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$OCEANUS GROUP LIMITED(579.SI)$

OCEANUS ACHIEVES RECORD-HIGH REVENUE AND A PROFIT TURNAROUND FOR FY2020

In a nutshell:

• Oceanus’ FY2020 revenue surged 9.5 times to S$91.7 million , the highest turnover since Group’s listing in 2008

• Driven by the Group’s successful business transformation across its four growth pillars

• Achieves positive net profit growth to S$8.6 million, a turnaround from a loss of S$7.4 million in FY2019

• To continue nurturing broadened revenue streams, and focusing on innovations in the food technology area

• To move forward with extension of time to exit SGX-ST Watch-List, having achieved positive net income for FY2020, based on audited full-year consolidated accounts to be released on or before 15 April 2021

For more information, please refer to our announcement and news release on SGXNet

On behalf of Oceanus Group, the Board of Directors wants to thank all our friends for your trust and support and we are happy to announce that we will be ‘teching-up’ Oceanus' 4 Pillars of Growth for the next lap.

Oceanus Group will focus on applying deep tech strategies to supplement our businesses, thereby creating additional growth for the Group, and enhancing food security in the process.

https://www.facebook.com/OceanusGroupLimited/posts/904558183627497

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