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.

China Gem Holdings Limited

中 國 中 石 控 股 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 1191)

RESUMPTION OF TRADING

Reference is made to the announcements of China Gem Holdings Limited (the ''Company'') dated 31 March 2021, 15 April 2021 and 28 April 2021 (collectively, the ''Announcements'') in relation to, among others, the delay in publication of the audited final results and annual report for the year ended 31 December 2020 and the suspension of trading in the shares of the Company (the ''Shares''). Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

At the request of the Company, trading in the Shares on the Stock Exchange has been suspended with effect from 9 : 00 a.m. on 1 April 2021 pending the publication of the 2020 Annual Results. The Company has made an application to the Stock Exchange for the resumption of trading of the Shares on the Stock Exchange with effect from 9 : 00 a.m. on 10 May 2021.

By order of the Board

China Gem Holdings Limited

Zhong Ling

Executive Director

Hong Kong, 10 May 2021

As at the date of this announcement, the Board comprises Mr. Zhong Ling and Mr. Yan Ping being executive Directors; Mr. Kan Chi Ming being non-executive Director; and Mr. Warren Lee Primhak and Mr. Li Haibo being independent non-executive Directors.

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Yueshou Environmental Holdings Ltd. published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 08:14:17 UTC.