Almana Limited — Capital/Financing Update 2017

Oct 27, 2017

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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 for information purpose only and does not constitute any invitation or offer to acquire, purchase or subscribe for any securities of the Company.

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IR RESOURCES LIMITED 同仁資源有限公司

(Incorporated in the Bermuda with limited liability)

(Stock Code: 8186)

COMPLETION OF ISSUE OF CONVERTIBLE BONDS UNDER GENERAL MANDATE

Reference is made to the announcements (the “Announcements”) of the Company dated 20 October 2017 and 26 October 2017 relating to the issue of the Convertible Bonds. Unless the context otherwise required, capitalised terms used in this announcement shall have the same meaning as those defined in the Announcements.

COMPLETION OF ISSUE OF CONVERTIBLE BONDS UNDER GENERAL MANDATE

The Company is pleased to announce that the condition precedent to the Subscription Agreement have been fulfilled and the completion of the issue of the Convertible Bonds in the principal amount of HK$18,000,904 took place on 27 October 2017. Based on the initial Conversion Price of HK$0.1084 per Conversion Share, the Convertible Bonds are convertible into 166,060,000 Conversion Shares, representing (i) 19.98% of the existing issued share capital of the Company as at the date of this announcement; and (ii) 16.65% of issued share capital as enlarged by the issue of the Conversion Shares.

EFFECTS ON SHAREHOLDING STRUCTURE OF THE COMPANY

The shareholding structure of the Company (i) as at the date of this announcement; and (ii) immediately after the allotment and issue of the Conversion Shares (assuming full conversion of the Convertible Bonds at the initial Conversion Price of HK$0.1084 per Conversion Share

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and there will be no other change in the number of issued shares of the Company between the date of this announcement and the full conversion of the Convertible Bonds), are set out below for illustration purpose only:

			Immediately after the allotment
			and issue of the Conversion
			Shares upon full exercise of the
	As at the	date of this	conversion rights attached to
Shareholders	announcement		the Convertible Bonds
	No. of Shares	%	No. of Shares%
China Wah Yan
Healthcare Limited	237,293,772	28.55%	237,293,77223.79%
Subscriber	–	–	166,060,00016.65%
Public Shareholders	593,967,440	71.45%	593,967,44059.56%
Total	831,261,212	100.00%	997,321,212100.00%
		By Order of the Board of Directors of
		IR	Resources Limited
		Chan Ching Hang
			Chairman

Hong Kong, 27 October 2017

As at the date of this announcement, the board of Directors comprises two executive Directors, namely, Mr. Chan Ching Hang and Mr. Zeng Lingchen; and three independent non-executive Directors, namely, Mr. Hong Bingxian, Mr. Hung Kenneth and Ms. Pang King Sze, Rufina.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page of the GEM website at http://www.hkgem.com for seven days from the date of its publication and on the website of the Company at http://www.irresources.com.hk.

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