G-Resources Group Limited — Capital/Financing Update 2017

Jun 19, 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)

NOTICE TO DESIGNATE BANK ACCOUNT IN CONNECTION WITH POSSIBLE REDEMPTION OF CONVERTIBLE REDEEMABLE PREFERENCE SHARES

The Company intends to give notice to redeem, the Preference Shares on or about 3 July 2017. The redemption price will be HK$0.25 per Preference Share.

This is a statement of intention only and is not a notice of redemption for the purposes of the Preference Shares.

The total number of Preference Shares originally issued by the Company was 264,135,807 Preference Shares. 227,426,669 Preference Shares have since been converted into ordinary shares of the Company and 10,866,320 Preference Shares have since been redeemed by the Company at the request of their holders. At the date of this announcement 25,842,818 Preference Shares remain in issue.

Under the terms of the Preference Shares, amongst other things, if there are fewer than 80 million Preference Shares in issue the Company has the right by notice in writing to holders of Preference Shares to redeem all or any of the then outstanding Preference Shares.

The Company is planning to give notice on or about 3 July 2017 that all Preference Shares will be redeemed at a price of HK$0.25 per Preference Share on or about 5 July 2017. After this redemption, the Preference Shares will cease to exist and all unpaid amounts on them will become a liability of the Company. The expected timetable in respect of the possible redemption is set out below. This is subject to change and any changes will be announced.

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2017

Last time for registration of transfers of Preference Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30pm, 28 June 2017 Notice of redemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 July 2017 Redemption date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 July 2017

Redemption sums expected to be paid on (see below subject to receipt of bank account details). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 July 2017

Any changes to this timetable will be announced.

NOTICE TO DESIGNATE BANK ACCOUNT

Under the terms of the Preference Shares, amongst other things, payments made by the Company in respect of the Preference Shares pursuant to the terms and conditions of the Preference Shares shall be made into such bank account as the relevant Preference Shareholder may notify the Company by at least 7 days’ prior notice .

Holders of Preference Shares who have not previously notified the Company of a Hong Kong dollar bank account for the purposes of payment of amounts in respect of their Preference Shares are urged to do so as soon as possible to minimise delays in payment to them of sums payable on redemption of their Preference Shares if and when the Company gives notice of redemption.

This is a statement of intention only and is not a notice of redemption for the purposes of the Preference Shares. Holders of Preference Shares who are in any doubt as to the action to be taken should consult their licensed securities broker, bank manager, solicitor, professional accountant or other professional advisor.

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INTERPRETATION

In this announcement, unless the context otherwise requires, the following expressions have the following meanings: –

“HK$” Hong Kong dollars;

“Hong Kong” the Hong Kong Special Administration Region of the People’s Republic of China;

“Paladin” or “Company” Paladin Limited, an exempted company incorporated in Bermuda with limited liability, whose ordinary shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited; and

“Preference Shares” the convertible redeemable preference shares of HK$0.25 each in Paladin.

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

Hong Kong, 19 June 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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