AVIRA RESOURCES LTD — Major Shareholding Notification 2016

Jun 8, 2016

605 page 1/2

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme MGT Resources Limited

ACN/ARSN 131 715 645

1. Details of substantial holder (1)

Name Li Hai Jun via Parkridge Captial Inc ACN/ARSN (if applicable) N/A

The holder ceased to be a substantial holder on 9/ 6 / 2016 The previous notice was given to the company on 1 / 4 / 2015 The previous notice was dated 2 / 4 / 2015

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person’s voted affected
26/8/2015	Li Hai Jun	Reduction as a result of an off market transfer of 1,200,000 fully paid ordinaryshares	Nil consideration	Reduction of shareholding by 1,200,000 Fully paid ordinaryshares	Reduction from 6.1% to 5.7% of 18,230,000 fully paid ordinary shares held
26/11/2015	Li Hai Jun	Dilution as a result of exercise of 24,000,000 options into 24,000,000 fully paid ordinary shares at 5 cents per option by Auskong International Mining Investment Co., Limited as approved by Shareholders at a General Meeting on 16th February2015.	Nil consideration	Dilution of 18,230,000 fully paid ordinary shares held	Dilution from 5.7% to 5.3% of 18,230,000 fully paid ordinary shares held
9/6/2016	Li Hai Jun via Parkridge Capital Inc	Dilution as a result of 50,000,000 fully paid ordinary shares issued to Auskong International Mining Investment Co., Limited upon conversion of $1,500,000 Convertible Notes at a conversion price of 3 cents.	Nil consideration	Dilution of 18,230,000 fully paid ordinary shares held	Dilution from 5.3% to 4.6% of 18,230,000 fully paid ordinary shares held – No longer a substantial shareholder as % holding <5%.

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association N/A N/A

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Li Hai Jun	4-2-201 Qianmendong Street, Beijing, 100051, China
Parkridge Capital Inc	6th Floor No 18, Annex Building, Shunmai Jinzuan, B52, East 3rd Ring Road, Chaoyang District Beijing 100022

Signature

print name sign here	Jacqueline Butler Capacity Company Secretary
	date9 /6 / 2016

sign here

605 page 2/2

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.