Announcement PDF KINGSTONRESOURCES.COM.AU ASX/Media Announcement 202/201 Miller Street, North Sydney, NSW 2060 +61 2 8021 7492 info@kingstonresources.com.au Follow us on X (Twitter) @KSNResources Follow us on LinkedIn #KingstonResources 2026 Annual General Meeting Notice of Meeting, Proxy Form and Letter of Access Kingston Resources Limited (ASX: KSN) attaches the following documents in relation to 2026 Annual General Meeting: • Notice of Meeting; • Proxy Form; and • Letter of Access A copy of the Notice of Meeting may also be viewed and downloded from the ASX website (www.asx.com.au) under ASX code “KSN” or the Company website (https://kingstonresources.com.au). 23 October 2026 This release has been authorised by the Kingston Resources Limited Board. For all enquiries, please contact Company Secretary, Vinod Manikandan, on +61 2 8021 7492. Kingston Resources Limited Unit 202, 201 Miller Street, North Sydney, NSW 2060 ACN: 009 148 529 Kingston Resources Limited Thursday, 26 November 2026 2:00PM AEDT Physical Meeting held at: Hall Chadwick, Level 40, 2 Park Street, Sydney, NSW 2000 https://kingstonresources.com.au/ This Notice of Meeting should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting. Notice of 2026 Annual General Meeting Explanatory Statement | Proxy Form Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 2 Contents Venue and Voting Information 2 Notice of Annual General Meeting – Agenda and Resolutions 4 Notice of Annual General Meeting – Explanatory Statement 9 Glossary 22 Annexure A – Terms of the LTI Options 24 Annexure B – Terms of the STI Options 26 Annexure C – Terms of the Employee Incentive Scheme 28 Proxy Form Attached Important Information for Shareholders about the Company’s 2026 AGM This Notice is given based on circumstances as at 23 October 2026. Should circumstances change, the Company will make an announcement on the ASX market announcements platform and on the Company’s website at https://kingstonresources.com.au/. Shareholders are urged to monitor the ASX announcements platform and the Company’s website. Venue and Voting Information The Annual General Meeting of the Shareholders to which this Notice of Meeting relates will be held at 2:00PM AEDT on Thursday, 26 November 2026 at Hall Chadwick, Level 40, 2 Park Street, Sydney, NSW 2000. Your vote is important The business of the Annual General Meeting affects your shareholding and your vote is important. Voting in person To vote in person, attend the Annual General Meeting on the date and at the place set out above. Voting by proxy To vote by proxy, please use one of the following methods: Online Lodge the Proxy Form online at: https://singleholding.automic.com.au/login by following the instructions: Login to the Automic website using the holding details as shown on the Proxy Form. Click on ‘View Meetings’ – ‘Vote’. To use the online lodgement facility, Shareholders will need their holder number (Securityholder Reference Number (SRN) or Holder Identification Number (HIN)) as shown on the front of the Proxy Form. For further information on the online proxy lodgement process please see the Online Proxy Lodgement Guide at https://www.automicgroup.com.au/virtual- agms/ By post Automic, GPO Box 5193, Sydney NSW 2001 By hand Automic, Level 5, 126 Phillip Street, Sydney NSW 2000 By email Completing the enclosed Proxy Form and emailing it to: meetings@automicgroup.com.au Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 3 Your Proxy instruction must be received not later than 48 hours before the commencement of the Meeting. Proxy Forms received later than this time will be invalid. Power of Attorney If the proxy form is signed under a power of attorney on behalf of a shareholder, then the attorney must make sure that either the original power of attorney or a certified copy is sent with the proxy form, unless the power of attorney has already been provided to the Share Registry. Corporate Representatives If a representative of a corporate shareholder or a corporate proxy will be attending the Meeting, the representative should bring to the Meeting adequate evidence of their appointment, unless this has previously been provided to the Share Registry. Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 4 Notice of Annual General Meeting Notice is hereby given that an Annual General Meeting of Shareholders of Kingston Resources Limited ACN 009 148 529 will be held at 2:00PM AEDT on Thursday, 26 November 2026 at Hall Chadwick, Level 40, 2 Park Street, Sydney, NSW 2000 (Meeting). The Explanatory Statement to this Notice of Meeting provides additional information on matters to be considered at the Annual General Meeting. The Explanatory Statement and the Proxy Form form part of this Notice of Meeting. The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Annual General Meeting are those who are registered Shareholders at 7:00PM AEDT on Tuesday, 24 November 2026. Terms and abbreviations used in this Notice of Meeting and Explanatory Statement are defined in the Glossary. Agenda Ordinary business Financial statements and reports “To receive and to consider the Annual Financial Report of the Company for the financial year ended 30 June 2026 together with the Directors’ declaration, the Directors’ Report, the Remuneration Report and the Auditor’s Report for that financial year.” Note: This item of ordinary business is for discussion only and is not a resolution. Pursuant to the Corporations Act, Shareholders will be given a reasonable opportunity at the Meeting to ask questions about, or make comments in relation to, each of the aforementioned reports during consideration of these items. Resolutions Remuneration Report 1. Resolution 1 – Adoption of Remuneration Report To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “That, for the purpose of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s Annual Financial Report for the financial year ended 30 June 2026.” Note: The vote on this Resolution is advisory only and does not bind the Directors or the Company. Voting Exclusion Statement: In accordance with the Corporations Act, the Company will disregard any votes cast on Resolution 1 by or on behalf of a member of the Company’s key management personnel (including the Directors), whose remuneration details are included in the Remuneration Report (KMP), or any of that person’s Closely Related Parties (such as close family members and any controlled companies of those persons) (collectively referred to as Restricted Voter). However, the Company need not disregard a vote if: Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 5 (a) it is cast by a person as a proxy appointed in writing that specifies how the proxy is to vote on Resolution 1; and (b) it is not cast on behalf of a Restricted Voter. If you appoint the person chairing the Meeting (Chair) and you are not a Restricted Voter, by submitting the Proxy Form you authorise the person chairing the Meeting to exercise the proxy even though Resolution 1 is connected directly or indirectly with the remuneration of a KMP, and you will be taken to have directed the Chair to vote in accordance with his or her stated intention to vote in favour of Resolution 1. If you do not want your vote exercised in favour of Resolution 1, you should direct the person chairing the Meeting to vote “against”, or to abstain from voting on, this Resolution. Election of Director 2. Resolution 2 – Election of Ms. Cath Norman as Director To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “That Ms. Cath Norman, having been appointed as a Director of the Company on 8 October 2026 in accordance with the Company’s Constitution and ASX Listing Rule 14.4, and being eligible for election, be elected as a Director of the Company, effective immediately.” ASX Listing Rule 7.1A (Additional 10% Capacity) 3. Resolution 3 – ASX Listing Rule 7.1A Approval of Future Issue of Securities To consider and, if thought fit, to pass the following resolution as a Special Resolution: “That, for the purposes of ASX Listing Rule 7.1A and for all other purposes, Shareholders approve the issue of equity securities up to 10% of the issued capital of the Company (at the time of issue) calculated in accordance with the formula prescribed in ASX Listing Rule 7.1A.2 and otherwise on the terms and conditions set out in the Explanatory Statement.” Voting Exclusion Statement: The Company will disregard any votes cast in favour of Resolution 3 by or on behalf of: (a) a person who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issue (except a benefit solely by reason of being a holder of ordinary securities in the Company); or (b) an Associate of that person or those persons. However, this does not apply to a vote cast in favour of Resolution 3 by: (i) a person as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or (ii) the Chair of the Meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or (iii) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 6 • the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and • the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Issue of Incentive Securities under the Employee Incentive Scheme 4. Resolution 4 – Approval to Issue Long-Term Share Price Outperformance Options to Mr. Andrew Corbett, Managing Director To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the issue and allotment of 6,073,474 Long-Term Share Price Outperformance Options under the Employee Incentive Scheme to Mr. Andrew Corbett (or his nominee), and otherwise on the terms and conditions set out in the Explanatory Statement.” Voting Exclusion Statement: The Company will disregard any votes cast in favour of Resolution 4 by or on behalf of: (a) Mr. Andrew Corbett (or his nominee), Ms. Cath Norman (or her nominee), Mr. Anthony Wehby (or his nominee), and Mr. Stuart Rechner (or his nominee); (b) a person referred to in rule 10.14.1, 10.14.2 or 10.14.3 who is eligible to participate in the Employee Incentive Scheme; or (c) an Associate of that person or those persons. However, this does not apply to a vote cast in favour of Resolution 4 by: (i) a person as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or (ii) the Chair of the Meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or (iii) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: • the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and • the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Voting Prohibition Statement: In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on Resolution 4 if: (a) the proxy is either: (i) a member of the Company’s Key Management Personnel; or Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 7 (ii) a closely related party of a member of the Company’s Key Management Personnel; and (b) the appointment does not specify the way the proxy is to vote on the resolution. However, the above prohibition does not apply if: (a) the proxy is the Chair of the Meeting; and (b) the appointment expressly authorises the Chair to exercise the proxy even if the Resolution is connected directly or indirectly with remuneration of a member of the Company’s Key Management Personnel. 5. Resolution 5 – Approval to Issue Short-Term Incentive Performance Options to Mr. Andrew Corbett, Managing Director To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the issue and allotment of 2,429,390 Short-Term Incentive Performance Options under the Employee Incentive Scheme to Mr. Andrew Corbett (or his nominee), and otherwise on the terms and conditions set out in the Explanatory Statement.” Voting Exclusion Statement: The Company will disregard any votes cast in favour of Resolution 5 by or on behalf of: (a) Mr. Andrew Corbett (or his nominee), Ms. Cath Norman (or her nominee), Mr. Anthony Wehby (or his nominee), and Mr. Stuart Rechner (or his nominee); or (b) a person referred to in rule 10.14.1, 10.14.2 or 10.14.3 who is eligible to participate in the Employee Incentive Scheme; or (c) an Associate of that person or those persons. However, this does not apply to a vote cast in favour of Resolution 5 by: (i) a person as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or (ii) the Chair of the Meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or (iii) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: • the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and • the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Voting Prohibition Statement: In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on Resolution 5 if: (a) the proxy is either: (i) a member of the Company’s Key Management Personnel; or (ii) a closely related party of a member of the Company’s Key Management Personnel; and (b) the appointment does not specify the way the proxy is to vote on the resolution. Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 8 However, the above prohibition does not apply if: (a) the proxy is the Chair of the Meeting; and (b) the appointment expressly authorises the Chair to exercise the proxy even if the Resolution is connected directly or indirectly with remuneration of a member of the Company’s Key Management Personnel. 6. Resolution 6 – Ratification of Prior Issue of Shares Under Listing Rule 7.1 To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, Shareholders ratify the allotment and prior issue of 125,714,286 Fully Paid Ordinary Shares issued on 25 June 2026 on the terms and conditions described in the Explanatory Statement.” Voting Exclusion Statement: The Company will disregard any votes cast in favour of Resolution 6 by or on behalf of: (a) Farjoy Pty Ltd (or its nominees), Argonaut Partners Pty Limited (or its nominees) or any person who participated in the issue; (b) an Associate of that person or those persons. However, this does not apply to a vote cast in favour of Resolution 6 by: (i) a person as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or (ii) the Chair of the Meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or (iii) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: • the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and • the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. BY ORDER OF THE BOARD Vinod Manikandan Company Secretary Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 9 Explanatory Statement This Explanatory Statement has been prepared for the information of the Shareholders in connection with the business to be conducted at the Annual General Meeting to be held at 2:00PM AEDT on Thursday, 26November 2026 at Hall Chadwick, Level 40, 2 Park Street, Sydney, NSW 2000. The purpose of this Explanatory Statement is to provide information which the Directors believe to be material to Shareholders in deciding whether or not to pass the Resolutions in the Notice of Meeting. If you are in any doubt about what to do in relation to the Resolutions contemplated in the Notice of Meeting and this Explanatory Statement, it is recommended that you seek advice from an accountant, solicitor or other professional advisor. Full details of the business to be considered at the Annual General Meeting are set out below. Agenda Ordinary business Financial statements and reports In accordance with the Constitution and the Corporations Act, the business of the Annual General Meeting will include receipt and consideration of the Annual Financial Report of the Company for the financial year ended 30 June 2026 together with the Directors’ Declaration, the Directors’ Report, the Remuneration Report and the Auditor’s Report. In accordance with the Corporations Act, the Company is no longer required to provide a hard copy of the Company’s Annual Financial Report to Shareholders unless a Shareholder has specifically elected to receive a printed copy. Shareholders may view the Company