Novarise Renewable Resources Intl : Updates – 27.04.2016

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NOVARISE RENEWABLE RESOURCES INTERNATIONAL LTD

Australian Securities Exchange Announcement

The Manager 27 April 2016 Companies Announcements Officer Australian Securities Exchange Limited PO Box H224 Australia Square Sydney NSW 1215 ASX Announcement - Update

On 24 March 2016, Novarise Renewable Resources International Ltd (the Company) provided an update on the progress in regards to the Company's annual financial report for the year ended 31 December 2014 that the directors of the Company need to resolve with the auditor.

The Company's management worked with the Company's auditor through in January through to April 2016 to resolve the issues raised by the Company's auditor for the report for the year ended 31 December 2014 and the half-year financial report ended 30 June 2015. The Company is currently finalising its review of the draft the relevant Appendix 4E for the financial year ending 31 December, 2014 and Appendix 4D in respect of six months financial information to 30 June, 2015.

The Company now anticipates that the release dates of Appendix 4E and Appendix 4D will be the first week of May.

The Company is also advised that its majority shareholder and CEO, Mr Qingyue Su, has reassured and reiterated his assurances of ongoing support to the Company so as to ensure that the Company continues to trade in accordance with the normal course of its business.

The Company will continue to keep the market updated. Dated: 27 April 2016

Signed:

Name: _ Qingyue Su_

For and on behalf of Novarise

NOVARISE RENEWABLE RESOURCES INTERNATIONAL LTD ACN 138 537 596

Australian Office: Suite 5, Level 1, 325 Pitt Street , Sydney, NSW 2000

Chinese Office: No 2-16A Qingmeng Park, Quanzhou Economy & Technology Development Zone, Quanzhou, Fujian Province,

The People's Republic of China www.novarise.com.au