G-Resources Group Limited — Board/Management Information 2017

Mar 1, 2017

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

PALADIN LIMITED

(Incorporated in Bermuda with limited liability)

(Stock code: 495)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR, RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGE IN COMPOSITION OF BOARD COMMITTEES

The board (the “ Board ”) of directors (the “ Directors ”) of Paladin Limited (the “ Company ” and together with its subsidiaries the “ Group ”) hereby announces that with effect from 1 March 2017:

1. Mr. Luo Rongxuan (“ Mr. Luo ”) was appointed as an independent non-executive director, a member of each of the remuneration committee, nomination committee and audit committee of the Company;

2. Professor Huang Weizong Martin (“ Professor Huang ”) resigned as an independent nonexecutive director, and a member of each of the remuneration committee, nomination committee and audit committee.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Mr. Luo, aged 61, graduated from Radio Department of Anhui University. Mr. Luo has over 35 years of experience in radio management. He was an engineer in Office of Radio Regulation Committee in Anhui Province and the head of the radio monitoring station, and then he was a director of the infrastructure division of Anhui Economic and Information Technology Commission. He worked at Anhui Economic and Information Technology Commission as a director of the private enterprise division before his retirement in 2014.

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Save as disclosed above, Mr. Luo has not held any other directorships in the last three years in public companies, the securities of which are listed on any securities market in Hong Kong or overseas and holds no other positions with the Company or other members of the Group.

No service contract has been entered into between Mr. Luo and the Company in relation to his appointment. Mr. Luo is entitled to receive a monthly director’s fee of HK$10,000. Mr. Luo currently has no fixed term of service with the Company and is subject to retirement by rotation and re-election at the next following general meeting of the Company in accordance with the Bye-laws of the Company.

Mr. Luo does not have any relationship with other directors, senior management, substantial or controlling shareholders of the Company and he does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there are no other matters relating to the appointment of Mr. Luo that need to be brought to the attention of the shareholders of the Company and there is no other information that should be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules.

The Board would like to take this opportunity to express its warmest welcome to Mr. Luo in joining the Board.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Professor Huang resigned as an independent non-executive director of the Company with effect from 1 March 2017 due to his other work commitments. Upon resignation, Professor Huang ceased to be the member of each of the remuneration committee, nomination committee, audit committee. Professor Huang confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to thank Professor Huang for his contribution to the Company during his tenure of office.

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LIST OF DIRECTORS AND THEIR ROLES AND FUNCTIONS

The members of the Board with effect from 1 March 2017 are set out below:

Executive Director

Dr. Oung Shih Hua, James (Chairman)

Non-executive Directors

Mr. Chan Chi Ho Mr. Yuen Chi Wah

Independent non-executive Directors

Dr. Au Chik Lam Alexander Mr. Liu Man Kin Dickson Mr. Luo Rongxuan

The details of the current membership of the committees are set out below:

Audit committee	Remuneration committee	Nomination committee
Mr. Liu Man Kin Dickson	Mr. Liu Man Kin Dickson	Dr. Oung Shih Hua, James
(Chairman)	(Chairman)	(Chairman)
Dr. Au Chik Lam Alexander	Dr. Au Chik Lam Alexander	Dr. Au Chik Lam Alexander
Mr. Chan Chi Ho	Dr. Oung Shih Hua James	Mr. Liu Man Kin Dickson
Mr. Luo Rongxuan	Mr. Luo Rongxuan	Mr. Luo Rongxuan

By order of the board of directors of Paladin Limited Oung Shih Hua, James Chairman

Hong Kong, 1 March 2017

As at the date of this announcement, the Chairman and executive director of the Company is Dr. Oung Shih Hua, James; the non-executive directors of the Company are Mr. Yuen Chi Wah and Mr. Chan Chi Ho; and the independent non-executive directors of the Company are Dr. Au Chik Lam Alexander, Mr. Liu Man Kin Dickson and Mr. Luo Rongxuan.

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