Change - Announcement of Cessation::Cessation of General Manager of Pos Ad Sdn. Bhd. and shopperplus Singapore Pte. Ltd.

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
20-Nov-2023 17:21:45
Status
New
Announcement Sub Title
Cessation of General Manager of Pos Ad Sdn. Bhd. and shopperplus Singapore Pte. Ltd.
Announcement Reference
SG231120OTHRTFL3
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 General Manager of Pos Ad Sdn. Bhd. and shopperplus Singapore Pte. Ltd.

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
May Kim Hui Yee
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2024
Detailed Reason (s) for cessation
Ms. May Kim Hui Yee ("Ms. Kim") has tendered her resignation as the General Manager of Pos Ad Sdn. Bhd. and shopperplus Pte. Ltd. to pursue other career opportunities.

Ms. Kim is currently serving her notice period pursuant to her employment contract, and her last day of employment with the Company will be 31 December 2023. In the meantime, Ms. Kim will continue to ensure smooth functioning of the operations of Pos Ad Sdn. Bhd. and shopperplus Singapore Pte. Ltd. until her last day of employment.

Following Ms. Kim's resignation, Ms. Chew Sue Ann ("Ms. Chew"), the Executive Chairman and Group Managing Director of the Company, will assume the role of General Manager for both Pos Ad Sdn. Bhd. and shopperplus Singapore Pte. Ltd.. Ms. Chew has extensive experience and expertise in the shopper marketing industry and will lead the subsidiaries' business operations.

After having interviewed Ms. Kim and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Kim as the General Manager of Pos Ad Sdn. Bhd. and shopperplus Singapore Pte. Ltd..

In addition, there are no concerns that the cessation is due to any financial reporting concerns or matters and there are no disagreements between Ms. Kim 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
01/02/2021
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
General Manager of Pos Ad Sdn. Bhd. and shopperplus Singapore Pte. Ltd.
Role and responsibilities
Ms. Kim oversees the sales, marketing, and operations of Pos Ad Sdn. Bhd. and the overall business and operations of shopperplus Singapore Pte. Ltd..
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Gazelle Activation Sdn. Bhd.
Present
Pos Ad Sdn. Bhd.