Asia Resources : TERMINATION OF THE SALE AND PURCHASE AGREEMENT IN RELATION TO THE ACQUISITION OF 100% EQUITY INTEREST IN SHAANXI TIANDI ZHONGLI ENERGY DEVELOPMENT COMPANY LIMITED

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 ("Announcement") of Asia Resources Holdings Limited (the "Company") dated 29 June 2016 in connection with the Acquisition. Unless otherwise stated, capitalised terms used herein shall bear the same meanings as defined in the Announcement.

On 29 June 2016, the Purchaser, being an indirect wholly-owned subsidiary of the Company, entered into the Sale and Purchase Agreement with the Vendors in relation to the Acquisition, pursuant to which the Purchaser has agreed to purchase, and the Vendors have agreed to sell, 100% equity interest in the Target Company for the consideration of RMB31,200,000.

Pursuant to the Sale and Purchase Agreement, the Purchaser shall have right to terminate the Sale and Purchase Agreement if the Bank Account(s) was not opened within ninety (90) days from the date of the Sale and Purchase Agreement. As of the date of this announcement, the said obligation has not been fulfilled by the Vendors. After due and careful consideration, the Board decided not to proceed with the Acquisition.

* For identification purposes only

On 26 May 2017, the Purchaser has served a termination notice to the Vendors for, among other things, termination of the Sale and Purchase Agreement. No Consideration has been paid by the Company up to the date of this announcement.

The Board is of the view that the termination of the Sale and Purchase Agreement is fair and reasonable, and in the interest of the Company and its shareholders as a whole.

By order of the Board

Executive Director

Hong Kong, 29 May 2017

# The English translation of the Chinese names or words in this announcement, where indicated, is included for identification purpose only, and should not be regarded as the official English translation of such Chinese names or words.

As at the date of this announcement, the Board consists of four executive directors, Mr. Huang Yilin, Mr. Chan Shi Yin, Keith, Mr. Liu Yan Chee, James and Mr. Chan Yuk Sang; and three independent non-executive directors, Mr. Zhang Xianlin, Mr. Kwok Hong Yee, Jesse and Mr. Ng Ping Yiu.