Annual Financial Report on its website at https://kingstonresources.com.au/. No resolution is required for this item, but Shareholders will be given the opportunity to ask questions and to make comments on the management and performance of the Company. The Company’s auditor will be present at the Meeting. During the discussion of this item, the auditor will be available to answer questions on the: ▪ Conduct of the audit; ▪ Preparation and content of the Auditor’s Report; ▪ Accounting policies adopted by the Company in relation to the preparation of the financial statements; and ▪ Independence of the auditor in relation to the conduct of the audit. Written questions of the auditor If you would like to submit a written question about the content of the Auditor’s Report or the conduct of the audit of the Annual Financial Report of the Company’s auditor, please send your question to the Company Secretary. A list of qualifying questions will be made available at the Meeting. Please note that all written questions must be received at least five business days before the Meeting, which is by Thursday, 19 November 2026. Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 10 Resolutions Remuneration Report Resolution 1 – Adoption of Remuneration Report In accordance with section 250R(2) of the Corporations Act, the Company is required to present to its Shareholders the Remuneration Report as disclosed in the Company’s Annual Financial Report. The vote on the Resolution is advisory only and does not bind the Directors or the Company. The Remuneration Report is set out in the Company’s Annual Financial Report and is also available on the Company’s website at https://kingstonresources.com.au/investor-centre/annual-interim- reports/. However, if at least 25% of the votes cast are against the adoption of the Remuneration Report at the Meeting (subject of this Notice of Meeting), and then again at the 2027 Annual General Meeting (2027 AGM), the Company will be required to put to the vote a resolution (Spill Resolution) at the 2027 AGM to approve the calling of a further meeting (Spill Meeting). If more than 50% of the votes cast are in favour of the Spill Resolution, the Company must convene the Spill Meeting within 90 days of the 2027 AGM. All of the Directors who were in office when the 2027 Directors’ Report was approved, other than the Managing Director, will (if desired) need to stand for re-election at the Spill Meeting. The Remuneration Report explains the Board’s policies in relation to the nature and level of remuneration paid to KMPs (including Directors) and sets out remuneration details, service agreements and the details of any share-based compensation. Voting Note that a voting exclusion applies to Resolution 1 in the terms set out in the Notice of Meeting. In particular, the Directors and other Restricted Voters must not vote on this Resolution and must not cast a vote as proxy, unless the appointment gives a direction on how to vote, or the proxy is given to the Chair and you submit the Proxy Form, authorising the Chair to exercise the proxy even though Resolution 1 is connected directly or indirectly with the remuneration of a KMP and that in doing so you will be taken to have directed the Chair to vote in accordance with the Chair’s stated intention to vote in favour of Resolution 1. Shareholders are urged to read carefully the Proxy Form and to provide a direction to the proxy on how to vote on this Resolution. Directors’ Recommendation The Directors have not made a recommendation for this Resolution. The Chair intends to vote all undirected proxies in favour of this Resolution. Election of Director Resolution 2 – Election of Ms. Cath Norman as Director Ms. Cath Norman having been appointed as Non-Executive Director and Non-Executive Chair of the Company on 8 October 2026 in accordance with the Company’s Constitution, is standing for election in accordance with Listing Rule 14.4, and being eligible, offers herself for election as a Director of the Company. Resolution 2 seeks Shareholder approval for the election of Ms. Cath Norman as Non-Executive Director of the Company. Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 11 Biography of Ms. Cath Norman: Ms. Norman has more than 35 years’ experience in the minerals and oil and gas exploration industry, having held executive positions both in Australia and the UK, as well as operating in Europe, Africa, the Middle East and Australia. A highly experienced executive, Ms. Norman also brings experience in asset capture and monetisation, capital markets, finance, joint ventures, ESG and ASX listed company management to the board. She has an outstanding pedigree of exploration success having led ASX-listed FAR Limited’s successful exploration offshore Senegal, West Africa. The company’s giant oil discovery was named the world’s largest oil discovery for 2014. She was Managing Director from 2011 to 2022. More recently Ms. Norman led ASX-listed graphite explorer Lincoln Minerals Limited out of long- term suspension from the ASX, a position she held until July 2023. Ms. Norman currently is the Non-Executive Chair of BOA Resources (ASX: BOA). Ms. Norman is a member of the Australian Institute of Company Directors and various