PACIFIC RESOURCES LIMITED — Capital/Financing Update 2022

Feb 24, 2022

Announcement Summary

Entity name

AUSTCHINA HOLDINGS LIMITED

Announcement Type

New announcement

Date of this announcement

Friday February 25, 2022

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

code	ASX +security	Security description	Number of +securities tobe quoted	Issue date
AUH		ORDINARY FULLY PAID	1,142,125	25/02/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

AUSTCHINA HOLDINGS LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ACN

Registration number 075877075

1.3 ASX issuer code AUH

1.4 The announcement is

New announcement

1.5 Date of this announcement

25/2/2022

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an

Appendix 3B

Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description AUHAB : OPTION EXPIRING 04-AUG-2023 EX $0.012 TO (Existing Class) ASX +security code and description AUH : ORDINARY FULLY PAID Please state the number of options that were exercised or other +convertible securities that were converted The first date the options were exercised or other +convertible securities were converted 25/2/2022 The last date the options were exercised or other +convertible securities were converted 25/2/2022

1,142,125

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date

25/2/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details

Number of +securities to be quoted1,142,125
Are the +securities being issued for a cash consideration?Yes
In what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.01200000
Any other information the entity wishes to provide about the +securities to be quotedN/A

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will

comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
AUH : ORDINARY FULLY PAID	1,798,666,486

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
AUHAB : OPTION EXPIRING 04-AUG-2023 EX $0.012	80,557,875

AUHAA : CONVERTIBLE NOTES 1

Application for quotation of +securities 6 / 6