China Daye Non Ferrous Metals Mining : SUPPLEMENTAL ANNOUNCEMENT CONTINUING CONNECTED TRANSACTIONS

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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 00661)

SUPPLEMENTAL ANNOUNCEMENT

CONTINUING CONNECTED TRANSACTIONS

Reference is made to the announcement of the Company dated 11 November 2019 (the "Announcement") in relation to, among other things, the Purchase Framework Agreement. Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

The Company wishes to supplement that, pursuant to the Purchase Framework Agreement, Daye Metal agreed to purchase, and Bangfuduo International Trade agreed to supply, 15,200 tonnes of copper concentrate (subject to the adjustment of plus/minus 5%) over the term of the agreement.

The Company wishes to clarify that pursuant to Rule 14A.101 of the Listing Rules, as (i) Bangfuduo International Trade is a connected person of the Company at the subsidiary level; (ii) the Board has approved the transactions contemplated under the Purchase Framework Agreement; and (iii) the independent non-executive Directors have confirmed that the terms of the transactions under the Purchase Framework Agreement are fair and reasonable, on normal commercial terms and in the interests of the Company and the Shareholders as a whole, the transactions under the Purchase Framework Agreement and the annual cap for such transactions are subject to the reporting, annual review and announcement requirements but are exempt from the circular, independent financial advice and independent shareholders' approval requirements under Chapter 14A of the Listing Rules.

Save as stated above, all other information set out in the Announcement remains unchanged.

By order of the Board

China Daye Non-Ferrous Metals Mining Limited

Wang Yan

Chairman

Hong Kong, 28 November 2019

As at the date of this announcement, the Board comprises four executive directors, namely Mr. Wang Yan, Mr. Long Zhong Sheng, Mr. Yu Liming and Mr. Chen Zhimiao; and three independent non-executive directors, namely Mr. Wang Qihong, Mr. Wang Guoqi and Mr. Liu Jishun.