Real Gold Mining : UPDATE ON THE PROCEEDINGS REGARDING GUANGFA BANK ACCOUNTS

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REAL GOLD MINING LIMITED

瑞 金 礦 業 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 246)

UPDATE ON THE PROCEEDINGS REGARDING GUANGFA BANK ACCOUNTS

Reference is made to the announcement of Real Gold Mining Limited (the ''Company'', together with its subsidiaries, the ''Group'') dated 31 October 2019 with respect to, among other things, the two civil actions initiated by the Group against Guangfa Bank. Capitalised terms used herein have the same meaning as defined in that announcement and the previous announcements referred thereto under the heading ''Update on Guangfa Bank Accounts of the Group''.

Yuexiu Court handed out two judgements both dated 15 November 2019 with respect to the two civil actions, respectively, whereby Guangfa Bank was ruled to provide to the Group, within 10 days from the date of the judgements, (a) bank statements of the Group's accounts with Guangfa Bank and transaction details for the period from 1 December 2016 and 31 March 2018 and (b) the alleged pledge agreement(s) and notice from Guangfa Bank to the Group to honour the alleged obligation thereunder, based on which Guangfa Bank foreclosed the Fixed Deposit of the Company and the Rich Vision Fixed Deposit as set out in greater detail in the announcement of the Company dated 31 July 2019. As at the date of this announcement, the Group has yet to receive any document from Guangfa Bank.

The Company was given to understand that Guangfa Bank has submitted an appeal to the Guangzhou Intermediate People's Court with respect to each of the two cases.

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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

Real Gold Mining Limited

Lu Chunxiang

Chairman

Hong Kong, 6 December 2019

As at the date of this announcement, the executive directors are Mr. Lu Chunxiang (Chairman), Mr. Li Feng, Mr. Ren Yancheng, Mr. Guo Honggang and Mr. Kirk Vincent Wiedemer; and the independent non-executive directors are Mr. Liu Aiguo and Ms. Wang Xu.

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