CITIC Limited — Audit Report / Information 2018

Jun 20, 2018

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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VOLUNTARY ANNOUNCEMENT AUDIT RESULTS ISSUED BY THE NATIONAL AUDIT OFFICE OF THE PEOPLE’S REPUBLIC OF CHINA

This is a voluntary announcement made by CITIC Limited.

In 2017, the National Audit Office of the People’s Republic of China conducted an audit program (the “Audit”) on CITIC Group Corporation (“CITIC Group”), the controlling shareholder of CITIC Limited. CITIC Limited (and its subsidiaries in turn, together the “Group”) as a subsidiary of CITIC Group was covered by the Audit.

The Audit results acknowledged CITIC Group’s achievements in recent years including its implementation of strategic objectives and improvement of internal management. The Audit results also identified some issues or weakness in the operation and management of CITIC Group and the Group.

CITIC Limited highly values the Audit results in relation to the Group and the meaningful recommendations during the Audit process regarding further improvements to CITIC Limited’s management and control. CITIC Limited has corrected most of the issues in a series of rectification actions with detailed rectification measures and specific responsibilities.

CITIC Limited will take the opportunity to further enhance internal control and promote compliance awareness, in order for its business to grow in a sound and sustainable manner.

The issues or weakness identified in the Audit results does not have a material impact on the Group’s overall operations and financial position.

By Order of the Board CITIC Limited Chang Zhenming Chairman

Hong Kong, 20 June 2018

As at the date of this announcement, the executive directors of the Company are Mr Chang Zhenming (Chairman), Mr Wang Jiong, Ms Li Qingping and Mr Pu Jian; the non-executive directors of the Company are Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, Mr Peng Yanxiang, Mr Liu Zhongyuan, Mr Yang Xiaoping and Mr Wu Youguang; and the independent non-executive directors of the Company are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Ms Lee Boo Jin, Mr Paul Chow Man Yiu and Mr Shohei Harada.