Wanguo International Mining : Voluntary Announcement - Completion of Disposal of Shares by Substantial Shareholder

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Wanguo International Mining Group Limited 萬國國際礦業集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 3939)

VOLUNTARY ANNOUNCEMENT

COMPLETION OF DISPOSAL OF SHARES BY SUBSTANTIAL

SHAREHODLER

This announcement is made by Wanguo International Mining Group Limited (the "Company") on a voluntary basis.

References are made to the announcement of the Company dated 29 December 2020, 22 February 2021, 2 March 2021 respectively (the "Announcements") in relation to, amongst others, the disposal of shares by substantial shareholder. Unless otherwise stated, terms used herein shall have the same meanings as defined in the Announcement.

The Board has been informed by Cheng Tun that completion of the Disposal took place on 8 March 2021. Pursuant to the Share Transfer Agreement, 64,814,000 Shares, representing approximately 7.83% of the total issued share capital of the Company as at the date of this announcement, have been transferred by Cheng Tun to Humon Mining.

Immediately upon completion of the Disposal and as at the date of this announcement, Cheng Tun has ceased to be a substantial shareholder of the Company and Humon Mining became interested in 172,814,000 Shares, representing approximately 20.87% of the total issued share capital of the Company.

EFFECTS ON SHAREHOLDING STRUCTURE OF THE COMPANY

To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, the shareholding structure of the Company immediately before and after the completion of the Disposal is as follows:

Name of the Shareholders

Immediately before	Immediately after
completion of the Disposal	completion of the Disposal
Number of Approx. %	Number of Approx. %
Shares	Shares

Victor Soar Investments Limited1	281,400,000	33.99	281,400,000	33.99
Achieve Ample Investments Limited2	138,600,000	16.74	138,600,000	16.74
Cheng Tun3	91,510,000	11.05	26,696,000	3.22
Humon Mining	108,000,000	13.04	172,814,000	20.87
Public Shareholders	208,490,000	25.18	208,490,000	25.18
Total	828,000,000	100.00	828,000,000	100.00
Notes:

• 1. Victor Soar Investments Limited is wholly-owned and controlled by Mr. Gao Mingqing. Mr. Gao Mingqing is the Chairman, Chief Executive Officer and an executive Director.

• 2. Achieve Ample Investments Limited is wholly-owned and controlled by Ms. Gao Jinzhu. Ms. Gao Jinzhu is an executive Director.

• 3. Cheng Tun Prime Shine Limited is a wholly-owned subsidiary of Shenzhen Chengtun Equity Investments Company Limited（深圳盛屯股權投資有限公司）, which in turn is wholly-owned by Chengtun Mining Group Co., Ltd., a company listed on Shanghai Stock Exchange with stock code: 600711.

By Order of the Board

Wanguo International Mining Group Limited

Gao Mingqing

Chairman

Hong Kong, 8 March 2021

As at the date of this announcement, the Board comprises Mr. Gao Mingqing (Chairman), Ms. Gao Jinzhu, Mr. Xie Yaolin and Mr. Liu Zhichun as executive Directors; Mr. Li Kwok Ping and Mr. Lee Hung Yuen as non-executive Directors; and Dr. Lu Jian Zhong, Mr. Qi Yang, Mr. Shen Peng and Mr. Wang Xin as independent non-executive Directors.