Change - Announcement of Cessation::Resignation of Director - Ms Janice Wu Sung Sung

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
20-Sep-2024 17:19:37
Status
New
Announcement Sub Title
Resignation of Director - Ms Janice Wu Sung Sung
Announcement Reference
SG240920OTHRWKII
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 (the "Directors" or the "Board") of iFAST Corporation Ltd. (the "Company") wishes to announce the resignation of Ms Janice Wu Sung Sung as a Director of the Company with effect from 30 September 2024. Following her resignation as a Director effective 30 September 2024, Ms Janice Wu Sung Sung ceased to be a member of the Audit Committee ("AC"). In replacement thereof, Mr Lim Wee Kian was appointed on 20 September 2024 as a member of the AC and ceased to be a member of the Board Risk Committee.

The Board comprises five Independent Non-Executive Directors and three Non-Independent Directors (out of whom two are Executive Directors and one is a Non-Executive Director) effective from 30 September 2024.

Additional Details

Name Of Person
Janice Wu Sung Sung
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2024
Detailed Reason (s) for cessation
Competing time commitment.
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
18/04/2018
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director and a member of the Audit Committee
Role and responsibilities
Fulfilling the responsibilities of a director.
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
60,000 ordinary shares
Past (for the last 5 years)
Please refer to Appendix attached
Present
Please refer to Appendix attached.

Attachments

Appendix-Directorships Past and Present_Janice Wu.pdf
Total size =4K