CAA Resources : Announcements and Notices - Release and Charge of Shares by Controlling Shareholder

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CAA Resources Limited 優庫資源有限公司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 02112)

RELEASE AND CHARGE OF SHARES BY CONTROLLING SHAREHOLDER

This announcement is made by CAA Resources Limited ("Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited 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).

The Company has been notified that a deed of release has been executed on 4 January 2018 with respect to 752,000,000 shares ("Charged Shares") of the Company which were previously charged by Cosmo Field (as defined below) in favour of the second priority lender (as set out in the announcement dated 29 December 2016). The Company has also been notified that, Cosmo Field has charged the Charged Shares in favour of another independent third party institution as second priority lender on 4 January 2018. As at the date of this announcement, Cosmo Field owns a total of 843,750,000 shares of the Company, representing 56.25% of the issued share capital of the Company. The Charged Shares represent approximately 50.13% of the issued share capital of the Company as at the date of this announcement. Cosmo Field Holdings Limited ("Cosmo Field") is the Company's controlling shareholder (as defined in the Listing Rules) which is wholly owned by Mr. Li Yang who is a chairman and controlling shareholder of the Company.

By Order of the Board CAA Resources Limited

Chu Lok Fung Barry Company Secretary

Hong Kong, 8 January 2018

As at the date of this announcement, the executive Directors are Mr. Li Yang, Ms. Li Xiaolan, Mr. Wang Er and Ms. Xu Mijia, and the independent non-executive Directors are Mr. Leung Yiu Cho, Dr. Li Zhongquan and Dr. Wang Ling.

*For identification only