CITIC Limited — Capital/Financing Update 2017

Jun 30, 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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ANNOUNCEMENT

POTENTIAL CONNECTED TRANSACTION BETWEEN CITIC OFFSHORE HELICOPTER CO., LTD. AND CITIC GROUP CORPORATION

This announcement is made by CITIC Limited (the “ Company ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (the “ SFO ”) (Chapter 571, Laws of Hong Kong).

POTENTIAL CONNECTED TRANSACTION

The board of directors of the Company would like to inform the shareholders of the Company and the investors that, CITIC Offshore Helicopter Co., Ltd. (“ COHC ”), a non-wholly-owned subsidiary of the Company, is discussing with CITIC Group Corporation (“ CITIC Group ”) on the acquisition of 100% equity interest (the “ Target Assets ”) of CITIC Medical & Health Group Co., Ltd. (“ CITIC Medical ”) held by CITIC Group (the “ Potential Acquisition ”). The consideration for the Potential Acquisition is proposed to be satisfied by issue of shares by COHC to CITIC Group and/or cash payment. As at the date of this announcement, the detailed plan of the Potential Acquisition is not determined, and may be subject to adjustment based on the transaction situations. The actual controller of COHC will remain unchanged upon completion of the Potential Acquisition. COHC is negotiating with relevant parties in relation to the details of the Potential Acquisition, including but not limited to the scope of the Target Assets and the method of the Potential Acquisition. As at the date of this announcement, no framework agreement or letter of intent is entered into between the parties and the Potential Acquisition is subject to further negotiation.

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INFORMATION OF THE PARTIES

COHC

COHC is a joint stock limited company incorporated in the PRC and a non-wholly-owned subsidiary of the Company. Its principal businesses include offshore oilfield service, general aviation services and helicopter hosting services and other related businesses and its shares are listed on the Shenzhen Stock Exchange (Stock Code: 000099).

CITIC Group

CITIC Group is a wholly state-owned company established in the PRC in 1979 and the controlling shareholder of the Company. CITIC Group has developed to become a large-scale comprehensive multinational conglomerate with businesses in both financial and non-financial sectors, covering financial services, resources and energy, manufacturing, engineering contracting, real estate and other segments. CITIC Group has been listed among the “Global 500” companies for eight consecutive years since 2009 by Fortune of the United States and was ranked No.156 in 2016. As at the date of this announcement, CITIC Group holds 58.13% equity interests in the Company.

CITIC Medical

CITIC Medical is a limited liability company incorporated in the PRC and a wholly-owned subsidiary of CITIC Group. It primarily engages in medical services related business, covering specialist and comprehensive medical services such as assisted reproduction and cosmetic and plastic surgery.

IMPLICATION OF LISTING RULES

As at the date of the announcement, CITIC Group is the controlling shareholder of the Company, and is therefore a connected person of the Company under Chapter 14A of the Listing Rules. Thus, CITIC Medical constitutes a connected person of the Company by virtue of being an associate of CITIC Group and the Potential Acquisition, if materializes, will constitute a connected transaction of the Company under Chapter 14A of the Listing Rules. The Company will make further announcement as and when appropriate in accordance with the Listing Rules.

By Order of the Board CITIC Limited Chang Zhenming Chairman

Hong Kong, 30 June 2017

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 Zhongyuan 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, Mr Noriharu Fujita and Mr Paul Chow Man Yiu.

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