Change - Announcement of Cessation::Cessation of Group Chief Financial Officer

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
27-Mar-2025 17:22:43
Status
New
Announcement Sub Title
Cessation of Group Chief Financial Officer
Announcement Reference
SG250327OTHR54OB
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 Directors of iFAST Corporation Ltd. (the "Company") wishes to announce the cessation of Mr Lim Kian Thong as Group Chief Financial Officer ("Group CFO") of the Company with effect from 1 April 2025.

Mr Lim Kian Thong will be reaching retirement age in Singapore and the change in Group CFO is part of the Group's long-term succession planning to strengthen its senior management team. Mr Lim Kian Thong will be taking on new responsibilities in the Group.

The Board of Directors would like to express its appreciation to Mr Lim Kian Thong for his contributions as Group CFO and looks forward to his continued involvement in the Group in his new capacity.

Additional Details

Name Of Person
Lim Kian Thong
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
01/04/2025
Detailed Reason (s) for cessation
Mr Lim Kian Thong will be reaching retirement age in Singapore. The change in Group CFO is part of the Group's long-term succession planning to strengthen its senior management team. Mr Lim Kian Thong will be taking on new responsibilities in the Group.
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
01/02/2022
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Responsible for the Group's financial and accounting matters.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interest:39,900 in the Company
Other Directorships
Past (for the last 5 years)
LHN Logistics Limited
United Global Limited
Capital World Limited
PureCircle Limited
Present
LHN Limited
Jiutian Chemical Group Limited
Aspen (Group) Holdings Limited
Sitra Holdings (International) Limited
Bondsupermart Pte. Ltd.
iFAST Securities US Corporation
Lim & Partners Advisory Services Pte. Ltd.