G-Resources Group Limited — Capital/Financing Update 2014

Jun 19, 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.

PALADIN LIMITED

(Incorporated in Bermuda with limited liability)

(Stock code: 495 and 642 (Preference Shares))

INSIDE INFORMATION

LAPSE OF PLACING AGREEMENT

This announcement is made by Paladin Limited (the ‘‘Company’’) pursuant to Rule 13.09 of the Rules (the ‘‘Listing Rules’’) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the laws of Hong Kong).

Reference is made to the announcement (the ‘‘Announcement’’) of the Company dated 29 April 2014 in relation to placing of new shares under the General Mandate. Unless otherwise stated, capitalised terms used herein shall bear the same meanings as defined in the Announcement.

The Board announces that the Placing Agreement for the placing of up to 150,400,000 Placing Ordinary Shares and 51,050,000 Placing Preference Shares on a best efforts basis has lapsed.

As stated in the Announcement, the Placing is conditional upon the Listing Committee of the Stock Exchange granting the listing of, and permission to deal in, the Placing Shares (the ‘‘Approval’’) and if such condition is not fulfilled by 30 May 2014 (the ‘‘Long Stop Date’’) (or such other date as may be agreed between the Company and the Placing Agent), the Placing Agreement shall be terminated forthwith and shall cease to have any effect.

Discussion took place between the Company and the Placing Agent after the Long Stop Date to extend the Long Stop Date which ultimately did not result in any such extension.

Since the Company did not obtain the Approval from the Listing Committee of the Stock Exchange by the Long Stop Date and the Long Stop Date was not extended by the Company and the Placing Agent to another date, the Placing Agreement lapsed and ceased to have any effect and the Placing will not proceed.

As disclosed in the Announcement, the net proceeds from the Placing would have been used for repayment of outstanding bank borrowings and general working capital of the Group. The Directors are of the view that the Company will continue to explore other options of financing activities to meet the funds required for the repayment of bank borrowings and operations of the Company.

– 1 –

Trading in the ordinary shares (stock code: 495) and preference shares (stock code: 642) of the Company on the Stock Exchange has been suspended from 1:00 p.m. on Friday, 2 May 2014 and will remain suspended until further notice.

For and on behalf of Paladin Limited

Law Fong Chen Te Kuang Mike Chairman & Chief Executive Officer & Executive Director Executive Director

Hong Kong, 19 June 2014

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Law Fong (Chairman) and Mr. Chen Te Kuang Mike (Chief Executive Officer); two non-executive Directors, namely Mr. Oung Shih Hua, James, and Ms. Lam Chi Wai Tammy; and five independent non-executive Directors, namely Mr. Zhu Pei Qing (Mr. Chen Te Kuang Mike is an alternate Director to Mr. Zhu Pei Qing), Mr. Kwok Wai Chi, Ms. Song Fang Zhou, Mr. Wong Chong Wei Runrun and Ms. Ng Hei Pak.

– 2 –