CITIC Limited — Board/Management Information 2018

Apr 17, 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 INDEPENDENT NON-EXECUTIVE DIRECTOR AND STRATEGIC COMMITTEE MEMBER

The board of directors (the “Board”) of CITIC Limited (the “Company”) announces the following changes with effect from 18 April 2018:

• (1) Appointment of Mr Shohei Harada as an Independent Non-executive Director and a member of the Strategic Committee; and

• (2) Resignation of Mr Noriharu Fujita from the Board as an Independent Non-executive Director and a member of the Strategic Committee.

The Board of the Company announces the following changes:

1. Appointment of Mr Shohei Harada as an Independent Non-executive Director

Mr Shohei Harada (“Mr Harada”), aged 60, has been appointed as an Independent Nonexecutive Director of the Company with effect from 18 April 2018.

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Mr Harada is currently a senior advisor at Tokyo Kyodo Accounting Office. He also serves on the Audit & Supervisory Board for The Nation Federation of Agricultural Cooperative Association (ZEN-NOH).

Mr Harada joined Tetsuzo Ota & Co. (later became Ernst & Young ShinNihon, LLC) in October 1984, where he performed audit engagements of major banks and real estate companies. From July 1993 to August 1997, he was seconded to the Ernst & Young London office. Mr Harada became a partner of Ernst & Young ShinNihon, LLC in May 1999 and a senior partner in May 2004. From September 2012 to February 2016, he was an executive partner of Ernst & Young ShinNihon, LLC and has served as the Advisory Japan Leader and Real Estate Sector Japan Leader. He retired from Ernst & Young ShinNihon, LLC in June 2017 and started a new career at Tokyo Kyodo Accounting Office. He is a licensed Certified Public Accountant in Japan. As an accounting professional, Mr Harada has extensive experience in real estate securitization, fund business, and advisory. Mr Harada graduated from Chuo University with a Bachelor degree in Commerce in March 1980.

There is no service contract entered into between the Company and Mr Harada. 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.

Following his appointment, Mr Harada will receive from the Company a director’s fee of HK$380,000 per annum (on a pro rata basis), at the same rate as the other Independent Non-executive Directors of the Company, which has been determined by the shareholders of the Company.

As at the date hereof, Mr Harada 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 Harada as an Independent 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 Harada on his appointment.

2. Appointment of Mr Shohei Harada as a member of the Strategic Committee

Following his appointment as an Independent Non-executive Director of the Company, Mr Shohei Harada has also been appointed as a member of the Strategic Committee of the Company with effect from 18 April 2018.

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3. Resignation of Mr Noriharu Fujita from the Board as an Independent Non-executive Director and a member of the Strategic Committee

Due to his other work commitments, Mr Noriharu Fujita (“Mr Fujita”) has tendered his resignation as an Independent Non-executive Director and a member of the Strategic Committee of the Company with effect from 18 April 2018.

Mr Fujita 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 Fujita has been a director of the Company since August 2015. 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 Fujita for his service and valuable contribution made to the Company.

By Order of the Board CITIC Limited Chang Zhenming Chairman

Hong Kong, 17 April 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 Liu Yeqiao, Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, 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. Noriharu Fujita and Mr Paul Chow Man Yiu.

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