CITIC Limited — Capital/Financing Update 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.

==> picture [454 x 194] intentionally omitted <==

VOLUNTARY ANNOUNCEMENT

SUBSCRIPTION OF A-SHARES OF YUAN LONG PING HIGH-TECH AGRICULTURE CO., LTD. BY CERTAIN SUBSIDIARIES OF CITIC LIMITED

Reference is made to the 2014 annual report (the “ Annual Report ”) of CITIC Limited (the “ Company ”). As disclosed in the Annual Report, the Company, through its subsidiaries (the “ Subscribing Companies ”), entered into a subscription agreement (the “ Subscription Agreement ”) in 2014 as a result of which the Company would, under the laws of the People’s Republic of China (the “ PRC ”), become the controlling shareholder of Yuan Long Ping High-Tech Agriculture Co., Ltd. (“ Longping High-Tech ”), a company listed on the Shenzhen Stock Exchange (the “ Transaction ”), and the Transaction had been approved by Longping High-Tech’s shareholders. The Company is pleased to announce that it was notified by Longping High-Tech that Longping High-Tech has obtained relevant approval on the Transaction from the China Securities Regulatory Commission.

SUBSCRIPTION OF A-SHARES OF LONGPING HIGH-TECH

Pursuant to the Subscription Agreement, the Company agreed to, through the Subscribing Companies, subscribe for an aggregate of 235,993,237 A-shares (the “ Subscription Shares ”) in Longping HighTech at a consideration of approximately RMB2,791.8 million.

The Transaction is expected to be completed in the first half of 2016. Immediately after the completion of the Transaction, the Company, through the Subscribing Companies, would be interested in approximately 18.79% equity interest in Longping High-Tech and would become the controlling shareholder of Longping High-Tech in accordance with the PRC laws, and Longping

High-Tech would be accounted for as an associate of the Company under the Hong Kong Financial Reporting Standards.

LOCK-UP PERIOD

In accordance with the Subscription Agreement, each of the Subscribing Companies agreed that, it will not, at any time during the period of 60 months following the listing of the Subscription Shares, transfer or procure Longping High-Tech to repurchase the Subscription Shares.

GENERAL INFORMATION

Longping High-Tech was established in the PRC on 30 June 1999 and was listed on Shenzhen Stock Exchange in 2000 (Stock Code: 000998). Longping High-Tech is a leading Chinese seed company with a variety of high quality product lines, established marketing networks, and strong advantages in research and development and brand recognition.

By Order of the Board CITIC Limited Ricky Choy Wing Kay Tang Zhenyi Joint Company Secretaries

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.