Nickel Resources Internatnl Hldgs : Announcements and Notices - (1) Periodic Announcement; (2) Update on the Status of the Fulfilments of the Resumption Conditions - Submission of Resumption Proposal; and (3) 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)

1. PERIODIC ANNOUNCEMENT;
2. UPDATE ON THE STATUS OF THE FULFILMENTS OF THE RESUMPTION CONDITIONS - SUBMISSION OF RESUMPTION PROPOSAL; AND
3. CONTINUED SUSPENSION

References are made to the announcements of Nickel Resources International Holdings Company Limited (the "Company") dated 7 March 2016, 22 June 2016, 7 July 2016, 3 August 2016, 5 September 2016, 29

September 2016, 7 October 2016, 3 November 2016, 5 December 2016, 6 January 2017, 24 February 2017,

24 March 2017, 27 April 2017, 31 May 2017 and 29 June 2017 in relation to, among other things, the proposed issue of subscription shares under the specific mandate, the application for the whitewash waiver, the special deal and the periodic update of the Company's development (the "Announcements"). Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As disclosed in the announcement of the Company dated 25 January 2017, the Company was placed in the Third Delisting Stage under Practice Note 17 to the Listing Rules by the Stock Exchange and Resumption Conditions were imposed by the Stock Exchange on the Company.

The Company wishes to inform the Shareholders that a resumption proposal (the "Resumption Proposal") has been submitted to the Stock Exchange to demonstrate that the Company can satisfy the Resumption Conditions via the successful completion of its revised proposed restructuring (the "Revised Proposed Restructuring". The Revised Proposed Restructuring has two major elements, namely (1) the readjustment of business operations of the Group and (2) the proposed financial restructuring of the Company.

Business operations

The Company has been actively exploring alternative methods and plans to improve its business operation by making use of its existing plant and equipment and capacities. As at the date of this announcement, the Company has successfully entered into several sales agreements and sales contracts, which upon completion, may enhance the Group's financial performance.

Financing restructuring

The financial restructuring entails, among other things, (i) the Subscription; (ii) a proposed open offer; and

(iii) the revised debt restructuring.

1. The Subscription

   In the Resumption Proposal, the terms of the Subscription remain unchanged as previously announced.

2. The proposed open offer

   The Company proposed to include an open offer of which the Company expected the net proceeds will be used to offset certain debt and borrowings of the Company.

3. Revised debt restructuring

The Company has improved the debt restructuring plan by entering into further financial arrangements including, among other things, the disposal of certain share interests of its subsidiaries and arrangements with PRC banks to waive the breach of the existing bank loans and borrowings.

The Group is progressing and is committed to progressing with the implementation of all the plans contained in the Resumption Proposal once the Stock Exchange grants its in-principle approval of the Resumption Proposal. The Company will publish further announcement(s) to update the Shareholders in relation to the Resumption Proposal as and when appropriate and in compliance with the Listing Rules and the Takeovers Code.

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 of

Chairman

Hong Kong, 27 July 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.

2