China Vanadium Titano Magnetite Mining : INSIDE INFORMATION DISRUPTION OF MINE OPERATIONS IN WENCHUAN COUNTY, ABA PREFECTURE, SICHUAN PROVINCE DUE TO OUTBREAK OF NOVEL CORONAVIRUS PNEUMONIA

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China Vanadium Titano-Magnetite Mining Company Limited

中 國 釩 鈦 磁 鐵 礦 業 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00893)

INSIDE INFORMATION

DISRUPTION OF MINE OPERATIONS IN

WENCHUAN COUNTY, ABA PREFECTURE,

SICHUAN PROVINCE DUE TO OUTBREAK OF

NOVEL CORONAVIRUS PNEUMONIA

This announcement is made by China Vanadium Titano-Magnetite Mining Company Limited (the "Company", 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 Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, the Laws of Hong Kong).

The board (the "Board") of directors (the "Directors" and each a "Director") of the Company wishes to inform the shareholders of the Company and potential investors that the operations of the Maoling Mine will remain suspended after the Chinese New Year holidays due to the outbreak (the "Outbreak") of the novel coronavirus pneumonia in the People's Republic of China (the "PRC").

Since the Outbreak, a number of provinces and municipalities in the PRC have taken various emergency public health measures and actions to contain the spread of the Outbreak, including, among other things, travel restrictions on numerous cities in Hubei Province*（湖 北省）and Zhejiang Province*（浙江省）, which are severely infected areas. As a significant portion of the site workers who carry out underground operations at the Maoling Mine (who are employees of the Group's contractor) will be returning from Hubei Province and Zhejiang Province, it is expected that they will be unable to return to work at the Maoling Mine after the Chinese New Year holidays as scheduled. Accordingly, the operations of the Maoling Mine will remain suspended after the Chinese New Year holidays.

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The primary focus of the Group is to ensure the health, safety and security of the site workers and employees of the Group and its contractors. In this regard, the Group has implemented various measures and procedures in response to the Outbreak, including, among other things, closely tracking the health conditions of the site workers and employees of the Group and its contractors, promoting personal and workplace hygiene, regularly sanitizing its plant and

office premises, and staying in close contact with the local governments in the Wenchuan County, Aba Prefecture, Sichuan Province*（四川省阿壩州汶川縣）regarding the situation of

the Outbreak.

The Board will closely monitor the development of the Outbreak, evaluate its impacts on the operations of the Maoling Mine, and will provide necessary updates if there is any material development to the operations of the Maoling Mine.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

China Vanadium Titano-Magnetite Mining Company Limited

Teh Wing Kwan

Chairman

• for identification purpose only

Hong Kong, 7 February 2020

As at the date of this announcement, the Board comprises Mr. Teh Wing Kwan (Chairman) as non-executive Director; Mr. Jiang Zhong Ping (Chief Executive Officer), Mr. Hao Xiemin (Financial Controller) and Mr. Wang Hu as executive Directors; Mr. Yu Haizong, Mr. Wu Wen and Mr. Liu Yi as independent non-executive Directors.

Website: www.chinavtmmining.com

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