BOARD OF DIRECTORS

MR. MICHAEL PIXLEY

(INDEPENDENT NON-EXECUTIVE CHAIRMAN)

Mr. Pixley joined the Company as an Independent Non- Executive Chairman on 6 August 2020. He was appointed as the Chairman of the Remuneration Committee and member of the Audit and Nominating Committees on the same day.

Mr. Pixley has over 35 years of Merchant Banking experience in the Austral-Asian Region across a broad range of industries from property to biotechnology and mining. 23 years of which was based in Singapore firstly in private banking for a large European merchant bank, then employment within a significant Asian family office prior to returning to investment banking to head up an Australian Boutique Investment Bank office in Singapore. Mr. Pixley returned to Australia in 2003 to drive the IPO of a private biotechnology company which he co-founded in Singapore. Michael has exhibited strong leadership and management in roles from CEO to board positions in a range of public listed and private companies all with a strong Asian connection.

Mr. Pixley has a Bachelors Degree in Business Management from Curtin University Perth, Australia.

MR. WINSTON MILNER

(INDEPENDENT NON-EXECUTIVE DIRECTOR)

Mr. Milner joined the Company as an Independent Non- Executive Director on 6 August 2020. He was appointed as the Chairman of the Nominating Committee and member of the Audit and Remuneration Committees on the same day.

Mr. Milner is also the Director of the NBOGroup. He comes with over two (2) decades of successful corporate career in a variety of roles from Engineering, Business Development, Sales & Marketing to Senior Management. He has been based in Hong Kong, Indonesia and Singapore, where his territorial responsibilities covered the Asia Pacific region, with a variety of clients from private enterprises to governments. Mr. Milner has worked for several leading multinational corporations, prior to joining the NBOGroup. As the Regional Business Development Director at Embraer, he led this team to win Asia’s largest sale of 42 commercial aircrafts to Virgin Blue Airlines in Australia. At United Technologies (Pratt & Whitney) Maintenance and Overhaul facility, he was the General Manager of Sales & Marketing. He was then Regional Vice President for Roll- Royce’s subsidiary involved in advanced equipment and power plant health monitoring analytics for the aviation, marine, energy and civil nuclear industries.

Beyond his corporate experience, Mr. Milner is active in humanitarian, social and educational causes. He sits on the Board of the Singapore Red Cross (SRC). He is the SRC’s Human Resources and Compensation Committee’s former Chairman and current member. He is appointed to the UNESCO Singapore Botanic Gardens World Heritage Site Management Committee. He was the former Chairman and current Vice-Chairman of the Tanglin Neighbourhood Committee. He has also served as a member on the International Advisory Board of the University of Birmingham’s Business School.

Mr. Milner holds a Masters in Business Administration (MBA) from the University of Birmingham. He also holds international certification as a DISC facilitator. He is a member of the Singapore Institute of Directors.

DATO’ KUNALBIR SINGH CHAHL

(INDEPENDENT NON-EXECUTIVE DIRECTOR)

Dato’ Kunal joined the Group as an Independent Non-Executive Director on 19 February 2021. He was appointed as the Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees.

Dato' Kunal has more than 20 years of experience in South-East Asia, first as a lawyer in Kuala Lumpur and Singapore, and then as a financial services professional, having held roles such as Director of Investments at Merrill Lynch, Managing Director at Stormharbour Securities and Chief Operating Officer at Hera Capital Partners. This has led to his development of a broad network of senior-level relationships across the Asia-Pacific region's financial services, corporate, private equity, investment management, legal, governmental and regulatory landscape.

Dato' Kunal has been a legal and financial advisor to businesses and investors across South-East Asia for more than two decades and he possesses a strong track record in all aspects of the investment banking, private equity and investment management transactional life cycle. He has been very involved in South-East Asian deal sourcing and origination, deal screening, evaluation and due diligence, transaction management and deal execution to post-investment portfolio management, monitoring and exits throughout his career.

Dato’ Kunal graduated with a law degree from the London School of Economics and Political Science and he has a Master’s Degree in Banking & Finance Law from King’s College London. He is also a qualified Barrister-at-Law (England & Wales) as well as an Advocate & Solicitor of the High Court of Malaya.

MR. CHARLES MADHAVAN

(EXECUTIVE DIRECTOR & CHIEF EXECUTIVE OFFICER)

Mr. Madhavan was appointed by the shareholders as an Executive Director during an Extraordinary General Meeting (“EGM”) held on 9 January 2020. He was further appointed as the Chief Executive Officer of the Company on the same day. Mr. Madhavan is responsible for the strategic development of the Group’s business.

