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PERSISTENCE RESOURCES GROUP LTD / 集海資源集團有限公司
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings
as those defined in the prospectus dated 14 December 2023 (the “ Prospectus”) issued by  Persistence
Resources Group Ltd (the “Company”).

Warning:  In view of high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the Shares  could move
substantially even with a small number of Shares  traded and should exercise extreme caution when
dealing in the Shares.
SUMMARY

Company information
Stock code  2489
Stock short name  PERSISTENCE RES
Dealings commencement date  22 December 2023*
*see note at the end of the announcement

Price Information
Final Offer Price  HK$0.55
Offer Price Range HK$0.55 - HK$0.75
Offer Price Adjustment exercised  No

Offer Shares and Share Capital
Number of Offer Shares  500,000,000
Number of Offer Shares in Hong Kong Public Offering  50,000,000
Number of offer shares in International Offering 450,000,000
Number of issued shares upon Listing  2,000,000,000

Over-allocation
No. of Offer Shares over-allocated  0

No Over-allotment Option has been granted.

Proceeds
Gross proceeds (Note)  HK$ 275.00 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$ (58.00) million
Net proceeds  HK$ 217.00 million

Note: Gross proceeds refers to the amount to which the issuer is entitled receive. For details of the use of
proceeds, please refer to the Prospectus dated 14 December 2023.


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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING

No. of valid applications  6,134
No. of successful applications  4,640
Subscription level  8.76 times
Claw-back triggered  No
No. of Offer Shares initially available under the Hong Kong Public
Offering
50,000,000
Final no. of Offer Shares under the Hong Kong Public Offering  50,000,000
% of Offer Shares under the Hong Kong Public Offering to the
Global Offering
10.00%

Note: For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to
https://www.hkeipo.hk/iporesult to perform a search by name or identification number or
https://www.hkeipo.hk/iporesult for the full list of allottees.
INTERNATIONAL OFFERING

No. of placees  145
Subscription Level  1.03 times
No. of Offer Shares initially available under the International
Offering
450,000,000
Final no. of Offer Shares under the International Offering 450,000,000
% of Offer Shares under the International Offering to the Global
Offering
90.00%

The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the Offer Shares
subscribed by the placees and the public have been financed directly or indirectly by the Company, any of the
Directors, chief executive of the Company, controlling shareholders, substantial shareholders, existing
shareholders of the Company or any of its subsidiaries or their respective close associates ; and (ii) none of
the placees and the public who have purchased the Offer Shares are accustomed to taking instructions from
the Company, any of the Directors, chief executive of the Company, controlling shareholders, substantial
shareholders, existing shareholders of the Company or any of its subsidiari es or their respective close
associates in relation to the acquisition, disposal, voting or other disposition of Shares registered in his/her/its
name or otherwise held by him/her/it.


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The placees in the International Offering include the following:
Cornerstone Investor

Investor
No. of
Offer
Shares
allocated
% of Offer
Shares
% of total
issued share
capital after the
Global Offering
Existing
shareholders or
their close
associates
Dongfang Gold
Industry (Hong
Kong) Limited / 東
方金業(香港)有限
公司 198,000,000 39.60% 9.90% No
Total 198,000,000 39.60% 9.90%

LOCK-UP UNDERTAKINGS

Controlling Shareholder
 Name
Number of shares held
in the Company subject
to lock-up
undertakings  upon
listing
% of shareholding in
the Company subject to
lock-up  undertakings
upon listing
Last day subject  to the
lock-up  undertakings
Majestic Gold Corp. / - 1,410,000,000 70.50% 21 June 2024 (First Six-
Month Period) Note 1
   21 December 2024
(Second Six-Month
Period) Note 2
Total 1,410,000,000 70.50%

Notes
1. The Controlling Shareholder may dispose of or transfer Shares after the indicated  date subject  to that the Controlling
Shareholder  will not cease to be a Controlling  Shareholder.

2. The Controlling Shareholder  will cease to be prohibited from disposing of or transferring  Shares  after the indicated
date.


