CITIC Limited — Board/Management Information 2015

Dec 23, 2015

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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CHANGES TO THE BOARD

The board of directors (the “Board”) of CITIC Limited (the “Company”) announces the following changes with effect from 24 December 2015:

• (1) Appointment of Ms Li Qingping and Mr Pu Jian as Executive Directors; and

• (2) Retirement of Mr Zhang Jijing from the Board as an Executive Director and the chairman of the Asset and Liability Management Committee which is established under the Executive Committee. Mr Zhang will continue to serve as a member of the Special Committee of the Company.

The Board of the Company announces the following changes:

1. Appointment of Ms Li Qingping as an Executive Director

Ms Li Qingping (“Ms Li”), aged 53, has been appointed as an Executive Director of the Company with effect from 24 December 2015.

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Ms Li is the vice president and a member of the Executive Committee of the Company with effect from 26 September 2014. Ms Li is currently executive director of CITIC Group Corporation, executive director and vice president of CITIC Corporation Limited, and executive director and president of CITIC Bank. She was formerly general manager of the International Department of Agricultural Bank of China, general manager of Guangxi Branch, and director of the Retail Business Department. Ms Li is a senior economist who has 30 years’ experience in the banking industry, with particular emphasis on international business and retail business. She graduated from the International Finance Programme at Nankai University with a master’s degree in economics.

2. Appointment of Mr Pu Jian as an Executive Director

Mr Pu Jian (“Mr Pu”), aged 57, has been appointed as an Executive Director of the Company with effect from 24 December 2015.

Mr Pu is the vice president and a member of the Executive Committee of the Company with effect from 26 September 2014. Mr Pu is currently executive director of CITIC Group Corporation, executive director and vice president of CITIC Corporation Limited. He was formerly vice president of CITIC Securities Co., Ltd; vice chairman of China Offshore Helicopter Co., Ltd; president of CITIC Offshore Helicopter Co., Ltd; director of CITIC Group; president and chairman of CITIC Trust Co., Ltd. He has held management positions in the financial industry and the general aviation industry for many years, and has over 20 years' experience in financial institutions, particularly in the securities and trust fields. Mr Pu is a senior economist and a graduate of Fordham University with a master’s degree in business administration.

The Board would like to extend its warmest welcome to Ms Li and Mr Pu.

Each of Ms Li and Mr Pu is entitled to receive an annual basic salary of HK$24,300 per month and an annual performance salary of HK$18,000 per month which are determined by the relevant PRC government regulators and are subject to evaluation of the annual performance of the Company. Remuneration of the Executive Directors is subject to review and approval by the Remuneration Committee of the Company.

Each of the newly appointed directors has entered into a letter of appointment with the Company and pursuant to the Company’s articles of association, shall hold office only until the next following annual general meeting, or if earlier, the next following extraordinary general meeting of the Company and shall then be eligible for re-election at such meeting. Thereafter, he or she will be subject to retirement by rotation and re-election in accordance with the Company’s articles of association. No director’s fee will be paid to the Executive Directors of the Company.

Save as disclosed, none of the newly appointed directors have relationships with any directors, senior management or substantial or controlling shareholders of the Company, and do not hold and have not held in the last three years any directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas. None of the newly appointed directors have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

In respect of each newly appointed director, 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.

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3. Retirement of Mr Zhang Jijing from the Board as an Executive Director and the chairman of the Asset and Liability Management Committee which is established under the Executive Committee

Mr Zhang Jijing (“Mr Zhang”) is retiring from the Board as an Executive Director and the chairman of the Asset and Liability Management Committee which is established under the Executive Committee of the Company with effect from 24 December 2015. Mr Zhang will continue to serve as a member of the Special Committee of the Company.

Mr Zhang has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company.

Mr Zhang has been a director of the Company since April 2009 and has served the Board for over 6 years. He has provided valuable service and support to the Company during his tenure of office. The Chairman and the Board express their sincere gratitude to Mr Zhang for his service and valuable contributions made to the Company.

By Order of the Board CITIC Limited Chang Zhenming Chairman

Hong Kong, 23 December 2015

As at the date of this announcement, the executive directors of the Company are Mr Chang Zhenming (Chairman), Mr Wang Jiong, and Mr Zhang Jijing; the non-executive directors of the Company are Mr Yu Zhensheng, Mr Yang Jinming, Ms Cao Pu, Mr Liu Zhongyuan, Mr Liu Yeqiao and Mr Yang Xiaoping; 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 and Mr Noriharu Fujita.

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