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 the Cayman Islands with limited liability)

(Stock Code: 1231)

RESIGNATION OF NON-EXECUTIVE DIRECTOR

AND

CHANGE OF COMPOSITION OF

THE BOARD COMMITTEES

The Board announces the following changes of the Company with effect from 1 November

2019:

  1. Mr. Wu Wai Leung, Danny has tendered his resignation as a non-executive Director and a member of each of the Audit Committee and the Investment Committee; and
  2. Mr. Lee Kwan Hung, Eddie will be appointed as a member of the Audit Committee.

The board (the " Board") of directors (the " " Company" together with its subsidiaries, the " the Company:

Directors") of Newton Resources Ltd (the Group") announces the following changes of

RESIGNATION OF NON-EXECUTIVE DIRECTOR AND MEMBER OF EACH OF AUDIT COMMITTEE AND INVESTMENT COMMITTEE

Mr. Wu Wai Leung, Danny (" Mr. Wu") has tendered his resignation as a non-executive Director and a member of each of the audit committee (the " Audit Committee") and the investment committee (the " Investment Committee") of the Company with effect from 1 November 2019 due to his decision to devote more time to his other commitments.

Mr. Wu confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.

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The Board would like to take this opportunity to express its sincere gratitude to Mr. Wu for his invaluable contributions to the Group during his tenure of service and wish him every success in his future endeavours.

CHANGE OF COMPOSITION OF THE AUDIT COMMITTEE

Following the resignation of Mr. Wu as a member of the Audit Committee, Mr. Lee Kwan Hung, Eddie, an independent non-executive Director of the Company, will be appointed as a member of the Audit Committee with effect from 1 November 2019.

By Order of the Board

Newton Resources Ltd

Chong Tin Lung, Benny

Chairman and Executive Director

Hong Kong, 31 October 2019

As at the date of this announcement, the executive Directors are Mr. Chong Tin Lung, Benny, Mr. Li Changfa and Mr. Luk Yue Kan; the non-executive Director is Mr. Wu Wai Leung, Danny; and the independent non-executive Directors are Mr. Tsui King Fai, Mr. Lee Kwan Hung, Eddie and Mr. Shin Yick, Fabian.

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Newton Resources Ltd. published this content on 31 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2019 11:01:13 UTC