Shanghai Able Digital Science&Tech Co., Ltd. — Legal Proceedings Report 2021

May 21, 2021

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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INSIDE INFORMATION - UPDATE ON LEGAL PROCEEDING AGAINST CA COMMODITY TRADING PTY LTD

This announcement is made by CITIC Resources Holdings Limited (the “ Company ”, and together with its subsidiaries, the “ Group ”) pursuant to rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 1 September 2020 and 7 January 2021 (the “ Announcements ”) in relation, among others, to the lawsuit claims filed by Weihai against CACT. Unless otherwise specified, capitalized terms used in the Announcements shall have the same meanings as defined in the Announcement.

The Claims relate to three letters of credit issued in favour of CACT as payment for the sale by CACT to Decheng of certain quantity of aluminium stored at bonded warehouses at Qingdao Port, China in 2014. Weihai, which arranged for issuance of the letter of credits as payment on behalf of Decheng, disputes the authenticity of certain warehouse receipts for aluminium stored at the bonded warehouses at Qingdao Port.

The Company wishes to inform Shareholders and potential investors that it has recently been brought to the Company’s attention that the Shandong High People’s Court ( 山东省高级人民法院 ) of China published a notice in the People’s Court Daily ( 人民法院报 ) on 16 May 2021 (the “ 16 May 2021 Public Notice ”), which states that Weihai submitted an appeal to the first instance judgment by the Shandong High People’s Court. In the said first instance judgement, the Shandong High People’s Court ruled that CACT is not liable for Weihai’s losses as there is no evidence of any intention to commit fraud on the part of CACT. The Court ordered that Decheng and other defendants (all unrelated to CACT or the Company) be jointly liable for the losses sustained by Weihai.

According to the 16 May 2021 Public Notice, this notice is considered duly served on CACT on 14 July 2021, being 60 days after its publication.

CACT notified the Board that the Claims by Weihai are without merit and the purported appeal on the Claims by Weihai is groundless. CACT has engaged local counsel in China to defend the appeal accordingly.

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The Company will make such further announcements as and when appropriate in accordance with the Listing Rules.

Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company.

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

Hong Kong, 21 May 2021

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 .

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