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Cornerstone Investor
 Name
Number of shares held
in the Company subject
to lock-up
undertakings  upon
listing
% of shareholding in
the Company subject to
lock-up  undertakings
upon listing
Last day subject  to the
lock-up  undertakings
Dongfang Gold Industry
(Hong Kong) Limited /
東方金業(香港)有限公
司
198,000,000 9.90% 21 December 2024 Note 1
Total 198,000,000 9.90%

Notes
1. The Cornerstone Investor  will cease to be prohibited from  disposing of or transfer ring Shares after the indicated
date.


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PLACEE CONCENTRATION ANALYSIS
Placees Number of Shares allotted

Allotment as % of International
Offering  Allotment as % of total Offer Shares
Number of
 Shares held upon Listing

% of total issued share capital upon
Listing
Top 1 198,000,000 44.00% 39.60% 198,000,000 9.90%
Top 5 285,265,000 63.39% 57.05% 285,265,000 14.26%
Top 10 364,455,000 80.99% 72.89% 364,455,000 18.22%
Top 25 436,735,000 97.05% 87.35% 436,735,000 21.84%

Notes
* Ranking of placees is based on the number of Shares allotted to the placees.


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SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders
Number of
Shares allotted

Allotment as % of
International Offering
Allotment as % of total
Offer Shares
Number of Shares held
upon Listing

% of total issued share
capital upon Listing
Top 1 0 0.00% 0.00% 1,410,000,000 70.50%
Top 5 267,085,000 59.35% 53.42% 1,677,085,000 83.85%
Top 10 352,705,000 78.38% 70.54% 1,762,705,000 88.14%
Top 25 437,215,000 95.07% 87.44% 1,856,215,000 92.81%

Notes
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.

BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by
the public will be conditionally allocated on the basis set out below:
Pool A:
No. of Shares
Applied For
No. of Valid
Application Basis of Allocation
Approx. % Allotted
of the Total No. of
Hong Kong Offer
Shares Applied For
5,000 2,560 1,536 out of 2,560 applicants to receive 5,000 shares 60.00%
10,000 1,025 683 out of 1,025 applicants to receive 5,000 shares 33.32%
15,000 210 156 out of 210 applicants to receive 5,000 shares 24.76%
20,000 126 100 out of 126 applicants to receive 5,000 shares 19.84%
25,000 115 97 out of 115 applicants to receive 5,000 shares 16.87%
30,000 98 86 out of 98 applicants to receive 5,000 shares 14.63%
35,000 160 146 out of 160 applicants to receive 5,000 shares 13.04%
40,000 71 67 out of 71 applicants to receive 5,000 shares 11.80%
45,000 18 5,000 shares 11.11%
50,000 159 5,000 shares 10.00%
60,000 821 5,000 shares plus 27 out of 821 applicants to receive an
additional 5,000 shares
8.61%
70,000 25 5,000 shares plus 2 out of 25 applicants to receive an
additional 5,000 shares
7.71%
80,000 18 5,000 shares plus 2 out of 18 applicants to receive an
additional 5,000 shares
6.94%
90,000 18 5,000 shares plus 3 out of 18 applicants to receive an
additional 5,000 shares
6.48%
100,000 214 5,000 shares plus 36 out of 214 applicants to receive an
additional 5,000 shares
5.84%
150,000 97 5,000 shares plus 28 out of 97 applicants to receive an
additional 5,000 shares
4.30%


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200,000 61 5,000 shares plus 23 out of 61 applicants to receive an
additional 5,000 shares
3.44%
250,000 87 5,000 shares plus 40 out of 87 applicants to receive an
additional 5,000 shares
2.92%
300,000 37 5,000 shares plus 20 out of 37 applicants to receive an
additional 5,000 shares
2.57%
350,000 14 5,000 shares plus 9 out of 14 applicants to receive an
additional 5,000 shares
2.35%
400,000 43 5,000 shares plus 29 out of 43 applicants to receive an
additional 5,000 shares
2.09%
450,000 5 5,000 shares plus 4 out of 5 applicants to receive an
additional 5,000 shares
2.00%
500,000 36 5,000 shares plus 29 out of 36 applicants to receive an
additional 5,000 shares
1.81%
600,000 19 5,000 shares plus 16 out of 19 applicants to receive an
additional 5,000 shares
1.54%
700,000 21 5,000 shares plus 19 out of 21 applicants to receive an
additional 5,000 shares
1.36%
800,000 7 10,000 shares 1.25%
900,000 6 10,000 shares 1.11%
1,000,000 28 10,000 shares plus 1 out of 28 applicants to receive an
additional 5,000 shares
1.02%
1,500,000 12 10,000 shares plus 3 out of 12 applicants to receive an
additional 5,000 shares
0.75%
2,000,000 5 10,000 shares plus 2 out of 5 applicants to receive an
additional 5,000 shares
0.60%
2,500,000 3 10,000 shares plus 2 out of 3 applicants to receive an
additional 5,000 shares
0.53%
3,000,000 2 15,000 shares 0.50%
5,000,000 1 15,000 shares 0.30%
6,000,000 3 15,000 shares plus 1 out of 3 applicants to receive an
additional 5,000 shares
0.28%
Total 6,125 25,000,000 shares


