IFAST : wins Corporate Excellence and Resilience Award at the Singapore Corporate Awards 2020/2021

FOR IMMEDIATE RELEASE

iFAST Corp wins Corporate Excellence and Resilience Award at the Singapore Corporate Awards 2020/2021

SINGAPORE (17 November 2021) - iFAST Corporation Ltd. ("iFAST Corp" or together with its subsidiaries, the "Group"), a leading Fintech wealth management platform headquartered and listed in Singapore, was accorded the Corporate Excellence and Resilience Award for companies with market capitalisation of S$300 million to less than S$1 billion (as at 31 December 2020) at the Singapore Corporate Awards (SCA) (Special Edition) 2020/2021 held on 17 November 2021.

The SCA (Special Edition) 2020/2021 recognises exemplary companies that have continued to uphold best practices in corporate governance and shown leadership, innovation and resilience during the pandemic. The selection for the Award goes through a rigorous three-stage process, where companies are screened and assessed based on five criteria: corporate governance, financial resilience, strategic and operational excellence, people management, as well as sustainability and digital. (Source: SCA)

"We are very honoured to be awarded the Corporate Excellence and Resilience Award at the special edition SCA this year. The challenging times brought about by the pandemic for many people have gotten us to think of how we can do our part to help our employees, clients and partners, while our vision of helping investors invest profitably continues in Singapore and in our other global markets. The Fintech innovation resources we have been developing for years have helped us to be in a position of great agility in helping our different stakeholders," said Mr Lim Chung Chun, Chairman and CEO of iFAST Corp.

"At iFAST Corp, we have always focused on keeping the investors' interest at heart, be it in our business strategy and operations, talent development and retention, risk management, corporate governance, or sustainability. Our ability to look at things from the perspective of our stakeholders has also allowed us to roll out initiatives that are beneficial for them in the long run," shared Mr Lim.

As a Fintech-driveninvestor-focused company, iFAST Corp constantly looks to enhance its corporate governance and stakeholder engagement efforts through the innovative use of technology. In April 2021, iFAST Corp was the first listed company in Singapore to hold its Annual General Meeting (AGM) in a hybrid format with features similar to a traditional AGM including live voting, live Questions and Answers via two-way video function, and allowing shareholder to appoint third party proxy (other than the Chairman) to attend the meeting and vote on their behalf. To better engage shareholders, the Group released its replies to questions pre-submitted by shareholders via SGX prior to its AGM.

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Over the years, iFAST Corp has continuously worked on stepping up its corporate governance and investor engagement through various initiatives such as voluntary continuation of quarterly reporting; opening up its financial results briefing to shareholders, portfolio managers, analysts, and members of the media; as well as sharing webcast recordings of its financial results briefings and annual business updates, including the Questions and Answers segments, via the Group's Investor Relations website.

Other than the recognition received at the SCA, iFAST Corp was also named Runner-Up of the "Most Transparent Company Award (MTCA) 2021 - Financials" and "Shareholder Communication Excellence Award (SCEA) 2021, Mid Cap Category" at the Investors' Choice Awards 2021 organised by the Securities Investors' Association Singapore (SIAS).

Inaugurated in 2005, the SCA has been the premier platform for awards that recognise exemplary corporate governance practices in Singapore's listed companies. The event is jointly organised by the Institute of Singapore Chartered Accounts, Singapore Institute of Directors, and The Business Times, and supported by the Accounting and Corporate Regulatory Authority and Singapore Exchange.

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About iFAST Corp

iFAST Corp (stock code: AIY) is a wealth management Fintech platform, with assets under administration (AUA) of S$18.38 billion as at 30 September 2021.

Incorporated in the year 2000 in Singapore and listed on the SGX-Mainboard in December 2014, the Group is also present in Hong Kong, Malaysia, China and India. Through the years, the Group has built a well-established Fintech ecosystem connecting its product providers and clients.

iFAST Corp holds the requisite licences in the various jurisdictions it operates in to provide a wide range of products and services. As at end September 2021, the Group offers access to over 14,000 investment products including over 9,400 funds from over 280 fund houses, over 1,500 bonds, stocks and ETFs listed on the Singapore, Hong Kong and US stock exchanges, as well as services including online discretionary portfolio management services, research and investment seminars, Fintech solutions, and investment administration and transaction services.

The main business divisions of the Group include the Business-to-Consumer (B2C) division, the Business-to-Business (B2B) division, and the emerging Fintech Solutions/Business-to-Business-to-Consumer (B2B2C) model. The B2C platform, FSMOne.com (formerly known as Fundsupermart.com), is a multi-products transactional platform that caters to investors who prefer to do their own investments online. The B2B platforms cater to the specialised needs of more than 540 financial advisory companies, financial institutions, banks and internet companies with over 11,000 wealth advisers. iFAST Fintech Solutions, the emerging Fintech Solutions/B2B2C model, was launched in recent years to provide innovative and customisable Fintech solutions for the B2B clients and business partners to empower them with their own B2C Fintech capabilities.

The Group's mission statement is, "To help investors around the world invest globally and profitably".

For more information, please visit www.ifastcorp.com

Contacts:

Tan Chee Wei

1. 6505 [e-mail]

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