Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 61

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 4
Chunk 61
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, subject to adjustment therein
(collectively, the “ Securities”). Each Warrant will be exercisable on or after December 31, 2024 and will expire on December
31, 2027, the third year anniversary of the initial exercise date therein.

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On
13 September 2024, the Company implemented an employee share incentive plan, the aggregate maximum number of unrestricted shares reserved
and available for grant and issuance under the plan shall be 3,293,000 shares. As of the date of issuance of these financial statements,
a total of 2,400,000 shares have been granted and issued to three consultants under this plan, at an exercise price of $0.35 per share,
in consideration for services rendered.

On
March 15, 2025, the Company resolved that

  (iii)      no fractional shares be issued in connection with the                                                                                     
             share consolidation and, in the event that a shareholder would otherwise be entitled to a fractional share upon the share consolidation,  
             the total number of shares to be received by such shareholder may be rounded up to the nearest whole number, with effect from 13          
             December 2024; and                                                                                                                        
  (iv)       as a consequence of the above, the authorised share                                                                                       
             capital of the Company will be changed with effect from 13 December 2024:                                                                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  (i)        18,625,961 issued ordinary shares                                                                                                         
  (ii)       481,374,039 authorized but unissued ordinary shares                                                                                       
             FROM: US$50,000 divided into 500,000,000 ordinary                                                                                         
             TO: US$50,000 divided into 62,500,000 ordinary                                                                                            

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D.
Property, plant and equipment.

We
do not own any real property.

Our
principal place of business is 71 Ayer Rajah Crescent #03-07/08/09, Singapore 139951, where we lease approximately 2,959 square feet
of office space. We also further leased offices at 71 Ayer Rajah Crescent #03-06, Singapore where we lease approximately 976 square feet
of office space. Our offices are leased under two leases which both expire on November 2, 2025. We believe that our