Adamas Finance Asia Limited Update on Hong Kong Mining Holdings Limited (0753S)

TIDMADAM

RNS Number : 0753S

Adamas Finance Asia Limited

06 March 2019

ADAMAS FINANCE ASIA LIMITED

("ADAM" or the "Company")

UPDATE ON HONG KONG MINING HOLDINGS LIMITED ("HKMH")

Adamas Finance Asia Limited ("ADAM" or the "Company"), the London quoted pan-Asian diversified investment vehicle, would like to provide an update on activity to restart production at HKMH's mining site.

The investment manager is pleased to report that workers are now active on-site and that key management personal have been appointed. However, due to minor unanticipated regulatory delays, the Company advises that production is now expected to recommence in the second half of 2019. We look forward to publishing a further update to shareholders in due course on this project.

Enquiries:

 
 Adamas Finance Asia Limited 
                                         +44 (0) 1825 830 
 John Croft                                           587 
 
 WH Ireland Limited - Nominated Adviser 
 James Joyce 
  James Sinclair Ford                +44 (0) 20 7220 1666 
 
 VSA Capital Limited - Corporate 
  Broker 
 Andrew Monk                         +44 (0) 20 3005 5000 
 Andrew Raca 
 
 Buchanan - Financial PR 
  Charles Ryland 
  Victoria Hayns 
  Henry Wilson                       +44 (0) 20 7466 5000

About Adamas Finance Asia

ADAM is a London quoted investment company focusing on delivering long-term income and capital growth to shareholders through a diverse portfolio of pan-Asian investments. It aims to provide uncorrelated returns through a combination of capital growth and dividend income from a broad spectrum of national geographies and asset classes from the Asian Small and Medium Enterprise (SME) sector.

The company's investment manager, Harmony Capital, which has a dedicated team with real Asian expertise, is focussed on the strategy of creating income and capital growth. Harmony is sourcing predominately private opportunities and has created a strong pipeline of income generating assets from potential investments in industries such as healthcare, fintech, hospitality, IT and property across Asia.

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