iFAST Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Chung Chun Lim

Chief executive officer

S$1.4m

Total compensation

CEO salary percentage	31.5%
CEO tenure	23.7yrs
CEO ownership	19.2%
Management average tenure	2.3yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chung Chun Lim's remuneration changed compared to iFAST's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	S$40m
Dec 31 2023	S$1m	S$431k	S$28m
Sep 30 2023	n/a	n/a	S$16m
Jun 30 2023	n/a	n/a	S$10m
Mar 31 2023	n/a	n/a	S$4m
Dec 31 2022	S$693k	S$432k	S$6m
Sep 30 2022	n/a	n/a	S$12m
Jun 30 2022	n/a	n/a	S$18m
Mar 31 2022	n/a	n/a	S$28m
Dec 31 2021	S$1m	S$432k	S$31m
Sep 30 2021	n/a	n/a	S$30m
Jun 30 2021	n/a	n/a	S$29m
Mar 31 2021	n/a	n/a	S$26m
Dec 31 2020	S$1m	S$372k	S$21m
Sep 30 2020	n/a	n/a	S$17m
Jun 30 2020	n/a	n/a	S$14m
Mar 31 2020	n/a	n/a	S$12m
Dec 31 2019	S$460k	S$372k	S$10m
Sep 30 2019	n/a	n/a	S$9m
Jun 30 2019	n/a	n/a	S$9m
Mar 31 2019	n/a	n/a	S$10m
Dec 31 2018	S$657k	S$317k	S$11m
Sep 30 2018	n/a	n/a	S$10m
Jun 30 2018	n/a	n/a	S$9m
Mar 31 2018	n/a	n/a	S$9m
Dec 31 2017	S$418k	S$252k	S$8m

Compensation vs Market: Chung Chun's total compensation ($USD1.01M) is below average for companies of similar size in the German market ($USD1.51M).

Compensation vs Earnings: Chung Chun's compensation has increased by more than 20% in the past year.

CEO

Chung Chun Lim (55 yo)

23.7yrs

Tenure

S$1,370,416

Compensation

Mr. Chung Chun Lim serves as the Chief Executive Officer of iFAST Corporation Ltd., and iFAST Corporation Private Limited, holding companies of iFAST Platform Services (HK) Limited. He serves as Non-Execut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Chung Chun Lim	CEO & Executive Chairman	no data	S$1.37m	19.23% SGD 280.5m
Tin Niam Wong	Executive Director of Corporate Communications & Executive Director	11.3yrs	S$597.40k	0.36% SGD 5.3m
Kian Thong Lim	Group Chief Financial Officer	2.3yrs	no data	no data
Soon Shyan Wong	Group Chief Operating Officer	no data	no data	no data
Yik Kuan Tan	Managing Director of iFAST Malaysia Sdn Bhd	no data	no data	no data
Soo Kia Tang	Managing Director of iFAST ePension Services	no data	no data	no data
Jian Jong Pang	Group Chief Risk Officer	2.3yrs	no data	no data
Lai Yin Chan	Company Secretary	no data	no data	no data
Mujahid Malik	CEO of iFAST Global Bank	1.1yrs	no data	no data

2.3yrs

Average Tenure

54yo

Average Age

Experienced Management: 1O3's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Chung Chun Lim	CEO & Executive Chairman	23.7yrs	S$1.37m	19.23% SGD 280.5m
Tin Niam Wong	Executive Director of Corporate Communications & Executive Director	3yrs	S$597.40k	0.36% SGD 5.3m
Peng Chen	Independent Director	1.3yrs	S$109.18k	no data
Sung Sung Wu	Non-Independent Non-Executive Director	6.1yrs	S$65.00k	0.020% SGD 293.7k
Wee Kian Lim	Non-Independent Non-Executive Director	20.1yrs	S$82.54k	6.57% SGD 95.8m
Teng Peow Toh	Independent Director	6.1yrs	S$123.88k	0.085% SGD 1.2m
Mark Rudolph Duncan	Lead Independent Director	3.3yrs	S$138.33k	0.10% SGD 1.5m
Chu Wing Tak	Independent Director	2yrs	S$75.40k	0.00027% SGD 3.9k
Soh Mui Tham	Independent Director	1.3yrs	S$82.25k	no data

3.3yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 1O3's board of directors are considered experienced (3.3 years average tenure).

iFAST Management

Management criteria checks 3/4

Key information

Recent management updates

iFAST Corporation Ltd., Annual General Meeting, Apr 26, 2024

iFAST Corporation Ltd Announces the Resignation of Tan Ping Ping as Secretary

Executive Chairman & CEO recently bought €59k worth of stock

iFAST Corporation Ltd., Annual General Meeting, Apr 26, 2023

High number of new directors

Non-Independent Non-Executive Director recently bought €155k worth of stock

Recent updates

Dividend of S$0.013 announced

iFAST Corporation Ltd. Proposes Tax Exempt (One-Tier) Final Dividend for the Financial Year Ended 31 December 2023

iFAST Corporation Ltd. Proposes Tax Exempt (One-Tier) Interim Dividend for the First Quarter of the Financial Year Ending 31 December 2024, Payable on 7 June 2024

