AMBER ENERGY : Announcements and Notices - Business Update Maturity of Convertible Bond

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Amber Energy Limited

琥 珀 能 源 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 90)

BUSINESS UPDATE

MATURITY OF CONVERTIBLE BOND

This announcement is made by the board of directors (the ''Board'') of Amber Energy Limited (the ''Company''). References are made to the Company's announcement dated 18 October 2011 (the ''Announcement'') and the circular of the Company dated 8 November 2011 (the ''Circular'') regarding the issue of the Convertible Bond, in the principal amount of HK$124,800,000 due five years from the issue date, to Amber International. Unless otherwise stated herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement and the Circular.

The Convertible Bond was issued to Amber International on 29 November 2011. In accordance with the Conditions, the Convertible Bond will mature on 29 November 2016. The Company is currently negotiating the handling of the Convertible Bond with Amber International.

In addition, the Board is of the view that Rule 13.19 of the Listing Rules is not applicable, because Amber International has given confirmation that it waives all its rights (if any), whether contractual or otherwise, to bring any claim and/or commence any proceedings against the Company for any remedies and/or reliefs for any breach of the Conditions committed by the Company in connection with the expiry of the existing Maturity Date.

According to the Listing Rules, an application will be made to the Stock Exchange for its approval in accordance with Rule 28.05 of the Listing Rules if there is an alteration of the existing terms of the Convertible Bond. The Company will continue to keep its shareholders and the investing public updated of any development of the settlement negotiations of the Convertible Bond if and when necessary.

By Order of the Board Amber Energy Limited Wei Jun Yong

Chairman

Hong Kong, 25 November 2016

As at the date of this announcement, the Board comprises one executive director, namely Mr. Chai Wei; three non-executive directors, namely Mr. Wei Jun Yong, Mr. Liu Xuan Hua and Mr. Li Jin Quan; and three independent non-executive directors, namely Mr. Tse Chi Man, Mr. Yao Xian Guo and Mr. Yu Wayne W.