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Full title: Statement / Creditor Plan Proponents' Statement Regarding The Creditor Plan Proponents' First Motion for Sanctions in the Form of Compensatory Damages against Sun Securities Limited and Certain Affiliated Parties for Costs incurred for Willful Failure to Comply with Enforcement Order (related document(s)[2824]) filed by Gregory F Pesce on behalf of Creditor Plan Proponents. (Pesce, Gregory)

Document posted on Dec 6, 2021 in the bankruptcy, 3 pages and 0 tables.

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2564] (as amended, supplemented, or modified from time to time, the “Chapter 11 Plan”)) filed the 1 The debtors in these chapter 11 cases are China Fishery Group Limited (Cayman), Pacific Andes International Holdings Limited (Bermuda),N.S. Hong Investment (BVI) Limited, South Pacific Shipping Agency Limited (BVI), China Fisheries International Limited (Samoa), CFGL (Singapore) Private Limited, Chanery Investment Inc. (BVI), Champion Maritime Limited (BVI), Growing Management Limited (BVI), Target Shipping Limited (HK), Fortress Agents Limited (BVI), Ocean Expert International Limited (BVI), Protein Trading Limited (Samoa), CFG Peru Investments Pte.(Singapore), Smart Group Limited (Cayman), Super Investment Limited (Cayman), Pacific Andes Resources Development Limited (Bermuda), Nouvelle Foods International Ltd., Golden Target Pacific Limited, Pacific Andes International Holdings (BVI) Limited, Zhonggang Fisheries Limited, Admired Agents Limited, Chiksano Management Limited, Clamford Holding Limited, Excel Concept Limited, Gain Star Management Limited, Grand Success Investment (Singapore) Private Limited, Hill Cosmos International Limited, Loyal Mark Holdings Limited, Metro Island International Limited, Mission Excel International Limited, Natprop Investments Limited, Pioneer Logistics Limited, Sea Capital International Limited, Shine Bright Management Limited, Superb Choice International Limited, and Toyama Holdings Limited (BVI).The Sanctions Motion stated that the Creditor Plan Proponents would present the order approving the Sanctions Motion to the Court on December 7, 2021, at 12:00 p.m. (prevailing Eastern Time) and that any responses or objections to the Sanctions Motion and the relief requested therein shall be in writing, conform to the Federal Rules of Bankruptcy Procedure and the Local Bankruptcy Rules for the Southern District of New York, set forth the basis for the objection and the specific grounds therefore, and be filed with the Court electronically and served upon certain parties in interest, including counsel to the Creditor Plan Proponents, so as to be actually received no later than December 6, 2021, at 4:00 p.m. (prevailing Eastern Time) (the “Objection Deadline,” and the procedures set forth in this paragraph, the “Objection Procedures”).

