PILOT ENERGY LIMITED — Major Shareholding Notification 2016

Jun 28, 2016

Form 604: Notice of change of interests of substantial holderin Pilot Energy Limited (ACN 115 229 984)

From	Natalle LonerganPhoneFax	+61 2 9225 5938+61 2 9322 4000	29 June 2016
Pages	ь	Including cover sheet
То		ASX Market Announcements Office
	PhoneFax	1800 021 9651300 135 638
Copy	lain Smith, Managing DirectorPilot Energy Limited
	EmailPhone	ismith@pilotenergy.com.au
	Fax	+61 412 638019+61 8 9389 8327

Please see attached.

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$\mathbf{m}_\mathrm{e}$			604	page 1/2	15 July 2001
		Form 604Corporations Act 2001Section 871B
		Notice of change of interests of substantial holder
To Company Name/Scheme		Pilot Energy Limited (PGY)
ACN/ARSN	115 229 984
1. Details of substantial holder (1)
Name	Tung Leung WongShaoling Wang
ACN/ARSN (if applicable)	n/a
There was a change in the interests of the
substantial holder on		27/06/2016
The previous notice was given to the company on		28/04/2016
The previous notice was dated		28/04/2016

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares	1400.000.000	19.95% (based on2,005,476,834 ordinaryshares on issue)	1,333,340,000	145.37% (based on2,938,816,834lordinary shares onlissue)

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was lest required to give a substantial holding notice to the company or scheme are as follows:

Data ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
SaeAnnexurel	.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantInterest	Registeredholder ofsecurities.	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
1SaeAnnexural10

604 GUIDE

page 1/1 13 March 2000

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Nameandapplicable)--	ACN/ARSN(if	----Nature of association.
Mot applicable.	__	-------Not applicable..

6. Addresses

The addresses of persons named in this torm are as follows:

Namo	Address
Tung Leung Wong	Care of: 18/F Ginza Square 565-567 Nathan Road Mongkok Kowloon, Hong Kong
Sheoling Wong	Care of: 18/F Ginze Square 565-567 Nathan Road Mongkok Kowloon, Hong Kong

Signature

print name	Tung Leung Wong	capacity	Signed with authority ofShaoling Wang and forhimself
sign here	.	dete	- 9/06/2016

DIRECTIONS

if there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager andtrustee of an equity trust), the names could be included in an ann $(1)$ they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred, if subsection 671B(4) applies, a copy $(a)$ of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, acheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement, and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of thesecurities to which the relevant interest relates (indicating clearly the $(b)$

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, $(7)$ become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $(8)$ if the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write "unknown",
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

$(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.

ANNEXURE A

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THIS IS ANNEXURE A OF 1 PAGE REFERRED TO IN FORM 604 (NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER) IN RESPECT OF PILOT ENERGY LIMITED ACN 115 229 984 SIGNED BY ME AND DATED $29$ JUNE 2016

TUNG LEUNG WONG SIGNED WITH AUTHORITY OF SHAOLING WANG AND FOR HIMSELF

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven inrelationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
27/06/2016	Tung Leung Wong	Increase in relevant interestpursuant to sections 608(3)(1) and608(3)(b) of the Corporations Act(Corporations Act) as a result ofissue of fully paid ordinary shares inPGY to the Subscribers pursuant to:a Subscription Agreement,dated 30/03/2016(Subscription Agreement)between PGY and theSubscribers (see Annexure B);andshareholder approval given bythe passing of a resolution atPGY's general meeting on 23June 2016.The Subscription Agreement isannexed to the ASIC Form 603"Notice of initial substantial holder"prepared by the Subscribers inrespect of PGY dated 27 April 2016and released to the ASX on thatdate (Subscribers Form 603).	inil"	933,340,000 fullypaid ordinaryİshares	933,340,000
27/06/2016	Shaoling Wang	Increase in relevant interestpursuant to sections 608(3)(1) and608(3)(a) of the Corporations Act asa result of issue of fully paid ordinaryshares in PGY to the Subscribersipursuant to:the Subscription Agreement;andshareholder approval given bythe passing of a resolution atPGY's general meeting on 23June 2016.	lnil 1	933,340,000 fully paid ordinaryshares	933 340.000

1 Note: each Subscriber paid cash consideration of $0.003 per ordinary share on the date the Subscribers acquired these shares, asdisclosed in the ASIC Form 604 "Notice of change of interests of substantial holder" prep dated 29 June 2016 and released to the ASX on that date (Subscribers Form 604).

