Change - Announcement of Cessation::Cessation of Chief Risk Officer cum 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 Cessation
Date &Time of Broadcast
01-Nov-2017 17:44:52
Status
New
Announcement Sub Title
Cessation of Chief Risk Officer cum Chief Technology Officer
Announcement Reference
SG171101OTHR8L38
Submitted By (Co./ Ind. Name)
Peter Koh Heng Kang
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Risk Officer cum Chief Technology Officer

Additional Details

Name Of Person
Tan Kim Chuan Matthew
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
01/11/2017
Detailed Reason (s) for cessation
Matthew Tan will be taking on a new role as the Chief Executive Officer of Oceanus Tech Pte Ltd, a wholly owned subsidiary of Oceanus Group Limited ( OGL ).

Moving forward, Oceanus Tech Pte Ltd will be responsible for technological developments of OGL and its group of companies.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
04/12/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Risk Officer cum Chief Technology Officer
Role and responsibilities
1. Development of Risk Management Plan & Protocols of all Oceanus Farm
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
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil