CITIC Limited — Capital/Financing Update 2017

Jan 18, 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

(This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

The following announcement is released by CITIC Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited on 18 January 2017:-

CITIC Envirotech’s subsidiary enters into a Joint Venture Agreement to undertake the Cogeneration Project under the PPP in Shantou City, Guangdong Province, China

Hong Kong, 18 January 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 Yang Jinming, Mr Liu Yeqiao, Mr Song Kangle, Ms Yan Shuqin, 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’S SUBSIDIARY ENTERS INTO A JOINT VENTURE AGREEMENT TO UNDERTAKE THE COGENERATION PROJECT UNDER THE PPP IN SHANTOU CITY, GUANGDONG PROVINCE, CHINA

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The Board of Directors of CITIC Envirotech Ltd. (“CEL” or “Company” or collectively with its subsidiaries, “Group”) refers to the announcements made on 7 December 2016, 9 January 2017 and 12 January 2017, where a consortium comprising CEL, Guangdong Keying Zhiran Environmental Co., Ltd (“Guangdong KZ”) and Zhongsheng Technology (Jiangsu) Co., Ltd (“Zhongsheng”) was awarded a RMB 3.2 billion Public-PrivatePartnership (PPP) project in Shantou Chaonan, Guangdong Province, China.

In relation to the above project, a three-party joint venture company, CITIC Envirotech (Shantou) Integrated Dyestuff Environmental Development Co., Ltd (“CEL Shantou”) with a total registered capital of RMB 600 million has been set up with CEL, Guangdong KZ and Chaonan District Dyeing Park Management Company (“Chaonan MC”). CEL owns 51% of the shareholding of CEL Shantou, while Guangdong KZ and Chaonan MC owns 24% and 25% respectively.

CEL Shantou, Zhongsheng and Guangdong KZ have entered into an agreement to set up a new joint venture company (“New JVC”) with a total registered capital of RMB 260 million. CEL Shantou will own 10% of the shareholding in the New JVC, while Zhongsheng and Guangdong KZ will own 51% and 39% of the shareholdings respectively.

This New JVC will undertake the investment, design, build and operation of the cogeneration plant under the PPP project in Shantou City. The total project value of the cogeneration plant is estimated to be up to RMB1.6 billion to be built in 2 phases. The investment in Phase 1 is estimated to be approximately RMB700 million and the building of the cogeneration plant will commence as soon as practicable and is expected to complete by the first half year of 2018.

The investment in the New JVC by CEL Shantou will be funded by the proceeds from the paid-up capital of CEL Shantou and bank financing.

The incorporation of the new JVC is not expected to have any material financial impact on the net tangible assets per share and earning per share of the Group for the financial year ending 31 December 2017.

None of the Directors and controlling Shareholders has any interest, direct and indirect (other than through their shareholdings in the Company) in the project, except for Dr Lin Yucheng, the Group CEO and Executive Director of the Group, who is a substantial shareholder of Sunpower Group Ltd whose subsidiary, Zhongsheng is a member of the consortium and a shareholder of the New JV.

For and on behalf of the Board

Dr Lin Yucheng Group CEO and Executive Director

18 January 2017