CITIC RESOURCES (01205) main shareholder and non-executive director Chen Jian intends to sell 10.01% of the company's shares. Trading will resume on June 29th.

CITIC RESOURCES (01205) announced that the board has noticed abnormal fluctuations in the company's share price and trading volume recently. After reasonable inquiries into the situation, the board confirms that, apart from the information disclosed in this announcement, they are not aware of any reasons for such fluctuations in the share price or trading volume, or any material that needs to be disclosed to prevent false market in the company's securities, nor are they aware of any insider information that needs to be disclosed in accordance with Listing Rule 13.09(2) and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The company has been informed by its major shareholder and non-executive director, Mr. Chen Jian, that TIHT Investment Holdings III Pte. Ltd. (TIHT, a company indirectly controlled by Mr. Chen Jian) has entered into a conditional agreement to sell approximately 786.6 million ordinary shares (held in its own account and authorized by Faber Drive Limited (Faber Drive, another company indirectly controlled by Mr. Chen Jian)) to TFI SPECIAL OPPORTUNITIES FUND SPC, representing approximately 10.01% of the company's issued share capital as of the date of this announcement, pending completion of the transaction. Prior to the proposed sale, Mr. Chen Jian was deemed to have an interest in approximately 10.01% of the company's issued share capital through his interests in Argyle Street Management Holdings Limited and subsequently in TIHT and Faber Drive (each a company indirectly controlled by him). After the completion of the proposed sale, Mr. Chen Jian will no longer have any interest in the company's shares and will cease to be a major shareholder of the company. In addition, the company has applied to the Stock Exchange for the resumption of trading in its shares on June 29, 2026, at 9:00 am.