CITIC Limited — Board/Management Information 2018

May 24, 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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CHANGE OF NON-EXECUTIVE DIRECTOR AND AUDIT AND RISK MANAGEMENT COMMITTEE MEMBER

The board of directors (the “Board”) of CITIC Limited (the “Company”) announces the following changes with effect from 24 May 2018:

• (1) Appointment of Mr Peng Yanxiang as a Non-executive Director and a member of the Audit and Risk Management Committee; and

• (2) Resignation of Mr Liu Yeqiao from the Board as a Non-executive Director and a member of the Audit and Risk Management Committee.

The Board of the Company announces the following changes:

1. Appointment of Mr Peng Yanxiang as a Non-executive Director

Mr Peng Yanxiang (“Mr Peng”), aged 55, has been appointed as a Non-executive Director of the Company with effect from 24 May 2018.

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Mr Peng worked with several posts in the Ministry of Finance as assistant engineer, engineer, deputy director, senior engineer, director of Computing Center, deputy chief engineer (director level), deputy director general, director general of Network Information Center. He graduated from Beijing Institute of Technology. He is a senior engineer. He worked and studied at TKC Corp. in Japan from February 1987 to February 1988 and acquired bookkeeping qualification. He has been appointed as a non-executive director of CITIC Group Corporation with effect from 18 April 2018.

There is no service contract entered into between the Company and Mr Peng. He has entered into a letter of appointment with the Company and pursuant to the Company’s articles of association, he will hold office only until the next following annual general meeting, or if earlier, the next following extraordinary general meeting of the Company and will then be eligible for re-election at such meeting. Thereafter, he 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 Mr Peng in respect of his appointment as a Non-executive Director of the Company.

As at the date hereof, Mr Peng does not have any interest in the ordinary shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed above, he does not have relationships with any directors, senior management, substantial shareholders or controlling shareholders of the Company, and does not hold and has 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.

In relation to the appointment of Mr Peng as a Non-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.

The Board would like to extend its warmest welcome to Mr Peng on his appointment.

2. Appointment of Mr Peng Yanxiang as a member of the Audit and Risk Management Committee

Following his appointment as a Non-executive Director of the Company, Mr Peng Yanxiang has also been appointed as a member of the Audit and Risk Management Committee of the Company with effect from 24 May 2018.

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3. Resignation of Mr Liu Yeqiao from the Board as a Non-executive Director and a member of the Audit and Risk Management Committee

Mr Liu Yeqiao (“Mr Liu”) has tendered his resignation as a Non-executive Director and a member of the Audit and Risk Management Committee of the Company with effect from 24 May 2018 due to his other work commitments.

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

Mr Liu has been a director of the Company since December 2014. 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 Liu for his service and valuable contribution made to the Company.

By Order of the Board CITIC Limited Chang Zhenming Chairman

Hong Kong, 24 May 2018

As at the date of this announcement and immediately after the above change of directors, 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.

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