Inside information: Successful renewal of the Work Safety Permit

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.

NAN NAN RESOURCES ENTERPRISE LIMITED یی༟๕ྼุϞࠢʮ̡

(Incorporated in Bermuda with limited liability)

(Stock Code: 1229)

INSIDE INFORMATION

SUCCESSFUL RENEWAL OF THE WORK SAFETY PERMIT

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to the announcements of Nan Nan Resources Enterprise Limited (the "Company") dated 27 December 2017, 13 April 2018, 25 April 2018 and 31 May 2018 (the "Announcements") respectively. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meaning as those defined in the Announcements.

SUCCESSFUL RENEWAL OF THE WORK SAFETY PERMIT

The Company is pleased to announce that on 25 June 2018, the Kaiyuan Company has successfully renewed and is granted the Work Safety Permit by the Xinjiang Coal Mine Safety Supervision and Administration Bureau* (อᖛ๩ᘤτΌ္࿀҅). The Work Safety Permit is valid for 3 years from 25 June 2018 to 24 June 2021.

As stated in the announcement of the Company dated 25 April 2018, the suspension of production at Kaiyuan Mine was attributable to the expiry of the Mining Rights and the Work Safety Permit. Since the Kaiyuan Company has successfully renewed the Mining Rights on 28 May 2018 and the Work Safety Permit on 25 June 2018 respectively, the Company has immediately applied to the Safety Bureau of the Zhundong Development Zone for the necessary approval and acceptance procedures to resume production at the Kaiyuan Mine.

Although the production at the Kaiyuan Mine was suspended for approximately 2 months, it did not create material financial impact on the Company since the Kaiyuan Company continued to sell its existing inventory of slack coal during the production suspension period and there was steady supply of coal during the suspension period.

*

For identification purposes only

The Company shall keep the shareholders and investors of the Company informed of the resumption of production at the Kaiyuan Mine. Further announcement will be made by the Company as and when appropriate in compliance with the Listing Rules.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

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

By order of the Board

Nan Nan Resources Enterprise Limited

Kwan Man Fai

Chairman and Managing Director

Hong Kong, 3 July 2018

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. Chan Yiu Fai, Youdey and Mr. Pak Wai Keung, Martin; and one alternate Director, Mr. Wong Sze Wai (alternate to Mr. Wang Xiangfei).