ECHELON RESOURCES LIMITED ANNUAL

Corporate Governance

Corporate Governance Echelon Resources Limited is a New Zealand incorporated and domiciled limited liability company registered under the New Zealand Companies Act 1993. The Company is listed and its shares C ORPORATE GOVERNANCE quoted on the official list of the BEST PRACTICE CODES Australian Securities Exchange (ASX) - the Company’s code is “ECH”. From The Company reviews and assesses a regulatory perspective this means governance processes, policies, and its that, while the ASX Listing Rules apply compliance with corporate governance to the Company, certain provisions best practice at least annually. of the Australian Corporations Act This includes assessing compliance 2001 (the Corporations Act) do not. with the ASX Listing Rules, the The Company is not subject to ASX Corporate Governance chapters 6, 6A, 6B, and 6C of the Council’s Corporate Governance Corporations Act dealing with the Principles and Recommendations acquisition of shares (including (4th Edition) 2019 (ASX Principles substantial holdings and takeovers). and Recommendations). The Companies Act 1993 (NZ) applies to the Company, as do certain Under Listing Rule 4.10.3, ASX listed provisions of the Financial Markets entities are required to benchmark Conduct Act 2013 (NZ) (including in corporate governance practices relation to financial reporting). Key against the ASX Principles and limitations on the acquisition of shares Recommendations and, where they do in the Company are imposed by the not conform, to disclose that fact and following New Zealand legislation: the reasons why. Commerce Act 1986, Overseas Investment Act 2005, and Takeovers This section of the report is structured Act 1993, together with various to report performance against the ASX regulations and codes promulgated Principles and Recommendations. under such legislation. This Corporate Governance Statement This statement sets out the main is current to, and was approved by the corporate governance practices Board on, 27 August 2026. adopted by the Company. 20 Echelon Annual Report 2026 ylno esu lanosrep roF Board Composition CHAIRMAN INDEPENDENT DIRECTOR Samuel Kellner Dr Rosalind Archer Samuel Kellner has held a Dr Rosalind Archer joined variety of senior executive the Board of Echelon in positions with the Ofer November 2014. Global Group since joining Dr Archer is Dean (Academic) - Griffith the Group in 1980. Sciences Gr