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)

INSIDE INFORMATION

This announcement is made by Peking University Resources (Holdings) Company Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").

Reference is made to the announcement of the Company dated 21 February 2020. Recently, the subsidiary of the Company has once again received relevant proceedings. The litigation fees have been paid by the plaintiff, and the amount of loan repayment required for this litigation is changed to RMB770 million. The proceedings have recently been accepted by the relevant court.

In addition, Peking University Resources Group Investment Company Limited* (北大資源 集團投資有限公司), a subsidiary of the Company, has recently received an application for arbitration of a securities conflict case, requiring the payment of principal involved in relevant securities and the expected revenue, amounting to approximately RMB497 million. The application has recently been accepted by the relevant arbitration court.

The Company has been proactively dealing with the matters mentioned above and seeking relevant legal advice. The Company will continue to monitor the follow-up progress and perform the obligation of information disclosure under the Listing Rules and SFO in due course.

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

By Order of the Board

Peking University Resources (Holdings) Company Limited

Cheung Shuen Lung

Chairman

Hong Kong, 5 March 2020

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.

  • Unofficial English translation denotes for identification purpose only

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Peking University Resources (Holdings) Co. Ltd. published this content on 05 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2020 08:40:07 UTC