Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 82

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 7
Chunk 82
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ITEM
7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A.
Major Shareholders.

Please
refer to “ Item 6. Directors, Senior Management and Employees - E. Share Ownership.”

B.
Related Party Transactions

The
following is a summary of transactions since 2018 to which we have been a party and in which any members of our Board of Directors, any
Executive Officers, or Major Shareholder had, has or will have a direct or indirect material interest, other than compensation arrangements
which are described under the section of this Report captioned “ General Information on our Group - Management

CHONG
Jiexiang Aloysius, our Chief Executive Officer during the relevant period, received a salary of approximately US$149,000 in 2024, US$190,000
in 2023 and US$123,000 in 2022.

Related
Party Transactions with Subsidiaries

The
table below sets forth the major related parties and their relationships with the Company as of December 31, 2024, 2023 and 2022:

  Name of related parties                       Relationship with the Company             Transaction                                                                Transaction                                                         
                                                                                                                                                                     Amount                                                              
                                                                                                                                                                     2022(S$)                        2023(S$)                            
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Weishen Industrial Services Pte. Ltd.(1)      Subsidiary of WIS Holdings Pte. Ltd.      Sales of Robots and Software to Weishen Industrial Services Pte. Ltd.                       3,211,834                    483,083      353,596  
  Poo                                           Beneficial                                Loan                                                                                        -                            100,000       73,196  

1)
IFSC (and its subsidiary Gaussian Robotics Pte. Ltd.) supplies the SIMPPLE Ecosystem products and services to Weishen. Weishen
is a wholly owned subsidiary of WIS Holdings Pte. Ltd. (“ WIS”). The SIMPPLE Ecosystem was utilized by Weishen as an integrated
technology solution to serve Weishen’s end clients.

Where
software services under SIMPPLE Ecosystem were supplied, revenue was recognized based on the actual service provided to the end of the
reporting period as a proportion of the total services to be provided. Payments for services rendered are not due from the customer until