Nan Nan Resources : Appointment of alternate director

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.

南南資源實業有限公司

(Incorporated in Bermuda with limited liability)

This announcement is made pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

Nan Nan Resources Enterprise Limited (the "Company") hereby announces that Mr. WANG Xiangfei, the executive director of the Company, has appointed Mr. WONG Sze Wai ("Mr. Wong") as his alternate director with effect from 18 July 2017.

Biographical details of Mr. Wong are set out as follows:

Mr. WONG Sze Wai, aged 34, obtained a master degree in Social Science from the University of Hong Kong in 2010 and a bachelor degree in Science from McMaster University of Canada in 2007. Mr. Wong is currently a director of several private companies in Hong Kong, focusing on business development and legal aspects. His industrial experience includes research and development, business development, and legal and compliance, etc. Mr. Wong is the son of Mr. WANG Xiangfei and Ms. LO Fong Hung, the executive directors of the Company.

Mr. Wong does not hold any positions in the Company or any other members of the Company, nor did he hold any directorship in any other listed companies in the last three years.

There is no service agreement between Mr. Wong and the Company with respect to his appointment as an alternate director to Mr. WANG Xiangfei. Furthermore, no terms have been fixed or proposed for Mr. Wong's length of service as an alternate director with the Company. In accordance with the Bye-laws of the Company, the office of Mr. Wong as an alternate director of the Company shall continue until the next annual election of the directors of the Company (the "Director") or, if earlier, the date on which Mr. WANG Xiangfei ceases to be a Director, or until Mr. WANG Xiangfei removes him as an alternate Director. Mr. Wong will not receive any remuneration in his capacity as an alternate Director to Mr. WANG Xiangfei.

Save as disclosed above, Mr. Wong does not have relationship with any Directors, senior management, substantial shareholders or controlling shareholders of the Company.

So far as the Company is aware, as at the date hereof, Mr. Wong does not have any interest in the shares of the Company (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)).

In relation to the appointment of Mr. Wong, there is no information which is discloseable nor is/was he involved in any of the matters required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules; and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

The Company would like to take this opportunity to welcome Mr. Wong for joining the Company as an alternate Director to Mr. WANG Xiangfei.

Made by the order of the board of Directors (the "Board") of the Company, save for Ms. LO Fong Hung who could not be contacted as at the date of this announcement.

By Order of the Board

Chairman and Managing Director

Hong Kong, 18 July 2017

As at the date of this announcement, the Board comprises three executive directors, namely Mr. Kwan Man Fai, Ms. Lo Fong Hung and Mr. Wang Xiangfei; three independent non- executive directors, namely Mr. Wong Man Hin, Raymond, Mr. Lam Ka Wai, Graham and Mr. Chan Yiu Fai, Youdey; and one alternate director, Mr. Wong Sze Wai (alternate to Mr. Wang Xiangfei).