Jizhong Hongyuan International Trading Company Limited., agreed to acquire 3.93% stake in China Metal Resources Utilization Limited (SEHK:1636) from Huang Weiping, Executive Director of China Metal Resources Utilization Limited on January 22, 2016. In a related transaction, Jizhong Hongyuan International Trading Company Limited., agreed to subscribe 73.25 million shares at HKD 2.41 per share of China Metal Resources Utilization Limited. Under the terms of the agreement, Huang Weiping will sell 82.79 million shares.

The transaction is subject to completion of subscription agreement and the Deed of Compensation are inter-conditional upon and inseparable with each other.