G-Resources Group Limited — Share Issue/Capital Change 2018

Nov 9, 2018

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)

GRANT OF OPTIONS

On 9 November 2018, 126,000,000 Options were granted, subject to acceptance by the grantees, at an exercise price of HK$0.179 per Ordinary Share, under the Share Option Scheme of the Company.

100,800,000 Options, out of the total 126,000,000, were granted to Directors, a substantial shareholder of the Company and their associates.

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

After Stock Exchange trading hours, on 9 November 2018 (the “ Date of Grant ”) Paladin Limited (the “ Company ”) granted, subject to acceptance by the grantees, an aggregate of 126,000,000 options (the “ Options ”) to subscribe for ordinary shares of HK$0.01 each in the Company (“ Ordinary Shares ”) under the Company’s Share Option Scheme adopted on 8 December 2015, refreshed on 12 December 2016 and refreshed again on 11 December 2017. The details of the Options are:

Date of Grant:

9 November 2018

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Exercise price:

Each Option entitles the holder of the Option to subscribe for one Ordinary Share upon exercise of such Option at an exercise price of HK$0.179 per Ordinary Share, being the highest of (i) the closing price of the Ordinary Shares as stated in the Stock Exchange’s daily quotations sheet on the date of grant; (ii) the average closing price of the Ordinary Shares as stated in the Stock Exchange’s daily quotations sheets for the five business days immediately preceding the date of grant; and (iii) the nominal value of an Ordinary Share

Number of Options granted: 126,000,000 Closing price of Ordinary HK$0.173 per Ordinary Share Shares on Date of Grant: Validity period: The Options are exercisable at any time after they are granted for a period of ten years

100,800,000 Options, out of the total 126,000,000 Options, were granted to Directors, a substantial shareholder (as defined in the Listing Rules) of the Company and their associates (as defined in the Listing Rules) as follows:

	Position held/
	Relationship with	Number of
Name	the Company	Options
Oung Shih Hua, James	Chairman and executive Director	12,600,000
Chan Chi Ho	Non-executive Director	12,600,000
Yuen Chi Wah	Non-executive Director	12,600,000
Oung Da Ming	Substantial shareholder and uncle of Oung Shih	12,600,000
	Hua, James (Chairman and executive Director)

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	Position held/
	Relationship with	Number of
Name	the Company	Options
Oung Shih How	Son and associate of Oung Da Ming (substantial	12,600,000
	shareholder) and cousin of Oung Shih Hua,
	James (Chairman and executive Director)
Hsu Ong Hsiao Ling	Sister and associate of Oung Da Ming	12,600,000
	(substantial shareholder) and aunt of Oung
	Shih Hua, James (Chairman and executive
	Director)
King, Camille V.	Niece and associate of Oung Da Ming	12,600,000
	(substantial shareholder) and cousin of Oung
	Shih Hua, James (Chairman and executive
	Director)
Zee Alfred	Nephew and associate of Oung Da Ming	12,600,000
	(substantial shareholder) and cousin of Oung
	Shih Hua, James (Chairman and executive
	Director)

The grant of the 100,800,000 Options to the Directors, substantial shareholder of the Company and the relevant associates (as defined in the Listing Rules) was reviewed and approved by the independent non-executive Directors of the Company.

By Order of the Board Paladin Limited Oung Shih Hua James Chairman

Hong Kong, 9 November 2018

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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