G-Resources Group Limited — Capital/Financing Update 2014

Dec 8, 2014

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

PALADIN LIMITED

(Incorporated in Bermuda with limited liability) (Stock code: 495 and 642 (Preference Shares))

RESULTS OF THE OPEN OFFER OF CONVERTIBLE NOTES WITH AN ORDINARY SHARE ALTERNATIVE

Reference is made to (1) the announcement of the open offer of Paladin Limited (the “ Company ”) dated 26 September, 2014; (2) the open offer offering document of the Company dated 29 October, 2014 (the “ Offering Document ”) and (3) the announcements of the results of the open offer dated 20 November, 2014, and 3 December, 2014 (the “ Results Announcement ”). Unless otherwise stated, capitalised terms used herein shall have the same meanings as defined in the Offering Document.

RESULTS OF THE OPEN OFFER ON EAFs

10 applications for Convertible Notes in excess of assured allotments of an aggregate principal amount of HK$98,166,909.00 were received. 43 applications were received for a total of 1,399,989,497 Ordinary Shares in excess of assured allotments. The Board will allocate the Convertible Notes, in excess of assured allotments, on a pro-rata basis with reference to the amounts of excess Convertible Notes, with the Ordinary Shares in the Share Alternative applied for by the Qualifying Shareholders.

1

DESPATCH OF CERTIFICATES AND REFUND CHEQUES

It is expected that certificates for the Convertible Notes and the Ordinary Shares in the Share Alternative in respect of valid applications on EAFs under the Open Offer will be despatched to the relevant Shareholders by post to their registered addresses on or before 12 December, 2014. Refund cheques in respect of wholly or partially unsuccessful applications for the Convertible Notes in excess of assured allotments, with the Ordinary Shares in the Share Alternative, are also expected to be posted on or before 12 December, 2014 by ordinary post to the applicants at their own risk.

Dealings in the Ordinary Shares in the Share Alternative allotted to applicants on EAFs are expected to commence on the Stock Exchange at 9:00 a.m. on 15 December, 2014.

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

Hong Kong, 8 December, 2014

As at the date of this announcement, the Chairman and executive director of the Company is Dr. Oung Shih Hua James; the two 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 Mr. Kwok Wai Chi and Professor Huang Weizong Martin.

2