Mr. Madhavan has over 40 years of managerial, technical and on-shore, off-shore field operational experience with major global oil and gas corporations in various parts of the world. Mr. Madhavan started his career as a diver and welder at Vosper Thornycraft Shipyard operating in the shipbuilding industry. Mr. Madhavan would later join the Republic of Singapore Navy for a military career as a diving supervisor for a period of five (5) years. From 1980 to 1996, Mr. Madhavan had served in major oil and service companies in Africa, Southeast Asia, Middle East and Mediterranean like Amoco Egypt, Atlantic Richfield, Oceaneering Int’, Unocal Limited, and General Offshore Corporation/Hamstoft Submarine Cable Systems, a subsidiary of Cable & Wireless. In 2000, Mr. Madhavan became the executive director of Blue Water Engineering Pte Ltd, where he was responsible for managing the operations and business.

Mr. Madhavan was previously an Executive Director of GSS Energy Limited in 2015, an SGX-listed company in Singapore. Mr. Madhavan was also previously a Managing Director of the Company in 2018, where he was responsible for strategic development of the Group’s business.

Mr. Madhavan’s previous directorships also included stints at private companies at Java Petral Energy Pte Ltd, International Investments Technology Pte Ltd, and Nusantara Resources Pte Ltd. Mr. Madhavan is presently serving companies like Idola Cakrawala International Pte Ltd, Bumi Oriental Energy (Singapore) Pte Ltd (formerly known as White & Brown Holdings Pte Ltd), Ekamaro Sakti (S) Pte Ltd (formerly known as MOS Subsea Pte Ltd) and Blue Water Engineering Pte Ltd as a director.

Mr. Madhavan is a substantial shareholder of the Company, having a collective deemed interest of 5.5% of the ordinary shares in the Company.

KEY MANAGEMENT

MR. CHARLES MADHAVAN

EXECUTIVE DIRECTOR & CHIEF EXECUTIVE OFFICER

Mr. Madhavan was appointed by the shareholders as an Executive Director during an Extraordinary General Meeting (“EGM”) held on 9 January 2020. He was further appointed as the Chief Executive Officer of the Company on the same day. Mr. Madhavan is responsible for the strategic development of the Group’s business.

Mr. Madhavan has over 40 years of managerial, technical and on-shore, off-shore field operational experience with major global oil and gas corporations in various parts of the world. Mr. Madhavan started his career as a diver and welder at Vosper Thornycraft Shipyard operating in the shipbuilding industry. Mr. Madhavan would later join the Republic of Singapore Navy for a military career as a diving supervisor for a period of five (5) years. From 1980 to 1996, Mr. Madhavan had served in major oil and service companies in Africa, Southeast Asia, Middle East and Mediterranean like Amoco Egypt, Atlantic Richfield, Oceaneering Int’, Unocal Limited, and General Offshore Corporation/Hamstoft Submarine Cable Systems, a subsidiary of Cable & Wireless. In 2000, Mr. Madhavan became the executive director of Blue Water Engineering Pte Ltd, where he was responsible for managing the operations and business.

Mr. Madhavan was previously an Executive Director of GSS Energy Limited in 2015, an SGX-listed company in Singapore. Mr. Madhavan was also previously a Managing Director of the Company in 2018, where he was responsible for strategic development of the Group’s business.

Mr. Madhavan’s previous directorships also included stints at private companies at Java Petral Energy Pte Ltd, International Investments Technology Pte Ltd, and Nusantara Resources Pte Ltd. Mr. Madhavan is presently serving companies like Idola Cakrawala International Pte Ltd, Bumi Oriental Energy (Singapore) Pte Ltd (formerly known as White & Brown Holdings Pte Ltd), Ekamaro Sakti (S) Pte Ltd (formerly known as MOS Subsea Pte Ltd) and Blue Water Engineering Pte Ltd as a director.

Mr. Madhavan is a substantial shareholder of the Company, having a collective deemed interest of 5.5% of the ordinary shares in the Company.

MANAGEMENT SUPPORT TEAM

Mr. Maung Thein Htike

President – Mid-Continent Equipment Inc. (USA)

Mr Htike joined Midcon in June 1993 as the Manager of Base Operations and Logistics. In June 2002, he was promoted to and was the General Manager until he moved to Mid-Continent Equipment Inc. (USA) in March 2008. Mr Htike is now the President and shareholder of Mid- Continent Equipment Inc. (USA) owning 20% of shares. He is responsible for overall operation and profitability of Mid-Continent Equipment Inc. (USA). He has total 26 years of oil & gas industry experiences in various capacities. Prior to joining Midcon, he worked for Yangon branch of Yukong Limited, a Korean oil & gas exploration company, as a Material and Logistics Executive between 1990 and 1993. Mr Htike holds a Bachelor of Commerce (B.Com) from Institute of Economics, Yangon in Myanmar.