Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 75

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 6
Chunk 75
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 on behalf of all
of our Directors and members of senior management for their services, in all capacities, and we did not pay any additional compensation
to our Directors and members of senior management. We have not set aside or accrued any amount to provide pension, retirement or other
similar benefits to our Executive Officers and Directors.

C.
Board Practices.

Our
Board of Directors consists of five Directors, three of whom are independent Directors. A director is not required to hold any shares
in our Company to qualify to serve as a director. The Corporate Governance Rules of the Nasdaq generally require that a majority of an
issuer’s board of directors must consist of independent directors, and our Board of Directors shall have three directors who are
“independent directors” as defined under the Nasdaq rules. The full Board of Directors exercises oversight on the Company’s
cybersecurity and data management matters, including with respect to cybersecurity risks relating to our suppliers, service providers,
and our other supply chain partners. These topics are raised by the Board twice every year. The Company obtained ISO 27001 certification
in May 2023.

Committees
of the Board of Directors

We
have established an audit committee, a compensation committee and a nominating and corporate governance committee under our Board of
Directors. We have adopted a charter for each of the three committees upon the SEC’s declaration of effectiveness of our registration
statement on Form F-1 (File No. 333- 271067) originally filed with the Securities and Exchange Commission on April 3, 2023, as amended.
Each committee’s members and functions are described below.

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  Table of Contents  

Audit
Committee.

Our
audit committee consists of Mr. Chua Yeow Tong, Mr. Guo Longjin and Mr. Tang Shaun Youwei and is chaired by Mr. Tang Shaun Youwei. We
have determined that each member of our Audit Committee will satisfy the requirements of Section 303A of the Corporate Governance Rules/
Rule 5605(c)(2) of the Listing Rules of the Nasdaq and meet the independence standards under Rule 10A-3 under the Securities Exchange
Act of 1934, as amended. We have determined that Mr. Tang Shaun Youwei qualifies as an “audit committee financial expert.”
The Audit Committee oversees our accounting and financial reporting processes and the audits of the financial statements of our Company.
The Audit Committee is responsible for, among other things:

  reviewing and recommending to our board for approval