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Change - Announcement Of Appointment Of Executive Director

BackJan 02, 2018
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Jan 2, 2018 19:46
Status New
Announcement Sub Title Appointment of Executive Director
Announcement Reference SG180102OTHR3HIY
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") is pleased to announce the appointment of Mr Goh Bing Yuan ("Mr Goh") as Executive Director of the Company with effect from 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, the Board is of the view that Mr Goh's prior experiences in the IT Applications Department of the Company, and his involvement in the development of various IT systems across the different markets of the Group over his past 13 years with the Company will bring new and relevant opinions to the Board and strengthen the Group's position as a Fintech Company.

Details of Mr Goh Bing Yuan as required under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited are set out below.

Please refer to Appendix A for information on the composition of the Board of Directors and Board Committees with effect from 2 January 2018.

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

2 January 2018
Additional Details
Date Of Appointment 02/01/2018
Name Of Person Goh Bing Yuan
Age 37
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Nominating Committee had reviewed the qualifications and working experience of Mr Goh Bing Yuan ["Mr Goh"] and recommended his appointment.

The Board approved the appointment of Mr Goh as Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility Executive. Mr Goh will assist the CEO to grow various business units within the Group and ensure overall IT applications strategic plan is aligned with the business requirements and forecast trends and long-term planning for IT Application department with short and mid-term strategies.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Conflict of interests (including any competing business) None
Working experience and occupation(s) during the past 10 years

January 2013 to present: Director in IT Application of iFAST Corporation Ltd
Mr Goh is responsible to ensure the overall IT applications strategic plan is aligned with the business requirements and participate in forecasting trends and long-term planning for IT Applications department with short and mid-term strategies.

July 2010 to December 2017: Director of Pecuniam Pte Ltd, an associate of the Company
Mr Goh was responsible to provide insight and perspective to the development initiatives for business platforms leading to the continuous growth and success of the business.

September 2012 to July 2014: Director in iFAST-OSK Sdn Bhd (now known as iFAST Malaysia Sdn Bhd) and iFAST Capital Sdn Bhd
Mr Goh was responsible to provide leadership development and growth of functional IT heads within the Company.

July 2008 to December 2012: Assistant Director in IT Applications of iFAST Corporation Pte. Ltd. (now known as iFAST Corporation Ltd)
Mr Goh was responsible to support IT Director to direct, plan, manage the internal operations of the IT applications and oversee successful launch of business IT systems in Malaysia and India.

July 2006 to June 2008: Manager in IT Applications of iFAST Corporation Pte Ltd (now known as iFAST Corporation Ltd.)

Mr Goh was responsible to lead, initiate and coordinate IT-related initiative to improve system applications overall performance and behavior. Design and manage implementation of software modules, applications and solutions to ensure IT solutions are aligned with business goals. He oversaw, trained and ensured the successful setup of IT shared service center in Malaysia.

Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) No
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details Shares
Mr Goh has 543,152 ordinary shares in iFAST Corporation Ltd.

Mr Goh is deemed interested in the 35,700 shares registered in the name of depository agent, iFAST Financial Pte Ltd.

Options
Mr Goh has 130,000 options under the iFAST Employee Share Option Scheme.

Performance Shares
Mr Goh has 110,800 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).
Past (for the last 5 years) Pecuniam Pte Ltd
iFAST India Investment Private Limited
Present Crouzet Limited
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed 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? No
(b) Whether at any time during the 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? No
(c) Whether there is any unsatisfied judgment against him? No
(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? No
(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? No
(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? No
(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? No
(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? No
(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? No
(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 No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or No
(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 No
(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? No
(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? No
Any prior experience as a director of a listed company? No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company Mr Goh has attended relevant course to familiarize himself with the roles and responsibilities of a director of a Listed Company on the SGX-ST.

Attachments

  1. Appendix A (Size: 50,470 bytes)