Nam Lee Pressed Metal Industries Limited: Update on Extraordinary General Meeting Requisition and Potential Board Changes

Key Highlights for Investors

• EGM Requisition Validated: Nam Lee Pressed Metal Industries Limited has confirmed the validity of a formal requisition by shareholders to convene an Extraordinary General Meeting (EGM).
• Potential Director Removal: The main agenda item at the upcoming EGM will be an ordinary resolution seeking the removal of Ms Yong Li Yuen, Joanna, from her position as Director of the Company, effective from the date of the EGM.
• Requisitioning Shareholders: The EGM was requisitioned by Mr Yong Kin Sen and Mr Yong Poon Miew, whose collective shareholding has been verified as meeting the requirements under Singapore’s Companies Act 1967.
• Timeline: The Company must convene the EGM no later than 21 January 2026, within two months of receiving the requisition notice dated 21 November 2025.
• Further Communications: Shareholders will receive a circular with detailed information on the resolution and the official EGM notice in due course.

Details Investors Should Note

The Board of Nam Lee Pressed Metal Industries Limited is acting in compliance with Section 176 of the Companies Act 1967, which allows shareholders with sufficient voting rights to demand an EGM for specific resolutions. The requisition by Mr Yong Kin Sen and Mr Yong Poon Miew has triggered this process.

The proposed removal of a sitting director—Ms Yong Li Yuen, Joanna—could signal underlying boardroom disagreements or shifts in the Company’s strategic direction. Such changes can have significant implications for corporate governance, strategic continuity, and ultimately, shareholder value.

The Company has not disclosed the reasons behind the resolution to remove Ms Yong Li Yuen, Joanna, nor has it indicated any immediate candidate for her replacement. This uncertainty could create speculation among investors and may lead to share price volatility as the market reacts to potential changes in leadership and corporate strategy.

The Board has advised shareholders to exercise caution in trading the Company’s shares. Shareholders are encouraged to await the formal circular, which will provide further details and the rationale behind the proposed resolution before the EGM.

Potential Price Sensitive Implications

• Board Dynamics: Boardroom changes, especially the removal of a director, often impact investor confidence and may lead to share price fluctuations.
• Strategic Direction: Any change in directorship could result in alterations to the Company’s policies, strategies, or operational focus.
• Uncertainty Ahead: The lack of public reasoning for the proposed removal may introduce short-term uncertainty, potentially affecting the trading sentiment around the Company’s shares.

Next Steps

• Shareholders should expect to receive the official EGM notice and an explanatory circular in the coming weeks.
• The Company will provide further updates as new material developments arise.
• In the meantime, shareholders are advised to consult professional advisors if unsure about their actions regarding Company shares.

Disclaimer: This article is prepared for information purposes only and does not constitute investment advice. Investors should conduct their own research or seek advice from professional advisers before making any investment decisions related to Nam Lee Pressed Metal Industries Limited.

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