China Nickel Resources : Announcements and Notices - Update on Winding Up Application Against A Subsidiary and Continued Suspension

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.

鎳資源國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

This announcement is made by the board of directors (the "Directors" or the "Board") of Nickel Resources International Holdings Company Limited (the "Company" together with its subsidiaries, the "Group") pursuant to Rules 13.09(2) and 13.25(1)(b) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcements of the Company (the "Announcements") dated 30 August 2016, 3 November 2016, 25 November 2016 and 23 December 2016 in relation to, among other things, the statutory demand letter received by a subsidiary of the Company ("CNR Singapore") and the winding up application against CNR Singapore. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.

On 17 January 2017, the Group received the registrar's notice from the High Court of the Republic of Singapore that the hearing of the Winding Up Application at the High Court of the Republic of Singapore has been further rescheduled to 6 March 2017.

The Company will keep its shareholders informed of developments in relation to the Winding Up Application and other matters by way of further announcement(s) as and when appropriate.

At the request of the Company, trading in the Shares on the Stock Exchange has been suspended since 9:00 a.m. on 1 April 2015. The trading in the Shares on the Stock Exchange will continue to be suspended until further notice.

By order of the Board

Chairman

Hong Kong, 20 January 2017

As at the date of this announcement, the executive Directors are Mr. Dong Shutong (Chairman), Mr. Dong Chengzhe, Mr. Wang Ping, Mr. Song Wenzhou and Mr. Yang Fei; the non-executive Director is Mr. Yang Tianjun; and the independent non-executive Directors are Mr. Bai Baohua, Mr. Huang Changhuai, Mr. Wong Chi Keung and Mr. Fahmi Idris.

All Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement contained in this announcement misleading.