Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers

Termination of Named Executive Officer

Effective on May 4, 2020, Nami Corp (the "Corporation") has decided to terminate its employment with Chan Min Wai (M.W. "Jason" Chan) as Chief Financial Officer of Operations and Loh Siew Ngee (S.N. Loh) as Chief Operation Officer of Operations. Chan Min Wai has accepted and agreed to the termination of his employment as Chief Financial Officer of Operations and Loh Siew Ngee has accepted and agreed to the termination of his employment as Chief Operation Officer of Operations of the Corporation effective on May 4, 2020.

In connection with the termination of the employment, the Corporation and resigning officers entered into a full settlement for the Corporation to pay remaining salary to the resigning officers and the remaining salary of the resigning officers were fully settled and paid by the Company.




2

© Edgar Online, source Glimpses