China Molybdenum : RESULTS OF THE ISSUANCE OF THE 2020 FOURTH TRANCHE SUPER SHORT-TERM FINANCING INSTRUMENTS

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.

(Stock Code: 03993)

RESULTS OF THE ISSUANCE OF THE 2020 FOURTH TRANCHE

SUPER SHORT-TERM FINANCING INSTRUMENTS

This announcement is made by China Molybdenum Co., Ltd.* (the "Company") 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 Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

We refer to the announcement dated 12 April 2019 in relation to the acceptance of registration of super short-term financing instruments of the Company, the announcement of the Company dated 28 April 2019 in relation to the results of the issuance of the 2019 first tranche super short-term financing instruments, the announcement of the Company dated 5 August 2019 in relation to the results of the issuance of the 2019 second tranche super short-term financing instruments, the announcement of the Company dated 18 October 2019 in relation to the results of the issuance of the 2019 third tranche super short-term financing instruments, the announcement of the Company dated 28 February 2020 in relation to the results of the issuance of the 2020 first tranche super short-term financing instruments, the announcement of the Company dated 18 March 2020 in relation to the results of the issuance of the 2020 second tranche super short-term financing instruments, the announcement of the Company dated 14 August 2020 in relation to the results of the issuance of the 2020 third tranche super short-term financing instruments and the announcements of the Company dated 29 March 2018, 25 May 2018 and 27 March 2020 and the circulars of the Company dated 23 April 2018 and 7 May 2020 in relation to, among other things, the proposed issuance of debt financing instruments.

- 1 -

1. REGISTRATION OF THE SUPER SHORT - TERM FINANCING INSTRUMENTS
   In accordance with the notice of acceptance of registration issued on 10 April 2019 (Zhong Shi Xie Zhu [2019] SCP No. 99) (the "Notice") from the National Association of Financial Market Institutional Investors (the "Association"), the Association accepted the registration of the Company's super short-term financing instruments. Pursuant to the Notice, the registration of the Company's super short-term financing instruments in a principal amount of RMB6 billion will be valid for a period of two years from the issuance date of the Notice (namely 10 April 2019). The Company may issue the super short-term financing instruments in tranches during the effective period of registration, and shall file with the Association before making any issuance which is required to be filed after the registration. Upon completion of the issuance, the results of issuance shall be disclosed through channels recognized by the Association.

1. ISSUANCE OF THE SUPER SHORT-TERM FINANCING INSTRUMENTS
   In accordance with the Notice, the Company successfully issued the 2020 fourth tranche of super short-term financing instruments. The issuance results are as follows:

Particulars of the issuance

Name	China	Abbreviation	20 CMOC
	Molybdenum		SCP004
	Co., Ltd. 2020
	fourth tranche
	super short-
	term financing
	instruments
Code	012003175	Term	180 days
Interest	9 September 2020	Payment date	8 March 2021
commencement
date
Total amount	RMB1.00 billion	Total amount of	RMB1.00 billion
of the proposed		actual issuance
issuance
Coupon	3.10%	Issue price	RMB100 per note
			(RMB100 face
			value)

- 2 -

Application for subscription

Number of	8 units	Qualified	RMB1.20 billion
qualified		subscription
applicants for		amount
subscription
Highest	3.50%	Lowest	3.05%
subscription price		subscription price
Number of valid	4 units	Amount of valid	RMB1.05 billion
subscription		subscription
applicants
Bookrunner		China Zheshang Bank Co., Ltd.
Lead underwriter		China Zheshang Bank Co., Ltd.
Joint Lead Underwriter	Shanghai Pudong Development Bank
		Co., Ltd.

The Company will make further announcement(s) to keep shareholders and prospective investors informed of the progress of the issuance of the super short- term financing instruments.

By Order of the Board

China Molybdenum Co., Ltd.*

Yuan Honglin

Chairman

Luoyang City, Henan Province, the PRC, 9 September 2020

As at the date of this announcement, the Company's executive directors are Mr. Li Chaochun and Mr. Li Faben; the Company's non-executive directors are Mr. Yuan Honglin, Mr. Guo Yimin and Mr. Cheng Yunlei; and the Company's independent non- executive directors are Mr. Wang Gerry Yougui, Ms. Yan Ye and Mr. Li Shuhua.

• For identification purposes only

- 3 -