EQ RESOURCES LIMITED — Major Shareholding Notification 2023

Aug 1, 2023

605 page 1/2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

EQ RESOURCES LTD.

ACN/ARSN 77 115 009 106

1. Details of substantial holder(1)

Name

PHEIM ASSET MANAGEMENT (M) SDN. BHD.

ACN/ARSN (if applicable)

The holder ceased to be a substantial holder on 11 05 2023/ / The previous notice was given to the company on 29 03 2022/ / The previous notice was dated 29 03 2022/ /

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 votes affected
	See annexure A to this notice

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 PHEIM ASSET MANAGEMENT LETTER BOX NO. 18, 4TH FLOOR, UBN TOWER, JALAN P. RAMLEE (M) SDN. BHD. 50250, KUALA LUMPUR, MALAYSIA

Signature

print name sign here	capacity LEE CHUNG CHENG AUTHORISED SIGNATORY
	date / / 01 08 2023

605 page 2/2 15 July 2001

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.

Annexure A

This is Annexure A referred to in Form 605, Notice of ceasing to be a substantial holder dated 01/08/2023

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Lee Chung Cheng Chief Executive Officer Dated: 01/08/2023
Date of Person whose relevant interest Nature of change (4) Consideration given in Class (6) and number Person's vote
Change changed relation to change (5) of securities affected affected
PHEIM ASSET MANAGEMENT (M) SDN. Placement 988,938.64 24,723,466 fully paid 24,723,466
31/10/22 BHD. ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. Change of Investment n/a 20,114,133 fully paid 20,114,133
01/01/23 BHD. Manager ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 9,601.94 155,000 fully paid 155,000
06/03/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 30,875.67 500,000 fully paid 500,000
09/03/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 7,576.28 120,000 fully paid 120,000
29/03/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 11,379.43 180,000 fully paid 180,000
29/03/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 7,564.31 1200,00 fully paid 120,000
30/03/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 11,361.46 180,000 fully paid 180,000
30/03/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 16,164.80 260,000 fully paid 260,000
31/03/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 24,262.20 390,000 fully paid 390,000
31/03/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 5,819.28 73,962 fully paid 73,962
03/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 6,471.77 85,501 fully paid 85,501
05/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 12,892.56 181,804 fully paid 181,804
08/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 6,061.66 85,483 fully paid 85,483
08/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 6,494.90 91,590 fully paid 91,590
08/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 45,465.27 641,123 fully paid 641,123
08/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 5,271.92 75,618 fully paid 75,618
09/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 2,471.65 35,557 fully paid 35,557
09/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 2,649.24 38,094 fully paid 38,094
09/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 18,591.73 266,663 fully paid 266,663
09/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 6,344.09 91,000 fully paid 91,000
10/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 2,991.70 43,000 fully paid 43,000
10/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 3,201.70 46,000 fully paid 46,000
10/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 22,310.05 320,000 fully paid 320,000
10/05/23 BHD. Sell ordinary shares
PHEIM ASSET MANAGEMENT (M) SDN. 34,361.88 500,000 fully paid 500,000
11/05/23 BHD. Sell ordinary shares
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