{"url_path":"/sec/ftrk/10-k/2026/item-6","section_key":"item-6","section_title":"Item 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-06-30","source_url":"https://www.sec.gov/Archives/edgar/data/2027262/0001493152-26-031197-index.html","accession_number":"0001493152-26-031197","cik":"0002027262","ticker":"FTRK","issuer_name":"Fast Track Group","edgar_url":"https://www.sec.gov/Archives/edgar/data/2027262/0001493152-26-031197-index.html","primary_entity_key":"0002027262","primary_entity_name":"Fast Track Group"},"word_count":2956,"has_tables":true,"body_markdown":"**ITEM\n6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**\n\n  \n\n**A.\nDirectors and senior management.**\n\n \n\nThe\nfollowing table sets forth information regarding our Directors and Executive Officers as at the date of this Report.\n\n \n\n**Name**\n \n**Age**\n \n**Position**\n\nLim\nSin Foo, Harris\n \n37\n \nChief\nExecutive Officer and Director\n\nLow\nJiayi\n \n39\n \nChief\nOperation Officer and Director\n\nYip\nWai Foong\n \n39\n \nChief\nFinancial Officer\n\nQuek\nHuay Min\n \n48\n \nIndependent\nDirector\n\nOng\nSie Hou, Raymond\n \n55\n \nIndependent\nDirector\n\nRobert\nNg Sun\n \n61\n \nIndependent\nDirector\n\n \n\nThe\nbusiness and working experience and areas of responsibility of our Directors and Executive Officers are set out below:\n\n \n\n**Mr.\nLim Sin Foo, Harris** has been our Chief Executive Officer and a Director of the Company since May 31, 2024. Mr. Lim has been director\nof Fast Track Events Pte. Ltd. since March 2012, and is responsible for our Group’s overall direction. Mr. Lim has also been the\ndirector of Fast Track Events Sdn Bhd from July 12, 2016 to July 5, 2023. Mr. Lim has over 15 years of experience in the Events management\nindustry. Mr. Lim obtained a Diploma in Tourism & Resort Management from Ngee Ann Polytechnic in 2009. We believe Mr. Lim is well\nqualified to serve on our board of directors based on his extensive operating and management experience and knowledge within our industry.\n\n \n\n**Ms.\nLow Jiayi** has been our Chief Operation Officer since May 2024 and has been a Director of the Company since November 29, 2024. As\nour Chief Operation Officer, Ms. Low is responsible for the overall strategic direction and development of our Company. Ms. Low has 10\nyears of experience in event industry. From June 2021 to October 2023, Ms. Low served as an assistant to a Director in SeaMoney at Shopee\nSingapore Pte Ltd, responsible for administrative matters. From June 2013 to May 2021, Ms. Low served as our Company’s operations\nmanager, responsible to ensure smooth execution of events. Ms. Low obtained her Bachelor’s Degree in Communication and Psychology\nfrom Upper Iowa University in 2010. We believe Ms. Low is well qualified to serve on our board of directors based on her extensive operating\nand management experience and knowledge within our industry.\n\n \n\n38\n\n \n\n \n\n**Mr.\nYip Wai Foong** has been our Chief Financial Officer since August 2025, responsible for the financial reporting, corporate services\nand compliance of our Company. Mr. Yip has over 15 years of financial experience across industries. From September 2023 to August 2025,\nMr. Yip served as the Audit Director at W.P Yip & Co, leading and overseeing statutory audits for companies. From July 2018 to August\n2023, Mr. Yip was a Senior Commercial Manager of WPP Media. Mr. Yip also worked as the Head of Finance at RedTix (AirAsia Group)\nfrom March 2018 to June 2018. Mr. Yip holds a Bachelor of Science in Applied Accounting from Oxford Brookes University and is a Fellow\nof the Association of Chartered Certified Accountants (FCCA).\n\n \n\n**Ms.\nQuek Huay Min (alias, Guo Huimin)** has been an independent director of the Company since November 29, 2024. Since September 2004 till\nnow, Ms. Quek has been working at DBS Bank. She was promoted to vice president in 2008, team lead in 2011 and senior vice president in\n2018. From July 2001 to September 2004, Ms. Quek was the relationship manager at OCBC Bank, responsible for managing a portfolio of small\nto medium size customers. Ms. Quek obtained her Bachelor’s Degree in Business from Nanyang Technological University in 2001.