PACIFIC RESOURCES LIMITED — Board/Management Information 2020

Nov 23, 2020

24 November 2020

ASX ANNOUNCEMENT

BOARD CHANGES

AustChina Holdings Limited (AUH) is very pleased to announce that Mr David Morris has today been appointed as a Non-executive Director of AustChina Holdings Limited.

Mr Morris is a distinguished international expert on risks and opportunities in the international business environment, who has had a global career as diplomat, senior political adviser and international consultant.

A detailed summary of Mr Morris' education, experience and current endeavors is attached.

Mr William Ko will be retiring as a Director on 30 November 2020 and the Board and Management thanks him for his service and wishes him all the best for the future.

Authorised by the Board

Daniel Chan – Chairman

Further information:

Andrew Fogg – Chief Executive Officer Bruce Patrick – Chief Operating Officer

DAVID MORRIS

Vice President, UN ESCAP Sustainable Business Network Senior Research Fellow, Beijing Foreign Studies University

David Morris is a distinguished international expert on risks and opportunities in the international business environment. He has had a global career as diplomat, senior political adviser and international consultant.

He is Vice President of the United Nations Sustainable Business Network for Asia Pacific, which advises the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). He chaired the UN ESCAP Asia Pacific Business Forum in 2019, which was held for the first time in Papua New Guinea.

David has advised governments, businesses, universities, regional organisations and the United Nations. His network of partners covers the world, forecasting future trends, identifying opportunities, analysing risks and building understanding, relationships and reputations.

His international consultancy, David Morris Projects OÜ, harnesses a global network and expertise to consult to organisations in China, Europe and across the Asia Pacific. David is Senior Expert for China, East Asia, Australia and the Pacific with LM Prisk Political Risk & Strategic Advisory. Until recently, he was the Pacific Trade and Investment Commissioner for China, based in Beijing.

David is Senior Research Fellow, Research Center for Pacific Studies, Beijing Foreign Studies University, and is currently completing a PhD on risks and opportunities on the Belt and Road with Corvinus University of Budapest, where he also lectures on Asian Studies and Political Economy, as well as guest lecture

davidmorrisprojects.com

Tel +86-199-6279-5807 +36-70-279-4179 Twitter @dm_aus david@davidmorrisprojects.com

DAVID MORRIS

Vice President, UN ESCAP Sustainable Business Network Senior Research Fellow, Beijing Foreign Studies University

roles in Australia, Austria and China. He is Academic Adviser to Liaocheng University and a member of the Editorial Board of the Blue Book on the Pacific published by Sun Yat-Sen University. David graduated with a BA (Honours) from the University of Sydney and has an MBA from one of Europe's leading business schools, Henley Business School.

He established and was the first Executive Director of the China Studies Centre at the University of Sydney. He has advised on complex international investments, brand identity and marketing campaigns including for nations, and world-leading stakeholder engagement and leadership dialogue events.

David served as an Australian diplomat for a decade. He analysed security challenges from South East Asia to the Balkans and was a major contributor to highly-respected reform proposals for the United Nations and peacekeeping. He developed new soft power strategies to support Australian business and cultural promotion around the world.

David also worked for a decade as a senior political adviser. He led major policy reforms in governance, international trade promotion, environmental protection, healthcare, industry and regional development. He coordinated trade and investment missions between Australia and China, Japan, India, Malaysia and the US. He managed campaigns, built impactful media relations and innovated in social media and targeted promotions.

Recent publications:

"Political Risk on the Belt and Road", in Moldicz, C (ed), A Geopolitical Assessment of the Belt and Road Initiative, Budapest Business School, 2020

"Die BRI – globale Chancen mit politischen Risiken", China Contact, 3/2020

"The Asian Infrastructure Investment Bank", Palgrave Encyclopedia of Global Security Studies, 2020

"Social Credit", The Interpreter, Lowy Institute, 2020

"There is no Substitute for Cooperation in Sustainable Development, Expert Blogs, United Nations ESCAP, 2020

davidmorrisprojects.com

Tel +86-199-6279-5807 +36-70-279-4179 Twitter @dm_aus

david@davidmorrisprojects.com

DAVID MORRIS

Vice President, UN ESCAP Sustainable Business Network Senior Research Fellow, Beijing Foreign Studies University

"China Fear in a Time of Covid", 4:1 kki.hu, Institute of Foreign Affairs and Trade, 2020

"It's time for a Pacific 'step in' to Australia's council of governments", The Mandarin, April 6, 2020

"Decade of Risk", Asia Global Online, April 1, 2020

"The Belt and Road Initiative and the Geopolitics of the South Pacific", Research on Pacific Island Studies, Social Sciences Academic Press, Beijing, 2019

"Challenges and Opportunities of Belt and Road Initiative Cooperation between China and Papua New Guinea" (with Dr Shen Yujia), Blue Book of Oceania 2018-2019, Social Sciences Academic Press, Beijing, 2019

"Australia's Pacific 'Step Up' Stumbles", Asia Global Online, September 5, 2019

"Australia-China Geopolitics and the South Pacific", China Focus, December 26, 2018

"Australia, China and the Pacific: Partnerships Better Than Confrontation", China Focus, November 19, 2018

"Papua New Guinea: A new gold mountain?", CGTN, September 2, 2018

"To see the future, look at Shenzhen", CGTN, August 6, 2018

"Hungary: China's Best Friend in Central Europe", China Plus, May 29, 2018

"The China Hedge", Hungary Today, May 10, 2018

"Blue Economy links China to Pacific", China Radio International, January 4, 2018

"Positioning for the Future: the Pacific Islands in the Asia Pacific Century", Blue Book of Oceania 2016-17, Social Sciences Academic Press, Beijing, 2017

"Rising in the East", Hungarian Review, July 2017

"A remote Pacific Island faces up to China", The Diplomat, June, 2017

"Rising to the challenge of the Asia Pacific Century: proposals for the Pacific region", DevPolicy, May 15, 2017

davidmorrisprojects.com

Tel +86-199-6279-5807 +36-70-279-4179 Twitter @dm_aus

david@davidmorrisprojects.com