Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT DIRECTOR- DAVID TOH TENG PEOW

Issuer & Securities

Issuer/ Manager
IFAST CORPORATION LTD.
Securities
IFAST CORPORATION LTD. - SG1AF5000000 - AIY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-Apr-2018 19:00:06
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT DIRECTOR- DAVID TOH TENG PEOW
Announcement Reference
SG180418OTHR8EOU
Submitted By (Co./ Ind. Name)
Lim Chung Chun
Designation
Chairman/ Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Director of iFAST Corporation Ltd ("the Company") is pleased to announce the appointment of Mr David Toh Teng Peow ("Mr David Toh") as an Independent Director of the Company after the conclusion of the AGM on 18 April 2018.

Additional Details

Date Of Appointment
18/04/2018
Name Of Person
David Toh Teng Peow
Age
51
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC") had reviewed the qualification, experience and expertise of Mr David Toh and recommended his appointment.

The Board having considered the recommendation from the NC, approved the appointment of Mr David Toh as Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
No.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
April 2013 to current
Director and Chief Technology Officer of NTUitive Limited, a wholly owned subsidiary of the Nanyang Technological University responsible for technology transfer and commercialization of university IP. Mr David Toh is responsible for IP management, technology licensing, industry collaborations, and spinning out new tech startups. He also advises on business and tech strategies for tech startups with the intent of building scalable business models funded by external inventors and collaborate with incubators and venture capital firms to raise capital for promising technology startups. He also advises on business and tech strategies for tech startups with the intent of building scalable business models funded by external investors and collaborate with incubators and venture capital firms to raise capital for promising technology startups.

November 2015 to March 2018
Co-founder and Director of Cloud Wings Pte Ltd, a cloud-based platform for bridging television online video, and digital out of home signages with mobile e-commerce. The startup was spun out of the Nanyang Technological University with Prof. Wen Yong Gang as co-founder.

June 2007 to December 2012
Co-founder and Chief Investment Officer of Acacia Capital Asia Pte Ltd. Mr David Toh is the founding partner of an Asia ex-Japan fund that focused on absolute return of public equities fund. The fund was principally invested in Asia, diversified across different industrial and technology sectors.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr David Toh has 51,010 ordinary shares in iFAST Corporation Ltd.
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Cloud Wings Pte Ltd
Present
Code Farm Pte Ltd
Evercomm Uni-Tech Singapore Pte Ltd
Bankerbay Technologies Pte Ltd
Voyager Venture Pte Ltd
Health2Sync Pte Ltd
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Mr David Toh will attend relevant course to familiarize himself with the role and responsibilities as a director of a listed company on the SGX-ST.