| Announcement Title | General Announcement |
| Announcement Subtitle | ANNOUNCEMENT POSTED BY THE COMPANY ON HONG KONG EXCHANGE WEBSITE |
| Securities | COURAGE MARINE GROUP LIMITED (COURAGMA) |
| Date & Time of Broadcast | Jan 25, 2016 21:04 |
| Submitted By | Lee Pih Peng Company Secretary |
| Effective Date and Time | Jan 25, 2016 21:00 |
| Description | Please see attached. |
Attachments