Loudong Gen Nice Res China Hldgs : Announcements and Notices - Update on Information of Director

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(Incorporated in Bermuda with limited liability)

(Stock Code: 988)

UPDATE ON INFORMATION OF DIRECTOR

This announcement is made by the board of directors (the "Board") of Loudong General Nice Resources (China) Holdings Limited (the "Company", together with its subsidiaries, the "Group") in relation to an update on information of a director of the Company.

The Company has received a notification from Mr. Lau Yu ("Mr. Lau"), an executive director and the chief executive officer of the Company, that (i) he is a non-executive director of Pluton Resources Limited ("Pluton"), a company listed on the Australian Securities Exchange and principally engaged in mineral exploration and production of iron ore in Western Australia; and (ii) Pluton entered into a deed (the "Deed") of company arrangement on 4 January 2016 with its creditors, pursuant to which Pluton agreed to settle the claims (the "Claims") by its creditors in accordance with the arrangements contemplated under the Deed.

Mr. Lau confirmed that there was no wrongful act on his part leading to the Claims and the entering into of the Deed and he is not aware of any actual or potential claim that has been or will be made against him as a result of the entering into of the Deed. Pluton is owned as to approximately 38% by General Nice Resources (Hong Kong) Limited, a shareholder of the Company and controlled by Mr. Cai Sui Xin, an executive director and the chairman of the Company, but is not related in any way to the Company or to the Group.

By Order of the Board

Loudong General Nice Resources (China) Holdings Limited Ng Tze For

Executive Director

Hong Kong, 6 January 2016

As at the date of this announcement, the Board comprises four executive directors, namely Mr. Cai Sui Xin, Mr. Zhao Cheng Shu, Mr. Lau Yu and Mr. Ng Tze For; and three independent non-executive directors, namely Ms. Choy So Yuk, Mr. Gao Wen Ping and Mr. Leung Yuen Wing.