55eccf34-a057-4780-9745-4a7f921cb1ad.pdf

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.




(Incorporated in Bermuda with limited liability)

(Stock Code: 988)


TERMINATION OF AMERICAN DEPOSITARY RECEIPTS PROGRAM


Loudong General Nice Resources (China) Holdings Limited (the 'Company') intends to terminate the Company's American Depositary Receipts ('ADR') Program (the 'Program'). The Bank of New York Mellon ('BNY Mellon') resigned as the depositary bank under the Program and the Company does not intend to appoint a successor depositary bank, under these circumstances and in accordance with the terms of the deposit agreement entered into between the Company and BNY Mellon dated 8 November 1996, the Program will be terminated no sooner than 90 days from the date of notice of such termination by BNY Mellon to the holders of ADRs. The Program has provided an opportunity for shares of the Company to be traded in the over-the-counter market of the United States. Having given consideration to the relatively low participation in the Program and the fact that the outstanding ADRs represents less than 0.1% of the total outstanding shares of the Company, the board of directors of the Company (the 'Board') has decided to terminate the Program. Termination of the Program will not, in the view of the Board, have any adverse impact on the price or trading volume of the shares of the Company on The Stock Exchange of Hong Kong Limited.


BNY Mellon will contact the holders of ADRs directly with regard to the procedures and consequences of the termination of the Program.


By order of the Board

Loudong General Nice Resources (China) Holdings Limited Lau Yu

Executive Director and Chief Executive Officer


Hong Kong, 20 November 2015


As at the date of this announcement, the Board consists of five executive Directors, namely Mr. Cai Sui Xin, Mr. Zhao Cheng Shu, Mr. Lau Yu, Mr. Ng Tze For and Ms. Li Xiao Juan; and three independent non-executive Directors, namely Ms. Choy So Yuk, Mr. Gao Wen Ping and Mr. Leung Yuen Wing.

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