Change - Announcement of Cessation::Cessation of Chief Executive Officer of Pos Ad Sdn Bhd and ShopperPlus Sdn Bhd

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
10-Jun-2019 12:09:46
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer of Pos Ad Sdn Bhd and ShopperPlus Sdn Bhd
Announcement Reference
SG190610OTHRF3ZM
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)
This announcement has been prepared by shopper360 Limited 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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 0485i44, telephone (65) 6636 4201.

Additional Details

Name Of Person
Tan Swee Seng
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
12/06/2019
Detailed Reason (s) for cessation
To pursue other career opportunities.

The Company would like to express its appreciation to Mr Tan Swee Seng for his services and contributions to the Company during his term of office. The Company will search for a suitable replacement and will announce the appointment via SGXNET in due course. In the interim, the Group Chief Executive Officer, Matthew Ho will assume the roles and responsibilities of Mr Tan Swee Seng for Pos Ad Sdn Bhd, whilst Ms. Lee Jun Ling, General Manager of Business Development will assume the responsibilities for the business of ShopperPlus Sdn Bhd.

The Sponsor, after having interviewed Mr Tan Swee Seng, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Tan Swee Seng 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?
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
03/09/2018
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer of Pos Ad Sdn Bhd and ShopperPlus Sdn Bhd
Role and responsibilities
Responsible for the respective companies' strategic planning and management, as well as administration and operations. He was also responsible for spearheading the business development function to drive sales for both Pos Ad Sdn Bhd and ShopperPlus Sdn Bhd.
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)
Nil
Present
Nil