Info-Tech Systems’ CFO to resign, shortly after SGX mainboard listing

Gan Lai Thong’s last day in the role will be Dec 31, 2025; no replacement announced yet

The chief financial officer (CFO) of software provider Info-Tech Systems will leave his post, the company said just three months after it made its debut on the Singapore Exchange (SGX) mainboard.

The listing of the software-as-a-service firm marked the first mainboard offering on SGX in almost two years.

Info-Tech announced in a bourse filing on Tuesday (Oct 7) that CFO Gan Lai Thong will leave the company to “pursue his own personal interests”. His last day of service will be Dec 31, 2025.

The company noted that Gan’s resignation does not have any relation to concerns regarding its accounting, financial reporting or internal controls, and that there are no disagreements on any matters that could impact Info-Tech’s financial reporting or disclosures.

Gan, 62, has held the position of CFO since May 2021. The company said that it is in the process of identifying a suitable candidate to replace him and will make an announcement when an appointment is confirmed.

Shares of Info-Tech closed S$0.01 or 1.1 per cent higher at S$0.89 on Tuesday, before the news.