公告

Change - Announcement Of Cessation Of Executive Director

BackJan 02, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 2, 2018 19:45
Status New
Announcement Sub Title CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference SG180102OTHR1LF5
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") would like to announce the completion of Mr Kelvin Yip Hok Yin's ("Mr Yip") term as an Executive Director of the Company with effect 2 January 2018.

As part of the Company's plan to leverage on the extensive experiences of different members of the Group's Senior Management team, and in line with the Board's intention to periodically refresh the representation of Executive Directors from time to time, Mr Yip was previously appointed to the Board on 1 January 2016 and has served as an Executive Director over the past two years.

Mr Yip remains as Managing Director (Platform Services) for our Hong Kong subsidiaries and is still part of the Senior Management team of iFAST Corp.


By Order of the Board
Lim Chung Chun
Chairman/ Chief Executive Officer

2 January 2018
Additional Details
Name Of Person Kelvin Yip Hok Yin
Age 42
Is effective date of cessation known? Yes
If yes, please provide the date 02/01/2018
Detailed Reason (s) for cessation Periodic refreshing of Executive Director in the Board.
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 01/01/2016
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
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director
Role and responsibilities Mr Yip is responsible for the overall operation of the Hong Kong platform business and act as supervisor for operation of iFAST Financial Ltd (formerly known as iFAST Platform Services (Shenzhen) Qianhai Limited).
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 Shares
Mr Yip is deemed interested in 588,880 ordinary shares held by his spouse, Mdm Tang Soo Kia and registered in the name of the depository agent, iFAST Financial Pte. Ltd.

Options
Mr Yip has 186,000 options under iFAST Employee Share Option Scheme.
His wife, Mdm Tang Soo Kia has 48,000 options under iFAST Employee Share Option Scheme.

Performance Shares
Mr Yip has 193,000 performance shares under iFAST Corporation Performance Share Plan.
His wife, Mdm Tang Soo Kia has 73,600 performance shares under iFAST Corporation Performance Share Plan.
Past (for the last 5 years) Nil
Present iFAST Financial (HK) Limited
iFAST Platform Services (HK) Limited
iFAST Nominees (HK) Limited
iFAST Securities (HK) Limited
Treasure Crown Limited.