G-Resources Group Limited — Capital/Financing Update 2017

Nov 28, 2017

PALADIN LIMITED

(Incorporated in Bermuda with limited liability)

(Stock code: 495)

CONDITIONS

1. No Excluded Shareholder is permitted to apply for any Convertible Note(s)/new Share(s) in the Share Alternative.

2. No receipt will be issued in respect of any application monies received but certificate(s) for any Convertible Note(s)/new Share(s) in the Share Alternative in respect of which the application(s) is/are accepted in full or in part will be sent to the allottee(s) or, in the case of joint allottees, to the first named allottee by ordinary post, at their own risk, at the address stated on the form(s).

3. Completion of this application form will constitute an instruction and authority by the applicant(s) to the Company and/ or Computershare Hong Kong Investor Services Limited or any person nominated by them for the purpose, on behalf of the applicant(s), to execute any registration of this application form or other documents and, generally, to do all such other things as such company or person may consider necessary or desirable to effect registration in the name(s) of the applicant(s) of the Convertible Note(s)/new Share(s) in the Share Alternative applied for in accordance with the arrangements described in the Offering Documents.

4. The applicant(s) for Convertible Note(s)/new Share(s) in the Share Alternative undertake to sign all documents and to do all other acts necessary to enable them to be registered as the holders of Convertible Note(s)/new Share(s) in the Share Alternative which he/she/they has/have applied for subject to the Bye-Laws of the Company.

5. Completion and return of this application form together with a cheque or banker’s cashier order in payment for the Convertible Note(s)/new Share(s) in the Share Alternative which are the subject of this form will constitute a warranty by the applicant(s) that the cheques or banker’s cashier orders will be honoured on first presentation. All cheques and banker’s cashier orders will be presented for payment following receipt and all interest earned on such monies (if any) will be retained for the benefit of the Company. If the cheque or banker’s cashier order is not honoured on first presentation, this application form will be rejected.

6. Your right to apply for Convertible Note(s)/new Share(s) in the Share Alternative is not transferable or renounceable.

7. The Company reserves the right to accept or refuse any application(s) for Convertible Note(s)/new Share(s) in the Share Alternative which does/ do not comply with the application procedures set out herein.

8. In the event of inconsistency, the English version of this application form shall prevail over the Chinese version.

PROCEDURES FOR APPLICATION

You may apply for any number of Convertible Note(s) and/or new Share(s) in the Share Alternative that is equal to or less than your assured allotment set out in Box B by filling in this application form.

To apply for a number of Convertible Note(s)/new Share(s) in the Share Alternative which is less than your assured allotment, enter in Box D of this application form the number of Convertible Note(s)/new Share(s) in the Share Alternative for which you wish to apply for respectively and the total amount payable (calculated as number of Convertible Note(s)/new Share(s) in the Share Alternative applied for multiplied by HK$0.25). If the amount of the corresponding remittance received is less than that required for the number of Convertible Note(s)/new Share(s) in the Share Alternative applied for, the applicant(s) will be deemed to have applied for such lesser number of Convertible Note(s)/new Share(s) in the Share Alternative for which full payment has been received.

If you wish to apply for the exact number of Convertible Note(s)/new Share(s) in the Share Alternative set out in Box B of this application form, this number MUST BE inserted in Box D of this application form. If no number is inserted in Box D or any other information in the application form, cheque and/or banker’s cashier order is missing, incomplete or erroneous, the application will be considered as invalid and be void unless such missing, incomplete or erroneous information has been completed and rectified.

This application form, when duly completed, to which the appropriate remittance(s) should be stapled accordingly, should be folded once and must be returned to the Company’s branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17/F, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong, by no later than 4:00 p.m. on Tuesday, 12th December, 2017. All remittance(s) must be made in Hong Kong dollars by cheques or banker’s cashier orders and cheques must be drawn on an account with, or banker’s cashier orders must be issued by, a licensed bank in Hong Kong, made payable to “ PALADIN LIMITED – OPEN OFFER ACCOUNT ” and crossed “ Account Payee Only ” for application for Convertible Note(s)/new Share(s) in the Share Alternative. Unless this application form, together with the appropriate remittance shown in Box C or Box D (as the case may be) of this application form has been received by 4:00 p.m. on Tuesday, 12th December, 2017, your right to apply for the Convertible Note(s)/new Share(s) in the Share Alternative and all rights in relation thereto shall be deemed to have been declined and will be cancelled.

You will receive one share certificate for all the new Share(s) in the Share Alternative and/or one certificate for all the Convertible Notes to be issued to you. Certificates are expected to be posted by ordinary post on or before Wednesday, 20th December, 2017 at your own risk.