Asia Resources : INSIDE INFORMATION – NEGOTIATIONS ON POSSIBLE ACQUISITION AND RESUMPTION OF TRADING

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)

This announcement is made by Asia Resources Holdings Limited (the "Company", and together with its subsidiaries, the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
References are made to (i) the announcements of the Company dated 8 July 2014 (the "Announcement") and 8 October 2014 in respect of the Possible Acquisition and (ii) the announcement of the Company dated 13 October 2014 regarding the halt of trading in the shares of the Company on the Stock Exchange with effect from 9:00 a.m. on 13 October 2014. Capitalised terms used in this announcement shall have the same meanings as defined in the Announcement unless otherwise stated.
The board of directors of the Company (the "Board") wishes to inform the shareholders of the Company that, after intensive negotiation with the Possible Vendor up until 12 October
2014, key terms and conditions on the Possible Acquisition were agreed originally and the Company intended to enter into a formal binding sale and purchase agreement (the "Formal Agreement") with the Possible Vendor in respect to the Possible Acquisition on Monday,
13 October 2014. However, due to the prolonged negotiation on the last minutes request from the Possible Vendor on the upward adjustment of the consideration amount of the Possible Acquisition, no agreement could be reached as expected at the end of the business day. Therefore, no Formal Agreement has been entered into as at the date of this announcement.

* For identification purposes only

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The Board considers that more time may be required for further negotiations regarding the terms and conditions of the Formal Agreement. Further announcement will be made in accordance with the Listing Rules upon finalizing the terms on the Possible Acquisition.

At the request of the Company, trading in the shares of the Company on the Stock Exchange was halted with effect from 9:00 a.m. on Monday, 13 October 2014 pending the release of the announcement regarding the Possible Acquisition. The Company has applied to the Stock Exchange for resumption of trading in the shares of the Company with effect from 9:00 a.m. on Wednesday, 15 October 2014.
This announcement is made by the order of the Company. The Board collectively and individually accepts responsibility for the accuracy of this announcement. Save as disclosed above, the Board is not aware of any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

By order of the Board of

Chairman

Hong Kong, 14 October 2014

As at the date of this announcement, the Board consists of five executive Directors, Mr. Chim Kim Lun, Ricky, Mr. Cheung Kai Kwong, Mr. Yeung Yiu Bong, Anthony, Mr. Lu Jianling and Mr. Lin Chengdong; one non-executive Director, Mr. Tong Leung Sang; and three independent non-executive Directors, Mr. Zhang Xianlin, Mr. Lum Pak Sum and Mr. Kwok Hong Yee, Jesse.

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