Shanghai Able Digital Science&Tech Co., Ltd. — Board/Management Information 2025

Mar 18, 2025

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.

中信资源控股有限公司

CITIC Resources Holdings Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 1205)

ANNOUNCEMENT MADE PURSUANT TO RULES 13.51B(2) AND 13.51(2)(u) OF THE LISTING RULES AND RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

This announcement is made by the board of directors (the "Board") of CITIC Resources Holdings Limited (the "Company") pursuant to Rules 13.51B(2), 13.51(2) and 13.51(2)(u) of the Listing Rules.

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement (defined below).

Reference is made to (i) the announcement of the Company dated 6 December 2023 (the "Announcement") in respect of the public censure made by the Stock Exchange against Dr. Fan Ren Da Anthony ("Dr. Fan"), an independent non-executive director of the Company; and (ii) news dated 14 March 2025 (the "News") published by the Securities and Futures Commission of Hong Kong ("SFC") in relation to, among others, the commencement of legal proceedings in the Court of First Instance (the "Legal Proceedings") to seek disqualification and compensation orders against eight former directors of 3DG Holdings (International) Limited (formerly known as Hong Kong Resources Holdings Company Limited ("HKRH")), including Dr. Fan, who was an independent non-executive director of HKRH. In seeking disqualification orders, the SFC alleges that all the directors of HKRH breached their duties owed to HKRH and failed to act with proper skill, care, and diligence in exercising their powers and carrying out their functions. For the avoidance of doubt, the News only relates to HKRH and (other than Dr. Fan as mentioned above) does not involve any director ("Director") or senior management of the Company.

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The News was brought to the attention of the Board and Dr. Fan informed the Board that he intends to defend the Legal Proceedings vigorously. In addition, considering that Dr. Fan has already served a very long term on the Board for over 24 years, he is of the view that it would be an opportune time and in the interest of the Company and its shareholders to resign now from his position, thereby allowing the Company to maintain good corporate governance practice. Accordingly, Dr. Fan tendered his resignation as an independent non-executive Director with effect from 18 March 2025.

Upon Dr. Fan’s resignation as an independent non-executive Director on 18 March 2025, he also ceased to be the Chairman of the Audit Committee of the Company and a member of each of the Remuneration Committee, Nomination Committee and Risk Management Committee.

Dr. Fan has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation which needs to be brought to the attention of shareholders of the Company and the Stock Exchange.

The Board would like to take this opportunity to express its sincere gratitude to Dr. Fan for his valuable contribution to the Company during the tenure of his office.

By Order of the Board of
CITIC Resources Holdings Limited
Hao Weibao
Chairman

Hong Kong, 18 March 2025

As at the date hereof, Mr. Hao Weibao and Mr. Wang Xinli are executive directors of the Company; Mr. Chan Kin is a non-executive director of the Company; and Mr. Look Andrew, Mr. Lu Dequan and Dr. Cai Jin are independent non-executive directors of the Company.