Asia Resources : COMPLETION OF DISCLOSEABLE TRANSACTION INVOLVING THE ACQUISITON OF 20% OF EQUITY INTERESTS IN THE TARGET COMPANY

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)

Reference is made to the announcement of Asia Resources Holdings Limited (the "Company") dated 19 April 2017 (the "Announcement") in relation to a discloseable transaction involving the acquisition of 20% of equity interests in the Target Company. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board is pleased to announce that as the relevant conditions precedent of the Agreement have been fulfilled, Completion took place on 25 April 2017. As at the date of this announcement, the Promissory Note in the aggregate principal amount of HK$273,000,000 has been issued by the Company to the Vendor in accordance with the Agreement, whereupon the Target Company is indirectly owned as to 20% by the Company.

Following Completion, the Target Company will become an associate of the Company.

By order of the Board

Chairman

Hong Kong, 25 April 2017

As at the date of this announcement, the Board consists of five executive directors, Mr. Wu Hongquan, Mr. Huang Yilin, Mr. Chan Shi Yin, Keith, Ms. Li Yali and Mr. Zhang Zhensheng; and three independent non-executive directors, Mr. Zhang Xianlin, Mr. Kwok Hong Yee, Jesse and Mr. Ng Ping Yiu.

* For identification purpose only

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