\n\n \n\n**Mr.\nOng Sie Hou, Raymond** has been an independent director of the Company since November 29, 2024. Since 2010 till now, Mr. Ong has been\na partner at CTLC Law Corporation. From 2002 to 2010, Mr. Ong was the partner at Rajah & Tann. From 1998 to 2002, Mr. Ong was the\npartner at Colin Ng & Partners/White & Case. He obtained his Bachelor’s Degree in Law from the National University of Singapore\nin 1995.\n\n \n\n**Mr.\nRobert Ng Sun** has been an independent director of the Company since November 29, 2024. Since 1998 till now, Mr. Ng has been the principal\nof RNS & Associates, responsible for providing consultancy in civil and structural engineering works. Since 2003 till now, Mr. Ng\nhas been the principal of RNS Design & Engineering, responsible for providing consultancy in civil and structural engineering works.\nSince 2012 till now, Mr. Ng has been the principal of RNS Consultants Pte Ltd, responsible for providing consultancy in civil and structural\nengineering works. Mr. Ng graduated from the National University of Singapore with a degree of Bachelor in Engineering (Civil) in 1990\nand Master of Science in Civil Engineering in 2001.\n\n \n\n**Family\nRelationships**\n\n \n\nExcept\nas disclosed above, none of our directors or executive officers has a family relationship as defined in Item 401 of Regulation S-K.\n\n \n\n**B.\nCompensation.**\n\n \n\nFor\nthe years ended February 28, 2026 and February 28, 2025, we paid an aggregate of approximately S$832,433 and S$348,516 respectively,\nin cash and benefits in-kind granted to or accrued on behalf of all of our Directors and members of senior management for their services,\nin all capacities.\n\n \n\n**C.\nBoard Practices.**\n\n \n\nOur\nBoard of Directors consists of five Directors, three of whom are independent Directors. A director is not required to hold any shares\nin our Company to qualify to serve as a director. The Corporate Governance Rules of the Nasdaq generally require that a majority of an\nissuer’s board of directors must consist of independent directors, and our Board of Directors shall have three directors who are\n“independent directors” as defined under the Nasdaq rules. The full Board of Directors exercises oversight on the Company’s\ncybersecurity and data management matters, including with respect to cybersecurity risks. These topics are raised by the Board once every\nyear.\n\n \n\n**Committees\nof the Board of Directors**\n\n \n\nWe\nhave established an audit committee, a compensation committee and a nominating and corporate governance committee under our Board of\nDirectors. We have adopted a charter for each of the three committees upon the SEC’s declaration of effectiveness of our registration\nstatement on Form F-1 (File No. 333- 286542) originally filed with the Securities and Exchange Commission on April 14, 2025, as amended.\nEach committee’s members and functions are described below.\n\n \n\n39\n\n \n\n \n\nOur\nAudit Committee consists of our three independent Directors, and is chaired by Ms. Quek Huay Min. We have determined that each member\nof our Audit Committee satisfies the requirements of Section 303A of the Corporate Governance Rules/ Rule 5605(c)(2) of the Listing Rules\nof the Nasdaq and meets the independence standards under Rule 10A-3 under the Securities Exchange Act of 1934, as amended. We have determined\nthat Ms. Quek Huay Min qualifies as an “audit committee financial expert.” The Audit Committee oversees our accounting and\nfinancial reporting processes and the audits of the financial statements of our Company. The Audit Committee is responsible for, among\nother things:\n\n \n\n \n●\nreviewing\nand recommending to our board for approval, the appointment, re-appointment or removal of the independent auditor, after considering\nits annual performance evaluation of the independent auditor;\n\n \n \n \n\n \n●\napproving\nthe remuneration and terms of engagement of the independent auditor and pre-approving all auditing and non-auditing services permitted\nto be performed by our independent