Change - Announcement of Cessation::Cessation of Executive Director - James Ling Wan Chye

Issuer & Securities

Issuer/ Manager
SHOPPER360 LIMITED - SG1DH4000001 - 1F0
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-May-2020 21:21:45
Announcement Sub Title
Cessation of Executive Director - James Ling Wan Chye
Announcement Reference
Submitted By (Co./ Ind. Name)
Chew Sue Ann
Executive Chairman and Group Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director - James Ling Wan Chye

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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 0485i44, telephone (65) 6636 4201.

Additional Details

Name Of Person
James Ling Wan Chye
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
This is part of the Board restructuring following the Nomination Committee's and the Board's review and deliberation on the composition of the Board in compliance with provisions 2.2 and 2.3 of the Code of Corporate Governance 2018 and the SGX-ST Listing Manual Section B: Rules of Catalist.

Mr James Ling Wan Chye has voluntarily resign as Executive Director of the Company. He remains with the Company as management personnel with no change to his day-to-day responsibilities in his executive role in the Company.

The Sponsor, after having interviewed Mr James Ling Wan Chye, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr James Ling Wan Chye as an Executive Director of the Company.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director - Corporate Finance and Strategy
Role and responsibilities
Mr James Ling Wan Chye oversees the corporate finance, human resource, strategy and group administration across the Company and its subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr James Ling Wan Chye is the husband of Ms Chew Sue Ann, the Chairman and Group Managing Director of the Company, and son-in-law of Ms Yap Phaik Kwai, a controlling shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
PB Grocery Group Sdn Bhd
Fonterra Brands (Malaysia) Sdn Bhd
Dairymas (Malaysia) Sdn Bhd
Solid Fresh Food & Beverage (M) Sdn Bhd
Anmum (Malaysia) Sdn Bhd