CITIC Limited — Capital/Financing Update 2015

Aug 12, 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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ANNOUNCEMENT

COMPLETION OF SUBSCRIPTION OF NEW SHARES BY YOUNGOR

The Board is pleased to announce that all conditions precedent in the Subscription Agreement had been fulfilled, and the subscription of 859,218,000 new Shares of the Company by Youngor was completed on 12 August 2015 in accordance with the terms and conditions of the Subscription Agreement. The net proceeds from the Subscription are HK$11,986,091,100.

We refer to the announcement of CITIC Limited (the “ Company ”) dated 17 July 2015 in relation to the proposed subscription of 859,218,000 new Shares by Youngor (the “ Announcement ”). Unless otherwise specified, capitalized terms used in this announcement shall have the same meaning as defined in the Announcement.

COMPLETION OF SUBSCRIPTION OF NEW SHARES BY YOUNGOR

The Board is pleased to announce that all conditions precedent in the Subscription Agreement had been fulfilled, and the subscription of 859,218,000 new Shares of the Company by Youngor was completed on 12 August 2015 in accordance with the terms and conditions of the Subscription Agreement. The net proceeds from the Subscription are HK$11,986,091,100. The proceeds will be used for general corporate purposes.

EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY

Set out below is the shareholding structure of the Company (i) immediately before the Subscription completion, (ii) immediately after the Subscription completion (assuming no other Shares are issued) and (iii) immediately after the Subscription completion and assuming full conversion of the Preferred Shares (assuming no other Shares are issued).

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Name of	Immediately before the	Immediately before the	Immediately after the	Immediately after the	Immediately after	the completion
Shareholders	Subscription completion		Subscription completion		of the Subscription and assuming
			(assuming no	other Shares are	full conversion of the Preferred
				issued)	Shares (assuming no other
					Shares are issued)
	Number of	Approximate	Number of	Approximate	Number of	Approximate
	Shares held	percentage of	Shares held	percentage of	Shares held	percentage of
		total issued		total issued		total issued
		Shares		Shares		Shares
CITIC Glory	7,446,906,755	29.90%	7,446,906,755	28.91%	7,446,906,755	25.60%
CITIC Polaris	9,463,262,637	38.00%	9,463,262,637	36.73%	9,463,262,637	32.53%
CT Bright	2,490,332,363	10.00%	2,490,332,363	9.67%	5,818,053,363	20.00%
(Other)	5,369,021,875	21.56%	5,369,021,875	20.84%	5,369,021,875	18.46%
Public
Shareholders
Youngor	133,800,000	0.54%	993,018,000	3.85%	993,018,000	3.41%
Group (Note)
Total	24,903,323,630	100.00%	25,762,541,630	100.00%	29,090,262,630	100.00%

Note : Youngor Group held its interest in the Company through its wholly-owned subsidiary Youngor (Hong Kong) Industrial Company Limited and Youngor.

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

Hong Kong, 12 August 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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