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ANNEXURE B

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THIS IS ANNEXURE B OF 1 PAGE REFERRED TO IN FORM 604 (NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER) IN RESPECT OF PILOT ENERGY LIMITED ACN 115 229 984 SIGNED BY ME AND DATED 29 JUNE 2016

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TUNG LEUNG WONG SIGNED WITH AUTHORITY OF SHAOLING WANG AND FOR HIMSELF

SUBSCRIBERS

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ENTITY	JURISDICTIONREGISTERED IN	ACN
BILLION POWER CAPITAL INVESTMENT LIMITED(BPCI)	HONG KONG	N/A
SUNPEX INTERNATIONAL LIMITED (SUNPEX)	HONG KONG	N/A
GS ENERGY PTY LTD (GSE)	AUSTRALIA	607 871 876
AUSTAR NOMINEES PTY LTD (AUSTAR) IN ITSCAPACITY AS TRUSTEE OF THE WANG FAMILYTRUST	AUSTRALIA	600 830 028

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ANNEXURE C

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THIS IS ANNEXURE C OF 1 PAGE REFERRED TO IN FORM 604 (NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER) IN RESPECT OF PILOT ENERGY LIMITED ACN 115 229 984 SIGNED BY ME AND DATED $29$ JUNE 2016

TUNG LEUNG WONG SIGNED WITH AUTHORITY OF SHAOLING WANG AND FOR HIMSELF

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantInterest (6)	Class andnumber ofsecurities	Person's votes
	IBPCI	BPCI	Deemed relevant interest in thoseordinary shares of PGY in which Sunpex	370,380,000 f⊔lly paid ordinarylshares	370,380,000
Tong Leung	Sunpex	Sunpex	holds a relevant interest, being thoseshares that are:registered in Sunpex's name, undersection 608(1)(a) of the CorporationsAct. and	185, 187,000 fullypaid ordinaryshares	185, 187, 000
Wong	GSE	GSE	held by each other Subscriber undersections 608(1)(b) and 608(1)(c) ofthe Corporations Act.as the sole director of Sunpex undersections 608(1) and 608(3)(b) of the	740,747,000 fullypald ordinaryÍshares	740,747,000
	Austar in itscapacity astrustee of TheWang FamilyTrust	Austar in its capacityas trustee of TheWang Family Trust	Corporations Act, as described further inthe Subscribers Form 603.	37,026,000 fullypaid ordinaryshares	37,026,000
	BPCI	BPC)	Deemed relevant interest in thoseordinary shares of PGY in which Sunpex	370,380,000 fullypaid ordinaryishares	370,380,000
	Sunpex	Sunpex	holds a relevant interest, being thoseshares that are:registered in Sunpex's name, undersection 608(1)(a) of the CorporationsAct; and	185, 187,000 fullypaid ordinaryshares	185.187,000
Shaoling Wang	IGSE	GSE	held by each other Subscriber undersections 608(1)(b) and 608(1)(c) ofthe Corporations Act.as the sole shareholder of Sunpex undersections 608(1) and 608(3)(a) of the	740.747,000 fullybaid ordinaryİshares	740 747,000
	Austar in Itscapacity astrustee of TheWang FamilyTrust	Austar in its capacityas trustee of TheWang Family Trust	Corporations Act, as described further inthe Subscribers Form 603.	37,026,000 fullypaid ordinaryIshares	37,026,000

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