Completion of Disposal of PUCF Subsidiary

31 December 2015

Resource Holding Management Limited

("RHM" or the "Company")

Completion of Disposal of PUCF Subsidiary

Further to the announcements made by the Company on 30 June 2015 and 15 December 2014, regarding the proposed disposal by PUCF Founder (MSC) Berhad ("PUCF") of its subsidiary RedHot Media International (China) Co Ltd (the "Disposal"), the Board of RHM (AIM:RHM) notes the announcement made today by PUCF.

RHM's wholly-owned subsidiary, RedHot Media International Limited ("RMIL"), currently holds 443,168,402 ordinary shares in PUCF, which represents 41.58% of PUCF's issued share capital, and 36,215,840 warrants to subscribe for new PUCF shares.

Today's PUCF announcement states that the Disposal has been completed today, following the approval of the relevant sale of shares agreement by the Foreign Trade & Economy Commission of the People's Republic of China.

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