DELAY IN DESPATCH OF CIRCULAR IN RELATION TO CONTINUING CONNECTED TRANSACTIONS: 2019 MASTER PURCHASE AGREEMENT AND 2019 MASTER SALES AGREEMENT

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.

Peking University Resources (Holdings) Company Limited

北大資源（控股）有限公司

(Incorporated in Bermuda with limited liability)

(Stock code: 00618)

DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO

CONTINUING CONNECTED TRANSACTIONS: 2019 MASTER PURCHASE AGREEMENT AND 2019 MASTER SALES AGREEMENT

Reference is made to the announcement (the "Announcement") of the Company dated 28 November 2019 in relation to the continuing connected transactions regarding the 2019 Master Purchase Agreement, 2019 Master Sales Agreement and 2019 Master Property Management Service Agreement. Unless otherwise stated, capitalized terms used herein shall bear the same meanings as defined in the Announcement.

DELAY IN DESPATCH OF CIRCULAR

As set out in the Announcement, a circular containing the information required under the Listing Rules in relation to the 2019 Master Purchase Agreement and 2019 Master Sales Agreement is expected to be despatched to the Shareholders on or before 19 December 2019.

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Since additional time is required for the preparation and finalization of certain information of the Group, it is expected that the despatch date of the circular will be postponed to a date on or before 9 January 2020.

By Order of the Board

Peking University Resources (Holdings) Company Limited

Cheung Shuen Lung

Chairman

Hong Kong, 18 December 2019

As at the date of this announcement, the board of directors of the Company comprises executive Directors of Mr. Cheung Shuen Lung (Chairman), Mr. Zeng Gang (President), Ms. Sun Min, Mr. Ma Jian Bin, Ms. Liao Hang and Mr. Zheng Fu Shuang, and the independent non-executive Directors of Mr. Li Fat Chung, Ms. Wong Lam Kit Yee and Mr. Chan Chung Kik, Lewis.

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