ELEMENTOS LIMITED — Major Shareholding Notification 2026

Feb 22, 2026

		50.50	INBOUND NOTIFICATION : FAX RECEIVED SUCCESSFULLY			$\sim$
TIME RECEIVED February 23, 2026 at 7:44:44 PM GMT+11			REMOTE CSID		DURATION 98	PAGES 6	STATUS Received
23/02 2026 MON 16:46		FAX						2001/006
		APAC RESOURCES
To			: ASX Market Announcements Office Australian Securities Exchange Limited	By email			maogroup@asx.com.au
From	÷	Mark Wong				Fax No : $+61\,28298\,8260$
Date	÷	23 February 2026

Dear Sirs,

Elementos Limited (ACN: 138 468 756)

Please find enclosed a Form 604 - Notice of change of interests of substantial holder dated 23 February 2026 in respect of the interests of APAC Resources Limited and its related bodies corporate in Elementos Limited (ASX: ELT).

Yours faithfully, For and on behalf of APAC RESOURCES LIMITED

No.ML

Mark Wong Alternate Director

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Elementos Limited
138 468 756
APAC Resources Limited and its related bodies corporate, including the entities referred to in section 1 of Annexure A ("APAC Group")
N/A
There was a change in the interests of the 19/02/2026
The previous notice was given to the company on 29/01/2026
29/01/2026

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an essociate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voling power (5)
See section 2 of Annexure A

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voling 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:

Dale of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
section 3 of Annexure A See

604 page 2/2 15 July 2001

1. Present relevant Interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's voles
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
		See	section 4 of Annexure A

5. Changes In association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting
interests in the company or scheme are as fo

Name and ACN/ARSN (If applicable)	Nature of association
			See section 5 of Annexure A

6. Addresses

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

Name	Address
	See section 6 of Annexure A

Signature

print name	Mark Wong	capacity	Alternate Director —
	presen
sign here		date	23 February 2026

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 6 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 voling shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies. $(a)$ 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
• 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 $(b)$ 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.

• $(7)$ 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.
• If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write "unknown". $(8)$
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure "A"

Form 604 Notice of Change of Interests of Substantial Holder Elementos Limited

ACN 138 468 756

This is Annexure "A" of 2 pages referred to in the Form 604 (Notice of Change of Interests of Substantial Holder), signed by me and dated 23 February 2026.

Signed: Mark Wong

1. Details of substantial holder

$\sqrt{3}$ 网络魔鹰 子如歌人之名 经投资股票 化段计 $\langle \psi_{\alpha} \rangle$ Substantial holder ("APAC Group") The Siling Police of Party $\sim 100$

APAC Resources Limited and its related bodies corporate, including the entities listed in the first column of the table in section 6 of this Annexure A ("APAC Group")

$\mathcal{F}_{\mathcal{F},\mathcal{G}}$

$\mathcal{L}^{\star}$

$\sigma^2_{\rm eff}$

$\mathcal{L}_\mathrm{g}$ where

$\overline{2}$ . Previous and present voting power

Class of securities (4).	Previous notice	$\cdots$	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares ("Shares")	69,086,292	19.99% (based on 345,614,269 Shares on issue)	69,088,292	15.91% (based on 434, 139, 708 Shares on issue)

$3.$ Changes in relevant interests

Date of: change $\sim I_{\rm A}$	Person whose. relevant interest. $\cdot$ changed $_3$	Nature of change (6) $\mathcal{L} = {1, 2, \ldots }$ . .	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected.
19/02/2026	APAC Group	Dilution due to completion of private placement announced on 17 February 2026	N/A	69,088,292 Shares	69,088,292

$\mathbf{4}$ Present relevant interests

Holder of relevant interest.	Registered holder of securities	Person entitled to be registered as holder(8)	Nature of relevant interest (6)	Class and number of: securities	Person's votes
APAC Group	Metals X Limited	Metals X Limited	APAC Group holds a relevant interest under section 608(3) of the Corporations Act 2001 (Cth) in the same securities in which Metals X Limited has a relevant interest. Any change of interests held by Metals X Limited in Elementos Limited will also result in the same change of interests held by APAC Group in Elementos Limited and may not be separately notified in the future.	69,088,292 Shares	69,088,292

Changes In association 5.

Name and ACN/ARSN (if applicable)	Nature of association
Refer to section 6 of this Annexure A	N/A

$6.$ Addresses

$\overline{a}$

$\cdot$ . Name	Address
APAC Resources Limited	Room 2304, 23rd Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong
APAC Resources Commodity Trading Limited	C/- Room 2304, 23rd Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong
APAC Resources Strategic Holdings Limited	C/- Room 2304, 23rd Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong