Oceanus Group Limited (Oceanus), formerly TR Networks Limited, is a Singapore-based marine aquaculture specialist focusing on large-scale, land-based industrialized production and sale of live seafood with aquaculture facilities located in China’s Shandong and Fujian provinces. Oceanus Group is a producer with approximately 7,200 tanks and a standing population of 110 million abalones. Oceanus engages in the research and development, genetic selection, intensive production and sale of live seafood products, particularly Abalone, Halibut and Turbot. Abalone, a seafood delicacy constitutes approximately 80% of Oceanus Group’s business focus. Oceanus Group is a producer of Abalone (Japanese sub-species) in China, if not in Asia. In October 2008, Oceanus announced that the disposal of the entire issued share capital of each of TRN Marketing (M) Sdn Bhd, TR Networks Inc., TRN Marketing Pte Ltd, TR Holdings (M) Sdn Bhd, Three Rifles International Pte Ltd and Three Rifles Holdings Pte Ltd.