Hong Kong, January 10, 2010 - Mr Hung Chen, majority shareholder, former Executive Director and Chairman of Sino Resources Group Limited (“Sino Resources” or the “Company”) (HKEX Stock Code: 223), issued six statutory demands against Sino Resources on January 5, 2010 for amounts due and owing to him. The amount of his claim against Sino Resources exceeds HK$41.1 million.

Mr Hung stated: “Over the past two years, Sino Resources has been relying on loans from myself to maintain normal operation. In the more recent months, I had been requested to return to Hong Kong at the end of each month to make emergency loans to the Company to settle payment of salaries, rentals, and legal and audit fees. Such loans were required to keep the Company in normal operation. In view of the fact that I no longer take part in the operation of the Company, I took legal action on January 5 to demand repayment of all loans due to myself and interest.”

In accordance with the winding up procedure, Mr Hung is entitled by law to petition for the compulsory liquidation of the Company should it fail to repay the amounts due to him within three weeks.

Mr Hung Chen was an Executive Director of Sino Resources until August 1, 2009. He continues to be a shareholder, holding an interest of over 24% in the Company.

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