Shanghai Able Digital Science&Tech Co., Ltd. — Capital/Financing Update 2020

Dec 22, 2020

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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COMPLETION OF MAJOR TRANSACTION IN RELATION TO DISPOSAL OF LISTED SECURITIES

References are made to the announcements dated 29 October 2020 and 14 December 2020 (the “ Announcements ”) published by CITIC Resources Holdings Limited (the “ Company ”) in relation to, among others, the Disposals. Unless otherwise specified, capitalized terms used in the Announcements shall have the same meanings as defined in the Announcements.

The Board is pleased to announce that all conditions precedent under the SPA II and SPA I have been fulfilled and the transactions were completed on 21 December 2020 and 22 December 2020 respectively. Upon the Completion, the Group ceased to hold any equity interest in CITIC Dameng and the financial results of CITIC Dameng will not be equity accounted for in the financial statements of the Group.

By Order of the Board CITIC Resources Holdings Limited Sun Yufeng Chairman

Hong Kong, 22 December 2020

As at the date hereof, Mr. Sun Yufeng; Mr. Suo Zhengang and Mr. Sun Yang are executive directors of the Company, Mr. Chan Kin is a non-executive director of the Company, and Mr. Fan Ren Da, Anthony; Mr. Gao Pei Ji and Mr. Look Andrew are independent non-executive directors of the Company