Change - Announcement of Cessation::RETIREMENT OF DIRECTOR- LOW HUAN PING

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
18-Apr-2018 18:57:30
Status
New
Announcement Sub Title
RETIREMENT OF DIRECTOR- LOW HUAN PING
Announcement Reference
SG180418OTHRQZOL
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)
Mr Low Huan Ping has retired as non-executive non-independent director of the Company with effect from the conclusion of the Annual General Meeting held on 18 April 2018.

Additional Details

Name Of Person
Low Huan Ping
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
18/04/2018
Detailed Reason (s) for cessation
Mr Low Huan Ping has retired from the Board of Directors of the Company at the conclusion of the AGM held on 18 April 2018.
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
30/06/2005
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Director and a Member of the Board Risk 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
None.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Ordinary Shares
Mr Low Huan Ping has 1,051,594 ordinary shares in iFAST Coporation Ltd.

Mr Low Huan Ping is deemed interested in the 3,100 ordinary shares registered in the name of iFAST Financial Pte. Ltd. (Depository Agent).

Performance Shares
Mr Low Huan Ping has 6,200 performance shares under iFAST Corporation Performance Share Plan.
Past (for the last 5 years)
Please refer to the Appendix.
Present
Please refer to the Appendix.

Attachments

Appendix_LHP Directorships.pdf
Total size =46K