Change - Announcement of Cessation::Resignation of Director - Yao Chih Matthias
Issuer & Securities
IFAST CORPORATION LTD.
IFAST CORPORATION LTD. - SG1AF5000000 - AIY
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Director - Yao Chih Matthias
Submitted By (Co./ Ind. Name)
Lim Chung Chun
Chairman/ Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of iFAST Corporation Ltd. (the "Company") would like to announce the resignation of Mr Yao Chih Matthias as Independent Director of the Company with effect from 1 January 2023. Following his resignation as a director on 1 January 2023, Mr Yao Chih Matthias ceased to be Chairman of Board Risk Committee and Remuneration Committee and a member of the Audit Committee.
Name Of Person
Yao Chih Matthias
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Yao Chih Matthias has decided to step down and resign as a director to facilitate progressive Board renewal as he has served as Independent Director for almost 9 years from date of appointment to the Board.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and Chairman of the Board Risk Committee and Remuneration Committee and a member of the Audit Committee.
Role and responsibilities
Fulfilling the responsibilities of an Independent Director.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Mr Yao Chih Matthias is deemed interested in the 326,300 shares registered in the name of the Depository Agent, iFAST Financial Pte. Ltd.
Past (for the last 5 years)
iFAST Financial Pte. Ltd.
Agmonton Pte. Ltd.
Qlassroom Pte. Ltd.