Change - Announcement of Cessation::Resignation of Group Chief Executive Officer

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jan-2021 18:24:21
Announcement Sub Title
Resignation of Group Chief Executive Officer
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)
Resignation of Group Chief Executive Officer

This announcement has been prepared by shopper360 Limited (the "Company") and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., 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 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Matthew Ho Weiern
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Matthew Ho Weiern ("Mr. Ho") has resigned from the Company as the Group Chief Executive Officer to focus on his family commitments. The duties of the Group Chief Executive Officer will be undertaken by Ms. Chew Sue Ann ("Ms Chew") as the Executive Chairman and Group Managing Director of the Company. Having regard to Mr. Ho's experience in developing strategy and bringing potential investments to the Group, the Company will engage Mr. Ho as an Advisor to the Executive Chairman and Group Managing Director to allow for continuity in on-going discussions for potential strategic investments by the Group.

The Company would like to express its appreciation to Mr. Ho for his services and contributions to the Company and the Group during his term of office.

The Sponsor, after having interviewed Mr. Ho, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr. Ho as an Executive Officer 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.)
Group Chief Executive Officer
Role and responsibilities
Responsible for driving the growth of the Group including accelerating the development of the Company's respective strategic offerings.
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?
Past (for the last 5 years)