China Daye Non Ferrous Metals Mining : Grant of Waiver from Strict Compliance with Rule 14.41(a) of the Listing Rules

E160123A_China Daye 1..1

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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 661)

GRANT OF WAIVER

FROM STRICT COMPLIANCE WITH RULE 14.41(A) OF THE LISTING RULES

Reference is made to the announcement of China Daye Non-Ferrous Metals Mining Limited (the ''Company'') dated 23 December 2015, in relation to, among other things, the sale of Equipment and the Leasing Transactions under the Agreement (the ''Announcement''). Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

Pursuant to Rule 14.41(a) of the Listing Rules, a circular containing, among other things, further details of the Leasing Transactions and other information as required under the Listing Rules (the ''Circular'') must be despatched to the Shareholders within 15 business days after publication of the Announcement, which is on or before 15 January 2016. However, as additional time is required for the Company to prepare and finalise certain information to be included in the Circular including, among other things, the statement of indebtedness of the Group and the working capital sufficiency statement of the Group, the Company has applied to the Stock Exchange for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules (the ''Waiver'').

The Board announces that on 13 January 2016, the Stock Exchange granted the Waiver on the basis that the Circular be despatched by 25 January 2016. The Stock Exchange may withdraw or change the Waiver if the Company's situation changes.

By Order of the Board of

China Daye Non-Ferrous Metals Mining Limited Zhang Lin

Chairman of the Board

Hong Kong, 14 January 2016

At the date of this announcement, the Board comprises four executive directors, namely Mr. Zhang Lin (Chairman of the Board), Mr. Long Zhong Sheng, Mr. Zhai Baojin and Mr. Tan Yaoyu; and three independent non-executive directors, namely Mr. Wang Qihong, Mr. Wang Guoqi and Mr. Liu Jishun.