AuKing Mining Limited Prospectus

Principle number Best practice recommendation Compliance (yes/no) Explanation 8 Remunerate fairly and responsibly 8.1 The Board of a listed entity should: a. have a remuneration committee which: 1. has at least three members, a majority of whom are independent Directors; and 2. is chaired by an independent Director, and disclose: 3. the charter of the committee; 4. the members of the committee; and 5. as at the end of each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; or No Given the current size of the Board, the Company does not have a remuneration committee. The Board considers that it is able to deal efficiently and effectively with remuneration issues and will initially comprise the remuneration committee. In doing so, the Board will be guided by the Board Charter, which is available on the Company Website. The Board as a whole reviews remuneration levels on an individual basis. In doing so, the Board will balance a number of factors, including the Company’s desire to attract and retain high quality directors and senior executives, incentive structures, and the implications for the Company’s reputation and standing if it is seen to pay excessive remuneration. b. if it does not have a remuneration committee, disclose that fact and the processes it employs for setting the level and composition of remuneration for Directors and senior executives and ensuring that such remuneration is appropriate and not excessive. 8.2 A listed entity should separately disclose its policies and practices regarding the remuneration of non-executive Directors and the remuneration of executive Directors and other senior executives. Yes The remuneration of the Directors of the Company is set out in section 10.7 (Directors and Key Management) of this Prospectus. The Company’s policies and practices regarding the remuneration of Non- Executive Directors and the remuneration of executive Directors and other senior executives will be set out in the Remuneration Report contained in each Annual Report. AuKing Mining Limited | PROSPECTUS 227