Jason Marine : Annual Report 2021

JASON MARINE GROUP LIMITED

CHARTING A SUSTAINABLE

FUTURE Annual Report 2021

OUR MISSION

ENHANCING THE WELL-BEING OF THE MARINE COMMUNITY BY PROVIDING UNPARALLELED SOLUTIONS AND SERVICES ON COMMUNICATIONS AND NAVIGATIONAL SAFETY

CORPORATE

PROFILE

Jason Marine Group Limited ("Jason Marine" or the "Company") is a leading marine electronics systems integrator and support services provider for the marine and offshore oil & gas industries. The Company and its subsidiaries ("Jason Marine Group" or the "Group") have established a track record of delivering quality results safely and efficiently which has enabled it to become one of the industry's key players in Singapore and forge lasting relationships with a global customer base.

Established in 1976 with its headquarters in Singapore, Jason Marine has since expanded to Indonesia, Malaysia, Thailand and China. It carries an extensive range of supplies from renowned manufacturers and continues to add products chosen to meet customers' exacting requirements.

The Group's proven expertise in marine communication, navigation and automation systems enables it to offer one-stop solutions that span design, supply, integration, installation, testing, commissioning and maintenance. Jason Marine also provides certification services and sells satellite airtime services to complement its communications business.

	CHARACTER
	INTEGRITY AND HONESTY
	•
	POSITIVE ATTITUDE
COMPETENCE	•
EXCELLENT TEAMWORK
EXCELLENT QUALITY WORK
•
DELIVER EXPECTED RESULTS
•
INNOVATION AND
CREATIVITY
	OUR VALUES

OUR VISION

TO BE A GLOBAL WORLD

CLASS SUSTAINABLE

SOLUTION PARTNER IN

MARINE ELECTRONICS

01

ANNUAL REPORT 2021

COMMITMENT

PASSION AND DRIVE

•

WALK THE EXTRA MILE

•

SEEK OPPORTUNITIES

Strategies and the degree of digital transformation vary between different

companies and industries. In our digitalisation journey, Jason Marine Group has adhered to key principles which have enabled us to grow in tandem with our clients' aspirations.

These principles are embodied in our core values of character, competence and commitment which we have carefully nurtured over the years in a supportive environment and culture that encourages innovation, skill development, inclusiveness and empathy.

CONTENTS

08

Chairman's Statement

1 1

Our Geographic Reach

12

Board of Directors

Our unwavering commitment to excellence means that we are constantly adding to our capabilities and service standards to stay relevant to our customers in the marine, petrochemical and energy sectors as they evolve and transform to respond to market demand driven by digitalisation and decarbonisation. We believe that these trends will present exciting prospects for the Group to provide customised and novel integrated ICT solutions, and expand our reach beyond Asia.

Although COVID-19 has reset the 'norm' in our day-to-day living, the pandemic has strengthened our resolve to continue delighting our customers, developing our people and unlocking connections to new business opportunities as we chart a rewarding and sustainable future for Jason Marine Group, our stakeholders and the communities where we have a presence.

14

Management Team

16

Financial & Operations Review

1 9

Corporate Structure

20

Corporate Information

21

Sustainability Report

This annual report has been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor") in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. This annual report has not been examined or approved by the 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 Ms Tan Cher Ting, Director, Investment Banking, CIMB Bank Berhad, Singapore Branch, at 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone [phone].

What is done in love

is done well.

VINCENT VAN GOGH

03

ANNUAL REPORT 2021

LISTENING...

T O O U R C U S T O M E R S ,

O U R P E O P L E

WE HAVE NEVER

STOPPED

LISTENING SINCE OUR

FOUNDING 45 YEARS AGO

• SO THAT WE ARE ABLE TO SUPPORT OUR CUSTOMERS WELL IN THEIR OPERATIONS,

WHILE MEETING THE

ASPIRATIONS AND CARING

FOR THE SAFETY AND

WELFARE OF OUR PEOPLE.