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.

BEL GLOBAL RESOURCES HOLDINGS LIMITED

百營環球資源控股有限公司

(incorporated in Bermuda with limited liability)

(stock code: 761)

SETTING ASIDE OF SUMMARY JUDGMENT IN HCA 1240 OF 2012

The Court of Appeal has allowed the appeal of the Company and the summary judgment in HCA
1240 of 2012 for HK$28,750,000.00 plus interest accrued thereon and costs entered against the
Company has been set aside.
This announcement is made by Bel Global Resources Holdings Limited (the "Company") pursuant to the Inside Information Provisions (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Listing Rules.

References are made to (i) the announcement (the ''Legal Proceedings Announcement'') of the

Company dated 20 July 2012 in relation to, among other things, the writ of summons dated 17
July 2012 taken out by Johnson Electric International Limited ("JEIL") as plaintiff under HCA
1240 of 2012 against the Company as defendant, (ii) the announcement of the Company dated 30
January 2013 in relation to, among other things, the Court's judgment for the Plaintiff against the Company in respect of HCA 1240 of 2012 (the "Judgment Announcement"), (iii) the announcement of the Company dated 14 May 2013 in respect of the statutory demand by JEIL (the "Statutory Demand Announcement"), (iv) the announcement dated 26 June 2013 in respect of the Winding-up Petition in respect of HCCW 169 of 2013 (the "Winding-up Petition Announcement"), (v) the announcement dated 28 August 2013 in relation to the update on the Winding-Up Petition in respect of HCCW 169 of 2013 (the "Update on the Winding-up Petition Announcement") and the announcement dated 20 March 2014 in relation to the update on the proceedings in respect of HCA 1240 of 2012 (the "Update on the Judgment Announcement", together with the Legal Proceedings Announcement, the Judgement Announcement, the Statutory Demand Announcement, the Winding-up Petition Announcement, the Update on the Winding-up Petition Announcement, the "Announcements"). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

1

UPDATE ON HCA 1240 of 2012 AND CACV 36 of 2013

As mentioned in the Announcements,
1. On 30 January 2013, summary judgment was entered against the Company in respect of certain disputed convertible bonds in the sum of HK$28,750,000.00 ("Disputed Bonds") issued by the Company together with interest accrued thereon and costs in HCA 1240 of 2012 (the "Summary Judgment").
2. Notice of Appeal against the Summary Judgment was filed by the Company on 27
February 2013 under CACV 36 of 2013 (the "Company's Appeal"). Orders were sought, amongst other things, that the Summary Judgment be set aside and unconditional leave to defend be given to the Company.
3. On 10 May 2013, JEIL served a statutory demand on the Company demanding the Company to pay a sum of HK$30,407,053.39 plus interest at judgment rate up to the date of payment pursuant to the Summary Judgment under HCA 1240 of 2012. Petition to wind-up the Company (the "Winding-up Petition") under HCCW 169 of 2013 was presented to the Court by JEIL on 24 June 2013. Upon hearing the parties' submissions before the Companies Judge on 2 September 2013, the Court ordered that the hearing of the Winding-up Petition be adjourned, with liberty to restore upon giving three (3) clear days' written notice.
4. The application for a stay of execution of the court order in HCA 1240 of 2012 was heard on 30 September 2013. On 18 March 2014, the Court handed down its decision allowing the Company's application for a stay on the basis of the new evidence.
On 10 April 2014, the Court of Appeal allowed the Company's Appeal against the Summary Judgment and set aside the Summary Judgment (the "Court of Appeal's Decision"). The Company will vigorously defend the claim by JEIL in respect of the Disputed Bonds under HCA
1240 of 2012. Further, in view of the Court of Appeal's Decision, the Company will be taking
steps to apply for dismissal of the Winding-up Petition.
Further announcement will be made on progress of the above proceedings.

SUSPENSION OF TRADING

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.

2

Shareholders and potential investors are accordingly advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Bel Global Resources Holdings Limited Li Wing Tak

Company Secretary

Hong Kong, 11 April 2014

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

Note: Mr. Li Wing Tak has appointed Mr. Wong Wan Sing as his alternate Director.

3

distributed by