Major Shareholder Information

JS Asset Management Pte. Ltd. (Former name JS Oil Pte. Ltd.) is a private limited company incorporated under the laws of the Republic of Singapore. It has an issued and paid-up share capital of 10,000 Singapore Dollars. Its main business activity is investment holding. JS Asset Management Pte. Ltd. has a sole shareholder, Mr. Lee Chye Tek Lionel, who acquired the 24.98% shareholding in the Company through JS Asset Management Pte. Ltd.

Mr. Lee Chye Tek Lionel is a well-regarded Singaporean entrepreneur who heads Ezra Holdings Limited (“Ezra”), an offshore oil and gas services company listed on the Mainboard of the Singapore Exchange Securities Trading Limited. He has grown Ezra and other SMEs into world-class, global players with listings in Singapore, Norway and Malaysia with a total market capitalization of nearly US$2 billion, with over 5,000 staff worldwide.

In recent years, Mr. Lee Chye Tek Lionel has further diversified his interests into real estate and hotel management with the successful development of Tower 15, an impressive 30-storey, high-rise skyscraper in Singapore’s central business district that is now home to many well-known oil and gas companies, boutique hotel Klapsons, and popular sky-terrace bar Fabrika.

Klapsons is managed by Wisteria Hotel Management Pte Ltd, a subsidiary of Mr. Lee Chye Tek Lionel’s family-owned Jit Sun Investments.

Mr. Lee Chye Tek Lionel intends to work closely with the Company and its management team in identifying opportunities for growth in Thailand and in the Asia Pacific region.