ICO Group Limited — Share Issue/Capital Change 2011

May 6, 2011

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.

(Incorporated in Bermuda with limited liability)

(Stock Code : 630)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors (the “Board”) of Guojin Resources Holdings Limited (the “Company”) announces that on 6 May 2011 the Company has granted share options (the “Options”) to subscribe for 20,000,000 ordinary shares of HK$0.10 each of the Company (the “Shares”) to individuals (the “Grantees”) under its share option scheme adopted on 12 June 2004, subject to acceptance of the Grantees. Details of the Options are set out below:

Date of grant : 6 May 2011 (“Date of Grant”) Exercise price of : HK$0.2034 per Share Options granted Number of : 20,000,000 Options Options granted Closing price of : HK$0.2020 per Share the Shares on the Date of Grant Validity period of : 6 May 2011 to 5 May 2013 the Options

• For identification purposes only

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Details of the Grantees are as follows:

Grantees Executive Directors Ma Bo Ping Zhou Yu Sheng Total:	Number of Options granted 10,000,000 10,000,000 20,000,000

By order of the Board Guojin Resources Holdings Limited Yip Wai Lun, Alvin Chairman and Managing Director

Hong Kong, 6 May 2011

As at the date of this announcement, Mr. Yip Wai Lun, Alvin, Mr. Ma Bo Ping, Mr. Zhou Yu Sheng, Ms. Lam Suk Ling, Shirley and Mr. Lee Cheuk Yin, Dannis are the Executive Directors and Mr. Leung Ka Kui, Johnny, Mr. Chan Kam Kwan, Jason and Mr. Lau Man Tak are the Independent Non-executive Directors.

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