iFAST Corporation | SGX Announcement

Change - Announcement of Appointment :: APPOINTMENT OF GROUP CHIEF FINANCIAL OFFICER - LIM KIAN THONG

Announcement Details

Announcement Title

Change - Announcement of Appointment

Date & Time of Broadcast

31-Jan-2022 13:29:10

Status

New

Announcement Sub Title

APPOINTMENT OF GROUP CHIEF FINANCIAL OFFICER - LIM KIAN THONG

Announcement Reference

SG220131OTHR47WI

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. Refer to the Online help for the format)

The Board of Directors of iFAST Corporation Ltd. (the "Company" together with its subsidiaries, the "Group") wishes to announce the appointment of Mr Lim Kian Thong ("Mr Lim") as Group Chief Financial Officer with effect from 1 February 2022.

Additional Details

Date Of Appointment

01/02/2022

Name Of Person

Lim Kian Thong

Age

Country Of Principal Residence

Singapore

The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)

The Board confirmed the appointment of Mr Lim Kian Thong as Group Chief Financial Officer based on his qualification and working experiences.

Whether appointment is executive, and if so, the area of responsibility

The appointment is executive. Mr Lim Kian Thong is responsible for the Group's financial and accounting matters.

Job Title(e.g.Lead ID, AC Chairman, AC Member etc.)

Group Chief Financial Officer

Professional qualifications

Bachelor of Accountancy from National University of Singapore Master of Business Administration (Banking & Finance) from Nanyang Technological University Chartered Accountant of Singapore, Fellow CPA Australia, Fellow

Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries

NIL

Conflict of interests (including any competing business)

NIL

Working experience and occupation(s) during the past 10years

October 2020 to January 2022: Deputy Chief Operating Officer of iFAST Financial Pte. Ltd. February 2020 to June 2020: Executive Director/Chief Financial Officer of PureCircle Limited September 2019 to January 2020: Chief Executive Officer (Financial Investments) of Hua Hong Foundation Investment Holding (Singapore) Pte. Ltd. April 2013 to August 2019: Chief Executive Officer/Executive Director of Haitong International Securities (Singapore) Pte. Ltd. October 2012 to March 2013: Part-time lecturer/Tutor of James Cook University, Singapore June 2009 to August 2012: Associate Director (Institutional Sales) & Director (Equity Capital Markets) of DMG & Partners Securities Pte. Ltd. February 2005 to May 2009: Chief Executive Officer/ Executive Director of SBI E2-Capital Asia Securities Pte. Ltd.

Undertaking submitted to the listed issuer in the form of Appendix 7.7 (listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))

Yes

Shareholding interest in the listed issuer and its subsidiaries

Yes

Shareholding Details

Deemed: 40,100 shares Mr Lim is deemed interest in 38,400 shares registered in the name of depository agent, iFAST Financial Pte. Ltd. Mr Lim is deemed interest in 1,700 shares bought with own CPF money and registered in the name of depository agent, OCBC Bank Ltd. Performance Shares: Mr Lim has 7,000 performance shares under iFAST Corporation Performance Share Plan

#These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9) or Catalist Rule 704(8)

Please refer to Appendix A

#Present

Please refer to Appendix B

(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filled 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?

(b) Whether at any time during 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

(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?

(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?

(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?

(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?

(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

(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?

(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

(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement govering such entities in Singapore or elsewhere; or

(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

(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?

(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?

Any prior experience as a director of an issuer listed on the Exchange?

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

N/A

Change - Announcement of Appointment :: APPOINTMENT OF GROUP CHIEF FINANCIAL OFFICER - LIM KIAN THONG

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