Persistence Gold Group Ltd — Board/Management Information 2020

Jun 22, 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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APAC RESOURCES LIMITED

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(Incorporated in Bermuda with limited liability)

(Stock Code: 1104)

CHANGE OF AUDITOR

This announcement is made by APAC Resources Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors (the “ Board ”) of the Company announces that Deloitte Touche Tohmatsu (“ Deloitte ”) has resigned as the auditor of the Company with effect from 22 June 2020 due to the fact that the Company could not reach a consensus with Deloitte on the level of audit fee to be charged in connection with the annual audit of the Group for the year ending 30 June 2020.

The Board further announces that, with the recommendation of the audit committee of the Board, the Board has resolved to appoint Crowe (HK) CPA Limited (“ Crowe ”) as the new auditor of the Company with effect from 22 June 2020 to fill the casual vacancy following the resignation of Deloitte. Crowe shall hold office until the conclusion of the next annual general meeting of the Company pursuant to the bye-laws of the Company.

Deloitte has confirmed in its letter of resignation that there are no matters connected with its resignation that need to be brought to the attention of the shareholders of the Company.

The Board also confirms that there is no disagreement between the Company and Deloitte and it is not aware of any matters in relation to the change of auditor that need to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its gratitude and appreciation to Deloitte for its professional and quality services rendered to the Group during the past years.

By Order of the Board

APAC Resources Limited Andrew Ferguson Executive Director

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Hong Kong, 22 June 2020

As at the date of this announcement, the directors of the Company are:

Executive Directors

Mr. Brett Robert Smith ( Deputy Chairman ) and Mr. Andrew Ferguson (Chief Executive Officer)

Non-Executive Directors

Mr. Arthur George Dew ( Chairman ) (Mr. Wong Tai Chun, Mark as his alternate) , Mr. Lee Seng Hui and Ms. Lam Lin Chu

Independent Non-Executive Directors

• For identification purpose only

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