CITIC Limited — Board/Management Information 2008

Mar 17, 2008

==> picture [231 x 175] intentionally omitted <==

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

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board of Directors (the “Board”) of CITIC Pacific Limited (the “Company”) is pleased to announce that Mr Kwok Man Leung will be appointed as an executive director of the Company with effect from April 1, 2008.

Mr Kwok Man Leung , aged 39, is currently director of Business Development Department of the Company. Mr Kwok is a non-executive director of CITIC 1616 Holdings Limited and Dah Chong Hong Holdings Limited, both being subsidiaries of the Company with their shares listed on the Stock Exchange of Hong Kong Limited. He is also a director of Adaltis Inc. (a Canadian listed company), CITIC Guoan Co., Ltd., New Hong Kong Tunnel Company Limited and other group companies concerned with special steel and environmental projects. He joined the Company in 1993 after experience in sales and business development with a major Hong Kong listed company. Mr. Kwok has no relationships with any directors, senior management or substantial or controlling shareholders of the Company. He obtained a Master degree in Business Administration (EMBA) from the Chinese University of Hong Kong. He is a Chartered Financial Analyst.

Mr Kwok is entitled to receive under his current service contract with the Company a monthly salary of HK$103,500 which is determined with reference to the market terms and his duties within the Company plus discretionary bonus that is subject to the performance of the Company and the individual. Following the appointment as director, he will also receive a director’s fee, which is determined by shareholders of the Company, at the same rate as that payable by the Company to other directors of the Company. As at the date hereof, he is interested in 600,000 share options of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Pursuant to the Company’s Articles of Association, Mr Kwok will retire and be eligible for re-election at the next annual general meeting. Thereafter, he will be subject to retirement by rotation and re-election in accordance with the Company’s Articles of Association.

1

In relation to the appointment of Mr Kwok as an executive director of the Company, there is no information to be disclosed pursuant to any of the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules nor are there other matters that need to be brought to the attention of the shareholders of the Company.

By order of the Board CITIC Pacific Limited Stella Chan Chui Sheung Company Secretary

Hong Kong, 17 March 2008

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

2