Persistence Gold Group Ltd — Capital/Financing Update 2024

Jan 19, 2024

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) and Hong Kong Securities Clearing Company Limited (‘‘HKSCC’’) 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.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the prospectus dated 14 December 2023 (the ‘‘Prospectus’’) issued by Persistence Resources Group Ltd (集海資 源集團有限公司) (the ‘‘Company’’).

This announcement is made pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong). This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for securities of the Company. This announcement is not a prospectus. Potential investors should read the Prospectus for detailed information about the Company and the Share Offer described below before deciding whether or not to invest in the Offer Shares.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act and in compliance with any applicable state securities laws, or outside the United States unless in compliance with Regulation S under the U.S. Securities Act. There will be no public offer of securities in the United States.

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PERSISTENCE RESOURCES GROUP LTD

集 海 資 源 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2489)

END OF STABILISATION PERIOD, NO STABILISING ACTION

AND

LAPSE OF THE OVER-ALLOTMENT OPTION

END OF STABILISATION PERIOD AND NO STABILISING ACTION

This announcement is made pursuant to Section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong).

The Company announces that the stabilisation period in connection with the Global Offering ended on Thursday, 18 January 2024, being the 30th day after the last day for lodging of applications under the Hong Kong Public Offering.

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Reference is made to the announcement of the Company dated 21 December 2023. The Overall Coordinator confirmed that there had been no over-allocation of the Shares under the International Offering. Therefore, the Over-allotment Option had not been exercised. The Company was informed by the Stabilising Manager that no stabilising action was taken during the stabilisation period.

LAPSE OF THE OVER-ALLOTMENT OPTION

The Company further announces that the Over-allotment Option has not been exercised by the Stabilising Manager (for themselves and on behalf of the Underwriters) during the stabilisation period and lapsed on Thursday, 18 January 2024. Accordingly, no Share was or will be issued by the Company under the Over-allotment Option.

PUBLIC FLOAT

Immediately after the end of the stabilisation period, the Company complies and will continue to comply with the public float requirements under Rule 8.08(1)(a) of the Listing Rules whereby at least 25% of the Company’s total number of issued Shares at all times be held by the public.

By order of the Board

Persistence Resources Group Ltd Shao Xuxin Chairman, Chief Executive Officer and Executive Director

Hong Kong, 19 January 2024

As at the date of this announcement, the Board comprises Dr. Shao Xuxin, Mr. Mackie James Thomas, Mr. Lo Cheuk Kwong Raymond and Mr. Chen Shaohui as executive Directors; and Dr. Malaihollo Jeffrey Francis A, Mr. Chan Ngai Fan, Dr. Zeng Ming and Ms. Liu Li as independent non-executive Directors.

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