Wu Yongqiang, the executive chairman of Nutryfarm, has resigned with his date of cessation being effective on Sept 21.
Wu’s resignation comes as the company, which was placed under judicial management on June 28, now has a judicial manager to oversee the company’s affairs.
As such, all powers and duties of the directors have been suspended, leading to Wu’s resignation.
On July 20, Lin Ruihua David resigned from his role as non-executive independent director for the same reasons.
Shares in Nutryfarm last traded at 8.5 cents in April before its trading halt.
