Lippo China Resources : CESSATION OF CONTINUING CONNECTED TRANSACTION

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LIPPO CHINA RESOURCES LIMITED

力寶華潤有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 156)

CESSATION OF CONTINUING CONNECTED TRANSACTION

Reference is made to the announcement of the Company dated 3 March 2017 in relation to the Lease of the Premises by Food Junction (the "Announcement") and the joint announcement of Lippo and the Company dated 31 October 2019. Capitalised terms used herein shall have the same meanings as those defined in the Announcement, unless the context requires otherwise.

The Board wishes to announce that on 31 October 2019, following the completion of the disposal of the entire issues shares of Food Junction by the APGL Group to Topwin Investment Holding Pte Ltd (an independent third party of the Company), the Group ceased to hold any interest in Food Junction and accordingly, the Lease of the Premises ceased to constitute a continuing connected transaction for the Company under Chapter 14A of the Listing Rules.

By Order of the Board

LIPPO CHINA RESOURCES LIMITED

John Luen Wai Lee

Chief Executive Officer

Hong Kong, 31 October 2019

As at the date of this announcement, the Board of Directors of the Company comprises seven directors, of which Dr. Stephen Riady (Chairman) and Messrs. John Luen Wai Lee (Chief Executive Officer) and James Siu Lung Lee as executive Directors, Mr. Leon Nim Leung Chan as non-executive Director and Messrs. Edwin Neo, King Fai Tsui and Victor Ha Kuk Yung as independent non-executive Directors.