Persistence Gold Group Ltd — M&A Activity 2014

Mar 6, 2014

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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for shares of APAC Resources Limited.

APAC RESOURCES LIMITED

亞 太 資 源 有 限 公 司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 1104)

FURTHER DELAY IN DESPATCH OF OFFER DOCUMENT

Financial adviser to APAC Resources Limited

Pursuant to Rule 8.2 of the Takeovers Code, the Offer Document is supposed to be despatched by the Company not later than 13 February 2014, the 21st day from the date of the Announcement, which was published on 23 January 2014. Subsequently, Yu Ming, on behalf of the Company, has applied for a waiver from strict compliance with Rule 8.2 of the Takeovers Code and for a 21-day extension from 13 February 2014 to 6 March 2014 (‘‘Deadline’’), and the Executive has granted the consent.

As the Company intends to include the interim results of the Group for the six months ended 31 December 2013, which was published on 25 February 2014, in the Offer Document, more time is required to complete the Offer Document and the advice letter of the Independent Financial Advisor. Yu Ming, on behalf of the Company, has applied for a waiver from strict compliance with Rule 8.2 of the Takeovers Code and for another 7-day extension of the Deadline, to 13 March 2014, and the Executive has indicated that it is minded to grant the consent.

Shareholders and potential investors are advised to exercise caution when dealing in the Shares during the Offer period, and if they are in any doubt about their position, they should consult their professional advisers.

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Reference is made to the announcements made by APAC Resources Limited (the ‘‘Company’’) dated 23 January 2014 (the ‘‘Announcement’’) and 13 February 2014. Unless otherwise stated, capitalised terms used herein shall bear the same meanings as those defined in the Announcement.

FURTHER DELAY IN DESPATCH OF OFFER DOCUMENT

Pursuant to Rule 8.2 of the Takeovers Code, the Offer Document is supposed to be despatched by the Company not later than 13 February 2014, the 21st day from the date of the Announcement, which was published on 23 January 2014. Subsequently, Yu Ming, on behalf of the Company, has applied for a waiver from strict compliance with Rule 8.2 of the Takeovers Code and for a 21-day extension from 13 February 2014 to 6 March 2014 (‘‘Deadline’’), and the Executive has granted the consent.

As the Company intends to include the interim results of the Group for the six months ended 31 December 2013, which was published on 25 February 2014, in the Offer Document, more time is required to complete the Offer Document and the advice letter of the Independent Financial Advisor. Yu Ming, on behalf of the Company, has applied for a waiver from strict compliance with Rule 8.2 of the Takeovers Code and for another 7-day extension of the Deadline, to 13 March 2014, and the Executive has indicated that it is minded to grant the consent.

Further announcement will be made when the Offer Document is despatched.

Shareholders and potential investors are advised to exercise caution when dealing in the Shares during the Offer period, and if they are in any doubt about their position, they should consult their professional advisers.

By Order of the Board APAC RESOURCES LIMITED Chong Sok Un Chairman

Hong Kong, 6 March 2014

As at the date of this announcement, the Directors are:

Executive Directors

Ms. Chong Sok Un (Chairman), Mr. Andrew Ferguson (Chief Executive Officer) and Mr. Kong Muk Yin

Non-Executive Directors

Mr. Lee Seng Hui, Mr. So Kwok Hoo and Mr. Peter Anthony Curry

Independent Non-Executive Directors

Dr. Wong Wing Kuen, Albert, Mr. Chang Chu Fai, Johnson Francis and Mr. Robert Moyse Willcocks

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statements in this announcement misleading.

• For identification purpose only

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