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.

Add New Energy Investment Holdings Group Limited

愛 德 新 能 源 投 資 控 股 集 團 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 02623) CHANGE OF EXPLORATION AREA OF ZHUGE SHANGYU ILMENITE MINE

This announcement is made by Add New Energy Investment Holdings Group Limited (the "Company", together with its subsidiaries collectively referred to as the "Group") pursuant to Rule

13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The Board announces that, Shandong Provincial Department of Land & Resources and Shandong Forestry Department jointly issued "The notice on further improvement of the provincial nature reserves by cancellation of the mining rights within the reserves* (關於進一步做好全省各級自然 保護區內礦業權退出工作的通知)" (the "Notice") on 9 August 2017. The Notice required, among others, to put forward differentiated compensation and quit plans for the exploration rights and mining rights granted since the establishment of the nature reserves which have completed registration procedures and have obtained consent from the authority in charge of the reserves to quit

the nature reserves according to the law.

Shandong Ishine Mining Industry Co., Ltd. ("Shandong Ishine"), a wholly-owned subsidiary of the Group, acquired the certificate of exploration rights in Zhuge Shangyu Ilmenite Mine, an ilmenite and magnetite mine located in Yishui County, Shandong Province (the "Mine") in January 2004 which continues to be effective up to now.

Mining area no. II of the Mine is located in the nature reserve of Yihe. Pursuant to the Notice, ore body of approximately 3.66 square kilo meters covered by mining area no. II of the Mine with resources and reserves of approximately 140 million tonnes should quit the reserve according to the law. Shandong Ishine received the exploration certificate issued by Shandong Provincial Department of Land & Resources on 31 October 2017 showing that the exploration area has shrunk from 6.25 square kilo meters to 2.59 square kilo meters ("Change of Exploration Area"). As at 30 June 2017, the ore resources reserve in the mining area were approximately 545 million tonnes, with approximately 140 million tonnes to be reduced after the Change of Exploration Area.

The Board considered that the Change of Exploration Area could affect the revenue and profit of the Group. Shandong Ishine is acting actively in the negotiation for governmental compensation for the mining area.

By order of the Board

Add New Energy Investment Holdings Group Limited Li Yunde

Chairman

Hong Kong, 2 November 2017

As at the date of this announcement, the executive Directors are Mr. Li Yunde (Chairman), Mr. Geng Guohua (Chief Executive Officer) and Mr. Lang Weiguo; the non-executive Director is Ms. Chau Ching; and the independent non-executive Directors are Mr. Zhang Jingsheng, Mr. Li Xiaoyang and Mr. Lin Chu Chang.

* for identification purpose only

Add New Energy Investment Holdings Group Ltd. published this content on 02 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 November 2017 09:24:03 UTC.

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