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

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(Incorporated in Bermuda with limited liability)

(Stock Code: 988)

UPDATE ON INFORMATION OF DIRECTORS

This announcement is made by the board (the "Board") of directors (the "Directors" and each a "Director") of Loudong General Nice Resources (China) Holdings Limited (the "Company") in relation to an update on information of the Directors.

The Board has received a notification from each of Mr. Cai Sui Xin ("Mr. Cai"), the chairman of the Company and an executive Director, and Mr. Lau Yu ("Mr. Lau"), an executive Director and the chief executive officer of the Company, that (a) Mr. Cai is an executive chairman and executive director of Abterra Limited ("Abterra"), a company listed on Singapore Exchange ("SGX"), and Mr. Lau is the chief executive officer and executive director of Abterra; and (b) each of Mr. Cai and Mr. Lau was publicly reprimanded by SGX on 7 January 2016 for breaching the listing rules of SGX (the "Breach") as they (i) failed to act in the interest of shareholders of Abterra in relation to an acquisition (the "Acquisition") of certain interest in a target company; (ii) caused Abterra to fail to immediately announce a reduction of Abterra's interest in its associated company after a restructuring agreement had been made; and (iii) caused Abterra to fail to immediately announce material changes in the terms of the sale and purchase agreement for the Acquisition. As a result of the Breach, all companies listed on SGX were advised to consult SGX before any of them appoints Mr. Cai and Mr. Lau as a director or member of its management. SGX had also directed Abterra to appoint a compliance adviser to advise Abterra on its continuing listing obligations and had referred the Breach to the relevant authorities in Singapore.

By Order of the Board

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

Executive Director

Hong Kong, 8 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.