Change - Announcement of Cessation::Resignation of Regional Research Director

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2015 07:31:05
Status
New
Announcement Sub Title
Resignation of Regional Research Director
Announcement Reference
SG150429OTHR9M5V
Submitted By (Co./ Ind. Name)
Lim Chung Chun
Designation
Chairman and 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" or together with its subsidiaries, the "Group") wishes to announce the resignation of Mr Wong Sui Jau as Regional Research Director of the Group with effect from 19 May 2015. Mr Wong Sui Jau will cease to be a key executive officer of the Company effective from 19 May 2015. Details of Mr Wong Sui Jau pursuant to Rule 704(7)(a) of the Listing Manual of the Singapore Exchange Securities Trading Limited are set out below.

Mr Wong Sui Jau will officially become the Group's "Retirement Planning Ambassador" effective from 20 May 2015. Please refer to the Press Release attached hereto.


By Order of the Board
Lim Chung Chun
Chairman / Chief Executive Officer

29 April 2015


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The initial public offering of shares and listing of iFAST Corporation Ltd. on the Main Board of the Singapore Exchange Securities Trading Limited was jointly sponsored by DBS Bank Ltd. and RHB Securities Singapore Pte. Ltd. (formerly known as DMG & Partners Securities Pte Ltd) as joint issue managers, bookrunners and underwriters ( Joint Issue Managers, Bookrunners and Underwriters ). The Joint Issue Managers, Bookrunners and Underwriters assume no responsibility for the contents of this announcement.


Additional Details

Name Of Person
Wong Sui Jau
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
19/05/2015
Detailed Reason (s) for cessation
Mr Wong Sui Jau has decided to go into semi-retirement.
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?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
02/01/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Regional Research Director of the Group.
Role and responsibilities
Oversees the research teams in the different jurisdictions within the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Number of Ordinary Shares: 644,000
Number of Options to subscribe for Ordinary Shares: 186,000
Number of Performance Shares awarded: 38,400
Past (for the last 5 years)
Pecuniam Pte. Ltd.
Present
Nil

Attachments

iFAST_Corp_Wong_Sui_Jau_Retirement_Planning_Ambassador.pdf
Total size =103K