Change – Announcement of Appointment::Appointment of Independent Non-Executive Director

CHANGE - ANNOUNCEMENT OF APPOINTMENT::APPOINTMENT OF INDEPENDENT NON- EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager

IFS CAPITAL LIMITED

Securities

IFS CAPITAL LIMITED - SG1A35000706 - I49

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Appointment

Date &Time of Broadcast

22-May-2020 20:49:41

Status

New

Announcement Sub Title

Appointment of Independent Non-Executive Director

Announcement Reference

SG200522OTHRPL9D

Submitted By (Co./ Ind. Name)

Chionh Yi Chian/Angeline Ng

Designation

Company Secretary/Assistant Company Secretary

Description (Please provide a detailed description of the event in the box below)

Appointment of Mr Tam Chee Chong as an Independent Non-Executive Director

Additional Details

Date Of Appointment

22/05/2020

Name Of Person

Tam Chee Chong

Age

57

Country Of Principal Residence

Singapore

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

After reviewing the recommendation of the Executive Resource and Compensation Committee and its assessment of the quali cations and experience of Mr Tam Chee Chong, the Board of Directors has approved the appointment of Mr Tam Chee Chong as Independent Non-Executive Director and Chairman of the Audit Committee of the Company.

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

Non-Executive

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

• Independent Non-Executive Director
• Chairman of the Audit Committee

Professional quali cations

Fellow Chartered Accountant of both England & Wales and Singapore

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

Nil

Con ict of interests (including any competing business)

Nil

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

(2018-2019)

Fullerton Healthcare Corporation Ltd - Group Chief Financial Of cer

(2016- 2018)

Deloitte Southeast Asia

• Deputy Managing Partner - Markets, Singapore
• Leader - Deloitte Private Southeast Asia
• Partner - Family Enterprise Consulting

(2006-2016)

Deloitte Southeast Asia

- Regional Managing Partner - Financial Advisory Services

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?

No

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

Past (for the last 5 years)

1. Institute of Singapore Chartered Accountants - Council Member
2. Deloitte Southeast Asia - Board Member
3. Singapore Turf Club - Steward

Present

1. Kairos Corporate Advisory Pte Ltd - Director
2. Boustead Projects Limited - Director, Chairman of Audit & Risk Committee and member of Nominating Committee
3. Kembangan Chai Chee Citizens Consultative Committee - Chairman
4. Marine Parade Town Council - Chairman, Audit Committee

1. Halogen Foundation Singapore - Board Member
2. NTUC Education & Training Fund - Board Member
3. YMCA Singapore - Board Member

1. Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was led 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 led 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 unsatis ed judgment against him?

No

1. 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

1. 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

1. 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 nding 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

1. 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

1. Whether he has ever been disquali ed 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

1. 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

1. Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-

1. any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or

No

1. 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

1. 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

1. 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

1. 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 an issuer listed on the Exchange?

Yes

If Yes, Please provide details of prior experience

Mr Tam is currently a director of Boustead Projects Limited.