Change - Announcement of Appointment::Appointment of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
JASPER INVESTMENTS LIMITED
Securities
JASPER INVESTMENTS LIMITED - SG1W79939920 - FQ7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Sep-2023 07:17:52
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer
Announcement Reference
SG230926OTHRTAMP
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)

Please see particulars of Ms Perlin Chan Aik Ju in relation to her appointment as the Chief Executive Officer of the Company and of the Group.

Additional Details

Date Of Appointment
17/10/2023
Name Of Person
PERLIN CHAN AIK JU
Age
34
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Having reviewed the qualifications and work experience of Ms Perlin Chan Aik Ju, the Board (upon the recommendation of the Nominating Committee) has approved the appointment of Ms Chan as the Chief Executive Officer of the Company and its subsidiary. With the commencement of the strategic collaboration between the Company and Berlitz Marine Pte Ltd as announced (in particular, the intention of parties to operate up to eight offshore support vessels), the Board is of the view that a person with the requisite expertise and knowledge in the marine and offshore industry would be necessary. In this regard, Ms Chan has been identified as a suitable candidate for consideration given her credentials, expertise, knowledge, qualifications and track record managing and operating the marine and offshore business.
Whether appointment is executive, and if so, the area of responsibility
Executive position. The area of responsibility includes leading the long-term and short-term strategies of the Group, envisioning and managing the overall direction and resources of the Group, leading the Group to a path of growth and returns. Main point of communication between the Board and the Management team.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Professional qualifications
First Class Honours Degree in Business Administration from University of Buffalo, New York.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Ms Chan is the daughter of Mr Chan Kern Miang who has been appointed to the Board as a Non-Executive and Non-Independent Director of the Company, such appointment to commence on 17 October 2023.
Conflict of interests (including any competing business)
Ms Chan and her family are owners of Berlitz and its group of companies (together, the Berlitz Group) which are in strategic collaboration with the Company, managing and operating vessels in the marine and offshore industry. To the extent that the business of Berlitz Marine Group overlaps with that of the Company and its subsidiary, appropriate protocols (as part of the internal control measures) would be put in place to mitigate any conflict or potential conflict of interests arising as a result of such overlaps.
Working experience and occupation(s) during the past 10 years
Ms Chan started her career in OCBC Bank in 2009 and was a Manager in Enterprise SME Banking until 2010. She was responsible for bringing in SME corporate loans sales for the bank, and was the top salesperson consecutively for three quarters.

From 2011 to 2012, Ms Chan took on the role of Community Manager of Zodio, a technology start up based in Thailand. She quickly grew user base from 0 to 200,000 in 10 months in addition to building a community of active users.

Ms Chan joined Berlitz Marine and Offshore Group in 2013 and was its Procurement Manager till 2016. Her scope of responsibility includes building strategic relationships with key suppliers, creating and maintaining service agreements, and taking full profit and loss responsibility for the Procurement team.

Taking on a larger responsibility within the Berlitz Marine & Offshore Group, Ms Chan took on the role of Deputy Chief Executive Officer in January 2017 and remained as such till present. She is in charge of financial and operational excellence of the Berlitz Marine Group, leading the geographical expansion of the group, stabilizing the operations of the group in times of crisis. She is accountable for the day-to-day activities and overall commercial activities and strategic partnerships and mergers and acquisitions activities of the group.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Red Planet Hotels Limited
Blue Equator Holdings Pte Ltd
W S Resources Pte Ltd
Present
M & A (02) Pte Ltd
Berlitz Continental Pte Ltd
Berlitz Marine Pte Ltd
Bes Sincere Pte Ltd
Bes Savvy Pte Ltd
Bes Power Pte Ltd
Bes Solar Pte Ltd
Bes Sparkle Pte Ltd
Bes Regent Pte Ltd
Bes Trust Pte Ltd
Berlitz Services Pte Ltd
Oceanica Pte Ltd
Blue Equator Services Ltd
AIM Marine Assets Ltd
ACE International Marine Ltd
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Arrangement will be made for Ms Chan to attend the Listed Entity Director Programme conducted by Singapore Institute of Directors. Pending attendance at the aforesaid programme, arrangement will be made for the legal counsel of the Company to provide an initial briefing on the roles and responsibilities of a director an an entity listed on the Singapore Exchange Securities Trading Limited.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
N.A.