BRIEF-China Molybdenum updates on undertakings entered with controlling shareholder

April 18 (Reuters) - China Molybdenum Co Ltd :

* Undertaking given to company by a controlling shareholder

in relation to pre-emptive right to purchase equity interests

* Luoyang Guo'an interests will be transferred from LNMMG to

LMG through administrative allocation as of 31 december 2016 as

reference date

* Received notice from LMG in relation to notice issued by

state-owned assets supervision and administration commission on

6 april

* Following completion of allocation, LMG will indirectly

hold certain interests in Luoyang Fuchuan Mining Co., Ltd

* Presently, Luoyang Fuchuan Mining Co., Ltd. has not

commenced production operation activities

* Updates on non-compete undertakings entered into between

company and LMG, a controlling shareholder of company

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