The Board of Directors (&ldquo Board&rdquo ) of Oceanus Group Limited (the &ldquo Company&rdquo ) refers to the following query raised by SGX-ST in its email dated 2 March 2017 and would like to provide further information in relation to the announcement on cessation of Ms. Tan Pern Yeen as the Company&rsquo s Group Financial Controller dated 16 February 2017 and the announcement on the cessation of Mr. Ng Cher Yew as the Non-Executive Chairman and Director of the Company dated 28 February 2017. 

SGX Query: We refer to the Company&rsquo s 28 February 2017 and 1 March 2017 announcements of the cessation of Mr. Ng Cher Yew as the Director and Non-Executive Chairman of the Company, and the Company&rsquo s announcement on 16 February 2017 on the cessation of Ms. Tan Pern Yeen as a Group Financial Controller of the Company. We noted that the reasons for cessation was cited as due to &ldquo Personal Reasons&rdquo . Could the Company clarify in an announcement on SGXNET the detailed reason(s) for the resignations of Mr. Ng and Ms. Tan, so that investors can better understand the circumstances leading to their resignations?

Company&rsquo s Response: Mr. Ng Cher Yew and Ms. Tan Pern Yeen have resigned to avail more time for the pursuit of other personal interests and aspirations.