Jasper Investments Limited announced the cessation of Chan Kern Miang as Non-Executive Non Independent Director. 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. Reason 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.