Ocean Sky International Limited announced cessation of Ang Siew Tiong as Executive Director & Senior Vice President and Country General Manager, Cambodia, effective from May 15, 2013. Ang Siew Tiong is responsible for managing the production facilities in Cambodia, which include the integrated process from garment manufacturing to support services such as printing, embroidery, dry & wet process factories.

The Board of Directors Ocean Sky International Limited announced the re-designation of Mr. Ang Boon Chong from Executive Director to Non-Executive Director and resignation of Mr. Ang Siew Tiong as Executive Director, effective May 15, 2013.

Ocean Sky International Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company announced profit before income tax from continuing operations of $1,626,000 compared to loss before income tax from continuing operations of $221,000 for the same period a year ago. Profit for the financial period from continuing operations was $1,592,000 compared to loss for the financial period from continuing operations of $226,000 for the same period a year ago. Profit for the financial period was $2,990,000 compared to $790,000 for the same period a year ago. Net cash used in operating activities was $7,898,000 compared to net cash generated from operating activities of $2,487,000 for the same period a year ago. Purchase of property, plant and equipment was $339,000 compared to $178,000 for the same period a year ago. Basic and fully diluted earnings per share were 0.67 cents compared to 0.19 cents for the same period a year ago. For the first quarter ended March 31, 2013, the company announced write-off of plant and equipment and intangibles of $151,000 compared to $532,000 for the same period a year ago. For the first quarter ended March 31, 2013, the company recommended tax exempt (one-tier) special interim cash dividend of 1.6 cents per ordinary share.