Peking University Resources : INSIDE INFORMATION ANNOUNCEMENT ON NOTIFICATION LETTER FROM PEKING FOUNDER ON ITS POTENTIAL REORGANISATION

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Peking University Resources (Holdings) Company Limited

北大資源（控股）有限公司

(Incorporated in Bermuda with limited liability)

(Stock code: 00618)

INSIDE INFORMATION

ANNOUNCEMENT ON NOTIFICATION LETTER FROM PEKING

FOUNDER ON ITS POTENTIAL REORGANISATION

This announcement is made by Peking University Resources (Holdings) 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) (the "SFO").

On 18 February 2020, the Company received a notification letter from Peking University Founder Group Company Limited ("Peking Founder"), a shareholder of the Company, regarding a notice recently received by Peking Founder from The First Intermediate People's Court of Beijing (the "Court"). According to such notice, Bank of Beijing Co., Ltd. applied to the Court for the initiation of reorganisation procedure against Peking Founder.

As of the date of this announcement, there is uncertainty as to whether such application for reorganisation will be accepted by the Court and whether Peking Founder commence reorganisation procedure. If the application for reorganisation is accepted by the Court, Peking Founder will commence reorganisation procedure, which may have impact on the shareholding structure of the Company.

The Company will closely follow the developments of this incident and comply with relevant disclosure requirements under the Listing Rules and the SFO in a timely manner.

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Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board

Peking University Resources (Holdings) Company Limited

Cheung Shuen Lung

Chairman

Hong Kong, 18 February 2020

As at the date of this announcement, the board of directors of the Company comprises executive Directors of Mr. Cheung Shuen Lung (Chairman), Mr. Zeng Gang (President), Ms. Sun Min, Mr. Ma Jian Bin, Ms. Liao Hang and Mr. Zheng Fu Shuang, and the independent non-executive Directors of Mr. Li Fat Chung, Ms. Wong Lam Kit Yee and Mr. Chan Chung Kik, Lewis.

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