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NusaTrip Incorporated ( (NUTR) ) has provided an announcement.

On May 17, 2026, NusaTrip’s board removed chief executive officer Anson Neo and chief financial officer Tan Yee Siong for cause, ending all their operational and access roles while limiting their entitlements to final contractual compensation. The same day, the company moved to stabilize leadership by appointing experienced executive Tjin Patrick Soetanto as CEO and veteran investment banker Wallace Tzi Chun Foo as CFO, both pending finalization of their employment or consulting terms.

The board also refreshed its governance structure in early 2026, following the January 27 resignation of independent director Richard Hou, effective February 5, 2026, without any reported disputes over company operations. On February 5, 2026, Xin Li, a seasoned engineering and cloud-computing professional, joined the board as an independent director and committee chair, reinforcing NusaTrip’s audit and corporate governance oversight as it navigates this significant management transition.

More about NusaTrip Incorporated

NusaTrip Incorporated operates in the broader travel and hospitality sector through its parent company, Society Pass, with a particular focus on hotel-related operations. The company coordinates supply chain management, vendor contracting, and cross-functional collaboration across technology, marketing, sales, and finance to support its travel platform and hotel business in Asia.

Technical Sentiment Signal: Buy

Current Market Cap: $169.4M

Learn more about NUTR stock on TipRanks’ Stock Analysis page.