Change - Announcement of Cessation::Resignation of Independent Director

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
09-Jan-2026 17:50:28
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG260109OTHR5RJG
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)
Resignation of Mr. Hew Koon Chan 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, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name of person
Hew Koon Chan
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date.
09/01/2026
Detailed reason(s) for cessation
Mr. Hew Koon Chan ("Mr. Hew") has informed the Board of Directors (the "Board") that he is resigning as Independent Director of the Company in anticipation of his completion of the maximum term of nine (9) years allowed for an Independent Non-Executive Director of the Company in May 2026. The Board considers it both timely and prudent to refresh its composition.

Accordingly, Mr. Hew shall resign from his role as Lead Independent Director of the Company and relinquish his position as Chairman of the Audit Committee, and a member of the Nominating Committee and Remuneration Committee of the Company. The Company would like to express its gratitude to Mr. Hew for his contributions during his tenure of service to the Company.

After having interviewed Mr. Hew and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Hew as Independent 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?
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
19/05/2017
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee, and a member of the Nominating Committee and Remuneration
Committee of the Company
Role and responsibilities
Assumed the roles and responsibilities of the Lead Independent Director, Chairman of the Audit Committee, and a member of the Nominating Committee and Remuneration Committee of the Company
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of independent directors currently resident in Singapore (taking into account this cessation)
1
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Other Directorships
Past (for the last 5 years)
ecoWise Holdings Limited
Far East Group Limited
Vibropower Corporation Limited
ATXL Invest Pte. Ltd.
SP Manufacturing Pte. Ltd.
Present
Oiltek International Limited
Resources Global Development Limited
Integer Capital Pte. Ltd.
SEA Family Trust Pte. Ltd.