New Risk • Mar 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.60m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.4m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (US$9.60m market cap). Minor Risk Revenue is less than US$5m (US$1.7m revenue). Reported Earnings • Jan 15
First half 2026 earnings released: US$0.069 loss per share (vs US$0.012 loss in 1H 2025) First half 2026 results: US$0.069 loss per share (further deteriorated from US$0.012 loss in 1H 2025). Revenue: US$937.4k (up US$913.0k from 1H 2025). Net loss: US$1.51m (loss widened US$1.29m from 1H 2025). New Risk • Dec 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-S$1.2m). Revenue has declined by 21% over the past year. Revenue is less than US$1m (S$1.0m revenue, or US$784k). Minor Risk Market cap is less than US$100m (US$17.9m market cap). Board Change • Sep 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Harris Lim is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. お知らせ • Aug 22
Fast Track Group Announces Change of Chief Financial Officer On July 22, 2025, Mr. Kwong Choong Kuen tendered his resignation as the Chief Financial Officer of Fast Track Group, effective on August 22, 2025. Mr. Kwong has advised the Company that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. To fill in the vacancy created by the resignation of Mr. Kwong as the CFO of the Company, on August 20, 2025, the Company appointed Mr. Yip Wai Foong to serve as the new CFO of the Company, effective on August 22, 2025. Mr. Yip Wai Foong has over 14 years of financial experience across industries. From September 2023 to August 2025, Mr. Yip served as the Audit Director at W.P Yip & Co, leading and overseeing statutory audits for companies. From July 2018 to August 2023, Mr. Yip was a Senior Commercial Manager of GroupM Malaysia. Mr. Yip also worked as the Head of Finance at RedTix (AirAsia Group) from March 2018 to June 2018. Mr. Yip holds a Bachelor of Science in Applied Accounting from Oxford Brookes University and is a Fellow of the Association of Chartered Certified Accountants (FCCA). His extensive expertise in financial reporting, compliance, and strategic decision-making continues to drive sustainable growth for the Company. お知らせ • Jul 02
Fast Track Group announced delayed 20-F filing On 06/30/2025, Fast Track Group announced that they will be unable to file their next 20-F by the deadline required by the SEC. Board Change • May 23
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Harris Lim is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.