Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Global Energy Resources International Group Limited

(continued in Bermuda with limited liability)

(Stock Code: 8192) FURTHER ANNOUNCEMENT IN RELATION TO THE MAJOR AND CONTINUING CONNECTED TRANSACTION

Reference is made to the announcement of Global Energy Resources International Group Limited (the "Company") dated 29 December 2014 in relation to the major and continuing connected transaction (the "Announcement") and the announcements of the Company dated
20 January 2015, 10 February 2015, 27 February 2015 and 18 March 2015 in relation to the delay in despatch of the circular (the "Delay Announcement(s)"). Unless otherwise stated, capitalised terms used in this announcement should have the same meaning as those defined in the Announcement.

EXEMPTION OF CONTINUING CONNECTED TRANSACTION

As disclosed in the Announcement, Shun Tian Yun, an indirect non-wholly owned subsidiary of the Company, entered into the following agreements with Li Bing on 29 December 2014 (after trading hours):
(i) t h e Exclusivity Agreement whereby Shun Tian Yun is conditionally granted an exclusivity right in respect of the Energy-Saving Air-Conditioners manufactured by Li Bing; and
(ii) the Purchase Agreement whereby Shun Tian Yun conditionally agrees to purchase from Li Bing Energy-Saving Air-Conditioners up to an annual cap of RMB150,000,000 (equivalent to approximately HK$188,775,000) for the year ending 31 December 2015.
Shun Tian Yun is owned as to 49% by Mr. Wang. Li Bing is indirectly owned as to 98% by Mr. Wang through an intermediary company, Yu Heng De Kun, in which Mr. Wang is interested in 84.85% of the registered capital.
As Mr. Wang is regarded as a connected person only because of his connection with Shun Tian Yun, Mr. Wang would be regarded as a "connected person at the subsidiary level" according to Rule 20.06(9) of the GEM Listing Rules. In light of Rule 20.06 of the GEM Listing Rules, Li Bing is regarded as an associate of Mr. Wang. In this connection, Li Bing is also a connected person of the Company.

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The continuing connected transactions contemplated under the Agreements (the "CCTs") are between the Group and its connected persons at the subsidiary level on normal commercial terms or better and the Board has approved the Agreements on 29 December 2014. In view of the aforesaid and since the Independent Non-executive Directors have on 16 April 2015 confirmed in writing that the terms of the CCTs are fair and reasonable, the CCTs are on normal commercial terms or better and in the interests of the Company and its shareholders as a whole, the CCTs are exempted from the circular, independent financial advice and shareholders' approval requirements under Rule 20.99 of the GEM Listing Rules.

In addition, as the Exclusivity Agreement is conditional, among others, on the Purchase Agreement and certain of the applicable percentage ratios in respect of the Purchase Agreement are more than 25% but less than 100%, the Purchase and the transactions contemplated under the Agreements constitute a major transaction for the Company and is subject to the notification, announcement and Shareholders' approval requirements under Chapter 19 of the GEM Listing Rules.

A circular containing, among other things, (i) further information on the Purchase; and (ii) a notice of the SGM, will be despatched to the Shareholders.

The Board will update the Shareholders and potential investors with respect to any further developments as and when appropriate.

By order of the Board

Global Energy Resources International Group Limited

Chan Kwok Wing

Chief Executive Officer and Executive Director

Hong Kong, 17 April 2015

As at the date of this announcement, the board of Directors comprises Mr. Chan Kwok Wing, Mr. Chen Hong Bo, Ms. Ge Yan Hong and Mr. Lu Zhi Qiang as executive Directors and Mr. Leung Wah, Mr. Yeung Chun Wai, Anthony and Mr. Wei Zhi Hong as independent non- executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the GEM website at www.hkgem.com on the "Latest Company Announcements" page for at least 7 days from the date of its posting and on the Company website at www.8192.com.hk.

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