AuKing Mining Limited Prospectus

Principle number Best practice recommendation Compliance (yes/no) Explanation 2.2 Have and disclose a board skills matrix setting out the mix of skills and diversity that the Board currently has or is looking to achieve in its membership. No 2 Details of the current Directors, their skills, experience and qualifications is set out in the Prospectus. These details, plus a record of attendance at meetings, will be included in the Directors’ Report within the Annual Report in future. No specific skills matrix is currently prepared and disclosed as the Company does not believe its current size and scale warrants that level of detail. The Board regularly evaluates the mix of skills, experience and diversity at Board level. The Board believes that a highly credentialed Board, with a diversity of background, skills and perspectives, will be effective in supporting and enabling delivery of good governance for the Company and value for the Company’s shareholders. Details of the current Directors and the Proposed Directors, their skills, experience and qualifications are set out in the Prospectus. These details, plus a record of attendance at meetings, will be included in the Directors’ Report within the annual report in the future. 2.3 A listed entity should disclose: a. the names of the Directors considered by the Board to be independent Directors; b. if a Director has an interest, position or relationship that might cause doubts about the independence of a Director but the Board is of the opinion that it does not compromise the independence of the Director, the nature of the interest, position or relationship in question and an explanation of why the Board is of that opinion; and c. the length of service of each Director. Yes Upon Completion, the entire current Board will retire and be replaced by the following Board: a. Dr Mark Elliott (Non-Executive, Independent Chairman); b. Mr Peter Tighe (Non-Executive, Independent Director); c. Mr Ian Hodkinson (Non-Executive, Independent Director); and d. Mr ShiZhou Yin (Non-Executive, Non- Independent Director). 2.4 The majority of the Board should be independent directors. Yes The Company considers that the following Proposed Directors are independent directors: a. Dr Mark Elliott; b. Peter Tighe; and c. Ian Hodkinson, being a majority of the Board. 11. Corporate Governance continued 220