CITIC Limited — Audit Report / Information 2008

Mar 24, 2009

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 disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Incorporated in Hong Kong with limited liability) (Stock Code: 267)

DAYE SPECIAL STEEL CO., LTD. A SUBSIDIARY OF CITIC PACIFIC LIMITED ANNOUNCEMENT OF AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2008

This Announcement is made by CITIC Pacific Limited (“CITIC Pacific” or “the Company”) pursuant to the requirements of Rule 13.09 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 2008.

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 20 March 2009, the board of directors of Daye has approved the audited financial statements and auditors’ report for the year ended 31 December 2008. Daye’s audited financial results will be posted on the Shenzhen Stock Exchange’s website on 24 March 2009.

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 20 March 2009, the board of directors of Daye has approved the audited financial statements and auditors’ report for the year ended 31 December 2008. Daye’s audited financial results will be posted on the Shenzhen Stock Exchange’s website on 24 March 2009. 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 2008 and the Balance Sheet as at 31 December 2008 of Daye are provided below : -

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DAYE SPECIAL STEEL CO., LTD. PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2008 – AUDITED

1. Operating IncomeLess: Operating costsOperating taxes and surchargesSelling expensesGeneral and administrative expensesFinancial expenses (net amount)Impairment 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 ShareEarnings per share - basicEarnings per share - diluted	2008RMB7,501,771,0467,165,593,6682,008,94268,489,00863,449,39329,465,02459,222,968113,542,04366,907,7271,528,1571,043,782 178,921,613(21,959,223)200,880,8360.4470.447	2007RMB5,908,041,8535,430,760,9028,926,22651,315,93258,434,46628,606,79727,042,950
		302,954,58042,558,79421,886,52319,610,121323,626,851 -
		323,626,851
		0.7200.720

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BALANCE SHEET AS AT 31 DECEMBER 2008 – AUDITED

ASSETSCurrent AssetsNon-current AssetsTotal AssetsLIABILITIES AND SHAREHOLDERS’ EQUITYCurrent LiabilitiesNon-current LiabilitiesTotal LiabilitiesShareholders’ EquityShare CapitalCapital ReserveSurplus ReserveRetained ProfitTotal Shareholders’ EquityTotal Liabilities and Shareholders’ Equity	31 December2008RMB1,492,277,5051,906,074,9313,398,352,4361,357,400,048284,294,4321,641,694,480-----------------449,408,480485,653,274136,647,003684,949,1991,756,657,9563,398,352,436	31 December2007RMB1,690,747,3711,749,574,851
		3,440,322,222
		1,415,115,274379,548,132
		1,794,663,406-----------------449,408,480485,653,274116,558,920594,038,142
		1,645,658,816
		3,440,322,222

GENERAL

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

Daye’s 2008 Annual Report, 2008 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 Stella Chan Chui Sheung Company Secretary

Hong Kong, 23 March 2009

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As at the date of this announcement, the executive directors of CITIC Pacific are Messrs Larry Yung Chi Kin (Chairman), Henry Fan Hung Ling, Peter Lee Chung Hing, Carl Yung Ming Jie, Vernon Francis Moore, Li Shilin, Liu Jifu, Milton Law Ming To, Wang Ande and Kwok Man Leung; the non-executive directors of CITIC Pacific are Messrs Willie Chang, André Desmarais, Chang Zhenming and Peter Kruyt (alternate director to Mr. André Desmarais); and the independent non-executive directors of CITIC Pacific are Messrs Hamilton Ho Hau Hay, Alexander Reid Hamilton, Hansen Loh Chung Hon and Norman Ho Hau Chong.

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