Hong Kong Resources : Announcements and Notices - Appointment of Non-executive Director

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HONG KONG RESOURCES HOLDINGS COMPANY LIMITED

香港資源控股有限公司

(Incorporated in Bermuda with limited liability

and carrying on business in Hong Kong as HKRH China Limited)

(Stock Code: 2882)

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The board (the "Board") of directors ("Directors") of Hong Kong Resources Holdings Company Limited (the "Company") announces that Mr. Hu Hongwei has been appointed as a non-executive director of the Company with effect from 29 March 2019.

Mr. Hu Hongwei ("Mr. Hu"), aged 39, is an attorney-at-law admitted to practice in China. He was graduated from Fudan University with a Bachelor of Laws (LLB) degree and Master of Laws (LLM) degree. He is currently a partner of Shanghai office of Dentons. He has extensive experience in legal aspects of cross-border investment, restructuring and mergers and acquisitions practice. Mr. Hu has been an independent non-executive director of Tenwow International Holdings Limited (stock code: 1219) since November 2018. Mr. Hu had served as an independent non-executive director, a non-executive director and an executive director of a Hong Kong listed company Titan Petrochemicals Group Limited (stock code: 1192) respectively from November 2015 to February 2018.

Mr. Hu has entered into a letter of appointment with the Company on 29 March 2019. His emolument will be determined by the Board on the recommendation of the remuneration committee of the Company by reference to his duties and responsibilities with the Company. Mr. Hu is subject to retirement and re-election at the next following annual general meeting of the Company after his appointment and thereafter subject to retirement by rotation and re-election at the annual general meeting in accordance with the bye-laws of the Company.

Save as disclosed above, Mr. Hu has not held any directorship in the last three years in any public companies the securities of which are listed on any securities market in Hong Kong or overseas and does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company.

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As at the date of this announcement, Mr. Hu does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Future Ordinance.

Save as disclosed above, there is no other information relating to the appointment of Mr. Hu that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules nor any matters that need to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to welcome Mr. Hu to join the Board.

By order of the Board of

Hong Kong Resources Holdings Company Limited

Mr. Xu Zhigang

Executive Director & Chief Executive Officer

Hong Kong, 29 March 2019

As at the date of this announcement, the Board comprises Mr. Lam Kwok Hing, Wilfred, J.P., Mr. Xu Zhigang (Chief Executive Officer), Mr. Zhao Jianguo and Ms. Dai Wei as executive directors, Mr. Hu Hongwei as non-executive director and Dr. Loke Yu alias Loke Hoi Lam, Mr. Xu Xiaoping and Mr. Fan, Anthony Ren Da as independent non-executive directors.

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