Good Resources : DELAY IN PUBLICATION OF INTERIM RESULTS AND DESPATCH OF INTERIM REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2020

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GOOD RESOURCES HOLDINGS LIMITED

˂ϓ਷ყණྠછٰϞࠢʮ̡*

(incorporated in Bermuda with limited liability)

(Stock Code: 109)

DELAY IN PUBLICATION OF INTERIM RESULTS AND

DESPATCH OF INTERIM REPORT

FOR THE SIX MONTHS ENDED 31 DECEMBER 2020

This announcement is made by Good Resources Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'') pursuant to Rule 13.09 of 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).

Reference is made to the Company's announcements dated (i) 24 September 2020 in relation to, among others, the Loan Transactions; and (ii) 30 September 2020 in relation to, among others, the delay in the publication of the 2020 Annual Results (collectively, the ''Announcements''). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings ascribed to them in the Announcements.

DELAY IN PUBLICATION OF INTERIM RESULTS AND DESPATCH OF INTERIM REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2020

Pursuant to Rule 13.49(6) and Rule 13.48(1) of the Listing Rules, the Company is required to publish its interim results announcement for the six months ended 31 December 2020 (the ''2020/21 Interim Results'') on or before 28 February 2021 and despatch its interim report for the six months ended 31 December 2020 (the ''2020/21 Interim Report'') on or before 31 March 2021.

As at the date of this announcement, (i) the investigation into the Loan Transactions is still on-going; and (ii) the audit of the 2020 Annual Results is yet to be completed and therefore the publication of the 2020 Annual Results and the annual report of the Company for the year ended 30 June 2020 (the ''2020 Annual Report'') are still pending. Accordingly, the publication of the 2020/21 Interim Results has been affected and delayed. It is also expected that the 2020/21 Interim Report will also be affected and delayed.

After due and careful consideration, the Board is of the view that it would not be appropriate to publish the unaudited management accounts of the Group for the 2020/21 Interim Results at this stage pending an independent investigation into the Loan Transactions, and therefore the accounts may not accurately reflect the financial performance and position of the Group.

The Board acknowledges that the delay in publication of the 2020/21 Interim Results and the 2020/21 Interim Report will constitute non-compliance with Rule 13.49(6) and Rule 13.48(1) of the Listing Rules.

The Company will publish further announcement(s) to inform the Shareholders of (i) the date of publication of the 2020 Annual Results and 2020/21 Interim Results; and (ii) the date of despatch of the 2020 Annual Report and the 2020/21 Interim Report as and when appropriate.

CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company on the Stock Exchange has been suspended with effect from 1:00 p.m. on 23 September 2020, and will remain suspended until further notice.

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

By order of the Board

Good Resources Holdings Limited

Chen Chuanjin Chairman and Executive Director

Hong Kong, 26 February 2021

As at the date of this announcement, (i) the executive Directors are Mr. Chen Chuanjin and Mr. Chen Shi; and (ii) the independent non-executive Directors are Mr. Chau On Ta Yuen, Mr. Zhang Ning and Mr. Wong Hok Bun, Mario.

In the case of inconsistency, the English text of this announcement shall prevail over the Chinese text.

*

for identification purpose only