Bel Global Resources : Appointment of Non-executive Director

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百營環球資源控股有限公司

(incorporated in Bermuda with limited liability)

(stock code: 761)

The Board is pleased to announce that Mr. Irons Sze has been appointed as a Non-executive Director of the Company with effect from 1 February 2017.

The board ("Board") of directors (each a "Director") of Bel Global Resources Holdings Limited ("Company", together with its subsidiaries, the "Group") is pleased to announce that, with effect from 1 February 2017, Mr. Irons Sze ("Mr. Sze") has been appointed as a Non-executive Director of the Company.

Mr. Sze B.B.S., J.P., aged 55, graduated with a Bachelor's degree in Science from University of Wisconsin-La Crosse, United States in 1985. Mr. Sze has extensive experience in investment and corporate management. Mr. Sze is an independent non-executive director of Continental Holdings Limited (Stock Code: 513) and Chevalier International Holdings Limited (Stock Code: 25) and a non-executive director of China Weaving Materials Holdings Limited (Stock Code: 3778), all of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). He is also an executive director of a private company, Hang Tung Resources Holding Limited, and holds directorship in various private companies.

Mr. Sze is a member of the National Committee and an executive member of the Beijing Municipal Standing Committee of the Chinese People's Political Consultative Conference, and currently the Permanent Honorary President of the Chinese Manufacturers' Association of Hong Kong. He was also elected as a member of Election Committee of the Chief Executive of the Hong Kong Special Administrative Region (the "HKSAR") in 2016. Mr. Sze was appointed the Justice of the Peace and awarded the Bronze Bauhinia Star by the Government of the HKSAR in 2011 and 2015 respectively.

In the capacity as Director of the company, the emolument of Mr. Sze are determined by the Remuneration Committee of the Board with reference to his duties, responsibilities, the prevailing market practice and his contribution to the Company. Following his appointment, Mr. Sze will be entitled to receive from Company a director's fee of HK$100,000 per annum.

There is no service contract and specific term of service entered into between the Company and Mr. Sze. Mr. Sze will hold office until the first general meeting of the Company and his re-appointment is subject to retirement by rotation and re-election at general meeting of the Company in accordance with the Bye-laws of the Company.

Save as disclosed above, Mr. Sze (i) does not hold or did not hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years and any other major appointments and professional qualifications; (ii) does not have any interest in the securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance; (iii) does not hold any other position with the Company and other members of the Group; and (iv) does not have any relationship with any Directors, senior management or substantial or controlling shareholders of the Company.

As confirmed by Mr. Sze, save as disclosed herein, the Board is not aware of any matters or information relating to Mr. Sze that are required to be disclosed pursuant to paragraphs (h) to

(v) of Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange, nor are there any other matters that need to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to welcome Mr. Sze to join the Board.

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, 8 February, 2017

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 Directors are Mr. CAI Dubing and Mr. SZE Irons; and (iii) the independent non-executive Directors are Dr. CHANG Soo-kong and Mr. HO Wai Chi, Paul.

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.