Change - Announcement of Appointment::Appointment of Chief Risk Officer and Chief Technology Officer

Issuer & Securities

Issuer/ Manager
OCEANUS GROUP LIMITED
Securities
OCEANUS GROUP LIMITED - SG1M80907371 - 579
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
04-Dec-2014 18:36:31
Status
New
Announcement Sub Title
Appointment of Chief Risk Officer and Chief Technology Officer
Announcement Reference
SG141204OTHR14JL
Submitted By (Co./ Ind. Name)
Ng Cher Yew
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Matthew, Tan Kim Chuan as the Chief Risk Officer cum Chief Technology Officer

Additional Details

Date Of Appointment
04/12/2014
Name Of Person
Matthew, Tan Kim Chuan
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has reviewed, assessed and concluded that Matthew Tan Kim Chuan possesses the requisite experience to carry out his duties as the Chief Risk Officer cum Chief Technology Officer, and accordingly approved him being re-designated as the full time Chief Risk Officer cum Chief Technology Officer of the Company.

Whether appointment is executive, and if so, the area of responsibility
Executive.

His areas of responsibility include, inter alia, the following:

1. Development of Risk Management Plan & Protocols for all Oceanus Farms;

2. Development and Implementation of Bio security plan;

3. Development and Implementation of water monitoring system;

4. Development of Abalone Farming operation manual (Bio secured facility);

5. Development of re-circulating aquaculture system and technology for pilot hatchery; and

6. Adoption of new technologies.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Risk Officer cum Chief Technology Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
1. CEO - SIF Technologies Pte Ltd : From Oct 03 to Sept13 (10 years)

2. CEO - (concurrent appt) SIF Agrotechnology Asia Pte Ltd

3. CEO - (concurrent appt) SIF ECO Engineering Asia Pte Ltd

Matthew Tan has been serving as the CEO of SIF Technologies Pte Ltd for the past 10 years. The company specialized in chemical free water treatment processes and technologies for both the aquaculture and waste water industry.

SIF is also currently the leading technology and system provider to the aquaculture industry in both Singapore & Asia. During this time, Matthew has also been involved in the extensive implementation of engineering solutions to many aquaculture farms in both Singapore and Asia.

Matthew is also a graduate of SEAFDEC (Southeast Asian Fisheries Development Center) Asia s leading fishery institution; where he received training under a Government of Japan Trust Fund Programme in Abalone hatchery and grow-out, sea weed and Benthic Diatom culture and production.

Other External Appointment Held concurrently the past 10 years:

1. School Advisory Committee member : Republic Polytechnic, School of Applied Sciences From Oct12 to present (Involved in the development and launch of Diploma in Marine Aquaculture and Engineering in 2014)

2. Visiting Consultant and Lecturer School of Materials Science, Nanyang Technological University - From 2010 to present which include a short external appointment with Singapore Eye Research Institute from Aug 2011 to Aug 2013

3. Principal Consultant - School of Mechanical and Aerospace Engineering, NTU - From 2011 to 2012

4. Principal Consultant - School of Electrical and Electronics Engineering, NTU From 2011 to 2012

5. Chief Operating Officer - Institute of Environmental Science and Engineering, NTU From 2008 to 2010

6. Associate Research Director : Nanofrontier, NTU From : 2007 2010

7. Mentor : EntreCity From June 2013 to Present

8. Mentor : iAxil - Venture Accelerator and consulting arm of Ascendas From January 2006 Present

9. Business Advisor - SPRING-SIM Business Advisors Programme (Aquaculture technology related project) From 2013
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Nanotech Venture Pte Ltd
Present
1. SIF Technologies Pte Ltd

2. SIF Agrotechnology Asia Pte Ltd

3. SIF ECO Engineering Asia Pte Ltd

4. Membrane Instruments and Technology Pte Ltd

5. Pipeline Micro Pte Ltd

6. Bio-X (S) Pte Ltd

7. The New Charis Mission Ltd (voluntary welfare organisation)

8. Riverlife Community Services Ltd (voluntary welfare organisation)

9. SMT Scientific Pte Ltd

10. Castling Consulting Asia

11. Moss Management Services LLP

12. De.Mem Pte Ltd
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Not applicable.