A voltage non-linear resistor in the form of a sintered body is disclosed. The sintered body is comprised of 0.08 to 5.0 atomic % of a rare earth element, 0.1. to 10 atomic % of cobalt, 5.times.10.sup.-4 to 1.times.10.sup.-1 atomic % of boron and an additional component which may be 0.01 to 5.0 atomic % of magnesium or calcium and/or 1.times.10.sup.-4 to 5.times.10.sup.-2 atomic % of aluminum, gallium or indium. The remainder of the sintered body is comprised of zinc oxide. The sintered body provides a small voltage non-linear resistor with high discharge current withstand capability and good life performance.