China Metal Resources Utilization : FURTHER DELAY IN PUBLICATION OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019

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CHINA METAL RESOURCES UTILIZATION LIMITED

中 國 金 屬 資 源 利 用 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(STOCK CODE: 1636)

FURTHER DELAY IN PUBLICATION OF ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2019

Reference are made to the announcements of China Metal Resources Utilization Limited (the ''Company'', and together with its subsidiaries, the ''Group'') dated 30 March 2020 in relation to Group's unaudited annual results for the year ended 31 December 2019 and dated 4 May 2020, 13 May 2020, 29 May 2020, 5 June 2020, 19 June 2020, 26 June 2020, 9 July 2020 and 15 July 2020 in relation to the delay in publication of audited annual results announcement for the year ended 31 December 2019 and 2019 annual report of the Company and date of board meeting (''Previous Announcements''). Unless the context otherwise requires, terms used in this announcement shall have the same meaning as those defined in the Previous Announcements.

The Board of the Company wishes to provide further information in relation to the further delay in the release of the 2019 Annual Results and 2019 Annual Report to its shareholders. The Company has been informed by the Auditor that, as of the date of this announcement, additional time is still required for the Auditors to finalize its audit report.

Upon discussion with the Auditor and based on the currently available information, the Company expects that the 2019 Annual Results and 2019 Annual Report will be uploaded by 21 August 2020.

Due to the delay in publication of the 2019 Annual Results and the 2019 Annual Report, the Board meeting for the purposes of, among other matters, considering and approving the 2019 Annual Results and the 2019 Annual Report will be postponed to on or before 21 August 2020 accordingly.

The Company will make an application to the Stock Exchange for a waiver from strict compliance with Rules 13.46(2)(a) of the Listing Rules to extend the date by which the Company is required to publish its 2019 Annual Results and 2019 Annual Report to on or before 21 August 2020.

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Further announcement(s) will be made by the Company as and when necessary if there is any material development in the completion of the annual audit, publication of the 2019 Annual Results and 2019 Annual Report and the date of Board meeting.

By order of the Board

China Metal Resources Utilization Limited

Mr. YU Jianqiu

Chairman

Hong Kong, 31 July 2020

As at the date of this announcement, the Board comprises of four executive directors, namely, Mr. Yu Jianqiu (Chairman), Mr. Kwong Wai Sun Wilson, Mr. Huang Weiping and Ms. Zhu Yufen; and three independent non-executive directors, namely, Mr. Lee Ting Bun Denny, Mr. Pan Liansheng and Ms. Ren Ruxian.

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