CITIC Limited — Audit Report / Information 2010

Mar 2, 2011

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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 2010

This Announcement is made by CITIC Pacific Limited (“CITIC Pacific”) 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 2010.

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 28 February 2011, the board of directors of Daye has approved the audited financial statements and auditors’ report for the year ended 31 December 2010. Daye’s audited financial results will be posted on the Shenzhen Stock Exchange’s website on 2 March 2011.

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 28 February 2011, the board of directors of Daye has approved the audited financial statements and auditors’ report for the year ended 31 December 2010. Daye’s audited financial results will be posted on the Shenzhen Stock Exchange’s website on 2 March 2011. 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 2010 and the Balance Sheet as at 31 December 2010 of Daye are provided below : -

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DAYE SPECIAL STEEL CO., LTD.

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2010 – AUDITED

1. Operating Income Less: Operating costs Operating taxes and surcharges Selling expenses General and administrative expenses Financial expenses Impairment loss of assets 2. Operating Profit Add: Non-operating income Less: Non-operating expenses (including: loss on disposal of non-current assets) 3. Profit before Tax Less: Income tax 4. Net Profit 5. Earnings per share Earnings per share - basic Earnings per share - diluted 6. Other comprehensive income 7. Total comprehensive income	2010 RMB 7,893,023,475 7,085,030,627 472,394 72,341,699 116,303,404 7,531,148 (2,442,326) 613,786,529 31,906,131 3,540,313 2,357,713 642,152,347 80,269,044 561,883,303 1.250 1.250 - 561,883,303	2009 RMB 5,561,184,680 5,038,274,316 944,034 27,004,965 97,115,359 12,236,168 7,066,648 378,543,190 7,983,409 6,090,729 5,363,152 380,435,870 47,644,912
		332,790,958
		0.741 0.741 - 332,790,958

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BALANCE SHEET AS AT 31 DECEMBER 2010 – AUDITED

ASSETS Current Assets Non-current Assets Total Assets LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Non-current Liabilities Total Liabilities Shareholders’ Equity Share Capital Capital Reserve Surplus Reserve Retained Profit Total Shareholders’ Equity Total Liabilities and Shareholders’ Equity		31 December 2010 RMB 2,199,018,379 2,338,036,095 4,537,054,474 1,768,999,824 229,074,553 1,998,074,377 ----------------- 449,408,480 485,653,274 226,114,429 1,377,803,914 2,538,980,097 _ ___ 4,537,054,474	31 December 2009 RMB 1,865,385,850 1,918,119,280
			3,783,505,130
			1,699,347,421 39,649,643
			1,738,997,064 ----------------- 449,408,480 485,653,274 169,926,099 939,520,213 2,044,508,066 _ ___
			3,783,505,130

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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 2010 Annual Report, 2010 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, 2 March 2011

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, 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, 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, Hansen Loh Chung Hon and Norman Ho Hau Chong.

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