SDTR Marine Pte Ltd 2023 Annual Announcement

一、Company Information
1．Chinese Name：新诚航运(SDTR)
2．English Name：SDTR Marine Pte Ltd
3．Legal Representive：Gao Dehui
4．Registered Address：600 North Bridge Road, #16-06/07, Parkview Square, Singapore 188778
5．Company Introduction: SDTR Marine Pte. Ltd. (SDTR) is a joint venture shipping company incorporated in Singapore in 2013. Shandong Shipping Corporation, who is a large state-owned enterprise and one of the largest ship owners and operators in China, is the controlling shareholder of SDTR.

SDTR provides dry bulk transportation with worldwide services. Cargoes carried include grain, coal, iron ore, mineral, bauxite, fertilizer, coke, petcoke and sulphur etc. The company’s main activities are focused on grains, coal and iron ore trades.

二、Company Management Structure

The Board of Directors consist of 6 Directors. In accordance with Singapore’s Company Act, SDTR’s Articles of Association, laws and regulations, they conscientiously perform their obligations and exercise their powers, strictly review various proposals of the Board and fully express their opinion on major matters in steering the SDTR in the right strategic direction. 

三、Annual Major Events

a) Annual General Meeting on:
? Issuance of dividend to shareholders
? Acceptance of Audited Financial Statements for FY2022 
? Re-appointment of Ernst & Young LLP as auditors of SDTR Marine Pte Ltd
Board of Directors Meeting on:
? Charter Performance Guarantee for Great Navigator 11 and Great Navigator 12
? Change in authorized person for eBanking 
b) Major Manpower Movement
? None

四、Impact of Major Events on SDTR

No impact

五、Departmental Public Disclosure and Rectification of Major Concern from:

a) Inspection and supervision review by Superiors
- None.
b) Development from major emergencies and emergencies responses
- None.

六、Results of Major Restructuring and Reorganization of SDTR
None done for the year 2023.

七、Declaration on Transfer of Corporate Property Rights and Capital Injection through the Capital Market
None.

八、Corporate Social Responsibility

SDTR recognize that social responsibility plays an important role in our strategic development. SDTR realizes the power and strength of economic benefits, social benefits and a sustainable ecological environment combining as one.
SDTR adheres to operating in accordance with the law, abides by social ethics, business ethics and industry rules; and always insists on winning with integrity, service and quality. SDTR has a strict policy against commercial corruption and oppose any unfair competition.

As of 31st December 2023, SDTR has 14 full-time employees. SDTR strictly abides by all of Singapore’s labour laws and regulation, all employees are paid according to their qualifications, job responsibilities and work performance as per Singapore’s Fair Employment Act. All benefits and required statutory benefits are provided to all staff as per stipulated by the Employment Act, such as paid leave, sick leave, child care leave, compassion leave, maternity leave, insurance, medical insurance and Central Provident Fund.

九、Company’s Milestones and Achievements

? As part of SDTR's social responsibility and environmental sustainability goals, employees and their families participated in  Singapore’s “One Million Trees Movement” on 8 September 2023 by planting trees at Ulu Pandan Park Connector. SDTR recognized the interconnectedness of environmental issues and the global impact, thus the urgent need to address climate change and its commitment to mitigate the effects of carbon dioxide emissions.  
? SDTR sponsored carbon credits to Singapore Shipping Association 38th Annual Gala Dinner,  making it a carbon neutral event.
? SDTR was awarded an AIP certificate for the world’s 1st Ammonia Dual Fuel Kamsarmax Bulk Carrier. This is a joint development project with Shanghai Merchant Ship Design & Research Institute (SDARI).
? On 2 March 2023, SDTR Marine Pte Ltd was awarded the “Business As A Force For Good” award for corporates in Singapore by INSEAD Alumni Association Singapore. This is a testament of SDTR’s efforts in being part of a global shipping fraternity and as part of SDTR’s mission to be a socially responsible shipping company, to decarbonize and to give back to the community. Building today for a future tomorrow. 

? 14th December 2023 marks another important milestone in SDTR’s journey towards a sustainable maritime industry. SDTR collaborated with Cargill to pioneer a trial voyage, using Biofuel B24 VLSFO for her vessel MV SDTR Dora in Singapore. This is our collective effort to reduce carbon footprint and greenhouse gases within the maritime sector.

十、Other disclosure to be disclosed in accordance to the regulation and law

None.