| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Executive Director - Wu Jian |
| Securities | COURAGE MARINE GROUP LIMITED (COURAGMA) |
| Date & Time of Broadcast | Jun 8, 2016 18:27 |
| Submitted By | Lee Pih Peng Company Secretary |
| Effective date and time | Jun 8, 2016 18:25 |
| Description | Cessation of Mr. Wu Jian as Executive Director of the Company. |
| Cessation Details | |
| Name of person | Wu Jian |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jun 8, 2016 |
| Detailed reason(s) for cessation | Mr. Wu Jian ("Mr. Wu") resigned as Executive Director of the Company due to his other personal commitments which require more of his dedications. |
| 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 | Apr 29, 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 this account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 5 |
| Job Title | Executive Director |
| Role and responsibilities | Executive. Mr Wu's responsibilities include the development of coal resources and domestic new businesses and market. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | None |
| Present | None |