CMOC Group Limited — Capital/Financing Update 2020

Jul 21, 2020

Hong Kong Exchange 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 offer to acquire, purchase or subscribe for securities.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “ Securities Act ”) or with any securities regulatory authority of any state of the United States or other jurisdiction. The securities are being offered and sold outside the United States in reliance on Regulation S under the Securities Act and may not be offered or sold within the United States absent registration or an exemption from registration under the Securities Act. No public offering of the securities will be made in the United States or in any other jurisdiction where such an offering is restricted or prohibited.

==> picture [452 x 80] intentionally omitted <==

(Stock Code: 03993)

US$300,000,000 5.48 per cent. Guaranteed Bonds due 2022 Issued by

CMOC Capital Limited

(Incorporated in the British Virgin Islands with limited liability) (stock code: 5722)

**Guaranteed by 洛陽欒川鉬業集團股份有限公司 China Molybdenum Co., Ltd. ***

– 1 –

PARTIAL REPURCHASE AND CANCELLATION OF THE US$ BONDS

This announcement is made by the board (the “ Board ”) of directors of China Molybdenum Co., Ltd.* (the “ Company ”) pursuant to Rule 37.48(a) of the Rules Governing the Listing of Securities (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

We refer to the announcement of the Company dated 29 January 2019, in relation to the US$300,000,000 5.48 per cent. guaranteed bonds due 2022 (the “ US$ Bonds ”) issued by CMOC Capital Limited (the “ Issuer ”) and the notice of listing of the US$ Bonds on the Stock Exchange dated 1 February 2019.

The Company hereby announces that on 13 July 2020, the Issuer made on-market repurchase of an aggregate principal amount of US$50,000,000 of the US$ Bonds (the “ Repurchased Bonds ”), representing approximately 16.67% of the outstanding principal amount of US$300,000,000, in the open market.

The Repurchased Bonds have been cancelled on 21 July 2020. After cancellation of the Repurchased Bonds, an aggregate of US$250,000,000 US$ Bonds remain outstanding, representing approximately 83.33% of the initial principal amount of the US$ Bonds.

Pursuant to Rule 37.48(a) of the Listing Rules, the Company will make further announcements for every subsequent 5% interval of the initial aggregate principal amount of the US$ Bonds which had been redeemed or cancelled in accordance with the terms and conditions of the US$ Bonds.

– 2 –

The Company may or may not purchase further bonds in the future. Bondholders and potential investors should note that any purchase of bonds from time to time by the Company will be at the Board’s sole and absolute discretion. There is no assurance of the timing, amount or price of any purchase of the bonds or whether the Company will make any further purchase at all. Bondholders and potential investors should therefore exercise caution when dealing in any bonds.

By Order of the Board China Molybdenum Co., Ltd. Yuan Honglin* Chairman

Luoyang City, Henan Province, the People’s Republic of China, 21 July 2020

As at the date of this announcement, the sole director of CMOC Capital Limited is Ms. Wu Yiming.

As at the date of this announcement, the Company’s executive directors are Mr. Li Chaochun and Mr. Li Faben; the Company’s non-executive directors are Mr. Yuan Honglin, Mr. Guo Yimin and Mr. Cheng Yunlei; and the Company’s independent nonexecutive directors are Mr. Wang Gerry Yougui, Ms. Yan Ye and Mr. Li Shuhua.

• For identification purposes only

– 3 –