CITIC Limited — Capital/Financing Update 2016

Jan 25, 2016

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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VOLUNTARY ANNOUNCEMENT

FILING REGISTRATION DOCUMENTS OF SUPER SHORT-TERM COMMERCIAL PAPER WITH THE NATIONAL ASSOCIATION OF FINANCIAL MARKET INSTITUTIONAL INVESTORS BY CITIC CORPORATION LIMITED, A WHOLLY OWNED SUBSIDIARY OF CITIC LIMITED

CITIC Corporation Limited (“ CITIC Corporation ”), a wholly-owned subsidiary of CITIC Limited (the “ Company ”, together with its subsidiaries, the “ Group ”), made an application to the National Association of Financial Market Institutional Investors (“ NAFMII ”) of the People’s Republic of China (the “ PRC ”) on January 25, 2016 for registration of the super short-term commercial paper (the “ Super Short-Term Commercial Paper ”).

I. Relevant Information of the Super Short-Term Commercial Paper

Key Terms: the Super Short-Term Commercial Paper will be issued at par value with a fixed interest rate, which shall be determined upon consensus among CITIC Corporation, the lead underwriter and the joint lead underwriters pursuant to the results of book building. The Super Short-Term Commercial Paper will be registered with a proposed amount not exceeding RMB30 billion. The first tranche to be issued under the Super Short-Term Commercial Paper will not exceed RMB10 billion with a term of 270 days. The actual amount and term of the issue will be determined upon the official issuance.

Information Disclosure Media at the Approval Stage: according to the related guidelines and

regulations of NAFMII, the draft registration documents of the Super Short-Term Commercial Paper have been disclosed on the Debt Capital Market Filing Analysis Notification System of NAFMII (“ DCM-FANS ”) on January 25, 2016. The draft registration documents of the Super Short-Term Commercial Paper contain certain information on CITIC Corporation, its subsidiaries and its investee companies which was not previously disclosed. The Company is issuing this voluntary announcement to keep its shareholders and potential investors informed of such information.

II. Initially Disclosed Information of the Super Short-Term Commercial Paper

(i) Business Segment Composition of CITIC Corporation

CITIC Corporation’s Operating Income, Operating Costs and Gross Profits by Business Segment for the nine months ended September 30, 2015 (in RMB100 million):

Business SegmentOperating IncomeOperating CostsGrossProfitsGross ProfitMarginAmountPercentage(%)AmountPercentage(%)Financial Services1,265.4168.89----	Business SegmentOperating IncomeOperating CostsGrossProfitsGross ProfitMarginAmountPercentage(%)AmountPercentage(%)Financial Services1,265.4168.89----
Resources and Energy229.8012.51216.6244.6113.185.74
	gy......
	Manufacturing147.668.04119.6724.6527.9918.96
	EngineeringContracting72.243.9361.2912.6210.9515.16
	Real Estate andInfrastructure78.044.2561.8412.7416.2020.76Others48.072.6237.217.6610.8622.59OperationManagement26.561.45----
	Elimination-31.03-1.69-11.06-2.28--
	Total1,836.74100.00485.58100.00--

Note: As the operating income of the financial services segment of CITIC Corporation is presented in a net amount of income minus costs (e.g. net interest income, interest income net of interest expenses), the operating costs of financial services segment are not presented separately. Others segment includes information services, trading business and sewage treatment services; operation management mainly represents the operating income generated from CITIC Corporation (head office only).

(ii) Information of Certain Business Segments of CITIC Corporation

1. Financial Services

As of September 30, 2015, the total assets, total liabilities and net assets of CITIC Trust Co., Ltd. (“ CITIC Trust ”) were RMB24.649 billion, RMB6.697 billion and RMB17.952 billion, respectively. Its operating income, profit before tax, and net profit for the nine months ended

September 30, 2015 were RMB7.807 billion, RMB2.429 billion, and RMB3.102 billion, respectively.

CITIC Prudential Life Insurance Co., Ltd. (“ CITIC Prudential ”) is an investee company of CITIC Corporation. As of September 30, 2015, the total assets, total liabilities, and net assets of CITIC Prudential were RMB44.509 billion, RMB41.471 billion, and RMB3.038 billion, respectively. Its operating income, profit before tax, and net profit for the nine months ended September 30, 2015 were RMB6.144 billion, RMB386 million and RMB290 million, respectively.

2. Non-financial Services

(1) Resources and Energy

For the nine months ended September 30, 2015, the operating income and net profit of CITIC United Asia Investments Limited were HKD10.822 billion and HKD246 million, respectively.

For the nine months ended September 30, 2015, the operating income and net profit of CITIC Metal Co., Ltd. were RMB12.283 billion and RMB517 million, respectively.

(2) Manufacturing

For the nine months ended September 30, 2015, the operating income and net profit of CITIC Dicastal Co., Ltd. were RMB11.930 billion and RMB515 million, respectively.

(3) Real Estate

Key information of the real estate business of CITIC Real Estate Co., Ltd. for the nine months ended September 30, 2015:

	For the nine months ended
Items	September 30, 2015
Floor Space Starts (in 10,000 m2)	107.51
Floor Space Completed (in 10,000 m2)	63.83
Floor Space Under Construction (in 10,000 m2)	796
Gross Floor Area Sold (in 10,000 m2)	110.9
Contracted Sales (in RMB100 million)	127.92
Average contracted Selling price (in RMB10,000/ m2)	1.15
Sales Revenue Recognized In the Period (in RMB100 million)	76.8
Collection Rates	99.05%

Note: Information in the above table was prepared for management purposes and not for disclosure in financial statements.

Shareholders and investors are reminded that certain financial information included in this announcement are prepared in accordance with the generally accepted accounting principles of the PRC, which may require adjustment during the course of auditing. In addition, the information contained therein is limited solely to the consolidated operation of CITIC Corporation, which does not provide a full picture of the operation status of the Group.

Potential investors and shareholders of the Company are reminded that certain financial information mentioned above has not been reviewed or audited by the Company’s independent auditors. Differences may arise between such financial information and the data disclosed in audited reports due to review and auditing adjustment. Potential investors and shareholders of the Company should exercise caution when dealing with the securities of the Company and should not rely solely on such information.

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

Hong Kong, January 25, 2016

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 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.