Nippecraft Limited announced cessation of Lim Yu Neng Paul as Independent non-executive director, Chairman of the Nominating Committee and Member of each Remuneration Committee and Audit Committee. As disclosed in Nippecraft Limited ("the Company") 2020 Annual Report, Mr. Lim Yu Neng Paul ("Mr. Lim") had expressed his intention to retire and not seek re-election in the Annual General Meeting held on 28 April 2021. However, the Board and Nominating Committee (excluding Mr. Lim) has requested Mr. Lim to remain as an Independent Director until the earlier of (i) the identification of a new director in place of Mr. Lim; or (ii) 31 December 2021. In view of the appointment of Mr. Raymond Lam Kuo Wei as Independent Director with effect from 30 July 2021 and after a transition period of 1-month, Mr. Lim will be stepping down with effect from 31 August 2021. The Board of Directors and Management sincerely thank Mr. Lim for his invaluable contribution, dedication and commitment during his tenure with the Company.