Ann: Long Term Suspended Entities, page-2

If we recall in the Chairmans letter in AR 2021, released Mar 2022, Cornelius stated that the project finance facility was was secured "almost immediately" after the UN sanctions were lifted in 2019. Based on Cornelius' statement in AR2021 could it then be inferred from his statement, that the new US Sanctions in late 2021 meant that the project finance facility may have actually fallen away almost immediately after these santions were implemented and thus was not available to DNK or the project, which in turn would impact the project viability? Development Banks, rely on the US banking system, are risk averse and are likely impacted by Sanctions.Then 6 months later DNK announce the sale process in Oct 2022, after years of trying to raise finance-seems like an unusual decision in the absence of any clarity on the impact of sanctions on the project finance. Given its generally known that Chinese DD historically takes longer than usual, is it fair to say that this board has known or ought to have known that they required an additional asset to avoid suspension in the event of a fire sale, asset sale, since as early as March/April/May 2022 or perhaps as early as when the US sanctions were announced in Nov 2021? Listing rules are clear on asset disposals and trading requirements. Whatever the answer, this board seems to lack the ability to plan ahead. This has dragged on long enough. If Duketon is an example of how Cornelius as Chairman is prepared to spend asset sale money, maintaining a lifestyle, we're better off winding this up now.