Change - Announcement of Cessation::Cessation of Chief Executive Officer of Jump Retail, Retail Galaxy and Marvel Distribution

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
12-Jun-2024 12:45:12
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer of Jump Retail, Retail Galaxy and Marvel Distribution
Announcement Reference
SG240612OTHRMZW8
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 Chief Executive Officer of Jump Retail Sdn. Bhd., Retail Galaxy Sdn. Bhd. and Marvel Distribution Sdn. Bhd.

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
Ooi Chee Kee
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
24/08/2024
Detailed Reason (s) for cessation
Mr. Ooi Chee Kee ("Mr. Ooi") has tendered his resignation as the Chief Executive Officer ("CEO") of Jump Retail Sdn. Bhd., Retail Galaxy Sdn. Bhd. and Marvel Distribution Sdn. Bhd. to pursue other career opportunities.

Mr. Ooi is currently serving his notice period pursuant to his employment contract, and his last day of employment with the Company will be 23 August 2024. In the meantime, Mr. Ooi will ensure the smooth handover of the operations to Ms. Chew Sue Ann, the Executive Chairman and Group Managing Director of the Company.

After having interviewed Mr. Ooi and to the best of its knowledge, the Company's Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Ooi as CEO of Jump Retail Sdn. Bhd., Retail Galaxy Sdn. Bhd. and Marvel Distribution Sdn. Bhd..

In addition, there are no concerns that the cessation is due to any financial reporting concerns or matters and there are no
disagreements between Mr. Ooi 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
23/07/2018
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer for Jump Retail Sdn. Bhd., Retail Galaxy Sdn. Bhd. and Marvel Distribution Sdn. Bhd.
Role and responsibilities
Mr. Ooi is responsible for the strategic planning and management as well as overseeing the administration and operations of Jump Retail Sdn. Bhd., Retail Galaxy Sdn. Bhd. and Marvel Distribution Sdn. Bhd.. He also spearheads the business development function to drive sales of Jump Retail Sdn. Bhd.'s manpower services and proprietary merchandising management system.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
N.A.
Present
- Jump Retail Sdn. Bhd.
- Retail Galaxy Sdn. Bhd.
- Marvel Distribution Sdn. Bhd.