Change - Announcement of Appointment::APPOINTMENT OF EXECUTIVE DIRECTOR AND ACTING CEO

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
06-Jun-2022 07:28:44
Status
New
Announcement Sub Title
APPOINTMENT OF EXECUTIVE DIRECTOR AND ACTING CEO
Announcement Reference
SG220606OTHRMZ77
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 Wu Fengji, Steven, has been redesignated as an Executive Director and Acting Chief Executive Officer of the Group.

Additional Details

Date Of Appointment
06/06/2022
Name Of Person
Wu Fengji
Age
38
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
22/09/2020
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Having reviewed his qualifications and work experience (in particular, his involvement with the marine and shipping industry, carriage of aggregates), as well as his past contributions to the Group, the nomination committee and the board of directors of the Company approved the re-designation of Wu Fengji, Steven as non-independent and non-executive director of the Company to be the Acting Chief Executive Officer and Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. Acting Chief Executive Officer and Executive Director.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Acting Chief Executive Officer
Professional qualifications
BEng (Hons) in Naval Architecture with Marine Engineering
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
None
Conflict of interests (including any competing business)
Mr Wu is a director and shareholder of Barten Construction and Trading Pte. Ltd. and its group of companies as well as Wing Seng Company Limited which are counter parties to certain collaboration and project management agreements that the Company is a party to. Should any conflict of interests or potential conflict of interests arise in connection with any agreements entered into with any of such entities in which Mr Wu is interested, the Board will ensure that Mr Wu recuses from participating in any discussions or decision-making concerning such agreements and matters relating to the same.
Working experience and occupation(s) during the past 10 years
1. Director of Barten Construction & Trading Pte. Ltd.
- Incorporated in 2017
- Engaging in stevedoring operations
- Supplier of Basic Construction Materials, i.e. River Sand, Sea Sand, Coarse & Fine Aggregates

2. Director of Barten Marine Co. Pte. Ltd., formally known as Seven Seas Marine Services Pte Ltd
- Incorporated in 2012
- Provide marine operations support and cargo survey services
- Project Implementation, Coordination and Liaising with Stakeholders
- Shipbroker and Charterer of Tug n Barges, Bulk Carriers

3. Director - Wing Seng Company Ltd.
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)
None
Present
1. Director - Barten Construction and Trading Pte. Ltd.
2. Director - Barten Marine Co. Pte. Ltd.
3. Director - Wing Seng Company 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?
Yes
If Yes, Please provide details of prior experience
Wu Fengji, Steven is already a director of the Company
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.