Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Nov-2024 17:42:28
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG241129OTHR1DGH
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)
Appointment of Dr. Carl Thong Chia Lin as Independent Director

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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

Date Of Appointment
29/11/2024
Name Of Person
Carl Thong Chia Lin
Age
56
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors (the "Board"), having considered the recommendations of the Nominating Committee ("NC") and assessed the professional qualifications, academic qualifications and working experience of Dr. Carl Thong Chia Lin ("Dr. Thong"), approve the appointment of Dr. Thong as an Independent Director of the Company.

The Board considers Dr. Thong to be independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "Catalist Rules").

The NC is of the view that Dr. Thong has the ability to devote sufficient time and resources as an Independent Director of the Company notwithstanding his multiple directorships, taking into consideration the following: (a) all the companies which Dr. Thong holds directorships in has its own chief executive officer or general manager to run the day-to-day operations. Dr. Thong's contribution in these companies is to provide strategic views and business development advisory; and (b) Dr. Thong is fully aware of his duties and has confirmed that he is able to devote sufficient time and attention to the matters of the Company in respect of his role as an Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee
Professional qualifications
Doctorate in Strategic Leadership, Corban University (Oregon, USA)
Master of Arts in Theological Studies, University of Northwestern St. Paul (Minnesota, USA)
Bachelor of Arts in Business Administration, Lewis & Clark College (Oregon, USA)
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Executive Chairman, Sunstone Group Pte. Ltd.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
CWM Institute Pte. Ltd. (struck off)
Brahma Mining Resources Pte. Ltd. (struck off)
Singapore Dining Butler Private Limited (struck off)
Eggshell International Pte. Ltd. (struck off)
Humanitarian Assistance Network for Development Limited
Present
Dining Butler Limited
Momenta Group Pte. Ltd.
Sunstone Group Pte. Ltd.
Eagle Venture Lab Pte. Ltd.
ABA Group Pte. Ltd.
TRAFIMAR Holdings Pte. Ltd.
Medici Global Ventures Pte. Ltd.
ISCP Pte. Ltd.
Perform To Transform Pte. Ltd.
Kairos Healthtech Pte. Ltd.
ISOFP Ltd.
I.Investment Advisory Pte. Ltd.
Teach-n-learn Pte. Ltd.
Momenta Performance Sdn. Bhd.
Dytan Health On-line Sdn. Bhd.
Good Clinic Sdn. Bhd.
TakeMe K.K.
Momenta K.K.
Momenta Philippines Inc.
Momenta Limited
Momenta Learning Solutions Private Limited
Momenta BN Sdn. Bhd.
Momenta Consulting LLC
BankingON Inc.
Restart Financial Inc.
TrustBridge Global Foundation
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Pursuant to Rule 406(3)(a) of the Catalist Rules, the Company will arrange for Dr. Thong to attend the relevant training on the roles and responsibilities of a director of a listed issuer in Singapore prescribed by the Exchange under Practice Note 4D of the Catalist Rules within one year from the date of his appointment to the Board.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
N.A.