Change - Announcement of Cessation::CESSATION OF APPOINTMENT AS DIRECTOR - CHAN KERN MIANG

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Feb-2024 00:54:10
Status
New
Announcement Sub Title
CESSATION OF APPOINTMENT AS DIRECTOR - CHAN KERN MIANG
Announcement Reference
SG240214OTHR8S3K
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Chan Kern Miang has tendered his resignation from his position as Non-Executive Non-Independent Director.

Note: Information disclosed herein is to the best knowledge of the Company as the Company is awaiting confirmation from Mr Chan on such information.

Additional Details

Name Of Person
CHAN KERN MIANG
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
13/02/2024
Detailed Reason (s) for cessation
Resignation from the his position as Non-Executive Non-Independent Director as the Company and Berlitz Marine Pte. Ltd. (which is an affiliate of Mr Chan Kern Miang) are no longer pursuing the strategic collaboration entered into on the terms of the Strategic Collaboration Framework Agreement dated 20 September 2023.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
17/10/2023
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non Independent Director
Role and responsibilities
Non-Executive and Non-Independent Director appointed in light of the former strategic collaboration entered into between the Company and Berlitz Marine Pte. Ltd. on the terms of the Strategic Collaboration Framework Agreement dated 20 September 2023. Mr Chan was to provide advice and guidance to the Company tapping on his advice and expertise in the Marine and Offshore industry.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
PT Red Planet Indonesia TBK
Red Planet Holdings Pte Ltd
Red Planet Holding (Korea) Pte Ltd
Red Planet Hotels Limited
Cahaya Towage Pte Ltd
Wecoy Energy Pte Lt
Wecoy Lines Pte Ltd
Wecoy Services Pte Ltd
Wecoy Marine Pte Ltd
Wecoy Holdings Pte Ltd
Berlitz Offshore Inc.
Metico Petrochemical Pte Ltd
Present
Berlitz Group of Companies, namely:

Berlitz Offshore Limited
Berlitz Continental Pte Ltd
Berlitz Marine Pte Ltd
Bes Sincere Pte Ltd
Bes Savvy Pte Ltd
Bes Power 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
Bes Trust (Japan) Ltd

Metco Marketing Pte Ltd
Link Well International Pte Ltd
Water Wheel Technologies Pte Ltd
Berlitz Offshore Sdn Bhd
Bes Offshore Integrated Sdn Bhd
Blue Ocean Services K Ltd
Aim Marine Assets Ltd
Ace International Marine Ltd
Metico Marine Pte Ltd
Link United International Pte Ltd
WS Resources Pte Ltd
PT Metico Mega Marin
Beetown World Ltd
One Water Group Ltd
Savannah Offshore Ltd Inc
Rising Sun Offshore Ltd
M&A (02) Pte Ltd
M&A (73) Pte Ltd
Oceanica Pte Ltd
Blue Equator Services Ltd