Nickel Resources Internatnl Hldgs : Announcements and Notices - Winding Up Petition

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Nickel Resources International Holdings Company Limited

鎳資源國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2889)

WINDING UP PETITION

This announcement is made by Nickel Resources International Holdings Company Limited (the "Company") pursuant to Rule 13.25(1)(b) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

As set out in the announcement of the Company dated 29 November 2018, the Company received a statutory demand from a creditor (the "Creditor"), demanding the repayment of the outstanding debt owed by the Company. On 15 August 2019, the Company received a winding up petition (the "Petition") filed by the Creditor for an order that the Company may be wound up by the High Court of the Hong Kong Special Administrative Region (the "Court") pursuant to the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32, Laws of Hong Kong). The Petition was scheduled to be heard before the Court on 9 October 2019 at 9:30 a.m.

On 19 August 2019, the Company's legal adviser issued a letter to the Creditor's solicitors inviting the Creditor to withdraw the Petition on the basis that there is a scheme of arrangement under the Company's debt restructuring plan to settle the outstanding debt. The Company will keep the shareholders of the Company informed of any further material developments as and when appropriate.

At the request of the Company, trading in the Shares on the Stock Exchange has been suspended since 9:00 a.m. on 1 April 2015. The trading in the Shares on the Stock Exchange will continue to be suspended until further notice.

Shareholders and potential investors of the Company should exercise caution when dealing in Shares or other relevant securities of the Company.

By order of the Board of

Nickel Resources International Holdings Company Limited

Dong Shutong

Chairman

Hong Kong, 19 August 2019

As at the date of this announcement, the executive Directors are Mr. Dong Shutong (Chairman), Mr. Dong Chengzhe, Mr. Wang Ping, Mr. Song Wenzhou and Mr. Yang Fei; the non-executive Director is Mr. Yang Tianjun; and the independent non-executive Directors are Mr. Bai Baohua, Mr. Wong Chi Keung and Mr. Fahmi Idris.