Change - Announcement of Cessation::Cessation of Financial Controller

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
16-Aug-2022 19:53:37
Status
New
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
SG220816OTHRH405
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 Financial Controller

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
Chow Siew Bee
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
01/09/2022
Detailed Reason (s) for cessation
Ms. Chow Siew Bee ("Ms. Chow") would relinquish her existing position as Financial Controller of the Company and would be re-designated as Head of Commercial Projects of the Company with effect from 1 September 2022 due to her health condition. Following the re-designation, Ms. Chow will no longer be an executive officer of the Company.

After having interviewed Ms. Chow 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. Chow as the Financial Controller of the Company.

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. Chow and the Board with regards to practices that would have an impact on the Company's and the Group's financial reporting.

The Company will appoint Mr. Siew Kok Yoong as the new Financial Controller of the Company with effect from 1 September 2022 and the announcement will be released by the Company separately.
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
01/01/2017
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.)
Financial Controller
Role and responsibilities
She is responsible for overseeing the financial and accounting functions of the Group, including financial reporting, internal controls and taxation.
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?
Yes
Shareholding Details
339,000 ordinary shares in the Company
Past (for the last 5 years)
N.A.
Present
Pusat Jagaan Hui Xue Sdn Bhd
Instanture Holdings Sdn Bhd