Change - Announcement of Cessation::Resignation of an Executive Officer
Issuer & Securities
SHOPPER360 LIMITED - SG1DH4000001 - 1F0
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of an Executive Officer
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)
Resignation of Regional Director at Pos Ad Sdn. Bhd., ShopperPlus Sdn. Bhd., ShopperPlus Myanmar Co., Ltd and Gazelle Activation Sdn. Bhd., subsidiaries of shopper360 Limited (the "Company").
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.
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 048544, telephone (65) 6636 4201.
Name Of Person
SAMUEL CHAN MUN PAN
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Samuel Chan has resigned voluntarily amidst the Company conducting an internal investigation into allegation of misconduct.
The Company will search for a suitable replacement and will announce the appointment via SGXNET in due course. In the interim, our Executive Chairman and Group Managing Director, Ms Chew Sue Ann, will assume the roles and responsibilities of Mr Samuel Chan.
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.)
Regional Director at Pos Ad Sdn. Bhd., ShopperPlus Sdn. Bhd., ShopperPlus Myanmar Co., Ltd and Gazelle Activation Sdn. Bhd.
Role and responsibilities
Responsible for the management and development of Pos Ad Sdn. Bhd., ShopperPlus Sdn. Bhd., ShopperPlus Myanmar Co., Ltd and Gazelle Activation Sdn. Bhd., subsidiaries of the Company and expansion into Singapore and Myanmar.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
250,000 ordinary shares in shopper360 Limited
Past (for the last 5 years)