Greenway Mining : (I) REVISED EXPECTED TIMETABLE AND CHANGE OF BOOK CLOSURE PERIOD AND RECORD DATE; AND (II) SUPPLEMENTAL UNDERWRITING AGREEMENT IN RELATION TO PROPOSED RIGHTS ISSUE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FOUR (4) EXISTING SHARES HELD ON THE RECORD DATE AT THE SUBSCRIPTION PRICE OF HK$0.055 PER RIGHTS SHARE

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

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of Greenway Mining Group Limited.

Greenway Mining Group Limited

信盛礦業集團有限公司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2133)

1. REVISED EXPECTED TIMETABLE AND CHANGE OF BOOK CLOSURE PERIOD AND RECORD DATE; AND

1. SUPPLEMENTAL UNDERWRITING AGREEMENT IN RELATION TO

PROPOSED RIGHTS ISSUE ON THE BASIS OF

ONE (1) RIGHTS SHARE FOR EVERY FOUR (4) EXISTING SHARES HELD ON THE RECORD DATE AT THE SUBSCRIPTION PRICE OF HK$0.055 PER RIGHTS SHARE

Reference is made to the announcements of Greenway Mining Group Limited (the "Company") dated 13 December 2019 (the "Announcement"), 18 December 2019 and 19 December 2019 in relation to, among other things, the Rights Issue. Unless otherwise stated, capitalized terms used herein shall have the same meanings as defined in the Announcement.

• For identification purpose only

- 1 -

REVISED EXPECTED TIMETABLE

As a result of the delay in despatch of the Prospectus Documents, the expected timetable for the Rights Issue has been revised as below:

Event	Time and date
Last day of dealings in Shares on cum-rights basis....................................	Monday, 13 January 2020
First day of dealings in Shares on ex-rights basis......................................	Tuesday, 14 January 2020
Latest day and time for lodging transfers of shares
in order to qualify for the Rights Issue.........................	4:30 p.m. on Wednesday, 15 January 2020
Register of members of the Company closes
(both days inclusive)........................................................................	Thursday, 16 January 2020 to
	Wednesday, 22 January 2020
Record Date..........................................................................................	Wednesday, 22 January 2020
Register of members of the Company re-opens.......................................	Thursday, 23 January 2020
Prospectus Posting Date............................................................................	Monday, 3 February 2020
First day and time of dealings
in nil-paid Rights Shares..............................................	9:00 a.m. on Wednesday, 5 February 2020
Latest day and time for splitting of
PALs....................................................................................	4:30 p.m. on Friday, 7 February 2020
Last day and time of dealings
in nil-paid Rights Shares............................................	4:10 p.m. on Wednesday, 12 February 2020
Latest Time for Acceptance as well as
latest time for application for excess
Rights Shares and payment for the Rights Shares...........	4:00 p.m. on Monday, 17 February 2020
Latest Time for Termination of the
Underwriting Agreement by the Underwriter
and the Rights Issue becomes unconditional..................	4:00 p.m. on Tuesday, 18 February 2020

- 2 -

Event	Time and date
Announcement of the results of the Rights Issue.....................................	Monday, 24 February 2020
Despatch of refund cheques, if any,
in respect of wholly or partially unsuccessful
applications for excess Rights Shares..................................................	Tuesday, 25 February 2020
Despatch of certificates for fully-paid Rights Shares...............................	Tuesday, 25 February 2020
Commencement of dealings
in fully-paid Rights Shares........................................	9:00 a.m. on Wednesday, 26 February 2020
Designated broker starts to stand in the market
to provide matching services for sale
and purchase of odd lots of the Shares............................................	Wednesday, 26 February 2020
Designated broker ceases to stand in the market
to provide matching services for sale
and purchase of odd lots of the Shares.....................................................	Tuesday, 17 March 2020

Note: All times and dates stated above refer to Hong Kong times and dates.

Dates stated in this announcement for event mentioned in the timetable are indicative only and may be extended or varied. Any changes to the above expected timetable will be announced as and when appropriate in accordance with the Listing Rules.

CHANGE OF BOOK CLOSURE PERIOD AND RECORD DATE

Based on the above revised expected timetable of the Rights Issue, the register of members of the Company will be closed from Thursday, 16 January 2020 to Wednesday, 22 January 2020 (both days inclusive) and the Record Date is changed to Wednesday, 22 January 2020 to determine the eligibility of the Shareholders for the Rights Issue. No transfer of Shares will be registered during this book closure period.

- 3 -

SUPPLEMENTAL UNDERWRITING AGREEMENT

As a result of the revisions to the expected timetable of the Rights Issue as set out above, on 24 December 2019, the Company and the Underwriter entered into the supplemental agreement to the Underwriting Agreement to revise certain dates for the expected timetable of the Rights Issue. Save for the revision to the expected timetable of the Rights Issue, all other terms and conditions of the Underwriting Agreement shall remain unchanged.

By Order of the Board

Greenway Mining Group Limited

Lei Dejun

Executive Director

Hong Kong, 24 December 2019

As at the date of this announcement, the Board comprises Mr. Lei Dejun as executive Director; Mr. Yin Bo, Mr. Chan Suk Ching and Mr. Zhang Yonghua as non-executive Directors; and Mr. Ma Shirong, Mr. Chi Hongji and Mr. Dong Tao as independent non-executive Directors.

- 4 -