auditors at least annually;\n\n \n \n \n\n \n●\nreviewing\nwith the Independent Registered Public Accounting Firm any audit problems or difficulties and management’s response;\n\n \n \n \n\n \n●\ndiscussing\nwith our independent auditor, among other things, the audits of the financial statements, including whether any material information\nshould be disclosed, issues regarding accounting and auditing principles and practices;\n\n \n \n \n\n \n●\nreviewing\nand approving all proposed related party transactions, as defined in Item 404 of Regulation S-K under the Securities Act;\n\n \n \n \n\n \n●\ndiscussing\nthe annual audited financial statements with management and the Independent Registered Public Accounting Firm;\n\n \n \n \n\n \n●\nreviewing\nthe adequacy and effectiveness of our accounting and internal control policies and procedures and any special steps taken to monitor\nand control major financial risk exposures;\n\n \n \n \n\n \n●\napproving\nannual audit plans, and undertaking an annual performance evaluation of the internal audit function;\n\n \n \n \n\n \n●\nestablishing\nand overseeing procedures for the handling of complaints and whistleblowing; and\n\n \n \n \n\n \n●\nmeeting\nseparately and periodically with management and the Independent Registered Public Accounting Firm.\n\n \n\n*Compensation\nCommittee.*\n\n \n\nOur\nCompensation Committee consists of our three independent Directors, and is chaired by Mr. Robert Ng Sun. We have determined that each\nmember of our Compensation Committee satisfies the “independence” requirements of Rule5605(c)(2) of the Listing Rules of\nthe Nasdaq. Our Compensation Committee assists the board in reviewing and approving the compensation structure, including all forms of\ncompensation, relating to our Directors and Executive Officers. Our Chief Executive Officer may not be present at any committee meeting\nduring which their compensation is deliberated upon. Our Compensation Committee is responsible for, among other things:\n\n \n\n \n●\noverseeing\nthe development and implementation of compensation programs in consultation with our management;\n\n \n \n \n\n \n●\nat\nleast annually, reviewing and approving, or recommending to the board for its approval, the compensation for our Executive Officers;\n\n \n \n \n\n \n●\nat\nleast annually, reviewing and recommending to the board for determination with respect to the compensation of our directors;\n\n \n \n \n\n \n●\nat\nleast annually, reviewing periodically and approving any incentive compensation or equity plans, programs or other similar arrangements;\n\n \n \n \n\n \n●\nreviewing\nExecutive Officer and director indemnification and insurance matters; and\n\n \n \n \n\n \n●\noverseeing\nour regulatory compliance with respect to compensation matters, including our policies on restrictions on compensation plans and\nloans to Directors and Executive Officers.\n\n \n\n40\n\n \n\n \n\n*Nominating\nand Corporate Governance Committee.*\n\n \n\nOur\nNominating and Corporate Governance Committee consists of our three independent Directors, and is chaired by Mr. Ong Sie Hou, Raymond.\nWe have determined that each member of our Nominating and Corporate Governance Committee satisfies the “independence” requirements\nof Rule5605(c)(2) of the Listing Rules of the Nasdaq. The nominating and corporate governance committee assists the board in selecting\nindividuals qualified to become our Directors and in determining the composition of the Board and its committees. The Nominating and\nCorporate Governance Committee is responsible for, among other things:\n\n \n\n \n●\nrecommending\nnominees to the Board for election or re-election to the Board, or for appointment to fill any vacancy on the Board;\n\n \n \n \n\n \n●\nreviewing\nannually with the Board the current composition of the Board with regards to characteristics such as independence, knowledge, skills,\nexperience, expertise, diversity and availability of service to us;\n\n \n \n \n\n \n●\ndeveloping\nand recommending to our Board such policies and procedures with respect to nomination or appointment of members of our Board and\nchairs and members of its committees or other corporate governance matters as may be required pursuant to any SEC or Nasdaq rules,\nor otherwise considered desirable and appropriate;\n\n \n \n \n\n \n●\nselecting\nand recommending to the Board the names of Directors to serve as members of the Audit Committee and the Compensation Committee, as\nwell as of the Nominating and Corporate Governance Committee itself; and\n\n \n \n \n\n \n●\nevaluating\nthe performance and effectiveness of the Board as a whole.