China Metal Resources Utilization Limited — Capital/Financing Update 2016

May 3, 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.

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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)

LAPSE OF SUBSCRIPTION AGREEMENT AND SHARE SALE AGREEMENT IN RELATION TO THE DISPOSAL OF SHARES BY SUBSTANTIAL SHAREHOLDER

Reference is made to the announcement (the ‘‘Announcement’’) of China Metal Resources Utilization Limited (the ‘‘Company’’) dated 22 January 2016 in relation to, among other things, the Subscription Agreement entered into between the Company and Jizhong Hongyuan International Trading Company Limited (the ‘‘Purchaser’’). Capitalised terms used in this announcement have the same meanings as those defined in the Announcement unless the context otherwise requires.

Lapse of the Subscription Agreement

As disclosed in the Announcement, if the conditions precedent to the Subscription have not been fulfilled before 30 April 2016 (or such other date as the Company and the Purchaser may agree in writing), the Subscription Agreement will be automatically terminated and lapse, and the parties will be released from their obligations under the Subscription Agreement.

The Board announces that as certain conditions precedent to the Subscription had not been fulfilled on 30 April 2016, the Subscription Agreement had lapsed in accordance with its terms.

Despite the lapse of the Subscription Agreement, the Company will continue to explore opportunities to invite appropriate investor(s) to invest in the Company. Further announcement(s) will be made by the Company as and when necessary in accordance with the Listing Rules.

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Lapse of the Share Sale Agreement

The Board was informed by Mr. Huang that as certain conditions precedent under the Share Sale Agreement had not been fulfilled on 30 April 2016, the Share Sale Agreement had lapsed in accordance with its terms.

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

Hong Kong, 3 May 2016

As at the date of this announcement, the Board 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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