Huili Resources : (1) APPOINTMENT OF EXECUTIVE DIRECTOR AND (2) CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBERS OF AUDIT COMMITTEE, NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

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Huili Resources (Group) Limited

滙 力 資 源 （ 集 團 ） 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1303)

1. APPOINTMENT OF EXECUTIVE DIRECTOR AND
2. CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBERS OF AUDIT COMMITTEE, NOMINATION COMMITTEE AND

REMUNERATION COMMITTEE

With effect from 6 September 2017, (1) Mr. Yu Liyong has been appointed as executive Director; (2) Ms. Xiang Siying has been appointed as an independent non-executive Director, the chairman of remuneration committee of the Company and members of the nomination committee and audit committee of the Company; and (3) Mr. Cao Kuangyu has resigned as an independent non-executive Director, and ceased to be the chairman of remuneration committee of the Company and members of the nomination committee and audit committee of the Company.

APPOINTMENT OF EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of Huili Resources (Group) Limited (the "Company") announces that Mr. Yu Liyong ("Mr. Yu") has been appointed as executive Director with effect from 6 September 2017.

Mr. Yu, aged 45, holds a Ph.D. degree in auditing from Shanghai University of Finance and Economics and is a non-practicing certified public accountant. He worked for the Shanghai Stock Exchange from April 2000 to March 2014 and is currently an executive director of Huzhou Tashan Equity Investment Management Co., Ltd (湖州他山股權投資管理有限公司). Mr. Yu has over 15 years' experience in the investment and asset management field.

Saved as disclosed above, Mr. Yu does not hold any position in the Company or any subsidiary of the Company, nor any other directorship in listed public companies in the past three years preceding the date of this announcement.

There is no service contract between the Company and Mr. Yu. The remuneration of Mr. Yu will be determined by the Board with reference to prevailing market conditions and his roles and responsibilities with the Company. Mr. Yu does not have any fixed term of service but will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the Articles of Association of the Company.

Mr. Yu does not have any relationships with any directors, senior management, substantial shareholders or controlling shareholders (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) of the Company. Mr. Yu does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong.

Saved as disclosed above, Mr. Yu is not aware of any other matters that need to be brought to the attention of the shareholders of the Company nor is there any information to be disclosed by the Company pursuant to any of the requirements under Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board also announces that Ms. Xiang Siying ("Ms. Xiang") has been appointed as an independent non-executive Director, chairman of remuneration committee of the Company and members of the nomination committee and audit committee of the Company with effect from 6 September 2017.

Ms. Xiang, aged 54, holds Bachelor's Degree in Agriculture Economics from China Agriculture University (now known as China Agriculture University) in 1986 and Master's Degree in Finance and Economics from Zhongnan University of Economics, Finance and Laws, China as well as The Research Institute of Finance and Economics of China in 1988. Ms. Xiang also holds a Master Degree in Business Administration from London Business School in 1999. She is a currently a consultant for CDH Investments ("CDH") and has had a long career in investment, banking and financial advisory services. From June 2010 to April 2016, Ms. Xiang had worked for CDH as an executive director; and before that from March 2004 to June 2010 she worked for China International Capital Corporation in its Direct Investment Department and Investment Banking Department as an executive director. Prior to returning China in early 2004, Ms. Xiang was an investment officer of Global Manufacturing and Service Department and East Asia and Pacific Department of International Finance Corporation ("IFC"), the World Bank Group, in Washington DC from August 1996 to March 2004, and before that Ms. Xiang was an investment analyst of IFC's representative office in China. From July 1988 to July 1991 Ms. Xiang served as an officer of Ministry of Agriculture China, in its Department of World Bank Agriculture Project Management and Department of Rural Reform Research and Farm Management. Currently, Ms. Xiang has been both independent non-executive directors of China Ocean Industry Group Limited, a company listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with stock code 651 since May 2008 and Titan Petrochemicals Group Limited, a company listed on the Stock Exchange with stock code 1192 since July 2015.

Saved as disclosed above, Ms. Xiang does not hold any position in the Company or any subsidiary of the Company, nor any other directorship in listed public companies in the past three years preceding the date of this announcement.

There is no service contract between the Company and Ms. Xiang. The remuneration of Ms. Xiang will be determined by the Board with reference to prevailing market conditions and her roles and responsibilities with the Company. Ms. Xiang does not have any fixed term of service but will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the Articles of Association of the Company.

Ms. Xiang does not have any relationships with any directors, senior management, substantial shareholders or controlling shareholders (as defined in the Listing Rules) of the Company. Ms. Xiang does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong.

Ms. Xiang has confirmed that she has met the independence criteria as set out in Rule 3.13 of the Listing Rules and saved as disclosed above, Ms. Xiang is not aware of any other matters that need to be brought to the attention of the shareholders of the Company nor is there any information to be disclosed by the Company pursuant to any of the requirements under Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board also announces that Mr. Cao Kuangyu ("Mr. Cao") has resigned as an independent non-executive Director and ceased to be the chairman of remuneration committee of the Company, members of nomination committee and audit committee of the Company with effect from 6 September 2017 to pursue his other career opportunities.

Mr. Cao has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the shareholders of the Company or the Stock Exchange in relation to his resignation.

The Board would like to express its warmest welcome to Mr. Yu and Ms. Xiang on their appointments and take this opportunity to express its appreciation for the efforts of Mr. Cao and his valuable contributions to the Company during his tenure of office.

By order of the Board

Huili Resources (Group) Limited Li Xiaobin

Chairman

Hong Kong, 6 September 2017

As at the date of this announcement, the executive Directors are Mr. Li Xiaobin, Ms. Wang Qian, Mr. Liu Huijie, Ms. Jia Dai and Mr. Yu Liyong and the independent non-executive Directors are Mr. Cao Shiping, Ms. Sun Zhili and Ms. Xiang Siying.