AuKing Mining Limited Prospectus

Principle number Best practice recommendation Compliance (yes/no) Explanation 1.5 A listed entity should: – have and disclose a diversity policy; – through its Board or a committee of the Board set measurable objectives for achieving gender diversity in the composition of its Board, senior executives and workforce generally; and – disclose in relation to each reporting period: 1. the measurable objectives set for that period to achieve gender diversity; 2. the entity’s progress towards achieving those objectives; and 3. either the respective proportions of men and women on the Board, in senior executive positions and across the whole workforce (including how the entity has defined “senior executive” for these purposes) or, if the Company is a relevant employer” under the Workplace Gender Equality Act 2012 (Cth) , the Company’s most recent “Gender Equality Indicators”, as defined in and published under that Act. Yes The Company seeks to treat everyone with fairness and respect which includes valuing diversity and difference and acting without prejudice. The Company believes that decision-making is enhanced through diversity and supports and encourages diversity at all levels of the organisation in accordance with the Company’s Diversity Policy. A copy of the Diversity Policy is available on the Company Website. The Board assesses any measurable objectives for achieving gender diversity and annually reviews any such objectives and the Company’s progress towards achieving them. The Board reports at least annually on the relative proportion of women and men appointed or employed within the Company group. The Diversity Policy outlines requirements for the Board to develop measurable objectives for achieving diversity, and annually assess both the objectives and the progress in achieving those objectives. Accordingly, the Board is developing objectives regarding gender diversity and aims to achieve these objectives over the next five years as Director and senior executive positions become vacant and appropriately qualified candidates become available. Disclosure of measurable objectives, progress and respective proportions will be disclosed in the Annual Report. 1.6 A listed entity should: a. have and disclose a process for periodically evaluating the performance of the Board, its committees and individual Directors; and b. disclose for each reporting period whether a performance evaluation was undertaken in accordance with that process during or in respect of that period. No 1 The Board Charter details the Company’s commitment, responsibility and process to evaluate the performance of the Board, individual Directors, the Chairperson and Committees of the Board. The Board Charter is available on the Company Website. The Board did not conduct a Board performance evaluation during the last 12 months. The Company believes that the small size of the executive team and the current scale of the Company’s activities makes the establishment of a formal performance evaluation procedure unnecessary. Performance evaluation is a discretionary matter for consideration by the entire Board. In the normal course of events the Board reviews performance of the Management, Directors and the Board as a whole. Achievement of goals and business development and compliance issues are evaluated regularly on an informal basis. 11. Corporate Governance continued 218