ORION EQUITIES LIMITED — Major Shareholding Notification 2021

May 9, 2021

20210510 OEQ ASX Ceasing to be a Substantial Holder Notice - Azhar Chaudhri & Ors.docx

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme ORION EQUITIES LIMITED (ASX:OEQ) ACN/ARSN 000 742 843

ACN/ARSN

1. Details of substantial holder[(1)]

Name ACN / ABN MR AZHAR CHAUDHRI ( AZHAR ) - RENMUIR HOLDINGS LIMITED ( RENMUIR ) Not Applicable CHI TUNG INVESTMENTS LTD ( CHI TUNG ) Not Applicable

There was a change in the interests of the substantial holder on:

The previous notice was given to the company on: The previous notice was dated:

30 April 2021 28 September 2015 28 September 2015

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest [(2)] of the substantial holder or an associate [(3)] in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Date of change	Person whose relevant interest changed	Nature of change(4)	Consideration given in relation to change(5)	Class(6) and number of securities affected	Person’s votes affected
				Ordinary Shares
30 April 2021	CHI TUNG	Ceased to have a relevant interest (under section 608(3)(a) of the Corporations Act) in OEQ securities in which QUE has a relevant interest, by reason of ceasing to have voting power above 20% in QUE1	N/A	(9,367,653)	(9,367,653)

3. Changes in association

The persons who have become associates [(2)] of, ceased to be associates of, or have changed the nature of their association [(7)] with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
-	-

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
AZHAR	175A Sarwar Road, Rawalpindi, PAKISTAN
RENMUIR	7th Floor, Allied Kajima Building, 138 Gloucester Road, HONG KONG
CHI TUNG	7th Floor, Allied Kajima Building, 138 Gloucester Road, HONG KONG
Queste Communications Ltd ACN 081 688 164 (ASX:QUE) (QUE)	Level 2, 31 Ventnor Avenue, West Perth, Western Australia, 6005

1 Refer Notice of Change in Interests of Substantial Holder in QUE lodged by AZHAR, RENMUIR and CHI TUNG dated 6 May 2021

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20210510 OEQ ASX Ceasing to be a Substantial Holder Notice - Azhar Chaudhri & Ors.docx

Signature

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sign here

print name Azhar Chaudhri

Date 10 May 2021 Personally and as a Director of capacity RENMUIR and CHI TUNG

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(6) The voting shares of a company constitute one class unless divided into separate classes.

(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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