AuKing Mining Limited Prospectus

Under the proposed Constitution to be adopted as one of the Approval Resolutions, if a non executive Director performs extra consulting or other professional services, the Directors may approve any such fees paid for those services and any payment made for such extra services, will not form part of maximum aggregate amount payable to non-executive Directors. A non executive Director is entitled to be paid travelling and other expenses properly incurred by them in attending Director’s or general meetings of the Company or otherwise in connection with the business of the Company. The remuneration of any executive Director may from time to time be fixed by the Directors. The remuneration may be by way of salary or commission or participation in profits but may not be by commission on, or a percentage of, operating revenue. Except as disclosed in Section 12, no other remuneration will be payable to executive Directors. In addition to the fees noted above, the Directors and the Proposed Directors (or their associated entities) have received the following fees from the Company or in the two years prior to the date of this Prospectus: Year ended 31 December 2018 Director Fees and salary ($) Share based payments ($) Total ($) Huaisheng Peng 9,000 Nil 9,000 Qinghai Wang 7,500 Nil 7,500 Paul Williams 300,000 Nil 300,000 Robert Yang 156,120 Nil 156,120 Note – Dr Peng and Mr Wang were entitled to be paid non-executive director fees of $36,000pa and $30,000pa respectively. From April 2018, they both agreed to defer payment of these fees until the Company’s financial position improved. The Company is seeking Shareholder approval at the General Meeting to issue Shares to Dr Peng, Mr Williams, Mr Yang and Mr Wang in lieu of unpaid directors’ fees. Year ended 31 December 2019 Director Fees and salary ($) Share based payments ($) Total ($) Huaisheng Peng Nil Nil Nil Qinghai Wang Nil Nil Nil Paul Williams 182,564 Nil 182,564 Robert Yang 93,072 Nil 93,072 Note –Dr Peng and Mr Wang were entitled to be paid non-executive director fees of $36,000pa and $30,000pa respectively. From April 2018, they both agreed to defer payment of these fees until the Company’s financial position improved. The Company is seeking Shareholder approval at the General Meeting to issue Shares to Dr Peng, Mr Williams, Mr Yang and Mr Wang in lieu of unpaid directors’ fees. AuKing Mining Limited | PROSPECTUS 207