Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 51

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 4
Chunk 51
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PPLE Ecosystem. Depending on the client’s requirements, we may
charge our clients for (1) a one-time professional services fee for project set-up, testing, training and commissioning; and/or (2) recurring
Software-as-a-Service (“ SaaS”) user license subscription fees.

Salient
Terms of Purchase Orders

Our
purchase orders typically include the following terms:

Billed
Address and Shipping Address.

Payment
terms.

Item
and Quantity.

OUR
MAJOR CUSTOMERS

Our
major customers, which accounted for 5.0% or more of our total revenue for FY 2024, 2023 and 2022 are as follows:

                                                                                                                       Percentage of total revenue (%)                  
  Customer                                      Service provided                                                       FY 2024                                          
  Changi Airport Group (Singapore) Pte Ltd      Simpple Plus Robotics                                                                                       -       -   
  ISS Facility Services                         Simpple Software, Simpple Plus IoT Sensors, Simpple Plus Robotics                                           11      5   
  Weishen Industrial Services                   Simpple Software, Simpple Plus IoT Sensors, Simpple Plus Robotics                                           7       49  
  Klenco                                        Simpple Plus Robotics                                                                                       15      15  
  SMRT Corporation Ltd                          Simpple Software, Simpple Plus IoT Sensors, Simpple Plus Robotics                                           38      -   
  Patec Pte Ltd                                 Simpple Plus Robotics                                                                                       -       5   

From
2021 onwards, the Company sought to distribute its products and services through distributors to widen the customer base. In addition,
the company also onboarded more key accounts from the list of FM02-L6 contractors such as ISS Facility Services, which helped the company
scale faster.

Except
as disclosed above, our Directors are of the view that, as of December 31, 2024, our business and profitability are not materially dependent
on any of our customers. To the best of our Directors’ knowledge, we are not aware of any information or arrangement which would
lead to a cessation or termination of our current relationship with any of our major customers.

As
at the date of this report, none of the Directors or Major Shareholders of our Company or their respective associates has any interest,
direct or indirect, in any of our customers, except where disclosed elsewhere in this report.

None
of these persons or entities owns 5% or more of our Shares; and all our customer contracts with the