Jason Marine : Annual Report 2023

JASON MARINE GROUP LIMITED

STRATEGISE

FOCUS

SUSTAIN

Annual Report

2023

JASON MARINE GROUP LIMITED	CONTENTS
In the face of global energy demand as well as transition to renewable	1	Corporate Profile
solutions, the prospects for the offshore renewable energy market
holds immense potential. However, headwinds persist in this evolving	8	Chairman's Statement
landscape, which poses challenges on the market environment.
	11	Geographic Reach
Nonetheless, Jason Marine Group ("Jason Marine" or the "Group")
remains undeterred by the challenges, and continue to forge the	12	Board of Directors
path in becoming a global world class sustainable solution partner in
marine electronics. Our unwavering dedication is guided by our core	17	Corporate Structure
values of character, competence and commitment.
	18	Management Team
While we remain steadfast in our pursue for growth, we are vigilant to
the threats that businesses face in today's environment. Cybersecurity	20	Financial & Operations Review
is a paramount focus for us, and we are continuously improving our
measures to fortify our infrastructure. Equipping our employees with	23	Service Centres
the necessary knowledge and skills is equally important to effectively
mitigate the cyber risks. We believe that by staying proactive in this	24	Corporate Information
digital era, we will be able to enhance the trust of our customers and
stakeholders in Jason Marine, further strengthening our competitive	25	Sustainability Report
edge as a telecom system integrator for the global maritime industry.

Sustainability lies at the core of our business, especially in the area of climate risks. We have always placed a high level of importance on integrating sustainability into our business operations, and we continue to enhance our sustainability efforts through various initiatives. By embedding sustainable practices in our operations, we believe it can educate and raise more awareness to our employees as well as to other stakeholders. We firmly believe that even small individual contributions, when combined, can make a significant impact.

At Jason Marine, we are resolute in our commitment to navigating the challenges of the marine and offshore oil & gas industry. By prioritising cybersecurity and sustainability, we are confident in our ability to deliver innovative solutions that meet the needs of our customers while contributing to a better future for all.

This annual report has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This annual report has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this annual report, including the correctness of any of the statements or opinions made, or reports contained in this annual report. The contact person for the Sponsor is Mr David Yeong at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, Telephone [phone].

Annual Report 2023

p. 01

CORPORATE PROFILE

Jason Marine Group Limited ("Jason Marine" or the "Company") has earned its reputation as a distinguished marine telecom system integrator and an exceptional support services provider, catering to the dynamic marine and offshore oil & gas sectors.

The Company and its subsidiaries (the "Group") have consistently exhibited an unwavering commitment to delivering value, prioritising safety, and efficiency. This dedication has propelled Jason Marine to the forefront of Singapore's marine industry and fostered enduring partnerships with a diverse, global clientele.

Established in 1976 and anchored in Singapore, Jason Marine has strategically expanded its footprint to include China, Indonesia, Malaysia, Thailand and Europe. The Company offers an extensive portfolio of premium supplies sourced from eminent manufacturers while continually enriching its product line-up to exceed the sophisticated demands of its customers.

Leveraging its extensive expertise in marine communication, navigation, and automation systems, the Group is uniquely positioned to provide all-encompassing,one-stop solutions. These solutions encompass design, supply, integration, installation, testing, commissioning, and maintenance, ensuring a seamless customer experience. To further augment its communications business, Jason Marine also offers specialized certification services and a range of satellite airtime services.

VISION

To be a Global World Class Company in Marine Electronics

MISSION

Enhancing the well-being of the marine community by providing unparalleled solutions and services on communications and navigational safety

VALUES

CHARACTER COMPETENCE COMMITMENT

>	Integrity and honesty	>	Excellent quality work
>	Positive attitude	>	Deliver expected results
>	Excellent teamwork	>	Innovation and creativity

• Passion and drive
• Walk the extra mile
• Seek opportunities

STRATEGISE FOR GROWTH

We continue to expand our overseas presence, forge strategic partnerships and leverage on technology to enhance our services to our customers and stay ahead in a competitive market.