ELEMENT 25 LIMITED — Major Shareholding Notification 2020

Jun 11, 2020

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Com pany Nam e/Schem e Elem ent 25 Lim ited

ACN/ARSN 119 711 929

1. Details of substantial holder

Nam e: Seam us Cornelius

ACN/ARSN (if applicable): N/ A The holder becam e a substantial holder on: 10 J une 2020

2. Details of voting pow er

The total number of votes attached to all the voting shares in the company or voting interests in the schem e that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder becam e a substantial holder are as follows:

Class of securities(4)	Num ber of securities	Person's votes(5)	Voting power(6)
Ordinary Shares	5,180,177	5,180,177	5.27%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder becam e a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Seam us Cornelius	Arises under s608(1)(a) Corporations Act	2,470,548 Ordinary Shares
Seam us Cornelius	Arises under s608(3)(b) Corporations Act	2,709,629 Ordinary Shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Seam us Cornelius	Seam us Cornelius	Seam us Cornelius	2,2470,548 OrdinaryShares
Seam us Cornelius	Sino West Assets Lim ited	Sino West Assets Lim ited	2,709,629 OrdinaryShares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder becam e a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
Sino West Assets Lim ited	10 J une 2020	$690,054		1,604,777 OrdinaryShares
Seam us Cornelius	3 J une 2020	$553,159		1,382,733 OrdinaryShares

6. Associates

The reasons the persons nam ed in paragraph 3 above are associates of the substantial holder are as follows:

Nam e and ACN/ARSN (if applicable)	Nature of association
Sino West Assets Lim ited	Controlled body corporate

7. Addresses

The addresses of persons nam ed in this form are as follows:

Nam e	Address
Seam us Cornelius	1/101 Bindaring Parade, Clarem ont WA 6010
Sino West Assets Lim ited	D032 Baipo Xincun, J iliqu Luoyang Shi, Henan 471012 China

Signature

print nam e Seam us Cornelius Capacity Self sign here

date 12 / 06 / 20

DIRECTIONS

• (1) If there are a num ber of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the m anager and trustee of an

• equity trust), the nam es could be included in an annexure to the form . If the relevant interests of a group of persons are essentially similar, they m ay be referred to

• throughout the form as a specifically nam ed group if the m em bership of each group, with the nam es and addresses of m em bers is clearly set out in paragraph 7 of the form .

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

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

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

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the schem e (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or schem e m ultiplied by 100. (7) Include details of:

• any relevant agreem ent or other circum stances by which the relevant interest was acquired. If subsection 671B(4)

• (a) applies, a copy of any docum ent setting out

the term s of any relevant agreem ent, and a statem ent by the person giving full and accurate details of any contract, schem e or arrangem ent, m ust accompany

this form , together with a written statem ent certifying this contract, schem e or arrangem ent; and

any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting (b) 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 agreem ent" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determ ine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) 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 m ay, becom e entitled to receive in relation to that acquisition. Details m ust 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.