Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 56

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 4
Chunk 56
---
 WSHIR, where an employee meets with an accident at a workplace on or after September 1, 2020, and the employee
is certified by a registered medical practitioner or registered dentist to be unfit for work, or to require hospitalization or to be
placed on light duties, on account of the accident, the employer shall submit a report to the Commissioner of the accident within 10 days
after the date the employer first has notice of the accident.

Being
an employer in Singapore, IFSC is required to adhere to the WSHIR reporting requirements in the situation where any accident at IFSC’s
office premises or workplace occurs which results in the injury or death of any employee.

IFSC
has never been required to submit any such report under Regulation 4 of the WSHIR and has only submitted 1 report under Regulation 6
of the WSHIR since 2020.

  44  

  Table of Contents  

Work
Injury Compensation Act 2019 of Singapore (“ WICA”)

WICA
provides that if any employment personal injury by accident arises out of and in the course of employment is caused to an employee, the
employer shall be liable to pay compensation in accordance with the provisions of WICA. Any employer who fails to insure himself
in accordance with WICA shall be guilty of an offence and shall be liable to, on conviction, a fine not exceeding S$10,000 or to imprisonment
for a term not exceeding 12 months or to both.

In
this regard, IFSC, being an employer in Singapore, has obtained a contract for insurance in accordance with WICA. In the past 3 years,
none our employees has experienced a workplace injury that is subject to WICA jurisdiction.

Employment
Act 1968 of Singapore (the “ Employment Act”)

The
rights of all employees employed under a contract of service with our subsidiaries are governed under the Employment Act in particular,
their rights to annual leave, sick leave and maternity leave, amongst others. In respect of (a) workmen who receive salaries not
exceeding S$4,500 a month and (b) employees (other than workmen or persons employed in a managerial or an executive position) who
receive salaries not exceeding S$2,600 a month, the Employment Act governs additional aspects of their conditions of service such as hours
of work, overtime and rest day, amongst others.

All
employees of IFSC are covered under the Employment Act and granted the