Bel Global Resources : Delay in Publication of the Interim Results and Despatch of the Interim Reports and Delay in Publication of the Annual Results and Despatch of the Annual Reports

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.

百營環球資源控股有限公司

(incorporated in Bermuda with limited liability)

(stock code: 761)

References are made to the announcements of Bel Global Resources Holdings Limited (the
"Company") dated 4 July 2011, 28 July 2011, 21 November 2011, 20 June 2012, 27
November 2012, 24 June 2013, 27 November 2013, 23 June 2014 and 21 November 2014 (collectively refer to the "Announcements") in relation to, among others, suspension of trading of shares (the "Shares") of the Company, delay and further delay in publication of the annual results and despatch of the annual report, updates on delay in publication of annual results, delay in publication of the interim results and adjournment of the AGM, delay in publication of the interim results and despatch of the interim reports and delay in publication of the annual results and despatch of the annual reports. Unless otherwise stated, capitalised terms used herein shall bear the same meanings as defined in the Announcements.
The Company announces that the publication of the interim results for the six months period ended 30 September 2011, 2012, 2013 and 2014 (the "Interim Results") and the annual results for the year ended 31 March 2011, 2012, 2013, 2014 and 2015 (the "Annual Results") and the despatch of their respective interim and annual reports will be delayed. Publication of these interim and annual results and despatch of their respective interim and annual reports will be made as soon as reasonably practicable.

As set out in the announcement of the Company on 26 May 2015, having enquired with the Company's auditors regarding the progress of their review and/or audit of the outstanding financial results of the Group, the Directors of the Company are given to understand that:-
(1) apart from the Company, audit works of the Group for the financial year ended 31
March 2011 and 2012 were substantially performed;
(2) due to incompletion of the audited 2011 and 2012 Annual Results and subject to the results of the investigation (the "Investigation") carried out by the Independent Commission Against Corruption of Hong Kong, audit works of the Group for the financial year ended 31 March 2013, 2014 and 2015 have not yet commenced;
(3) the issuance of the audited financial statements for the Group had to be delayed pending for the Investigation results; and
(4) subject to the Investigation results, the progress of the preparation, finalisation and publication of the Interim Results and Annual Results have been affected and delayed and will continue to be delayed.
The Company understands that the outcome of the Investigation may have a material impact on the presentation of the results of the Company. As such, the publications of the Interim Results and Annual Results and despatch of their respective interim and annual reports have been and will continue to be delayed.
Such delays constitute breach of Rules 13.49(1), 13.46(2), 13.49(6) and 13.48(1) of the Listing Rules, which require the Company (i) to publish its preliminary Annual Results on a date not later than three months after the end of the financial year, to send the annual report to the Shareholders not less than 21 days before the date of the annual general meeting of the Company and in any event not more than four months after the end of the financial year to which they relate, and (ii) to publish the interim results announcement not later than two months after the end of the relevant financial period, and to send the interim report to the Shareholders not later than three months after the end of the relevant financial period.
Further announcement(s) will be made to inform the Shareholders the date of release of the abovementioned Annual Results and Interim Results and the despatch of corresponding annual reports and interim reports, when appropriate.

At the request of the Company, trading in the Shares on the Stock Exchange has been suspended with effect from 9:00 a.m. on 4 July 2011 and will continue to be suspended until further notice.

By order of the Board

Company Secretary

Hong Kong, 12 June 2015

As at the date of this announcement, (i) the executive Directors are Ms. Sze Shan Shan, Pat (note 1), and Mr. Li Wing Tak (note 2); (ii) non-executive Director is Mr. Cai Dubing; and (iii) the independent non-executive Directors are Dr. Chang Sookong, Mr. Ho Wai Chi, Paul and Mr. Wong Lok.

Note 1: Positions, duties and functions suspended with effect from 12 December 2014. Note 2: Mr. Li Wing Tak has appointed Mr. Wong Wan Sing as his alternate Director.

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