China Metal Resources Utilization Limited — Capital/Financing Update 2017

Jun 12, 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 purposes only and does not constitute an invitation or a solicitation of an offer to acquire, purchase or subscribe for 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)

COMPLETION OF ISSUE OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of the Company dated 1 and 5 June 2017 (the " Announcements ") in relation to the Subscription Agreement and the proposed issue of 74,074,074 Subscription Shares under the General Mandate. Unless the context otherwise requires, terms used in this announcement shall have the same meaning as those defined in the Announcement.

The Board is pleased to announce that all of the conditions precedent under the Subscription Agreement have been fulfilled and Completion has taken place on 12 June 2017 pursuant to the terms of the Subscription Agreement.

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

Hong Kong, 12 June 2017

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.