Result of PUCF EGM

29 December 2015

Resource Holding Management Limited

("RHM" or the "Company")

Result of PUCF EGM

Further to the announcements made by the Company dated 14 December 2015, 11 December 2015, 9 December 2015, 6 November 2015, 28 October 2015, 12 October 2015, 11 September 2015 and 10 August 2015 regarding the proposal by PUCF Founder (MSC) Berhad ("PUCF") to conduct, inter alia, a rights issue of three year 4% irredeemable convertible unsecured loan stock ("ICULS") with warrants (collectively the "Proposed PUCF Rights Issue"), 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 all of the ordinary resolutions, as set out in PUCF's Notice of Extraordinary General Meeting dated 14 December 2015, have been approved by PUCF's shareholders at PUCF's Extraordinary General Meeting held today.

The Proposed PUCF Rights Issue will require the publication of an abridged prospectus in Malaysia. It is currently estimated that the timeframe for the completion of the transaction will be Q1 2016.

RHM will make further announcements in respect of the Proposed PUCF Rights Issue as appropriate.

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