CITIC Limited — Capital/Financing Update 2017

Sep 11, 2017

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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OVERSEAS REGULATORY ANNOUNCEMENT

Please refer to the attached document dated 11 September 2017 released by CITIC Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited in relation to the following:-

Change – Change in Corporate Information: CITIC Envirotech invested RMB 365 million in two hazardous waste treatment facilities in Huizhou City, Guangdong Province, China.

Hong Kong, 11 September 2017

As at the date of this announcement, the executive directors of CITIC Limited are Mr Chang Zhenming (Chairman), Mr Wang Jiong, Ms Li Qingping and Mr Pu Jian; the non-executive directors of CITIC Limited are Mr Liu Yeqiao, Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, Mr Liu Zhongyuan and Mr Yang Xiaoping; and the independent non-executive directors of CITIC Limited 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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CITIC ENVIROTECH LTD (Company Registration Number: 200306466G)

=============================================================== CITIC Envirotech Invested RMB 365 million In Two Hazardous Waste Treatment Facilities in Huizhou City, Guangdong Province, China

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The Board of Directors (“Board”) of CITIC Envirotech Ltd (“CEL”, “Group” or “Company”) is pleased to announce that the Group has invested a total amount of RMB 365 million in two hazardous waste treatment facilities in Huizhou City, Guangdong Province.

The investment consists of the acquisition of 51% stake in two companies, namely Lixing Environmental Protection Co., Ltd (“Lixing EP”) and Huilv Environmental Protection Co., Ltd (“Huilv EP”), for RMB 160 million and an additional RMB 205 million for the expansion of the treatment facility of Lixing EP.

Lixing EP’s treatment facility is located at the Huiyang District of Huizhou City. It has a designed capacity of 72,000 ton/year and is licensed to treat 10 types of hazardous wastes. The treatment facility of Lixing EP will be expanded to 149,000 ton/year from 72,000 ton/year for an additional investment of approximately RMB 400 million (or RMB 205 million for CEL’s 51% shareholding).

Huilv EP’s treatment facility is located at the Daya Bay District of Huizhou City. It specializes in the treatment of electronic waste and hazardous waste containing precious and heavy metals. The facility has a treatment capacity of 12,500 ton/year. Both Lixing EP and Huilv EP have over 10 years of experience in providing services on hazardous waste treatment.

Huizhou is an industrialized city situated in the south-eastern part of Guangdong Province. Electronics and petrochemicals are the major industries in Huizhou. Huizhou’s Daya Bay District houses one of the world’s largest petrochemical hub where Royal Dutch Shell and China National Offshore Oil Corporation (CNOOC)’s refineries and petrochemical plants are located in.

More stringent environmental regulations and new national hazardous waste regulation imposed by the Chinese government in 2016 are the key drivers for the current growing trend in the hazardous waste treatment market in China. According to a projection by China Securities, the Chinese hazardous waste treatment market is growing at Compound Annual Growth Rate (CAGR) of 15% and will reach RMB 186 billion in 2020.

In December 2016, CEL announced its first BOO hazardous waste treatment project in Rizhao City, Shandong Province, with the total investment of RMB 240 million. On 4 September 2017, the Group announced the acquisition of a RMB 315 million hazardous waste treatment project in Binzhou City, Shandong Province. These acquisitions strengthen CEL’s presence in hazardous waste treatment, especially in the Guangdong and Shandong Provinces.

The capital injection of the above investment is from the proceeds of the issuance of the US$180,000,000 senior perpetual securities pursuant to its US$750,000,000 multicurrency perpetual securities issuance programme and bank financing.

The above acquisition of 51% of the two target companies at a cost of RMB 160 million does not constitute a discloseable transaction as defined in Chapter 10 of the Listing Manual of the SGX-ST.

The above investment has no material effect on the net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2017.

None of the directors or controlling shareholders of the Company has an interest, direct or indirect in the above Project.

BY ORDER OF THE BOARD

Lotus Isabella Lim Mei Hua Company Secretary 11 September 2017