Xinjiang Xinxin Mining Industry : INSIDE INFORMATION - UPDATE IN RELATION TO SHAANXI XINXIN

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Xinjiang Xinxin Mining Industry Co., Ltd.*

新 疆 新 鑫 礦 業 股 份 有 限 公 司

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock code: 3833)

INSIDE INFORMATION

UPDATE IN RELATION TO SHAANXI XINXIN

This announcement is made by Xinjiang Xinxin Mining Industry Co., Ltd.* (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Unless otherwise defined, terms undefined herein shall have the meanings ascribed to them in the announcements of the Company dated 11 January 2019, 17 January 2019, 21 February 2019 (the "February First Announcement"), 22 February 2019 (together with the February First Announcement, the "February Announcements"), 15 March 2019, 25 June 2019, 26 June 2019, 27 December 2019, 16 April 2020, 6 May 2020, 30 June 2020 (the "2020 June Announcement") and/or 6 July 2020.

Reference is made to the February Announcements and the 2020 June Announcement.

The Company has, on 11 September 2020, been notified that the Shaan Xi Higher People's Court has handed down its first-instance judgment dated 24 August 2020 (the "Claims Judgment"), in respect of the Claims brought against Shaanxi Mingtai by Xi An Investment.

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According to the Claims Judgment, among the petitions made by Xi An Investment in the April Statement of Amended Claims, those against Shaanxi Xinxin (i.e. Shaanxi Xinxin be held jointly and severally liable in respect of the amounts claimed by Xi An Investment or Shaanxi Xinxin shall use the amount realised from the disposal of assets under the Assets Disposal Entrustment Agreement to repay Xi An Investment for the amounts claimed by Xi An Investment under the Claims) shall be dismissed.

Appeal against the Claims Judgment can be made to the Supreme People's Court of the PRC within 15 days of the delivery of the Claims Judgment.

Further announcement(s) will be made by the Company to keep its shareholders and potential investors informed of any material development as and when appropriate.

By order of the Board

Xinjiang Xinxin Mining Industry Co., Ltd.*

Zhang Junjie, Lam Cheuk Fai

Joint Company Secretaries

Xinjiang, the PRC, 11 September 2020

As at the date of this announcement, the executive directors of the Company are Mr. Liu Jun and Mr. Qi Xinhui; the non-executive directors of the Company are Mr. Zhang Guohua, Mr. Zhou Chuanyou, Mr. Guo Quan and Mr. Hu Chengye; and the independent non-executive directors of the Company are Mr. Hu Benyuan, Mr. Wang Lijin and Mr. Wong Yik Chung John.

• For identification purpose only

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