China Billion Resources : COMPLETION OF THE ISSUE OF SETTLEMENT SHARES UNDER THE SETTLEMENT AGREEMENT

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CHINA BILLION RESOURCES LIMITED

中富資源有限公司

(incorporated in the Cayman Islands with limited liability)

(stock code: 274)

COMPLETION OF THE ISSUE OF SETTLEMENT SHARES UNDER THE

SETTLEMENT AGREEMENT

Reference is made to the announcement of China Billion Resources Limited ("Company") dated 23 October 2019 in relation to the Settlement Agreement entered into by and between the Company and Mr. Li. Capitalised terms used in this announcement have the same meaning as defined in that announcement.

The Company announces that all conditions precedent for the issue of Settlement Shares under the Settlement Agreement have been fulfilled and 1,403,508,771 Settlement Shares were issued by the Company to Mr. Li on 6 November 2019. Immediately after the issue of such Settlement Shares, the shareholding of the Company is as follows:

	Shares in the		Approximately
	Company	%
Mr. Li	1,403,508,771	7.41%
Substantial Shareholders
Chunda International Technology	4,097,813,965	21.62%
Development Co., Limited (note)
Ms. Wang Juan	3,302,033,303	17.43%
Public Shareholders	10,145,130,140		53.54%
Total	18,948,486,179		100.00%

Note:

Chunda International Technology Development Co., Limited is a company wholly-owned by Ms. Fan Rong.

By order of the board of directors of

China Billion Resources Limited

Qiao Bingya

Chairman of the Board

Hong Kong, 6 November 2019

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As at the date of this announcement, the Board comprises:

Executive directors:	Independent non-executive directors:
Mr. Qiao Bingya (Chairman of the Board)	Mr. Cai Jianhua
Mr. Zhang Yiwen (Chief executive officer)	Mr. Ho Wing Chung
Mr. Xie Qiangming	Mr. Yan Xiaotian

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