Global Energy Resources Intl : Announcements and Notices - Announcement Disposal of Shares by A Director and Substantial Shareholder

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Global Energy Resources International Group Limited ᐑଢঐ๕༟๕਷ყණྠϞࠢʮ̡

(continued in Bermuda with limited liability)

(Stock Code: 8192)

ANNOUNCEMENT

DISPOSAL OF SHARES BY A DIRECTOR AND

SUBSTANTIAL SHAREHOLDER

This is a voluntary announcement made by Global Energy Resources International Group Limited ("Company", together with its subsidiaries, the "Group").

DISPOSAL OF SHARES BY A DIRECTOR AND SUBSTANTIAL SHAREHOLDER

The board ("Board") of directors ("Directors") of the Company was informed by Mr. Shi Guang Rong ("Mr. Shi"), a non-executive director of the Company and a substantial shareholder of the Company, that a share sale and purchase agreement ("Share Sale and Purchase Agreement") was entered into on 23 January 2018 between Mr. Shi as the Seller and a third party independent of the Company and its connected persons (has the meaning ascribed to it under the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited) ("Independent Purchaser") as the purchaser, pursuant to which, the Independent Purchaser agreed to acquire 129,547,378 shares of the Company, representing approximately 12.50% of the issued share capital of the Company as at the date of this announcement, from Mr. Shi at HK$0.36 per each share. After completion of the Share Sale and Purchase Agreement which is expected to take place on 31 January 2018, Mr. Shi will cease to hold any issued shares of the Company but continue to hold 1,032,000 share options of the Company granted to him as disclosed in the announcement of the Company dated 11 January 2018.

Shareholders of the Company and/or investors are advised to exercise extreme caution when dealing in the Company's securities.

By Order of the Board

Global Energy Resources International Group Limited

Ma Jian Ying

Chief Executive Officer and Executive Director

Hong Kong, 23 January 2018

As at the date of this announcement, the board of Directors comprises Mr. Chen Ping, Ms. Ma Jian Ying, Mr. Tsang Chun Kit Terence and Mr. Wang An Zhong as executive Directors, Mr. Shi Guang Rong and Mr. Hsu Bin Chun as non-executive Directors and Mr. Leung Wah, Ms. Sun Ching and Ms. Wong Mei Ling as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited 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 GEM website atwww.hkgem.comon the "Latest Company Announcements" page for at least 7 days from the date of its posting and on the Company website atwww.8192.com.hk.