香港聯合交易所有限公司
(香港交易及結算所有限公司全資附屬公司)
THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

ANNOUNCEMENT
In relation to the matter of
Nickel Resources International Holdings Company Limited
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2889)

Proceeding to third stage of delisting procedures

The Stock Exchange of Hong Kong Limited (the 'Exchange') places Nickel Resources International Holdings Company Limited (the 'Company') into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 24 July 2017), the Company's listing will be cancelled.

Trading of the Company's shares was suspended on 1 April 2015 as it has failed to release its annual results for the year ended 31 December 2014.

By 7 December 2015 the Exchange was of the view that the Company did not comply with the requirement to have sufficient operations or assets under Rule 13.24. The Exchange placed the Company into the first and second delisting stages on 7 December 2015 and 4 July 2016 respectively. At the end of the second delisting stage on 3 January 2017, the Company did not provide any resumption proposal. Therefore, the Exchange has decided to place the Company into the third delisting stage under Practice Note 17 to the Listing Rules.

The Company will have a final six months to provide a viable resumption proposal to demonstrate sufficient operations or assets as required under Rule 13.24.

The Company must also:

1. publish all outstanding financial results and address any audit qualifications;
2. demonstrate that the Company has sufficient working capital for its operations for at least twelve months from its expected resumption date;
3. demonstrate that the Company has put in place adequate financial reporting procedures and internal control systems to meet its Listing Rules obligations; and
4. inform the market of all material information for the shareholders and the investors to appraise the Company's position.
If no viable resumption proposal is received by the end of the third delisting stage (i.e. 24 July 2017), the Company's listing will be cancelled. The Exchange will make a further announcement if the delisting takes place.

Ends

HKEx - Hong Kong Exchanges and Clearing Ltd. published this content on 25 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2017 09:41:04 UTC.

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