PACIFIC RESOURCES LIMITED — Director's Dealing 2020

May 10, 2020

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity AUSTCHINA HOLDINGS LIMITED ABN 20 075 877 075 Date 11 May 2020

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	DANIEL KIN‐WAH CHAN
Date of last notice	13 November 2019

Part 1 ‐ Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Mr Daniel Kin‐Wah Chan is the son of Mr
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Anthony Chan who is a Director andShareholder of Loyal Strategic Investment
	Ltd, the holding company of Treasure
	Wheel Global Limited, which is the
	beneficial owner of the shares.
Date of change	11 May 2020
No. of securities held prior to change	826,328,803
Class	Ordinary Fully Paid Shares
Number acquired	80,544,555
Number disposed	Nil
Value/Consideration	$250,000 – reduction in face value of
Note: If consideration is non‐cash, provide details and estimatedvaluation	convertible note

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	906,873,358
Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	Partconversionof$250,000ofaConvertible Note into Shares approved byShareholders at the Annual GeneralMeeting held on 30 November 2016.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	One Convertible Note issued following shareholderapproval at the Annual General Meeting held on30 November 2016. The Note had a term of 24months, which has since been subject toextensions and is convertible into shares at a priceper share of 10 day VWAP x 0.915 at the time ofconversion. The Note is interest free.
Nature of interest	Mr Daniel Chan is the son of Mr Anthony Chan whois a Director and Shareholder of Loyal StrategicInvestment Ltd, the holding company of TreasureWheel Global Limited, which is the registeredholder of the Convertible Note.
Name of registered holder(if issued securities)	Treasure Wheel Global Limited
Date of change	11 May 2020
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	1 Convertible Note @ $1.0m
Interest acquired	Nil
Interest disposed	Nil
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	$250,000 reduction in face value of ConvertibleNote. Converted to shares as set out in “Part 1 ‐Change of director’s relevant interests in securities’of this Notice
Interest after change	1 Convertible Note @ $750,000

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3