Barramundi Group Ltd. announced that the share sale agreement and shareholder agreements with Wild Ocean Australia Pty Ltd. for Marine Produce Australia Pty Ltd. were signed. The signing marks a significant and strategic milestone for Barramundi Group, as the Company's search for a strategic Australian partner has been realised. The completion of the transaction is now awaiting the change of control approvals from certain stakeholders of MPA.

Upon completion, Wild Ocean will now play a strategic role in driving the Australian business and operations, as well as co-leading the application for the 13 lease sites with the Australian State and Federal government and agencies. As a result of the transaction, Jessie Lai will take over the Group CFO function, on the 1st of March 2023, allowing current CFO, Helen Chow to effect a smooth transition from this period till completion. Jessie joined Barramundi Group as Group Accounting Manager in May 2021 and was promoted to Head of Group Finance in March 2022.

With close to 10 years of working experience in audit and accounting, Jessie is engaged in the Group's finance related matters including compliance, financial reporting standards and investor relations. In her prior roles, Jessie managed clients from listed and non-listed entities in various industries. She obtained her Accounting and Finance degree from Australia and is a member of CPA Australia.