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MAS Takes Civil Penalty Enforcement Action against

Mr Pu Weidong and Triumpus Assets Management Pte Ltd for Insider Trading

Singapore, 3 May 2016... The Monetary Authority of Singapore (MAS) has taken civil penalty action against Pu Weidong (Pu) and Triumpus Assets Management Pte Ltd (Triumpus) for insider

trading in the shares of Sinomem Technology Ltd (Sinomem).

2 Pu was the Chief Financial Officer in Sinomem when the contraventions took place. Pu is also the sole director and shareholder of Triumpus.

3 Between 2 and 27 March 2009, Pu and Triumpus purchased 4,605,000 Sinomem shares when Pu possessed confidential price-sensitive information concerning a proposed share

buyback offer by Sinomem, which was subsequently announced on 27 March 2009. Pu and Triumpus made a profit of S$49,542 on these insider trades.

4 Between 25 and 31 August 2009, Pu and Triumpus sold 14,174,000 Sinomem shares when Pu possessed knowledge of confidential, price-sensitive information on a proposed

placement of shares by Sinomem. Information on the proposed share placement was subsequently announced on 9 September 2009. Pu and Triumpus did not make any profit or

avoid any loss on these trades.

5 On 26 February 2015, MAS commenced a civil penalty action in the State Court of Singapore (DC Suit No. 586 of 2015) against Pu and Triumpus for insider trading in Sinomem’s

shares under the Securities and Futures Act (SFA).

6 Pu and Triumpus have admitted to contravening sections 218(2)(a) and 219(2)(a) of the SFA, and will pay to MAS a civil penalty of S$316,000, as well as S$61,610.75 for the legal costs

and disbursements incurred by MAS for the civil penalty action. Pu has also given a voluntary undertaking not to be a company director or be involved in the management of a company for a

period of one year with effect from 3 July 2016.

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