NutryFarm International Limited announced the resignation of NG FANG YAO (HUANG FANGYAO) as Non-Executive Independent Director, Chairman of Nominating Committee, member of Audit Committee and member of Remuneration Committee. Reason For Cessation: To facilitate with the restructuring of the Company, the Company had on 9 December 2022 entered into a Term Sheet with Corpbond IV Ltd. The resignation of Mr. Ng Fang Yao is to satisfy one of the conditions precedent of the Term Sheet.