China Metal Resources Utilization Limited — Capital/Financing Update 2016

Dec 30, 2016

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 purposes only and does not constitute an invitation or a solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities.

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CHINA METAL RESOURCES UTILIZATION LIMITED 中 國 金 屬 資 源 利 用 有 限 公 司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1636)

INSIDE INFORMATION

UPDATE ON POSSIBLE ISSUE OF CONVERTIBLE BONDS UNDER GENERAL MANDATE

This announcement is made by China Metal Resources Utilization Limited (the ‘‘Company’’) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’) and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 24 November 2016 in relation to the Possible Bond Issue (the ‘‘Announcement’’). Unless the context otherwise requires, terms used in the Announcement have the same meanings when used in this announcement.

The Board announces that as the negotiations between the Company and the Investor in relation to the Possible Bond Issue has taken longer than expected, it is anticipated by the Board that the Possible Bond Issue will be executed in the first quarter of 2017 rather than in December 2016 as initially contemplated. Further announcement will be made by the Company in accordance with the Listing Rules as and when appropriate.

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As the Possible Bond Issue and the terms thereof are subject to further negotiations between the Company and the Investor, the Possible Bond Issue may or may not proceed and the terms of the convertible bonds to be issued by the Company should the Possible Bond Issue materialise may or may not be the same as the terms set out in this announcement. Shareholders and potential investors of the Company are advised to exercise extreme caution when dealing in the shares of the Company.

By order of the Board China Metal Resources Utilization Limited Mr. YU Jianqiu Chairman

Hong Kong, 30 December 2016

As at the date of this announcement, the board of directors of the Company comprises four executive directors, namely, Mr. Yu Jianqiu (Chairman), Mr. Kwong Wai Sun Wilson, Mr. Huang Weiping and Ms. Zhu Yufen; and three independent non-executive directors, namely, Mr. Lee Ting Bun Denny, Mr. Pan Liansheng and Ms. Ren Ruxian.

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