China Hanking : PLEDGE OF SHARES BY CONTROLLING SHAREHOLDER

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CHINA HANKING HOLDINGS LIMITED

(incorporated in the Cayman Islands with limited liability)

(Stock code: 03788)

PLEDGE OF SHARES BY CONTROLLING SHAREHOLDER

This announcement is made by China Hanking Holdings Limited (the "Company") pursuant to Rule

13.17 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Reference is made to the announcement of the Company dated 24 July 2019 in relation to the pledge of 280,000,000 shares of the Company (representing approximately 15.32% of the issued share capital of the Company as at 24 July 2019) by Tuochuan Capital Limited ("Tuochuan Capital") in favour of China Citic Bank Corporation Limited, Dalian Branch. After the expiration of the loan, the above pledge of 280,000,000 shares of the Company was released and discharged on 27 July 2020.

On 18 September 2020, Tuochuan Capital entered into a share pledge agreement with China Citic Bank Corporation Limited, Fushun Branch (the "Lender"), and pursuant to which Tuochuan Capital pledged the above 280,000,000 shares of the Company (representing approximately 15.38% of the issued share capital of the Company as at the date of this announcement) in favour of the Lender as security for a term loan facility up to a maximum aggregate amount of RMB97,500,000 provided by the Lender to Fushun Hanking Aoniu Mining Limited (撫順罕王傲牛礦業股份有限公司), a wholly- owned subsidiary of the Company.

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Tuochuan Capital is a company incorporated in the British Virgin Islands and wholly-owned by Mr. Yang Jiye (楊繼野) ("Mr. Yang"), a director of the Company and one of the controlling shareholders of the Company. As at the date of this announcement, Mr. Yang has an interest of approximately 61.21% in the total issued shares of the Company.

By order of the Board

China Hanking Holdings Limited

Yang Jiye

Chairman and executive director

Shenyang, the PRC, 18 September 2020

As at the date of this announcement, the executive directors of the Company are Mr. Yang Jiye, Mr. Zheng Xuezhi and Dr. Qiu Yumin; the non-executive directors of the Company are Mr. Kenneth Lee and Mr. Xia Zhuo; and the independent non-executive directors of the Company are Mr. Wang Ping, Dr. Wang Anjian and Mr. Ma Qingshan.

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