JBDI Holdings Ltd

Summary Compensation Table

(1) Mr. Chan Chin Hoong is not standing for re-election.

(2) Mr. Soh Kar Liang is not standing for re-election.

Employment Agreements

Employment Agreement between Mr. Lim Chwee Poh and Jurong Barrels

We entered into an Employment Agreement dated August 1, 2024 with Mr. Lim Chwee Poh pursuant to which he is employed as the Chief Executive Officer of Jurong Barrels. The agreement provides for a monthly base salary in the amount of S$27,223. Mr. Lim CP’s employment will continue indefinitely, subject to termination by either party to the agreement upon 6 months’ prior written notice or the equivalent salary in lieu of such notice. The agreement also provides that Mr. Lim CP shall not, during the term of the agreement and for 12 months after cessation of employment, carry on business in competition with the Group.

Employment Agreement between Mr. Liang Zhaorong and Jurong Barrels

We entered into an Employment Agreement dated August 1, 2024 with Mr. Liang Zhaorong pursuant to which he was employed as the Chief Financial Officer of Jurong Barrels. The agreement provides for a monthly base salary in the amount of S$8,000. Under the terms of the agreement, Mr. Liang Zhaorong’s employment will continue indefinitely, subject to termination by either party to the agreement upon 6 months’ prior written notice or the equivalent salary in lieu of such notice. The agreement also provides that Mr. Liang Zhaorong shall not, during the term of the agreement and for 12 months after cessation of employment, carry on business in competition with the Group.

Directors’ Agreements

Each of our directors has entered into a Director’s Agreement with the Company. The terms and conditions of such Directors’ Agreements are similar in all material respects. Each Director’s Agreement is for an initial term of one year and will continue until the director’s successor is duly elected and qualified. Each director will be up for re-election each year at the annual shareholders’ meeting and, upon re-election, the terms and provisions of his or her Director’s Agreement will remain in full force and effect. Any Director’s Agreement may be terminated for any or no reason by the director or at a meeting called expressly for that purpose by a vote of the shareholders holding more than 50% of the Company’s issued and outstanding Ordinary Shares entitled to vote.

Under the Directors’ Agreements, the annual director fees that are payable to our independent directors are S$30,000 to Mr. Han Yee Yen, S$24,000 to Chan Chin Hoong and S$24,000 to Mr. Soh Kar Liang. Such director fees are payable in cash on a monthly basis. As Messrs. Hoong and Liang are not standing for reelection at the Annual Meeting, their Directors’ Agreements will terminate when their successors are elected and qualified.

Upon election, Ms. Ng Siew Cher and Mr. Lim Geok Peng will enter into Directors’ Agreements that will provide for annual director fees of S$24,000 to be payable in cash on a monthly basis.

In addition, our directors will be entitled to participate in such share option scheme as may be adopted by the Company, as amended from time to time. The number of options granted and the terms of those options will be determined from time to time by a vote of our Board; provided that each director shall abstain from voting on any such resolution or resolutions relating to the grant of options to that director.

Other than as disclosed above, none of our directors has entered into a service agreement with our Company or any of our subsidiaries that provides for benefits upon termination of employment.