other professional organisations. The Board considers that Ms. Cath Norman is an independent Non-Executive Director. Directors’ Recommendation The Directors (excluding Ms. Norman) recommend that Shareholders vote for this Resolution. As Ms. Norman is the candidate under this Resolution, she will not chair the meeting while Resolution 2 is being considered. The acting Chair intends to vote all available undirected proxies in favour of this Resolution. ASX Listing Rule 7.1A Resolution 3 – ASX Listing Rule 7.1A Approval of Future Issue of Securities Broadly speaking, and subject to a number of exceptions, Listing Rule 7.1 limits the amount of equity securities that a listed company can issue without the approval of its shareholders over any 12 month period to 15% of the fully paid ordinary securities it had on issue at the start of that period. Under Listing Rule 7.1A, however, an eligible entity can seek approval from its members, by way of a Special Resolution passed at its annual general meeting, to add an additional 10% capacity. An eligible entity for the purposes of Listing Rule 7.1A is an entity that is not included in the S&P/ASX 300 Index and has a market capitalisation less than the amount prescribed by ASX (currently $300 million). As at 21 October 2026, the Company had a market capitalisation of approximately $38.84 million and was therefore an eligible entity for the purposes of ASX Listing Rule 7.1A. If at the time of the Meeting the Company is no longer an eligible entity this Resolution will be withdrawn. This Resolution seeks Shareholder approval by way of a Special Resolution for the Company to have the additional 10% capacity provided for in Listing Rule 7.1A to issue equity securities without further Shareholder approval. If this Resolution is passed, the Company will be able to issue equity securities up to the combined 25% limit in Listing Rules 7.1 and 7.1A without any further Shareholder approval. Kingston Resources Limited | Annual General Meeting – Notice of Meeting and Explanatory Statement 12 If this Resolution is not passed, the Company will not be able to access the additional 10% capacity to issue equity securities without Shareholder approval. Information Required by ASX Listing Rule 7.3A The following information is provided to Shareholders for the purposes of Listing Rule 7.3A. Period for which the approval will be valid An approval under this Listing Rule 7.1A commences on the date of the annual general meeting at which the approval is obtained and expires on the first to occur of the following: (a) the date which is 12 months after the date of the annual general meeting at which the approval is obtained; (b) the time and date of the entity’s next annual general meeting; and (c) the time and date on which Shareholders approve a transaction under Listing Rule 11.1.2 (a significant change to the nature or scale of activities) or 11.2 (disposal of main undertaking). Minimum price at which the equity securities may be issued under Listing Rule 7.1A Any equity securities issued under Listing Rule 7.1A.2 must be an existing quoted class of the Company’s equity securities and issued for cash consideration. The issue price per equity security must not be less than 75% of the volume weighted average market price of the equity securities in that class, calculated over 15 trading days on which trades in that class were recorded immediately before: (a) the date on which the price at which the equity securities are to be issued is agreed by the Company and the recipient of the equity securities; and (b) if the equity securities are not issued within 10 trading days of the date in paragraph (a), the date on which the equity securities are issued. Purposes for which the funds raised by an issue of equity securities under Listing Rule 7.1A may be used As noted above, any equity securities issued under Listing Rule 7.1A.2 must be issued for cash consideration. Accordingly, every issue of equity securities under Listing Rule 7.1A.2 will have an accompanying proposed use of funds at the time of issue. As at the date of this Notice, the Company has not formed an intention to offer any equity securities under Listing Rule 7.1A during the Listing Rule 7.1A mandate period, if Shareholders approve this Resolution. However, if Shareholders approve this Resolution and the Company did raise funds from the issue of equity securities under Listing Rule 7.1A, based on the Company’s existing plans, the Company considers that the funds may be used for the following purposes: (a) the acquisition of new investments; (b) expenditure associated with exploration or drilling; and (c) development of the Company’s existing assets in NSW. Risk of economic and voting dilution to existing ordinary Securityholders If this Resolution is approved, and the Company issues equity securities under Listing Rule 7.1A, the existing Shareholders’ economic and voting power in the Company may be diluted. There is a risk that: (a) the market price for the Company’s equity securities in that class may be significantly lower on the issue date than on the date of the approval under Listing Rule 7.1A; and (b) the equity securities may be issued at a price that is at a discount (as described above)