China Vanadium Titan Mgntte Mng : INSIDE INFORMATION UPDATES ON DISRUPTION OF OPERATIONS OF MINE IN WENCHUAN COUNTY, ABA PREFECTURE, SICHUAN PROVINCE DUE TO NATURAL DISASTERS

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China Vanadium Titano-Magnetite Mining Company Limited

中 國 釩 鈦 磁 鐵 礦 業 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00893)

INSIDE INFORMATION

UPDATES ON DISRUPTION OF

OPERATIONS OF MINE IN

WENCHUAN COUNTY, ABA PREFECTURE,

SICHUAN PROVINCE

DUE TO NATURAL DISASTERS

This announcement is made by China Vanadium Titano-Magnetite Mining Company Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, the Laws of Hong Kong). Reference is made to the announcement of the Company dated 23 August 2019 (the "Announcement") in relation to the disruptive impacts of the Mudslides on the operations of the Group. Terms defined in the Announcement bear the same meanings in this announcement unless the context requires otherwise.

As disclosed in the Announcement, the Mudslides posed a major threat to workplace safety of the Group and caused significant disruptions to the Group's operations in Wenchuan County. The Group wishes to provide the following updates:

1. based on the technical assessment recently conducted by the Group, the Mudslides had not caused major damage to the Group's assets at the Maoling-Yanglongshan Mine; and
2. whilst access to Wenchuan County has partially resumed after the severe flooding, many parts of the road network remains disrupted by sporadic flooding and mudslides. Given limited access to affected roads due to traffic control, the Group is and has not been able to resume its supply chain and operations. The Group emphasizes on workplace safety as well.

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The Group will continue to perform its risk assessment and monitor the situation closely. It intends to progressively resume its operations at the Maoling-Yanglongshan Mine once it obtains clearance from its technical team and the access to the Maoling-Yanglongshan Mine is substantially restored.

The information contained in this announcement is an interim assessment recently conducted by the management of the Company based on currently available information relating to the impacts of the Mudslides on the situation of the Maoling-Yanglongshan Mine. The Board will provide necessary updates if there is any material development regarding this matter.

By order of the Board

China Vanadium Titano-Magnetite Mining Company Limited

Teh Wing Kwan

Chairman

Hong Kong, 18 September 2019

As at the date of this announcement, the Board comprises Mr. Teh Wing Kwan (Chairman) as non-executive Director; Mr. Jiang Zhong Ping (Chief Executive Officer), Mr. Hao Xiemin (Financial Controller) and Mr. Wang Hu as executive Directors; Mr. Yu Haizong, Mr. Wu Wen and Mr. Liu Yi as independent non-executive Directors.

Website: www.chinavtmmining.com

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