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WHITE & CASE LLP WHITE & CASE LLP 111 South Wacker Drive, Suite 5100 1221 Avenue of the Americas Chicago, Illinois 60606 New York, New York 10020 Telephone: (312) 881-5400 Telephone: (212) 819-8200 Facsimile: (312) 881-5450 Facsimile: (212) 354-8113 Gregory F. Pesce (admitted pro hac vice) Gregory Starner Barrett Lingle (admitted pro hac vice) Counsel to the Creditor Plan Proponents UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ) In re: ) Case No. 16-11895 (JLG) ) CHINA FISHERY GROUP LIMITED (CAYMAN), et al.,1 ) Chapter 11 ) Debtors. ) (Jointly Administered) ) ) In re: ) Case No. 16-11914 (JLG) ) CFG PERU INVESTMENTS PTE. LTD. (SINGAPORE), ) Chapter 11 ) Debtor. ) (Jointly Administered) ) CREDITOR PLAN PROPONENTS’ STATEMENT REGARDING THE CREDITOR PLAN PROPONENTS’ FIRST MOTION FOR SANCTIONS IN THE FORM OF COMPENSATORY DAMAGES AGAINST SUN SECURITIES LIMITED AND CERTAIN AFFILIATED PARTIES FOR COSTS INCURRED FOR WILLFUL FAILURE TO COMPLY WITH ENFORCEMENT ORDER On November 21, 2021, the Creditor Plan Proponents (as defined in the Creditor Plan Proponents’ Chapter 11 Plan for CFG Peru Investments Pte. Ltd. (Singapore) [Docket No. 2564] (as amended, supplemented, or modified from time to time, the “Chapter 11 Plan”)) filed the 1 The debtors in these chapter 11 cases are China Fishery Group Limited (Cayman), Pacific Andes International Holdings Limited (Bermuda), N.S. Hong Investment (BVI) Limited, South Pacific Shipping Agency Limited (BVI), China Fisheries International Limited (Samoa), CFGL (Singapore) Private Limited, Chanery Investment Inc. (BVI), Champion Maritime Limited (BVI), Growing Management Limited (BVI), Target Shipping Limited (HK), Fortress Agents Limited (BVI), Ocean Expert International Limited (BVI), Protein Trading Limited (Samoa), CFG Peru Investments Pte. Ltd. (Singapore), Smart Group Limited (Cayman), Super Investment Limited (Cayman), Pacific Andes Resources Development Limited (Bermuda), Nouvelle Foods International Ltd., Golden Target Pacific Limited, Pacific Andes International Holdings (BVI) Limited, Zhonggang Fisheries Limited, Admired Agents Limited, Chiksano Management Limited, Clamford Holding Limited, Excel Concept Limited, Gain Star Management Limited, Grand Success Investment (Singapore) Private Limited, Hill Cosmos International Limited, Loyal Mark Holdings Limited, Metro Island International Limited, Mission Excel International Limited, Natprop Investments Limited, Pioneer Logistics Limited, Sea Capital International Limited, Shine Bright Management Limited, Superb Choice International Limited, and Toyama Holdings Limited (BVI).

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Creditor Plan Proponents’ First Motion for Sanctions in the Form of Compensatory Damages Against Sun Securities Limited and Certain Affiliated Parties for Costs Incurred for Willful Failure to Comply with Enforcement Order [Docket No. 2824] (the “Sanctions Motion”).2 The Sanctions Motion stated that the Creditor Plan Proponents would present the order approving the Sanctions Motion to the Court on December 7, 2021, at 12:00 p.m. (prevailing Eastern Time) and that any responses or objections to the Sanctions Motion and the relief requested therein shall be in writing, conform to the Federal Rules of Bankruptcy Procedure and the Local Bankruptcy Rules for the Southern District of New York, set forth the basis for the objection and the specific grounds therefore, and be filed with the Court electronically and served upon certain parties in interest, including counsel to the Creditor Plan Proponents, so as to be actually received no later than December 6, 2021, at 4:00 p.m. (prevailing Eastern Time) (the “Objection Deadline,” and the procedures set forth in this paragraph, the “Objection Procedures”). On November 23, 2021, the Creditor Plan Proponents caused the Sanctions Motion to be served on Sun Securities and the Affiliated Parties via overnight mail and email. See Affidavit of Service [Docket No. 2826]. On November 24, 2021, a copy of the Sanctions Motion was hand delivered via messenger service to Sun Securities and the Affiliated Parties. See Supplemental Affidavit of Service [Docket No. 2827]. On November 25, 2021, in correspondence on an unrelated matter, Sun Securities asserted to the Creditor Plan Proponents through counsel that it disputes this Court’s jurisdiction over CFG Peru and its debtor affiliates. That correspondence notwithstanding, as of the Objection Deadline, neither Sun Securities nor the Affiliated Parties, individually or through the various law firms 2 Capitalized terms used in this statement but not defined herein shall have the meanings ascribed to such terms in the Sanctions Motion.

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engaged to represent Sun Securities in connection with this matter, filed an objection to the Sanctions Motion on the Court’s docket as required by the Objection Procedures. Accordingly, on December 7, 2021, the Creditor Plan Proponents plan to present the order granting the Sanctions Motion to the Court for entry in accordance with the Objection Procedures. Dated: December 7, 2021 /s/ Gregory F. Pesce Gregory F. Pesce (admitted pro hac vice) WHITE & CASE LLP 111 South Wacker Drive, Suite 5100 Chicago, Illinois 60606 Telephone: (312) 881-5400 Facsimile: (312) 881-5450 - and - Gregory Starner Barrett Lingle (admitted pro hac vice) WHITE & CASE LLP 1221 Avenue of the Americas New York, New York 10020 Telephone: (212) 819-8200 Facsimile: (212) 354-8113 Counsel to the Creditor Plan Proponents

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