Feishang Non metal Materials Technology : TERMINATION OF SUBSCRIPTION AGREEMENT IN RELATION TO SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

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.

Feishang Non-metal Materials Technology Limited ࠭֠ڢږ᙮ҿࣘ߅ҦϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8331)

TERMINATION OF SUBSCRIPTION AGREEMENT

IN RELATION TO SUBSCRIPTION OF NEW SHARES UNDER

GENERAL MANDATE

Reference is made to the announcement (the "Announcement") of Feishang Non-metal Materials Technology Limited (the "Company", and together with its subsidiaries, the "Group") dated 5

December 2017 in relation to the subscription of new shares under general mandate. Capitalised terms used herein shall have the same meanings as those defined in the Announcement, unless the context requires otherwise.

The Board announces that, on 12 January 2018 (after the trading hours), the Company and the Subscriber have mutually agreed to terminate the Subscription Agreement and accordingly the Subscription of new Shares by Mr. Zhuang Shibin as the Subscriber as disclosed in the Announcement shall not proceed as set out therein.

The Board is of the view that the termination of the Subscription Agreement and the Subscription thereunder will not have any material adverse effect on the business operation and financial position of the Group as a whole.

By Order of the Board

Feishang Non-metal Materials Technology Limited

DENG Li

Executive Director

Hong Kong, 12 January 2018

As at the date of this announcement, the Board comprises (i) four executive Directors, namely Mr. DENG Li, Mr. TSAI Nam Lun, Mr. ZHANG Yongmin and Mr. SU Chun Xiang; and (ii) four independent non-executive Directors, namely Mr. KO Yat Fei, Mr. CHOW Chi Hang Tony, Ms. CHEUK Tat Yee and Ms. SHAO Yu.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules 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 "Latest Company Announcements" page of the GEM website athttp://www.hkgem.comfor at least 7 days from the date of its publication and on the Company's website atwww.fsnmmaterials.com.