China Metal Resources Utilization Limited — Capital/Financing Update 2018

Apr 12, 2018

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)

EXTENSION OF TERM OF CONVERTIBLE BONDS

Reference is made to the announcement of China Metal Resources Utilization Limited (the ‘‘Company’’) dated 9 April 2017 (the ‘‘Announcement’’) in relation to the issue of Convertible Bonds in the aggregate principal amount of HK$250,000,000, and the announcement of the Company dated 11 August 2017 in relation to the early redemption of the Tranche I Convertible Bonds. Unless the context otherwise requires, terms used in this announcement shall have the same meaning as those defined in the Announcement.

The Board announces that, the Tranche II Convertible Bonds in the principal amount of HK$35,000,000, together with the interest accrued thereon, has been repaid by the Company on 12 April 2018. In addition, the Company is notified by the Investor on 11 April 2018 that the Investor has transferred the Tranche II Convertible Bonds in the principal amount of HK$80,000,000 (the ‘‘Remaining Tranche II Convertible Bonds’’) to Peaceful Wealth International Limited (the ‘‘Transferee’’) and the Transferee has exercised its right to extend the maturity date of the Remaining Tranche II Convertible Bonds for one (1) year in accordance with the Tranche II Terms and Conditions.

The Remaining Tranche II Convertible Bonds shall continue to be governed by the Tranche II Terms and Conditions.

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

Hong Kong, 12 April 2018

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.