Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 90

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 10
Chunk 90
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 of its powers to committees consisting
of such Director(s) or other person(s) as the Board thinks fit, and from time to time it may also revoke such delegation or revoke the
appointment of and discharge any such committees either wholly or in part, and either as to persons or purposes, but every committee
so formed shall, in the exercise of the powers so delegated, conform to any regulations that may from time to time be imposed upon it
by the Board.

Shareholder
Proposals.

Approval
of Corporate Matters by Written Consent.

Under
the Companies Act, a copy of any special resolution must be forwarded to the Registrar of Companies in the Cayman Islands within 15 days
of being passed.

An
ordinary resolution, by contrast, is a resolution passed by a simple majority of the votes of such members of the company as, being entitled
to do so, vote in person or, in the case of members which are corporations, by their duly authorized representatives or by proxy at a
general meeting of which notice has been duly given.

A
resolution in writing signed by or on behalf of all members shall be treated as an ordinary resolution duly passed at a general meeting
of the company duly convened and held, and where relevant as a special resolution so passed.

C.
Material Contracts.

We
have not entered into any material contracts other than in the ordinary course of business and other than those described in this Annual
Report.

D.
Exchange controls.

There
is no exchange control regulations or currency restrictions in effect in the Cayman Islands.

E.
Taxation.

The
following are material Cayman Islands tax, Singapore tax and U. S. federal income tax considerations relevant to an investment in our
Shares. This discussion does not address all of the tax consequences that may be relevant in light of the investor’s particular
circumstances. Potential investors should consult their tax advisers regarding the Cayman Islands Singapore, U. S. federal, state and
local, and non-U. S. tax consequences of owning and disposing of our Shares in their particular circumstances.

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  Table of Contents  

Cayman
Islands Tax Considerations

Pursuant
to Section 6 of the Tax Concessions Act (Revised) of the Cayman Islands, our Company has obtained an undertaking from the Financial Secretary:
(a) that no law which is enacted in the Cayman Islands imposing any tax to be levied on profits, income, gains or appreciations shall
apply to our Company or its