The Board of Directors of Pharmesis International Ltd. announced that The Monetary Authority of Singapore has taken civil penalty action against Dr. Pu Weidong, the company's Independent Director for insider trading in the shares of a former main-board listed company in 2009. Subsequent to the civil penalty action, Dr. Pu has 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. Dr. Pu will officially step down as a director of the company with effect from 1 July 2016.