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PACIFIC RESOURCES LIMITED Capital/Financing Update 2020

Nov 9, 2020

65638_rns_2020-11-09_de6d84e4-6895-4b65-abf5-0386c097aca7.pdf

Capital/Financing Update

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==> picture [166 x 37] intentionally omitted <==

10 November 2020

ASX ANNOUNCEMENT

– Convertible Note Liability Extension of Maturity Date

AustChina Holdings Limited (AUH) is pleased to advise that the $750,000 Convertible Note which was due to mature tomorrow has been extended for a further 6 months.

Treasure Wheel Global Limited, the holder of the note, has given its consent to extend the maturity date to 11 May 2021. The terms of the Note remain unchanged and there is no interest payable on the Convertible Note.

Authorised by

Daniel Chan – Chairman

Further information:

Andrew Fogg – Chief Executive Officer

Bruce Patrick – Chief Operating Officer

AustChina Holdings Limited ABN 20 075 877 075 Level 16, 344 Queen Brisbane Queensland 4000 GPO Box 762 Brisbane Queensland 4001 Australia T +61 7 3229 6606 [email protected] www.austchinaholdings.com