\n\n \n\n**Foreign\nPrivate Issuer Exemption**\n\n \n\nWe\nare a “foreign private issuer,” as defined by the SEC. As a result, in accordance with the rules and regulations of Nasdaq,\nwe may choose to comply with home country governance requirements and certain exemptions thereunder rather than complying with Nasdaq\ncorporate governance standards. We may choose to take advantage of the following exemptions afforded to foreign private issuers:\n\n \n\n \n●\nExemption\nfrom filing quarterly reports on Form 10-Q, from filing proxy solicitation materials on Schedule 14A or 14C in connection with annual\nor special meetings of shareholders, from providing current reports on Form 8-K disclosing significant events within four (4) days\nof their occurrence, and from the disclosure requirements of Regulation FD.\n\n \n \n \n\n \n●\nExemption\nfrom Section 16 rules regarding sales of Shares by insiders, which will provide less data in this regard than shareholders of U.S.\ncompanies that are subject to the Exchange Act.\n\n \n \n \n\n \n●\nExemption\nfrom the Nasdaq rules applicable to domestic issuers requiring disclosure within four (4) business days of any determination to grant\na waiver of the code of business conduct and ethics to Directors and officers. Although we will require Board approval of any such\nwaiver, we may choose not to disclose the waiver in the manner set forth in the Nasdaq rules, as permitted by the foreign private\nissuer exemption.\n\n \n \n \n\n \n●\nExemption\nfrom the requirement that our Board of Directors have a compensation committee that is composed entirely of independent Directors\nwith a written charter addressing the committee’s purpose and responsibilities.\n\n \n \n \n\n \n●\nExemption\nfrom the requirements that director nominees are selected, or recommended for selection by our Board of Directors, either by (i)\nindependent Directors constituting a majority of our Board of Directors’ independent Directors in a vote in which only independent\nDirectors participate, or (ii) a committee comprised solely of independent Directors, and that a formal written charter or Board\nresolution, as applicable, addressing the nominations process is adopted.\n\n \n\n41\n\n \n\n \n\nFurthermore,\nNasdaq Rule 5615(a)(3) provides that a foreign private issuer, such as us, may rely on our home country corporate governance practices\nin lieu of certain of the rules in the Nasdaq Rule 5600 Series and Rule 5250(d), provided that we nevertheless comply with Nasdaq’s\nNotification of Noncompliance requirement (Rule 5625), the Voting Rights requirement (Rule 5640) and that we have an Audit Committee\nthat satisfies Rule 5605(c)(3), consisting of committee members that meet the independence requirements of Rule 5605(c)(2)(A)(ii). If\nwe rely on our home country corporate governance practices in lieu of certain of the rules of Nasdaq, our Shareholders may not have the\nsame protections afforded to shareholders of companies that are subject to all of the corporate governance requirements of Nasdaq. If\nwe choose to do so, we may utilize these exemptions for as long as we continue to qualify as a foreign private issuer.\n\n \n\n**D.\nEmployees.**\n\n \n\nAs\nof February 28, 2026, we had a workforce of ten individuals, who were mostly located in our office in Singapore.