Courage Investment Group Limited — Proxy Solicitation & Information Statement 2012

Dec 20, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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COURAGE MARINE GROUP LIMITED （勇利航業集團有限公司）

(incorporated in Bermuda with limited liability)

(Hong Kong Stock Code: 1145) (Singapore Stock Code: E91.SI)

OVERSEAS REGULATORY ANNOUNCEMENT

This overseas regulatory announcement is a reproduction of the announcement made by Courage Marine Group Limited (the “Company”) pursuant to the Listing Manual of the Singapore Exchange Securities Trading Limited. In compliance with Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) (which requires a listed issuer to ensure that if securities of the listed issuer are also listed on other stock exchanges, the Stock Exchange shall be simultaneously informed of any information released to any of such other stock exchanges and that such information is released to the market in Hong Kong at the same time as it is released on other markets), please refer to the attached announcement on the next page issued on Singapore Exchange Securities Trading Limited on 21 December 2012.

By order of the Board Courage Marine Group Limited Hsu Chih-Chien Chairman

Hong Kong, 21 December 2012

As at the date of this announcement, the managing director is Mr. Wu Chao-Huan, the Chairman and non-executive director is Mr. Hsu Chih-Chien, the non-executive directors are Mr. Sun HsienLong and Mr. Chang Shun-Chi, the independent non-executive directors are Mr. Lui Chun Kin, Gary, Mr. Sin Boon Ann and Mr. Chu Wen Yuan.

COURAGE MARINE GROUP LIMITED 勇利航業集團有限公司

(Incorporated in Bermuda)

(Company Registration No. 36692)

PROPOSED CHANGE OF AUDITORS AND PROPOSED AMENDMENTS TO BYE-LAWS - DESPATCH OF CIRCULAR TO SHAREHOLDERS

Where capitalised terms are used in this announcement and not otherwise defined, such capitalised terms shall bear the same meanings as ascribed to them in the announcements to Shareholders dated 20 November 2012 and 17 December 2012 .

The Board of Directors of Courage Marine Group Limited (the “ Company ”) wishes to announce that the Company had today despatched a circular (“ Circular ”) to Shareholders setting out information on and seeking their approval for:

(i) the Proposed Change of Auditors; and

(ii) the proposed amendments to the Bye-laws of the Company.

A copy of the Circular will be available on the website of the Singapore Exchange Securities Trading Limited at www.sgx.com and on the website of the Stock Exchange of Hong Kong Limited at www.hkex.com.hk.

Shareholders who do not receive the Circular within a week from the date hereof should contact the Company’s Singapore Share Transfer Agent or the Hong Kong Share Registrar at the following addresses:

Singapore

Boardroom Corporate & Advisory Services Pte. Ltd. 50 Raffles Place #32-01 Singapore Land Tower Singapore 048623

Hong Kong

Tricor Investor Services Limited 26th Floor, Tesbury Centre 28 Queen’s Road East, Wanchai Hong Kong

BY ORDER OF THE BOARD

LEE PIH PENG COMPANY SECRETARY 21 December 2012