First quarter 2024 earnings released: EPS: S$0.049 (vs S$0.01 in 1Q 2023)

Full year 2023 earnings released: EPS: S$0.096 (vs S$0.022 in FY 2022)

Ifast Corporation Ltd. Proposes Tax Exempt (One-Tier) Final Dividend for the Financial Year Ended 31 December 2023

iFAST Corporation Ltd. to Report Q1, 2024 Results on Apr 25, 2024

New minor risk - Shareholder dilution

Fourth quarter dividend of S$0.014 announced

iFAST Corporation Ltd., Annual General Meeting, Apr 26, 2024

iFAST Corporation Ltd. Proposes (One-Tier) Final Dividend, Payable on 21 May 2024

iFAST Corporation Ltd. to Report Q4, 2023 Results on Feb 21, 2024

Third quarter 2023 earnings released

Ifast Corporation Ltd. Proposes Tax Exempt (One-Tier) Interim Dividend for the Third Quarter of the Financial Year Ending 31 December 2023, Payable on 17 November 2023

iFAST Corporation Ltd. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of S$0.011 per share at 0.9% yield

An unknown buyer signed an agreement to acquire 30.34% stake in Providend Holding Private Limited from iFAST Corporation Ltd. (SGX:AIY) For SGD 3.9 million.

Second quarter 2023 earnings released

iFAST Corporation Ltd Announces the Resignation of Tan Ping Ping as Secretary

iFAST Corporation Ltd. to Report Q2, 2023 Results on Jul 25, 2023

Upcoming dividend of S$0.01 per share at 1.1% yield

Executive Chairman & CEO recently bought €59k worth of stock

Upcoming dividend of S$0.014 per share at 1.0% yield

Full year 2022 earnings released: EPS: S$0.022 (vs S$0.11 in FY 2021)

Full year 2022 earnings released: EPS: S$0.04 (vs S$0.11 in FY 2021)

iFAST Corporation Ltd., Annual General Meeting, Apr 26, 2023

High number of new directors

iFAST Corporation Ltd. to Report Q4, 2022 Results on Feb 14, 2023

Upcoming dividend of S$0.013 per share

Third quarter 2022 earnings released

iFAST Corporation Ltd. Announces (One-Tier) Interim Dividend for the Third Quarter of the Financial Year Ending 31 December 2022

iFAST Corporation Ltd. to Report Q3, 2022 Results on Oct 26, 2022

Non-Independent Non-Executive Director recently bought €155k worth of stock

Executive Chairman & CEO recently bought €92k worth of stock

Second quarter 2022 earnings released: S$0.009 loss per share (vs S$0.025 profit in 2Q 2021)

iFAST Corporation Ltd. Proposes Tax Exempt (One-Tier) Second Interim Dividend, Payable on August 17, 2022

iFAST Corporation Ltd. to Report Q2, 2022 Results on Jul 23, 2022

Upcoming dividend of S$0.01 per share

Upcoming dividend of S$0.014 per share

First quarter 2022 earnings released: EPS: S$0.02 (vs S$0.032 in 1Q 2021)

iFAST Corporation Ltd. Announces Board Changes

iFAST Corporation Ltd. Provides Group Earnings Guidance for the Full Year 2022

iFAST Corporation Ltd. to Report Q1, 2022 Results on Apr 23, 2022

Full year 2021 earnings released: EPS: S$0.11 (vs S$0.078 in FY 2020)

iFAST Corporation Ltd., Annual General Meeting, Apr 25, 2022

Executive Chairman & CEO recently bought €195k worth of stock

iFAST Corporation Ltd. Proposes Tax Exempt (One-Tier) Final Dividend, Payable on 19 May 2022

Full year 2021 earnings: Revenues miss analyst expectations

iFAST Corporation Ltd. Announces Cessation of Leung Fung Yat David as Group Chief Financial Officer, Effective 1 February 2022

iFAST Corporation Ltd. to Report Fiscal Year 2021 Results on Feb 14, 2022

iFAST Corporation Ltd. to Report Fiscal Year 2021 Results on Feb 14, 2022

iFAST Corporation Ltd. (SGX:AIY) and Mandeep Ahluwalia signed an agreement to acquire BFC Bank Limited from BFC Group Holdings W.L.L. for £22.6 million.

Independent Director recently sold €127k worth of stock

Third quarter 2021 earnings released

Upcoming dividend of S$0.011 per share

Second quarter 2021 earnings released

Independent Director recently sold €210k worth of stock

Non-Independent Non-Executive Director recently sold €396k worth of stock

Investor sentiment improved over the past week

Upcoming dividend of S$0.01 per share

Non-Independent Non-Executive Director recently sold €233k worth of stock

First quarter 2021 earnings released

Full year 2020 earnings released: EPS S$0.078 (vs S$0.035 in FY 2019)

Executive Chairman & CEO recently bought €175k worth of stock

Board Member recently bought €36k worth of stock

Board Member recently bought €36k worth of stock

Non-Independent Non-Executive Director recently sold €766k worth of stock

Full year 2020 earnings released: EPS S$0.078 (vs S$0.035 in FY 2019)

Revenue misses expectations