AuKing Mining Limited Prospectus

Principle number Best practice recommendation Compliance (yes/no) Explanation 1 Lay solid foundations for management and oversight 1.1 Disclose the respective roles and responsibilities of the board and management and those matters expressly reserved to the board and those delegated to management. Yes The Company’s Board Charter sets out (amongst other things): a. the roles and responsibilities of the Board and of management; and b. the matters expressly reserved to the Board and those delegated to management. A copy of the Board Charter is available on the Company Website. 1.2 Undertake appropriate checks before appointing a person, or putting forward to security holders a candidate for election, as a director and provide security holders with all material information in the Company’s possession relevant to a decision on whether or not to elect or re-elect a director. Yes Prior to the appointment of a person as a Director, or putting forward to Shareholders a candidate for election as a Director, the Company undertakes checks which it believes are appropriate to verify a Director’s character, experience, education, criminal record and bankruptcy history (including for new Directors). The Company will ensure that all material information in its possession relevant to a Shareholder’s decision whether to elect or re-elect a Director, including the information referred to in Recommendation 1.2, is provided to shareholders in any Notice of Annual or Extraordinary General Meeting 1.3 A listed entity should have a written agreement with each director and senior executive setting out the terms of their appointment. Yes Each Director and senior executive of the Company has an agreement in writing with the Company which sets out the key terms and conditions of their appointment including their duties, rights and responsibilities and (to the extent applicable) the matters referred to in the commentary to Recommendation 1.3. 1.4 The company secretary should be accountable directly to the board, through the chair, on all matters to do with the property functioning of the board. Yes The responsibilities of the Company Secretary are set out in the Board Charter. The Company Secretary has a direct line of reporting to the Chairperson and is responsible for: a. advising and supporting the Chairperson and the Board and its committees to manage the day to day governance framework of the Company; b. assisting with Board effectiveness by monitoring whether applicable Board and committee policies, procedures and charters are followed and coordinating timely completion and despatch of Board agendas and papers; and assisting with all matters to do with the proper functioning of the Board including advising on governance matters and assisting with induction and professional development of Directors. AuKing Mining Limited | PROSPECTUS 217