Zhejiang Resources (600070): Progress Of Share Repurchase Company

Zhejiang Fu run Limited by Share Ltd's progress announcement on repurchase shares

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Zhejiang Fu run Limited by Share Ltd (hereinafter referred to as the "company") held the fifteenth meeting of the eighth board of directors in September 12, 2018, and held the third provisional shareholders' meeting in 2018 in October 16, 2018.

In October 30, 2018, the company disclosed on the Shanghai stock exchange website the repurchase report on the repurchase of shares by means of centralized bidding.

In October 31, 2018, the company implemented the first buyback.

According to the regulations, the progress of the repurchase is announced as follows:

In January 2019, the company accumulated a total of 4208019 shares of repurchase shares through centralized bidding, accounting for 0.81% of the total share capital of the company. The highest purchase price was 6.76 yuan / share, and the lowest price was 6.12 yuan / share. The amount paid was 27 million 724 thousand and 500 yuan (excluding stamp duty, commission and other paction costs).

As of January 31, 2019, the company had accumulated 10485394 shares of repurchase shares, accounting for 2.01% of the total share capital of the company, which increased by 1% compared with the November 28, 2018 number of disclosures. The highest purchase price was 7.40 yuan / share and the lowest price was 5.97 yuan / share. The total amount paid was 67 million 152 thousand and 100 yuan (excluding stamp duty, commission and other paction costs).

The above repurchase progress is in line with the established share repurchase scheme.

The company will strictly abide by the regulations on the repurchase of public shares by listed companies (Trial Implementation), the supplementary provisions on the repurchase of shares by the listed companies in the centralized bidding paction mode, and the Shanghai Stock Exchange listed companies' guidelines on the repurchase of shares in a centralized bidding paction (revised in 2013), and other provisions, so as to implement the share repurchase and fulfill the obligation of information disclosure.

Notice hereby.

Board of directors of Zhejiang Limited by Share Ltd

Two February 1st 19