CITIC Limited — Annual Report 2011

Feb 26, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CITIC Pacific Limited 中信泰富有限公司

(incorporated in Hong Kong with limited liability) (Stock Code: 00267)

DAYE SPECIAL STEEL CO., LTD. A SUBSIDIARY OF CITIC PACIFIC LIMITED ANNOUNCEMENT OF AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011

This Announcement is made by CITIC Pacific Limited (“CITIC Pacific”) pursuant to the requirements of Rule 13.09(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited to provide shareholders of CITIC Pacific and the public with the audited financial results of Daye Special Steel Co., Ltd. (“Daye”), for the year ended 31 December 2011.

SUMMARY

Daye, a subsidiary of CITIC Pacific, is a company incorporated in the People’s Republic of China (“PRC”) whose shares are listed on the Shenzhen Stock Exchange. CITIC Pacific has a 58.13% attributable interest in Daye. On 23 February 2012, the board of directors of Daye has approved the audited financial statements and auditors’ report for the year ended 31 December 2011. Daye’s audited financial results will be posted on the Shenzhen Stock Exchange’s website on 25 February 2012.

Daye, a subsidiary of CITIC Pacific, is a company incorporated in the PRC whose shares are listed on the Shenzhen Stock Exchange. CITIC Pacific has a 58.13% attributable interest in Daye. On 23 February 2012, the board of directors of Daye has approved the audited financial statements and auditors’ report for the year ended 31 December 2011. Daye’s audited financial results will be posted on the Shenzhen Stock Exchange’s website on 25 February 2012. The audited financial statements have been prepared in conformity with “Accounting Standards for Business Enterprises” of the PRC. The Profit and Loss Account for the year ended 31 December 2011 and the Balance Sheet as at 31 December 2011 of Daye are provided below : -

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DAYE SPECIAL STEEL CO., LTD.

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2011 – AUDITED

1. Operating IncomeLess: Operating costsOperating taxes and surchargesSelling expensesGeneral and administrative expensesFinancial expensesImpairment loss of assets2. Operating ProfitAdd: Non-operating incomeLess: Non-operating expenses(including: loss on disposal ofnon-current assets)3. Profit before TaxLess: Income tax4. Net Profit5. Earnings per share Earnings per share - basic Earnings per share - diluted6. Other comprehensive income7. Total comprehensive income	2011RMB9,261,828,2488,482,810,3829,707,23575,461,848120,866,68130,084,395(12,357,460)555,255,167104,122,1505,138,5434,320,001654,238,77469,307,332584,931,4421.3021.302-584,931,442	2010RMB7,893,023,4757,085,030,627472,39472,341,699116,303,4047,531,148(2,442,326)613,786,52931,906,1313,540,3132,357,713642,152,34780,269,044
		561,883,303
		1.2501.250-561,883,303

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BALANCE SHEET AS AT 31 DECEMBER 2011 – AUDITED

BALANCE SHEET AS AT 31 DECEMBER 2011 – AU	BALANCE SHEET AS AT 31 DECEMBER 2011 – AU	DITED31 December31 December	DITED31 December31 December	DITED31 December31 December	DITED31 December31 December	DITED31 December31 December
		31 December		3	1 December
		2011RMB		2,2,	2010RMB
	ASSETS
	Current Assets	2,086,134,5022,615,256,801701391303			199,018,379338,036,095
	Non-current Assets
				4,	37054474
	l A
	ota ssets	,,,1,755,589,926			,,
				1,	768,999,824
	LIABILITIES AND SHAREHOLDERS’ EQUITY
	Current Liabilities
		46,594,078			229,074,553
	Non-current Liabilities
				1,	998,074,377
	Total Liabilities	802184004
		,,,
	Shareholders’ EquityShare CapitalCapital ReserveSurplus ReserveRetained Profit Total Shareholders’ Equity_Total Liabilities and Shareholders’ Equity	-----------------449,408,480485,653,274226,114,4291,738,031,1162,899,207,299_________4,701,391,303		-----------------449,408,480485,653,274226,114,4291,377,803,914
				2,538,980,097_ _________
				4,537,054,474

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GENERAL

Shareholders should note that the above audited financial results pertain only to Daye and not to CITIC Pacific itself.

Daye’s 2011 Annual Report, 2011 Summary Financial Report and other relevant information can be found on the Shenzhen Stock Exchange’s website (http://www.szse.cn).

By order of the Board CITIC Pacific Limited Ricky Choy Wing Kay Company Secretary

Hong Kong, 26 February 2012

As at the date hereof, the executive directors of CITIC Pacific are Messrs Chang Zhenming (Chairman), Zhang Jijing, Carl Yung Ming Jie, Vernon Francis Moore, Liu Jifu, Milton Law Ming To and Kwok Man Leung; the non-executive directors of CITIC Pacific are Messrs André Desmarais, Ju Weimin, Yin Ke and Peter Kruyt (alternate director to Mr André Desmarais); and the independent non-executive directors of CITIC Pacific are Messrs Alexander Reid Hamilton, Gregory Lynn Curl and Francis Siu Wai Keung.

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