Nickel Resources Internatnl Hldgs : Announcements and Notices - Update on the Status of the Fulfilments of the Resumption Conditions

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Nickel Resources International Holdings Company Limited 鎳資源國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2889)

UPDATE ON THE STATUS OF THE FULFILMENTS

OF THE RESUMPTION CONDITIONS

References are made to the announcements of Nickel Resources International Holdings Company Limited (the "Company") dated 28 August 2017, 5 September 2017, 26 October 2017, 27 November 2017 and 13 December 2017 (the "Announcements") in relation to, among other things, the Review Hearing and the LRC Decision Letter. Capitalised terms used herein have the same meanings as those defined in the Announcements unless defined otherwise.

As at the date of this announcement, the Company is working closely with its professional advisers to implement the restructuring plan as set out in the Resumption Proposal, including but not limited to, the scheme of arrangement of the Company and all other transactions and arrangements contemplated under the Resumption Proposal.

Further announcement(s) will be made by the Company to inform the shareholders and potential investor of the Company in respect of further update of implementation of the restructuring plan and the despatch of the circular as and when appropriate.

At the request of the Company, trading in the Shares on the Stock Exchange has been suspended since 9:00 a.m. on 1 April 2015. The trading in the Shares on the Stock Exchange will continue to be suspended until further notice.

Shareholders and potential investors of the Company should exercise caution when dealing in Shares or other relevant securities of the Company.

By order of the Board

Nickel Resources International Holdings Company Limited

Dong Shutong

Chairman

Hong Kong, 15 January 2018

As at the date of this announcement, the executive Directors are Mr. Dong Shutong (Chairman), Mr. Dong Chengzhe, Mr. Wang Ping, Mr. Song Wenzhou and Mr. Yang Fei; the non-executive Director is Mr. Yang Tianjun; and the independent non-executive Directors are Mr. Bai Baohua, Mr. Huang Changhuai, Mr. Wong Chi Keung and Mr. Fahmi Idris.

All Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement contained in this announcement misleading.