(2) Line of Business Trading - iron ore, coal and other steel making raw materials. We have successfully marketed imported metallurgical coal and iron ore in China and other Asia countries since we commenced operations in June 2003, the company will have total shipments over 90 million tons of steelmaking raw materials to our Chinese customers up to the end of 2021. Mining - Since 2007, we have partnered with our key steel mill to establish a mining company for an Australian project. PML Group holds the second-largest share in Grange Resources Limited, which owns and operates Australia’s largest integrated iron ore mining and pellet production business in the northwest region of Tasmania. The Savage River magnetite iron ore mine, located 100 km southwest of Burnie, is a long-life mining asset set to continue operations until 2034. PML has secured the largest portion of Grange’s annual pellet production. Additionally, we are currently finalizing an investment in another Australian coal mine project. Products - we are also expanding our products and shipments to other countries. In 2007, we increased our product for chrome ore from Turkey and Oman both for import to our Chinese customers. In 2008 we expanded our business not only for steel making raw materials but also for steel products export from China to customers in Thailand and Indonesia respectively. In 2021, we have increased the import of Coal shipments from USA Origin and Canada Origin with long term and spot contracts signed with producers and we expect that the total quantity will be about two million tons. Starting in 2022, we began importing Mongolian coal through the Ceke Port. The annual import volume is 200,000 to 250,000 tons. It is expected to exceed 500,000 tons in 2024. The coal quality is high-quality coking coal.

(3) Company Structure Pacific Minerals' interests span commodity trading, shipping and direct equity investments in the resources industry. The company has a regional office in Hong Kong and representative offices in Shanghai.

(4) Prospect PML is aiming to become a regional mineral and metal trader and service provider, focusing on regional steel/metal industry, in particular for Chinese steel/metal industry. It is planning to enter into other steel/metal related raw material sectors rather than carbon steel raw materials, e.g., iron ore and coking coal. Possibility of handling non-ferrous sector and steel trading segment is being studied as well. Furthermore, the Company has intention to build up its own logistic function to handle its own trading volume for customers.

(5) Bank Reference Bank of China (Hong Kong) Limited, Hong Kong The Hong Kong and Shanghai Banking Corporation Limited, Hong Kong DBS Bank (Hong Kong) Limited, Hong Kong. Bank of Communications Co., Limited, Hong Kong.