Change - Announcement of Cessation::Cessation of Chief Risk Officer cum Chief Technology Officer
Issuer & Securities
SecuritiesOCEANUS GROUP LIMITED - SG1M80907371 - 579
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast01-Nov-2017 17:44:52
Announcement Sub TitleCessation of Chief Risk Officer cum Chief Technology Officer
Announcement ReferenceSG171101OTHR8L38
Submitted By (Co./ Ind. Name)Peter Koh Heng Kang
DesignationExecutive 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 PersonTan Kim Chuan Matthew
Is effective date of cessation known?Yes
If yes, please provide the date01/11/2017
Detailed Reason (s) for cessationMatthew 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 position04/12/2014
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 months3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Chief Risk Officer cum Chief Technology Officer
Role and responsibilities1. 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 subsidiariesNo
Shareholding interest in the listed issuer and its subsidiaries?No
Past (for the last 5 years)Nil