China Molybdenum : Letter to new H Shareholders - Election of Means and Language of Receipt of Corporate Communications

T H I S L E T T E R I S I M P O R T A N T A N D R E Q U I R E S Y O U R I M M E D I A T E A T T E N T I O N

洛陽欒川鉬業集團股份有限公司

China Molybdenum Co., Ltd.*

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 03993)

6 September 2019

Dear H Shareholder(s),

Letter to new H Shareholders - Election of Means and Language of Receipt of Corporate Communications

Pursuant to Rule 2.07A(2A) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, we are writing to seek your election in relation to the corporate communications (''Corporate Communications'') of China Molybdenum Co., Ltd.* (the ''Company'') to be despatched in the future. Even if you have previously received a letter from the Company seeking your election regarding Corporate Communications and have made an election, you are hereby requested to make an election again. PLEASE NOTE THAT YOUR PREVIOUS ELECTION WILL BE DISREGARDED. IF WE DO NOT RECEIVE YOUR REPLY

TO THIS LETTER BY 4 OCTOBER 2019, YOU WILL BE DEEMED TO HAVE AGREED TO READ THE CORPORATE COMMUNICATIONS PUBLISHED ON THE COMPANY'S WEBSITE IN PLACE OF RECEIVING PRINTED COPIES.

Corporate Communications refer to any documents to be issued by us for your information or action, including but not limited to: (a) the directors' report, its annual accounts together with a copy of the auditor's report and, where applicable, its summary financial report; (b) the interim report and, where applicable, its summary interim report; (c) a notice of meeting; (d) a listing document; (e) a circular; and (f) a proxy form.

You may choose:

1. to read the website version of all future Corporate Communications published on the Company's website (''Website Alternative'') in place of receiving printed copies, and receive a printed notification letter of the publication of Corporate Communications on the Company's website; or
2. to receive a printed English version of all future Corporate Communications only; or
3. to receive a printed Chinese version of all future Corporate Communications only; or
4. to receive both the printed English and Chinese versions of all Corporate Communications.

In order to save costs and protect the environment, we recommend you to take advantage of selecting the Website Alternative. Even if you have chosen the Website Alternative, you reserve the right at any time by reasonable notice in writing (Address: 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong) or by email to the Company's H share registrar to change your choice (Email address: [e-mail]) and if, for any reason, you have difficulty in gaining access to any Corporate Communications, please write to the Company's H share registrar, Computershare Hong Kong Investor Services Limited. The Corporate Communications in printed form will be sent to you free of charge as soon as possible.

Please mark (X) in the appropriate box on the enclosed reply form ("Reply Form") and sign and return it to the Company c/o its H share registrar, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, using the mailing label at the bottom of the Reply Form (a stamp is not needed if posted in Hong Kong).

If we do not receive the Reply Form from you by 4 October 2019 and until you inform the Company's H share registrar by reasonable notice in writing, you will be deemed to have agreed to read the Corporate Communications published on the Company's website in place of receiving printed copies and only a printed notification of the publication of the Corporate Communications on the Company's website will be sent to you in future.

Please note that both the English and Chinese versions of the Corporate Communications will be available on the Company's website at www.chinamoly.comand the HKEXnews' website at www.hkexnews.hk.

Should you have any queries relating to this letter, please contact the Company's H share registrar by calling its hotline at (852) 2862 8688 during business hours (Monday to Friday, 9:00 a.m. to 6:00 p.m., excluding public holidays).

For and on behalf of

China Molybdenum Co., Ltd.*

Li Chaochun

Chairman

* For identification purposes only

03993-2

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