Peking University Resrces Hdng : 2018-01-22CHANGE OF PRESENTATION CURRENCY

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Peking University Resources (Holdings) Company Limited ̏ɽ༟๕€છٰϞࠢʮ̡

(Incorporated in Bermuda with limited liability)

(Stock code: 00618)

CHANGE OF PRESENTATION CURRENCY

The board of directors (the "Board") of Peking University Resources (Holdings) Company (the "Company" and together with its subsidiaries, the "Group") hereby announces that the Company has adopted the Renminbi ("RMB") as its presentation currency for its consolidated financial statements (the "Change of Presentation Currency").

The consolidated financial statements of the Group have been presented in the Hong Kong Dollar ("HKD"). Having considered that (i) most of the Group's transactions are denominated and settled in RMB; and (ii) the change in the presentation currency could also reduce the impact of any fluctuations in the exchange rate of the HKD against the RMB, which is not due to the operations and beyond the control of the Group, on the consolidated financial statements of the Group, enabling the shareholders of the Company to have a more accurate picture of the Group's financial performance, the Board considers that it is more appropriate to use RMB as its presentation currency for its consolidated financial statements.

The Change of Presentation Currency has taken effect from 1 January 2018. The first set of consolidated financial statements of the Group with RMB as its presentation currency will be the annual results of the Group for the year ended 31 December 2017. The comparative figures as at 31 December 2016 will be restated in RMB and presented in the annual results.

As most of the Group's transactions are denominated and settled in RMB and the respective functional currency of the Company and its subsidiaries remains unchanged, the Change of Presentation Currency and restatement of the comparative figures from HKD to RMB are not expected to have material impact on the consolidated financial statements of the Group.

By order of the Board of

Peking University Resources (Holdings) Company Limited

Cheung Shuen Lung

Chairman

Hong Kong, 22 January 2018

As at the date of this announcement, the Board comprises executive Directors of Mr. Cheung Shuen Lung (Chairman), Mr. Zeng Gang (President), Ms. Sun Min, Mr. Shi Hua, Ms. Liao Hang and Mr. Zheng Fu Shuang, and the independent non-executive Directors of Mr. Li Fat Chung, Ms. Wong Lam Kit Yee and Mr. Chan Chung Kik, Lewis.