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Pool B:

No. of Shares
Applied For
No. of Valid
Application Basis of Allocation
Approx. % Allotted
of the Total No. of
Hong Kong Offer
Shares Applied For
7,000,000 7 2,230,000 shares 31.86%
10,000,000 1 3,150,000 shares 31.50%
20,000,000 1 6,240,000 shares 31.20%
Total: 9 25,000,000 shares


As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to the accounts of all HKSCC participants .
Investors  should contact their relevant brokers for any inquiri es.

COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules that have been waived  and/or in respect of
which consent has been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company’s shares.
The Directors confirm that, to the best of their knowledge, the consideration paid by the placees or the
public (as the case may be) directly or indirectly for each Offer Share subscribed for or purchased by
them was the same as the final Offer Price in addition to any brokerage, AFRC transaction levy, SFC
transaction levy and trading fee payable.

DISCLAIMERS

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the
“Stock Exchange ”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) take
no responsibility for the contents of this announcement, make no representation as to its
accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into
the United States (including its territories and possessions, any state of the United States and
the District of Columbia). This announcement does not constitute or form a part of any o ffer or
solicitation to purchase or subscribe for securities in   the United States. The securities
mentioned herein have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”). The secu rities may not be offered or sold
in the United States except pursuant to an exemption from the registration requirements of the
U.S. Securities Act and in compliance with any applicable state securities laws, or outside the
United States unless in compliance with Regulation S under the U.S. Securities Act. There will
be no public offer of s ecurities in the United States.
The Offer Shares are being offered and sold (1) solely to qualified institutional buyers as defined
in Rule 144A under the U.S. Securities Act pursuant to an exemption from registration under the
U.S. Securities Act and (2) outside the United States in offshore transactions in reliance on
Regulation S under the U.S. Securities Act.


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This announcement is for information purposes only and does not constitute an invitation or
offer to acquire, purchase or subscribe for securities. This announcement is not a prospectus.
Potential investors should read the Prospectus dated 14 December 2023 issued by Persistence
Resources Group Ltd for detailed information about the Global Offering described below before
deciding whether or not to invest in the Shares thereby being offered.
*Potential investors of  the Offer Shares should note that the Overall Coordinator  (for itself
and on behalf of  the Hong Kong Underwriters) shall be entitled to terminate their obligations
under the Hong Kong Underwriting Agreement with immediate effect upon the occurrence of
any of the events set out in the paragraph headed “Underwriting – Underwriting
Arrangements and Expenses – Hong Kong Public Offering – Hong Kong Underwriting
Agreement – Grounds for Termination ” in the Prospectus at any time prior to  8:00 a.m. (Hong
Kong time) on  the  Listing Date (which is currently  expected  to be on 22 December 2023 ).

By order of the Board
Persistence Resources Group Ltd
SHAO Xuxin
Chairman, Chief Executive Officer and Executive Director

Hong Kong, 21 December 2023

As at the date of this announcement, the Board comprises Dr. Shao Xuxin, Mr. Mackie James Thomas,
Mr. Lo Cheuk Kwong Raymond and Mr. Chen Shaohui as executive Directors; and Dr. Malaihollo
Jeffrey Francis A, Mr. Chan Ngai Fan, Dr. Zeng Ming and Ms. Liu Li as independent non-executive
Directors.
