NutryFarm International Limited Issues Key Addendum to AGM Notice – Major Board Changes and Auditor Reappointment

Summary of Key Developments for Investors

• NutryFarm International Limited (Under Judicial Management) has issued an addendum to its Notice of Annual General Meeting (AGM) originally dated 13 November 2025.
• The AGM is scheduled for Friday, 5 December 2025, at 10:00 a.m. at 135 Cecil Street, #07-00, Philippine Airlines Building, Singapore 069536.
• The addendum involves the appointment of new directors, reappointment of the company’s auditor, and other procedural updates which could have significant implications for corporate governance and future strategy.

Detailed Highlights and Potentially Price-Sensitive Information

1. Major Board Reshuffle – Appointment of New Directors

The company proposes to appoint several new directors as part of its ongoing restructuring under judicial management. The following directors are to be appointed, subject to shareholder approval:

• Mr Liu Zhen Rong Daryl – Non-Executive, Non-Independent Director
• Mr Kelvin Chow Chung Yip (Kelvin Zhou SongYe) – Non-Executive, Independent Director
• Mr Timothy John Goodchild – Non-Executive, Independent Director
• Ms Tan Chui Eng – Executive, Non-Independent Director
• Ms Ng Chern Nee – Non-Executive, Independent Director

These appointments are made pursuant to Article 107 of the company’s Constitution and follow the recommendations of the Judicial Manager. Such a substantial change in board composition signals a potential shift in company strategy, oversight, and governance, which may be price sensitive as it could impact future business direction and investor confidence.

2. Re-election of Current Directors

• Mr Niu Liming (Executive, Non-Independent Director) and Mr Er Kwong Wah (Non-Executive, Independent Director) are standing for re-election in accordance with the company’s Constitution and SGX listing rules.

The continued presence of existing directors provides some continuity amidst the significant board changes.

3. Auditor Reappointment

• The company seeks to re-appoint Nexia Singapore PAC as its auditor until the next AGM, with their fees to be agreed upon by the Judicial Manager and Nexia.

Auditor reappointments are often closely watched by investors, especially for companies under judicial management, as it may indicate ongoing scrutiny of financial reporting and governance.

4. AGM Format and Participation

• The AGM will be held in a wholly physical format. There will be no virtual participation option. Shareholders, including CPFIS and SRS investors, and duly appointed proxies must attend in person to vote and ask questions.
• Printed copies of the updated notice and proxy forms will be sent by post and are also available on SGXNet.

This may affect shareholder participation levels and could be a consideration for institutional investors.

5. Submission Deadlines for Questions and Proxy Forms

• Shareholder questions must be submitted in writing by 5:00 p.m. on 21 November 2025, either by post or email.
• Proxy forms must be submitted by 10:00 a.m. on 3 December 2025.
• Corporations and Depositors have specific instructions for appointing representatives and proxies.

Failure to comply with these deadlines could result in shareholders being unable to vote or have their questions addressed.

6. Personal Data and Proxy Appointments

By appointing proxies or representatives, shareholders consent to the collection and use of their personal data for meeting administration and compliance purposes. Shareholders are responsible for obtaining consent from their appointed proxies as well.

Conclusion: Why This Matters to Investors

The scale of board changes, under the oversight of a Judicial Manager, is a significant event for NutryFarm International Limited. Such changes often precede shifts in strategy, potential restructuring, or new business initiatives. The reappointment of the auditor and the rigorous AGM process further emphasize the company’s focus on governance during a critical period. As the company remains under judicial management, these moves could affect investor sentiment, future business prospects, and ultimately the share price. Investors should closely monitor the outcomes of the AGM and any subsequent announcements regarding the company’s direction.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own due diligence or consult a financial advisor before making investment decisions. The author and publisher are not responsible for any losses arising from investments made based on this report.

View NutryFarm Historical chart here