Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 87

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 10
Chunk 87
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By
special resolution, our Company may alter the Memorandum with respect to any objects, powers or other matters specified in it.

Ordinary
Shares

General.

Dividends.

Voting
Rights.

Any
ordinary resolution to be made by the shareholders requires the affirmative vote of a simple majority of the votes attaching to the Ordinary
Shares cast in a meeting, while a special resolution requires the affirmative vote of no less than two-thirds of the votes attaching
to the Ordinary Shares cast in a meeting.

A
special resolution will be required for important matters such as amending our memorandum and articles of association or changing the
name of the Company.

There
are no limitations on non-residents or foreign shareholders in the memorandum and articles of association to hold or exercise voting
rights on the Ordinary Shares imposed by foreign law or by the charter or other constituent document of our company. However, no person
will be entitled to vote at any general meeting or at any separate meeting of the holders of the Ordinary Shares unless the person is
registered as of the record date for such meeting and unless all calls or other sums presently payable by the person in respect of Ordinary
Shares in the Company have been paid.

Alternation
of capital.

  70  

  Table of Contents  

Transfer
of Shares.

Winding
Up; Liquidation.

(a)
if our Company is wound up and the assets available for distribution among the members of the Company are more than sufficient to repay
the whole of the capital paid up at the commencement of the winding up, then the excess shall be distributed pari passu among such members
in proportion to the amount paid up on the shares held by them respectively; and

(b)
if our Company is wound up and the assets available for distribution among the members as such are insufficient to repay the whole of
the paid-up capital, such assets shall be distributed so that, as nearly as may be, the losses shall be borne by the members in proportion
to the capital paid up on the shares held by them, respectively.

If
our Company is wound up (whether the liquidation is voluntary or compelled by the court), the liquidator may, with the sanction of a
special resolution and any other sanction required by the Companies Act, divide among the members in specie or kind the whole or any
part of the assets of our Company, whether the assets consist of property of one kind or different kinds, and the liquidator may, for
such purpose, set such value as he deems fair upon any