G-Resources Group Limited — Capital/Financing Update 2017

Nov 20, 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.

This announcement appears 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)

ANNOUNCEMENT DELAY IN DESPATCH OF OFFERING DOCUMENTS IN RELATION TO PROPOSED OPEN OFFER ON THE BASIS OF ONE (1) CONVERTIBLE NOTE WITH SHARE ALTERNATIVE FOR EVERY FIVE (5) EXISTING SHARES HELD ON THE RECORD DATE AND REVISION TO EXPECTED TIMETABLE

Reference is made to the announcement of Paladin Limited (the “ Company ”) dated 31st October, 2017 in relation to the proposed Open Offer on the basis of one (1) Convertible Note with Share Alternative for every five (5) existing Shares held on the Record Date (the “ Announcement ”). Unless otherwise defined herein, terms used in this announcement shall have the same meanings as those defined in the Announcement.

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As disclosed in the Announcement, the Offering Documents is expected to be despatched on or about Wednesday, 22nd November, 2017. As additional time is required for the Company to seek for and finalise the contents of the overseas legal advice regarding the feasibility of extending the Open Offer to the Overseas Shareholders to be contained in the Offering Documents, the despatch of the Offering Documents is expected to be postponed to a date on or about Tuesday, 28th, November, 2017. As a result of the delay in the despatch of the Offering Documents, the expected timetable for the proposed Open Offer has been revised as follows:

Event2017
Despatch of Offering Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 28th November
Latest time for application, and
payment, for the Convertible
Notes or Shares in the Share
Alternative in assured allotments and
in excess of assured allotments . . . . . . . . . . . . . . . . . 4:00 p.m. on Tuesday, 12th December
Latest time for Underwriting
Agreement to become unconditional . . . . . . . . . . . . 4:00 p.m. on Thursday, 14th December
Announcement of results of the Open Offer . . . . . . . . . . . . . . . . . . . Tuesday, 19th December
Certificates for the Convertible
Notes and Shares in the Share
Alternative to be despatched on or before . . . . . . . . . . . . . . . . . Wednesday, 20th December
Refund cheques in respect of wholly
or partially unsuccessful applications for
excess Convertible Notes and, or Shares in
the Share Alternative to be posted on or before . . . . . . . . . . . . . Wednesday, 20th December
Trading in Shares in the Share Alternative . . . . . . . . . .9:00 a.m. on Thursday, 21st December

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All times and dates in this announcement refer to Hong Kong local times and dates. Shareholders should note that the dates or deadlines specified in the revised expected timetable of the Open Offer as set out above, and in other parts of this announcement, are indicative only and may be varied by agreement between the Company and the Underwriter. In the event that any special circumstances arise, the Board may extend, or make adjustments to, the revised expected timetable if it considers appropriate. Any such extension or adjustment to the revised expected timetable will be published or notified to the Shareholders and the Stock Exchange as and when appropriate.

The book closing dates for the register of members remain unchanged, which are between Wednesday, 15th November, 2017 and Tuesday, 21st November, 2017. The Record Date also remains unchanged on Tuesday, 21st November, 2017.

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

Hong Kong, 20th November, 2017

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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