LIO Form 604 Hu 28-Aug-08

Form
604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
To: Company Name/Scheme
Lion Energy Limited
ACN/ARSN
000 753 640
1.
Details of substantial holder (1)
Name
Wenmei Hu
ACN (if applicable)
N/A
There was a change in the interests of the
substantial holder on :
27/8/2008
The previous notice was given to the company
on
18/9/2007
The previous notice was dated
17/9/2007
2.
Previous and present voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an
associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company
or scheme, are as follows:
Class of Securities (4)
Previous notice
Person's votes
Voting power (5)
Person's votes
Voting power (5)
11,344,458
18.62%
22,688,916
24.01%
Ordinary
3.
Present notice
Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest or the substantial holder or an associate in voting securities of
the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as
follows:
Date of change
Person whose relevant
interest changed
Nature of
change (6)
Consideration given
in relation to change
(7)
Class and number
of securities
affected
Person's votes
affected
27 August 2008
Wenmei Hu
Pro-rata rights
issue.
$680,667
11,344,458
ordinary shares
acquired for $0.06
per share
Wenmei Hu
500286-v1\SYDDMS\JMU
1
7.
Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired
has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the
happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation
to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
8.
If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write
"unknown".
9.
Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
500286-v1\SYDDMS\JMU
3