Change - Announcement of Appointment::Appointment of Independent Non-Executive Director - Chin Tak Fat

Issuer & Securities

Issuer/ Manager
INFINITY DEVELOPMENT HOLDINGS COMPANY LIMITED
Securities
INFINITY DEVELOPMENT HOLDINGS - KYG4772A1168 - ZBA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Jan-2026 19:05:34
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director - Chin Tak Fat
Announcement Reference
SG260114OTHRVPZD
Submitted By (Co./ Ind. Name)
Shum Hoi Luen
Designation
Financial Controller and Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Xandar Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the SGX-ST. It has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr. Loo Chin Keong (Registered Professional) at 3 Shenton Way, #24-02 Shenton House, Singapore 068805. Telephone number: (65) 6319 4955.

Additional Details

Date of appointment
30/01/2026
Name of person
Chin Tak Fat
Age
41
Country of principal residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nomination Committee has recommended the appointment of Mr. Chin Tak Fat ("Mr. Chin") as Independent Non-Executive Director of the Company. The Board, having considered the recommendation of the Nomination Committee and having assessed Mr. Chin's qualifications, experience and suitability, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as an Independent Non-Executive Director of the Company, and confident that his appointment will enhance the balance and diversity of skills, experience, and knowledge amongst the Board of Directors.

Mr. Chin will also be appointed as Chairman of Remuneration Committee, a member of the Audit Committee and Nomination Committee of the Company.

The Board considers Mr. Chin to be independent for the purpose of Rule 704(7) of the Catalist Rules.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Remuneration Committee, Member of Audit Committee, Member of Nomination Committee
Professional qualifications
Degree of Master of Science (Finance), with Honours from National University of Ireland.
Bachelor of Science (BSc) in Banking and Finance (with Honours) from London School of Economics and Political Science, University of London.
Working experience and occupation(s) during the past 10 years
Managing director for ZH Securities Limited, November 2021 - Present, responsible for overseeing the overall daily operations of the company.

CEO for Verily Health Technology Asset Management Limited (previously known as Yee Tai Capital Limited), March 2021 to October 2021, responsible for overseeing the overall daily operations of the company.

CEO for N Plus Capital Limited, October 2017 to February 2021, responsible for the overall daily operations of the company and management of assets under management exceeding HKD 2 billion.

COO for Top Gear Asset Management Company Limited (previously known as Lunch Box Capital Management Limited), April 2016 to August 2017, responsible for overseeing the overall daily operations of the company.

Head of risk and trading department for Prunus Capital Management Limited, April 2015 to March 2016, responsible for risk management and trading operations, managing assets under management exceeding HKD 100 million, primarily invested in the pharmaceutical sector.
Shareholding interest in the listed issuer and its subsidiaries
No
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interest (including any competing business)
No
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer
Yes
Other Principal Commitments* Including Directorships#
* "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance.
# These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)
Directorships in:
Master Hostel Property Agency Limited
N Plus Capital Limited
Clean Plus Laundry Limited
iLoan Easy Finance Limited
FS Plus Limited
Present
Directorships in:
Payssion International Limited
Winning Combination Limited
ZH Securities Limited
Information Required
Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given.
(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
Disclosure applicable to the appointment of director only.
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange.
The Company will arrange for Mr Chin to attend the requisite training programs prescribed by the Singapore Exchange Securities Trading Limited within one year from the date of his appointment to the Board.