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CITIC Limited Board/Management Information 2001

Jan 2, 2001

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(Incorporated in Hong Kong under the Companies Ordinance)

The directors of CITIC Pacific Limited ("the Company") announce that Mr. Patrick W S Chung resigns as executive director of the Company with effect from 1st January, 2001.

By Order of the Board

Alice Tso Mun Wai

Company Secretary

Hong Kong, 30th December, 2000

"Please also refer to the published version of this announcement in the South China Morning Post"