\n\n \n\nOur\nworkforce has increased over the past three fiscal years as our business operations expanded. As of February 28, 2026, one of our employees\nwas the sibling of our Chief Executive Officer, who is also a director and major shareholder of our Company. The employee’s compensation,\nresponsibilities and terms of employment were determined in accordance with our standard employment policies and procedures and are substantially\nconsistent with those applicable to employees holding comparable positions and responsibilities. The employee does not serve as a director\nor executive officer of the Company. Any new employment of related employees and the proposed terms of their employment will be subject\nto the review and approval of our Compensation Committee. In the event that a member of our Compensation Committee is related to the\nemployee under review, such director will abstain from the review. \n\n \n\nNone\nof our employees are covered by collective bargaining agreements, and we have not experienced any material labor disputes, work stoppages\nor strikes. We believe our relationship with our employees is good.\n\n \n\n**E.\nShare Ownership.**\n\n \n\nThe\nfollowing table sets forth information regarding the beneficial ownership of our Shares as of the date of this Report by our officers,\nDirectors, and 5% or greater beneficial owners of our Shares. There is no other person or group of affiliated persons known by us to\nbeneficially own more than 5% of our Shares. Holders of our Shares are entitled to one (1) vote per share and vote on all matters submitted\nto a vote of our Shareholders, except as may otherwise be required by law.\n\n \n\nWe\nhave determined beneficial ownership in accordance with the rules of the SEC. These rules generally attribute beneficial ownership of\nsecurities to persons who possess sole or shared voting power or investment power with respect to those securities. The person is also\ndeemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Unless\notherwise indicated, the person identified in this table has sole voting and investment power with respect to all shares shown as beneficially\nowned by him, subject to applicable community property laws.\n\n \n\n  \n\n**Shares**\n\n**Beneficially Owned**\n \n\n**Name of Beneficial Owners(1)** \n**Number(2)**  \n% \n\n5% Shareholders \n   \n  \n\nBai Ye Private Limited(3) \n 4,593,750  \n 21.06%\n\n  \n    \n   \n\n**Directors and Executive Officers(1):** \n    \n   \n\nLim Sin Foo, Harris(3) \n 11,593,750  \n 53.15%\n\nLow Jiayi \n 1,750,000  \n 8.02%\n\n \n\n(1)\nUnless otherwise noted, the business address of each of the following entities or individuals is 600 North Bridge Road, Parkview Square\n#24-01, Singapore 188778.\n\n \n\n(2)\nApplicable percentage of ownership is based on 21,812,500 Ordinary Shares outstanding.\n\n \n\n(3)\nLim Sin Foo, Harris, our controlling shareholder, owns in aggregate 11,593,750 Ordinary Shares, or 53.15% shareholding of the Company,\nthrough his (i) direct ownership of 7,000,000 Ordinary Shares, or 32.09% shareholding of the Company; and (ii) beneficial ownership of\n4,593,750 Ordinary Shares, or 21.06% shareholding of the Company, through his 100% shareholding of Bai Ye Private Limited.\n\n \n\n42\n\n \n\n \n\n**F.\nDisclosure of a registrant’s action to recover erroneously awarded compensation.**\n\n \n\n**Clawback\nPolicy**\n\n \n\nOur\nboard of directors have adopted a clawback policy (the “Clawback Policy”) permitting the Company to seek the recoupment of\nincentive compensation received by any of the Company’s current and former executive officers (as determined by the board in accordance\nwith Section 10D of the Exchange Act and the Nasdaq rules) and such other senior executives/employees who may from time to time be deemed\nsubject to the Clawback Policy by the board (collectively, the “Covered Executives”). The amount to be recovered will be\nthe excess of the incentive compensation paid to the Covered Executive based on the erroneous data over the incentive compensation that\nwould have been paid to the Covered Executive had it been based on the restated results, as determined by the board. If the board cannot\ndetermine the amount of excess incentive compensation received by the Covered Executive directly from the information in the accounting\nrestatement, then it will make its determination based on a reasonable estimate of the effect of the accounting restatement."}