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Peking University Resources (Holdings) Company Limited
(Incorporated in Bermuda with limited liability)
(Stock code: 00618)
This announcement is made by Peking University Resources (Holdings) Company Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").
Reference is made to the announcement of the Company dated 21 February 2020. Recently, the subsidiary of the Company has once again received relevant proceedings. The litigation fees have been paid by the plaintiff, and the amount of loan repayment required for this litigation is changed to RMB770 million. The proceedings have recently been accepted by the relevant court.
In addition, Peking University Resources Group Investment Company Limited* (北大資源 集團投資有限公司), a subsidiary of the Company, has recently received an application for arbitration of a securities conflict case, requiring the payment of principal involved in relevant securities and the expected revenue, amounting to approximately RMB497 million. The application has recently been accepted by the relevant arbitration court.
The Company has been proactively dealing with the matters mentioned above and seeking relevant legal advice. The Company will continue to monitor the follow-up progress and perform the obligation of information disclosure under the Listing Rules and SFO in due course.