Nam Lee Pressed Metal Industries Limited Receives Requisition Notice for Extraordinary General Meeting

Key Developments Investors Should Note

• Requisition Notice Received: On 21 November 2025, Nam Lee Pressed Metal Industries Limited (the “Company”) announced it had received a formal requisition notice from two major shareholders — Mr Yong Kin Sen and Mr Yong Poon Miew.
• Shareholder Position: The requisitioning shareholders collectively hold 95,577,593 shares, representing at least 10% of the Company’s total paid-up shares. This substantial stake gives them significant influence over corporate decisions.
• Purpose of EGM: The request is to convene an Extraordinary General Meeting (“EGM”), in accordance with Section 176(1) of the Singapore Companies Act 1967, specifically to consider and vote on the proposed removal of Ms Yong Li Yuen, Joanna from her position as Director of the Company, effective from the date of the EGM.
• Document Access: The Requisition Notice is available for shareholder review at the Company’s registered office (4 Gul Way, Singapore 629192) during normal business hours for the next three months.
• Legal Review Underway: The Board is currently seeking legal advice on the requisition and will provide further updates to shareholders as material developments arise.
• Shareholder Advisory: The Company has urged shareholders to exercise caution when dealing in the Company’s shares. Those unsure of what actions to take are advised to consult professional advisers such as stockbrokers, bank managers, solicitors, or accountants.

Potential Share Price Impacts & Investor Considerations

• Board Instability: The proposal to remove a sitting Director—especially Ms Yong Li Yuen, Joanna—may signal underlying disagreements or shifts in corporate strategy. Such actions can often be interpreted as signs of boardroom instability, which could have an impact on investor confidence and, subsequently, share price volatility.
• Shareholder Power: The fact that shareholders with at least 10% of the shares are driving this request highlights significant shareholder activism. This could lead to further changes at the board or management level, which may be price sensitive depending on the market’s perception of the director’s importance to the Company.
• Legal & Operational Uncertainty: The Board’s move to seek legal advice suggests that the situation is fluid and could result in unexpected outcomes. Investors should be aware that any material changes in leadership or strategy resulting from the EGM could impact future business direction and share performance.
• Notice Period & Opportunity: Shareholders have a three-month window to review the requisition notice in person, which may provide more insights into the motivations behind the proposed resolution and any associated risks or opportunities.

What Should Shareholders Do?

• Monitor further updates from the Board, as the outcome of the EGM and any resulting decisions could be significant for the Company’s future direction.
• Exercise caution when trading the Company’s shares during this period of uncertainty.
• Consult your financial adviser or legal counsel if you are uncertain about the implications of these developments for your investment portfolio.

Conclusion

The receipt of a requisition notice to remove a director and the convening of an EGM represent important governance and strategic events for Nam Lee Pressed Metal Industries Limited. Investors should be aware of potential boardroom changes, legal uncertainties, and the possibility of further shareholder activism, all of which may affect share price performance in the near term.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are encouraged to do their own research and seek professional advice before making any investment decisions. The Company may provide further updates, and developments may change the outlook or significance of the information provided herein.

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