Change - Announcement of Cessation::Cessation of Financial Controller

Issuer & Securities

Issuer/ Manager
SHOPPER360 LIMITED
Securities
SHOPPER360 LIMITED - SG1DH4000001 - 1F0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jun-2023 17:39:05
Status
New
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
SG230614OTHRS875
Submitted By (Co./ Ind. Name)
Chew Sue Ann
Designation
Executive Chairman and Group Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Financial Controller

This announcement has been prepared by shopper360 Limited (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Leong Huey Miin, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone: +65 6636 4201.

Additional Details

Name Of Person
Siew Kok Yoong
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
13/09/2023
Detailed Reason (s) for cessation
Mr. Siew Kok Yoong ("Mr. Siew") has tendered his resignation as the Financial Controller of the Company to pursue other career opportunities.

Mr. Siew is currently serving his notice period pursuant to his employment contract, and his last day of employment with the Company will be 12 September 2023. In the meantime, Mr. Siew will continue to ensure smooth functioning of the Group's finance team operations until his last day of employment.

The Company is in the process of finding a replacement and will make the necessary announcement(s) when a suitable candidate is appointed.

After having interviewed Mr. Siew and to the best of its knowledge, the Company's Sponsor is satisfied that, other than being disclosed in this announcement, there are no other material reasons for the cessation of Mr. Siew as the Financial Controller of the Company.

In addition, there are no concerns with regards to financial reporting that led to the cessation of Mr. Siew as the Financial Controller of the Company and there are no disagreements between Mr. Siew and the Board of Directors of the Company with regards to practices that would have an impact on the Company's and the Group's financial reporting.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/09/2022
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Mr. Siew is responsible for overseeing the financial and accounting functions of the Group, including financial reporting, internal controls, and taxation.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil