REN LETIAN
Executive Chairman; Chief Executive Officer; Chairman of ESG Committee
Board of Directors of Yangzijiang Shipbuilding (Holdings) Ltd.The business, the people and the ownership behind YZJ Shipbldg SGD.
Business overview
Yangzijiang Shipbuilding operates shipbuilding and shipping businesses. These activities form the group’s principal reportable operating segments, alongside other group interests.
Listed security
Board & management
Registered and substantial shareholder disclosures use 20 March 2026; director interests retain separate 20 March 2026, 31 December 2025 and 1 January 2025 snapshots. Latest Practicable Date is explicitly defined on PDF p.157.
Top twenty registered holders total 3,721,320,094 shares (94.56%); nominee holdings do not establish ultimate beneficial ownership. Substantial direct/deemed interests may overlap.
The report lists eight significant subsidiaries, with separately printed Company/Group direct ordinary-share interest for 2025/2024. It is not a complete legal-entity register.
Jiangsu Yangzi–Mitsui is a joint venture at 51% in 2025 and 56% in 2024 because control is jointly exercised. Tsuneishi is a material associate at34% in2025; its2024 dash is retained. Individually immaterial JVs/associates are reported in aggregate and not named.
Executive Chairman; Chief Executive Officer; Chairman of ESG Committee
Board of Directors of Yangzijiang Shipbuilding (Holdings) Ltd.Independent Non-Executive Director, Chairman of Audit and Risk Committee
Board of Directors of Yangzijiang Shipbuilding (Holdings) Ltd.Lead Independent; Non-Executive Director; Chairman of Nominating Committee
Board of Directors of Yangzijiang Shipbuilding (Holdings) Ltd.Non-Independent Non-Executive Director, Member of ESG Committee
Board of Directors of Yangzijiang Shipbuilding (Holdings) Ltd.Independent Non-Executive Director; Chairman of Remuneration Committee
Board of Directors of Yangzijiang Shipbuilding (Holdings) Ltd.Roles listed in Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025; current appointments are not independently verified.
Holdings
Registered and substantial shareholder disclosures use 20 March 2026; director interests retain separate 20 March 2026, 31 December 2025 and 1 January 2025 snapshots. Latest Practicable Date is explicitly defined on PDF p.157.
Top twenty registered holders total 3,721,320,094 shares (94.56%); nominee holdings do not establish ultimate beneficial ownership. Substantial direct/deemed interests may overlap.
The report lists eight significant subsidiaries, with separately printed Company/Group direct ordinary-share interest for 2025/2024. It is not a complete legal-entity register.
Jiangsu Yangzi–Mitsui is a joint venture at 51% in 2025 and 56% in 2024 because control is jointly exercised. Tsuneishi is a material associate at34% in2025; its2024 dash is retained. Individually immaterial JVs/associates are reported in aggregate and not named.
Direct: – shares (–%); deemed: 852,845,825 shares (21.7%); total interest as printed: 852,845,825 shares (21.7%)
Substantial shareholders as at 20 March 2026 As reported at 2026-03-20Direct: 852,845,825 shares (21.7%); deemed: – shares (–%); total interest as printed: 852,845,825 shares (21.7%)
Substantial shareholders as at 20 March 2026 As reported at 2026-03-20Direct: – shares (–%); deemed: 852,845,825 shares (21.7%); total interest as printed: 852,845,825 shares (21.7%)
Substantial shareholders as at 20 March 2026 As reported at 2026-03-20Direct: – shares (–%); deemed: 1,018,643,195 shares (25.9%); total interest as printed: 1,018,643,195 shares (25.9%)
Substantial shareholders as at 20 March 2026 As reported at 2026-03-20Direct: – shares (–%); deemed: 852,845,825 shares (21.7%); total interest as printed: 852,845,825 shares (21.7%)
Substantial shareholders as at 20 March 2026 As reported at 2026-03-20Direct: 379,259,170 shares (9.6%); deemed: – shares (–%); total interest as printed: 379,259,170 shares (9.6%)
Substantial shareholders as at 20 March 2026 As reported at 2026-03-20Direct: – shares (–%); deemed: 379,259,170 shares (9.6%); total interest as printed: 379,259,170 shares (9.6%)
Substantial shareholders as at 20 March 2026 As reported at 2026-03-20Direct: – shares; deemed: 1,018,643,195 shares
Directors’ interests as at the Latest Practicable Date (20 March 2026) As reported at 2026-03-20Direct: – shares; deemed: – shares
Directors’ interests as at the Latest Practicable Date (20 March 2026) As reported at 2026-03-20Direct: – shares; deemed: – shares
Directors’ interests as at the Latest Practicable Date (20 March 2026) As reported at 2026-03-20Direct: – shares; deemed: – shares
Directors’ interests as at the Latest Practicable Date (20 March 2026) As reported at 2026-03-20Direct: – shares; deemed: – shares
Directors’ interests as at the Latest Practicable Date (20 March 2026) As reported at 2026-03-20Registered: – shares; deemed: 1,018,643,195 shares
Director interests as at 31 December 2025 As reported at 2025-12-31Registered: – shares; deemed: 165,797,370 shares
Director interests as at 1 January 2025; comparative disclosure As reported at 2025-01-01Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-03-20 · PDF p. 147
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| CITIBANK NOMINEES SINGAPORE PTE LTD | 1,577,252,983 shares; 40.08% | PDF p. 1472026-03-20 | |
| HSBC (SINGAPORE) NOMINEES PTE LTD | 876,643,039 shares; 22.27% | PDF p. 1472026-03-20 | |
| DBSN SERVICES PTE. LTD. | 715,003,565 shares; 18.17% | PDF p. 1472026-03-20 | |
| RAFFLES NOMINEES (PTE.) LIMITED | 279,266,173 shares; 7.10% | PDF p. 1472026-03-20 | |
| DBS NOMINEES (PRIVATE) LIMITED | 138,681,113 shares; 3.52% | PDF p. 1472026-03-20 | |
| MORGAN STANLEY ASIA (SINGAPORE) SECURITIES PTE LTD | 32,228,758 shares; 0.82% | PDF p. 1472026-03-20 | |
| BPSS NOMINEES SINGAPORE (PTE.) LTD. | 23,241,460 shares; 0.59% | PDF p. 1472026-03-20 | |
| OCBC SECURITIES PRIVATE LIMITED | 10,319,600 shares; 0.26% | PDF p. 1472026-03-20 | |
| MOOMOO FINANCIAL SINGAPORE PTE. LTD. | 10,193,859 shares; 0.26% | PDF p. 1472026-03-20 | |
| PHILLIP SECURITIES PTE LTD | 10,021,374 shares; 0.25% | PDF p. 1472026-03-20 | |
| UNITED OVERSEAS BANK NOMINEES (PRIVATE) LIMITED | 8,758,976 shares; 0.22% | PDF p. 1472026-03-20 | |
| MAYBANK SECURITIES PTE. LTD. | 5,917,400 shares; 0.15% | PDF p. 1472026-03-20 | |
| OCBC NOMINEES SINGAPORE PRIVATE LIMITED | 5,710,501 shares; 0.15% | PDF p. 1472026-03-20 | |
| IFAST FINANCIAL PTE. LTD. | 5,404,536 shares; 0.14% | PDF p. 1472026-03-20 | |
| UOB KAY HIAN PRIVATE LIMITED | 4,961,200 shares; 0.13% | PDF p. 1472026-03-20 | |
| ABN AMRO CLEARING BANK N.V. | 4,487,500 shares; 0.11% | PDF p. 1472026-03-20 | |
| TIGER BROKERS (SINGAPORE) PTE. LTD. | 4,368,400 shares; 0.11% | PDF p. 1472026-03-20 | |
| CGS INTERNATIONAL SECURITIES SINGAPORE PTE. LTD. | 4,073,500 shares; 0.10% | PDF p. 1472026-03-20 | |
| MERRILL LYNCH (SINGAPORE) PTE. LTD. | 2,430,757 shares; 0.06% | PDF p. 1472026-03-20 | |
| LIM & TAN SECURITIES PTE LTD | 2,355,400 shares; 0.06% | PDF p. 1472026-03-20 | |
Group structure
Registered and substantial shareholder disclosures use 20 March 2026; director interests retain separate 20 March 2026, 31 December 2025 and 1 January 2025 snapshots. Latest Practicable Date is explicitly defined on PDF p.157.
Top twenty registered holders total 3,721,320,094 shares (94.56%); nominee holdings do not establish ultimate beneficial ownership. Substantial direct/deemed interests may overlap.
The report lists eight significant subsidiaries, with separately printed Company/Group direct ordinary-share interest for 2025/2024. It is not a complete legal-entity register.
Jiangsu Yangzi–Mitsui is a joint venture at 51% in 2025 and 56% in 2024 because control is jointly exercised. Tsuneishi is a material associate at34% in2025; its2024 dash is retained. Individually immaterial JVs/associates are reported in aggregate and not named.
| Company | Market | Ownership interest |
|---|---|---|
| Jiangsu New Yangzi Shipbuilding Co., Ltd.Significant subsidiaries listed by the Group; Company and Group direct shareholding columns are for 2025 then 2024PDF p. 146 | PRC; Shipbuilding, ship repairing, production and processing of large-scale steel structures; Company directly held: 51.2%, 51.2%; Group directly held: 100%, 100% | |
| Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd.Significant subsidiaries listed by the Group; Company and Group direct shareholding columns are for 2025 then 2024PDF p. 146 | PRC; Shipbuilding, ship repairing, production and processing of large-scale steel structures; Company directly held: 55.1%, 55.1%; Group directly held: 100%, 100% | |
| Jiangsu Yangzijiang Shipbuilding Group Co., Ltd.Significant subsidiaries listed by the Group; Company and Group direct shareholding columns are for 2025 then 2024PDF p. 146 | PRC; Shipbuilding, ship repairing, production and processing of large-scale steel structures; Company directly held: 100%, 100%; Group directly held: 100%, 100% | |
| Pleasant Way Analyse Development LimitedSignificant subsidiaries listed by the Group; Company and Group direct shareholding columns are for 2025 then 2024PDF p. 146 | BVI; Investment holding of shipping entities; Company directly held: 100%, 100%; Group directly held: 100%, 100% | |
| 39 Robinson Road Pte. Ltd.Significant subsidiaries listed by the Group; Company and Group direct shareholding columns are for 2025 then 2024PDF p. 146 | Singapore; Holding of investment property; Company directly held: –%, –%; Group directly held: 100%, 100% | |
| Jiangsu Yangzi Jiasheng Terminal Co., Ltd.Significant subsidiaries listed by the Group; Company and Group direct shareholding columns are for 2025 then 2024PDF p. 146 | PRC; Owns and operates a tank terminal; Company directly held: –%, –%; Group directly held: 100%, 100% | |
| Jiangsu Jiasheng Gas Co., Ltd.Significant subsidiaries listed by the Group; Company and Group direct shareholding columns are for 2025 then 2024PDF p. 146 | PRC; Tank related services; Company directly held: –%, –%; Group directly held: 100%, 100% | |
| Jiangsu Yangxing Property Co., Ltd.Significant subsidiaries listed by the Group; Company and Group direct shareholding columns are for 2025 then 2024PDF p. 146 | PRC; Properties development; Company directly held: –%, –%; Group directly held: 100%, 100% | |
| Jiangsu Yangzi – Mitsui Shipbuilding Co., Ltd.Material joint venture of the Group; year order 2025, 2024PDF p. 110 | Joint venture; China; Shipbuilding; Group effective equity holding: 51%, 56% | |
| Tsuneishi Group (Zhoushan) Shipbuilding Co., Ltd.Material associated company of the Group; year order 2025, 2024PDF p. 112 | Associated company; China; Shipbuilding; Group effective equity holding: 34%, – | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
| Item | Value | Period / scope | Source |
|---|---|---|---|
| ZHANG HONGFEI | Deputy General Manager; Member of ESG Committee | PDF p. 18 | |
| Song Shuming | Deputy General Manager | PDF p. 47 | |
| Du Chengzhong | Deputy General Manager | PDF p. 47 | |
| DING JIANWEN | Deputy General Manager; Chief Financial Officer | PDF p. 19 | |
| YANG XUEYAN | Assistant General Manager | PDF p. 19 | |
| Lee Wei Hsiung | Company Secretary | PDF p. 151 |
Extracted from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
Related parties, people & properties
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Duane Morris & Selvam LLP | RMB34,835* | Interested person: Yee Kee Shian, Leon; Receipt of legal services; FY2025; excluding transactions under shareholders' mandate; mandate column: Nil | PDF p. 55 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| For refund guarantees* issued to a customer of a joint venture | 1,212,356 RMB'000 | The Company; 2025 (2024: 830,865) | PDF p. 133 |
| For refund guarantees* issued to customers of subsidiaries | 685,308 RMB'000 | The Company; 2025 (2024: 939,150) | PDF p. 133 |
| bank guarantee | approximately RMB12,748,000 (Indian Rupee 15 crores) | Group; arbitration claim from 2023 vessel accident in India | PDF p. 123 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Ren Letian | 892,946 S$ | FY2025; Executive Chairman and CEO; Total (S$); salary 636,950, variable bonus 120,461, share-based cash incentives 135,535 | PDF p. 46 |
| Yee Kee Shian, Leon | 125,500 S$ | FY2025; Lead Independent Non-Executive Director; Fees (S$) | PDF p. 46 |
| Liu Hua | 125,500 S$ | FY2025; Non-Independent Non-Executive Director; Fees (S$) | PDF p. 46 |
| Poh Boon Hu Raymond | 125,500 S$ | FY2025; Independent Non-Executive Director; Fees (S$) | PDF p. 46 |
| Yee Chia Hsing | 125,500 S$ | FY2025; Independent Non-Executive Director; Fees (S$) | PDF p. 46 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Events occurring after balance sheet date (b) | On 10 March 2026, the Group entered into definitive agreements for the acquisition of 10% equity interest in Poseidon Corp. | Group · As at 2026-03-10 | PDF p. 144 |
| Events occurring after balance sheet date (a) | the English High Court dismissed the appeal and refused the third parties’ application for permission to appeal further | Group; three wholly owned subsidiaries; London arbitration | PDF p. 144 |
| Events occurring after balance sheet date (c) | the vessel was delivered to the subsidiary with the remaining consideration fully paid in cash | Group; subsidiary vessel acquisition under MOA dated 8 August 2025 | PDF p. 144 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Outlook and Strategy | The dry bulk shipping outlook remains | Management outlook, shipping segment | PDF p. 24 |
Extracted from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
Source: Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025 ↗
Corporate information