Jasper Investments Limited announced that as disclosed in the earlier announcements made by the Company, the Board has appointed Mr. See Seng Kee Shaun as a Non-Independent and Non-Executive Director of the Company and Mr. Nor Azuan bin Jaffar as an Executive Director of the Company with immediate effect. Further, with
the cessation of appointment of Mr. Lai Wing Chong, Kenneth, as Chief Executive Officer and as an Executive Director of the Company (as noted below), the composition of the Board shall be as follows with immediate effect: See Seng Kee Shaun (Non-Executive Non-Independent Director) and Nor Azuan bin Jaffar (Executive Director). With a view towards putting in place a management team that has the relevant skills set and experience to better lead in the operations of the Company and its subsidiary (the 'Group') going forward, the Board has requested Mr. Wu Fengji Steven to step forward as Executive Director and Acting Chief Executive Officer of the Group and, with the agreement of Mr. Wu, the Board has put into immediate effect the re-designation. In addition, the Board has also appointed Mr. Nor Azuan Bin Jaffar as an Executive Director and Chief Operating Officer of the Group with immediate effect. In light of the cross-border nature of the work assignments and projects that the Group is currently looking at and given the international and operational level experience and track record of more than 15 years (including his previous roles involving the customs and international tax). Mr. Nor Azuan Bin Jaffar's previous role was as Tax Collector, Malaysian Customs, a role that he held for more than 6 years. The Board further announced the cessation of the appointment of Mr. Lee Wei Liang (Li Weiliang) as the Chief Operating Officer of the Group. Their final day with the Group is 31 August 2022 and they will be on leave till then. Accordingly, the Board announced that the Board and Board committees will be reconstituted as follows: Mr. See Seng Kee Shaun as member of Audit Committee and Nominating Committee, Mr. Rajan Ganapathy as Chairman of Remuneration Committee, Mr. Frederick R. Walsh, Jr and Mr. See Seng Kee Shaun as members of Remuneration Committee.