Qiniu Limited — Capital/Financing Update 2012

Sep 19, 2012

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.

SIBERIAN MINING GROUP COMPANY LIMITED 西伯利亞礦業集團有限公司 [*]

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1142)

FURTHER DELAY IN DESPATCH OF CIRCULAR RELATING TO PLACING OF CONVERTIBLE BONDS, SUPPLEMENTAL AGREEMENT AND SECOND SUPPLEMENTAL AGREEMENT TO PLACING AGREEMENT AND ISSUE OF SHARES UNDER NEW PLACING SPECIFIC MANDATE

As additional time is required for the Company to prepare certain information to be included in the Circular, the despatch date of the Circular is expected to be further postponed to a date on or before 18 October 2012.

Reference is made to (A) the announcement dated 6 March 2012 (the “ Announcement ”) of Siberian Mining Group Company Limited (the “ Company ”) in relation to, inter alia, the Placing of Convertible Bonds and issue of Shares under Placing Specific Mandate; (B) the announcement of the Company dated 26 June 2012 (the “ Second Announcement ”) in relation to the Placing of Convertible Bonds, Supplemental Agreement to Placing Agreement and issue of Shares under New Placing Specific Mandate; (C) the announcements of the Company dated 11 July 2012 (the “ Third Announcement ”), 1 August 2012 (the “ Fourth Announcement ”), 15 August 2012 (the “ Fifth Announcement ”) and 29 August 2012 (the “ Seventh Announcement ”) in relation to the delay in despatch of the Circular; and (D) the announcement of the Company dated 17 August 2012 (the “ Sixth Announcement ”) in relation to the Placing of Convertible Bonds, Second Supplemental Agreement to Placing Agreement and issue of Shares under New Placing Specific Mandate. Terms used in this announcement shall have the same meanings as those defined in the Announcement, the Second Announcement, the Third Announcement, the Fourth Announcement, the Fifth Announcement, the Sixth Announcement and the Seventh Announcement unless otherwise stated herein.

Pursuant to the Seventh Announcement, a circular (the “ Circular ”) will be despatched by the Company to the Shareholders on or before 20 September 2012, containing further details of the Supplemental Agreement, the Second Supplemental Agreement and a notice of the Second EGM.

* For identification purpose only

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As the Company is preparing and finalizing certain information to be disclosed in the Circular, the despatch date of the Circular is expected to be postponed to a date on or before 18 October 2012.

By order of the Board Siberian Mining Group Company Limited Lim Ho Sok Chairman

Hong Kong, 19 September 2012

As at the date of this announcement, the Board consists of Mr. Lim Ho Sok and Mr. Choi Jun Ho as executive Directors, Mr. Pang Ngoi Wah Edward as non-executive Director, and Mr. Cho Min Je, Mr. Liew Swee Yean, Mr. Tam Tak Wah and Mr. Young Yue Wing Alvin as independent non-executive Directors.

This announcement will remain on the website of the Stock Exchange at www.hkexnews.hk on the “Latest Listed Company Information” page for at least 7 days from the date of its posting and on the Company’s website at http://siberian.todayir.com.

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