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.

NORTH MINING SHARES COMPANY LIMITED

北 方 礦 業 股 份 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 433)

INSIDE INFORMATION

UPDATE ON WINDING UP PETITION IN BERMUDA

This announcement is made by North Mining Shares Company Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

References are made to the announcements of the Company dated 12 July 2019, 25 July 2019, 21 August 2019, 26 August 2019, 30 September 2019, 14 October 2019, 30 October 2019, 3 November 2019, 4 November 2019, 18 November 2019, 13 February 2020, 8 June 2020, 16 June 2020 and 22 June 2020 (the "Announcements") in relation to the Bermuda Petition presented by the Company, and the execution of the settlement agreement for the Hong Kong Petition and the Bermuda Petition. Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless otherwise stated.

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The Company is pleased to announce that the hearing in relation to the withdrawal of the Bermuda Petition was heard on 27 July 2020 (Bermuda time). The Supreme Court of Bermuda ordered to withdraw the Bermuda Petition, to discharge the joint provisional liquidators of the Company and to make no order as to costs in the Bermuda Petition.

By order of the Board

North Mining Shares Company Limited

Yang Ying Min

Chairman

Hong Kong, 28 July 2020

As at the date of this announcement, the Board of the Company comprises Mr. Yang Ying Min, Mr. Qian Yi Dong, Mr. Zhang Jia Kun and Mr. Zhao Jian as Executive Directors; and Mr. Wong Wai Chun Alex and Dato Dr. Cheng Chak Ho as Independent Non-executive Directors.

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North Mining Shares Company Limited published this content on 28 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2020 09:45:01 UTC