Oceanus Group Limited Listed on SGX

1st Audit Disclaimer

Due to unascertainable biological asset mortality losses, lack of internal controls, corporate governance framework, and insufficient evidence on rights of ownership of assets and farms in China

Oceanus abalone farms were damaged by typhoon Usagi

Trading was suspended due to abnormal
abalone deaths

Defaulted on totalling debts
S$94 million

With a negative net asset position of approximately S$66 million. Creditors assumed full control over Oceanus' farming assets and began
debt enforcement proceedings

Mr Peter H. K. Koh, PBM appointed as group CEO to spearhead Oceanus' turnaround

Outlined cost-cutting measures and commenced our transition to hatchery business model

Outlined progress in
turnaround strategies

• Successful transition of business model from farming to hatchery. Securing of first Original Equipment Manufacturer
  (OEM) sales order
• 60% reduction in overheads
  and expenses
• Launched Oceanus Abalone for shareholders. Regained control of farms

Completed debt restructuring exercise

and eliminated all debt through cash repayments and debt-to-equity conversion. Received $$6 million in fresh equity injection, resulting in a net
asset positive position

Revamped our strategy with
4 Pillars of Growth

Diversified Oceanus' portfolio of businesses into distribution, services and ventures. Oceanus effectively expanded beyond a one-country, one-product company.

Incorporated Asia Fisheries
(FKA Oceanus feed)

to expand our seafood range and
distribution markets

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Aquired AP Media

to support our digital media needs

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ASEAN Business Award

Oceanus received the top award for excellence in business growth

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Long-term strategic shareholder,
Alacrity Investment Group Limited
acquired a significant stake in Oceanus.

This represented the exit of Oceanus' last major ex- creditor and heralded confidence in its long-term Growth Strategy

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1st 'CLEAN' unqualified audit status

that marked the successful resolution of all legacy that caused disclaimer of opinion
from FY2011-FY2017

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Achieved a net profit growth of S$8.6million

and record-high revenue of $$91.7 million, the highest turnover since our listing in 2008

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Incorporated Season Global Trading

to access new geographical markets

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SGX watchlist exit

The first time in SGX-ST's history, whereby a company achieves a successful turnaround

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Oceanus TradeLog

set up to provide world-class logistics services to its valued customers

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Oceanus Media Global (OMG)

set up to consolidate multimedia teams
under one roof

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S$5 mil futurealistic studio

set up to drive next-gen immersive
storytelling experiences

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Dun & Bradstreet Business
Eminence Awards

Oceanus received the Dun & Bradstreet Business Eminence Awards for its corporate turnaround and growth story

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Awarded Singapore Business
Federation 20th Year Inspiring
Leaders Commemoration Book

as one of 20 outstanding
companies in Singapore

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Launched ODIN and ODIN Pay

a managed marketplace solution that eliminates cross-border trading risks & friction to help customers generate
more profits