China Metal Resources Utilization Limited — Capital/Financing Update 2017

Jun 28, 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 appears for information purposes only and does not constitute an invitation or 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)

TERMINATION OF ANNUAL PROCUREMENT AGREEMENTS AND

WARRANT SUBSCRIPTION AGREEMENTS

Reference is made to the announcement of China Metal Resources Utilization Limited (the ‘‘Company’’) dated 20 June 2017 (the ‘‘Announcement’’) in relation to (i) the Annual Procurement Agreements entered into between Tongxin, a wholly-owned subsidiary of the Company, and the Suppliers; and (ii) the Warrant Subscription Agreements entered into between the Company and the Subscribers. Unless otherwise defined in this announcement, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, the obligations of the Company and each of the Subscribers to complete the Warrant Subscription are conditional upon the fulfilment of the certain conditions, and the Warrant Subscription Agreements will be automatically terminated and lapse if such conditions are not fulfilled before 28 June 2017.

The Board announces that, as some of the conditions to the Warrant Subscription are not satisfied before 28 June 2017, the Warrant Subscription Agreements have been automatically terminated on 28 June 2017. Accordingly, no Warrants will be issued by the Company and no Shares will be issued by the Company thereunder. In addition, as the Warrant Subscription Agreements have not become unconditional, the Annual Procurement Agreements have also been terminated on 28 June 2017.

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Following the termination of the Annual Procurement Agreements, the Group will continue to explore appropriate cooperation opportunities with its suppliers with a view to securing a steady supply of raw materials to satisfy the Group’s production needs. Further announcement will be made by the Company as and when appropriate in accordance with the Listing Rules.

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

Hong Kong, 28 June 2017

As at the date of this announcement, the Board comprises of 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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