PACIFIC RESOURCES LIMITED — Capital/Financing Update 2024

May 7, 2024

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

AUSTCHINA HOLDINGS LIMITED

Announcement Type

New announcement

Date of this announcement

8/5/2024

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Options over ordinary shares - Placement options	90,869,852
confirmed

Proposed +issue date 24/6/2024

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

AUSTCHINA HOLDINGS LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

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

8/5/2024

1.6 The Proposed issue is:

A placement or other type of issue

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 7/6/2024 Actual

Comments

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

Have you received confirmation fromASX that the terms of the proposed+securities are appropriate andequitable under listing rule 6.1?Will the entity be seeking quotationof the 'new' class of +securities onASX?ASX +security codeNew class-code to be confirmed+Security descriptionOptions over ordinary shares - Placement optionsNoNo	Have you received confirmation fromASX that the terms of the proposed+securities are appropriate andequitable under listing rule 6.1?Will the entity be seeking quotationof the 'new' class of +securities onASX?ASX +security codeNew class-code to be confirmed+Security descriptionOptions over ordinary shares - Placement optionsNoNo
New class-code to be confirmed	Options over ordinary shares - Placement options

+Security type

Options

Number of +securities proposed to be issued

90,869,852

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes	Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes	Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes	Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes	Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes	Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes	Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes	Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes	Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes	Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD 0.00050Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesYes
	Will al
		l the +securities issue	in this	class rank equ	ally in all respects fro	m
	their iYes	ssue date?
		ils
+Security currencyAUD - Australian DollarExercise priceAUD 0.0140Expiry date7/6/2026Details of the type of +security that will be issued if the option is exercisedAUH : ORDINARY FULLY PAIDNumber of securities that will be issued if the option is exercised90,869,852Please provide a URL link for a document lodged with ASX setting out the material terms of the +securitiesproposed to be issued or provide the information by separate announcement.		rity currency
			Exercise pri		ceExpiry date
	AUD -	Australian Dollar		AUD 0.0140		7/6/2026
	Detail	s of the type of +securi
			ty that	will be issued if	the option is exercise	d
	AUH :	ORDINARY FULLY PAI
			D

Part 7C - Timetable

7C.1 Proposed +issue date 24/6/2024

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

7/6/2024

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

To enable the holders of AUHO to continue to participate in the ongoing development of the Company.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

Appendix 3B - Proposed issue of securities

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