Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(In Provisional Liquidation) (Incorporated in the Cayman Islands with limited liability) (Stock Code: 67) FURTHER INFORMATION REGARDING THE ORDER GRANTED BY THE GRAND COURT OF THE CAYMAN ISLANDS AND FURTHER UPDATE ON THE HEARING OF THE WINDING UP PETITION

Reference is made to the announcements of the Company dated 3 February 2015 and dated 17
February 2015, and the announcement of the Company dated 4 March 2015 issued by the joint
provisional liquidators as agents for and on behalf of the Company (the "4 March Announcement") on the appointment of joint provisional liquidators and the adjournment of hearing of the Winding Up Petition (collectively, the "Announcements"). Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless otherwise specified.

FURTHER INFORMATION REGARDING THE ORDER GRANTED BY THE GRAND COURT OF THE CAYMAN ISLANDS

The joint provisional liquidators of the Company wish to supplement the 4 March Announcement in relation to the order granted by the Grand Court of the Cayman Islands at the hearing of the Winding Up Petition on 25 February 2015 (the "Order"). As well as appointing the joint provisional liquidators, the Order also provided that the Company is entitled to instruct attorneys and other professionally qualified persons for the purpose of providing the Company with advice, assistance and representation in relation to the Winding Up Petition (including the appointment of the joint provisional liquidators) and in relation to the promotion of a scheme of arrangement whether pursuant to section 86 of the Cayman Companies Law or otherwise.

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FURTHER UPDATE ON THE HEARING OF THE WINDING UP PETITION

Subsequent to the 4 March Announcement, the Grand Court of the Cayman Islands has scheduled the adjourned hearing of the Winding Up Petition to 26 May 2015 at 10:00 a.m. (Eastern Standard Time).

CONTINUED SUSPENSION OF TRADING

Trading in the shares on the Main Board of The Stock Exchange of Hong Kong Limited has been suspended with effect from 10:56 a.m. on 25 March 2014 and will remain suspended until further notice.

For and on behalf of

China Lumena New Materials Corp. (In Provisional Liquidation) Man Chun So Yat Kit Jong David Walker

Joint Provisional Liquidators

Acting as agents without personal liability

Hong Kong, 25 March 2015

As at the date of this announcement, the Board comprises seven Directors, of which Mr. Zhang Zhigang, Mr. Zhang Daming, Mr. Shi Jianping and Mr. Au-Yeung Kwong Wah are executive Directors, Mr. Koh Tiong Lu, John, Mr. Wong Chun Keung and Mr. Au Kin Wah are independent non-executive Directors

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