CITIC Limited — Capital/Financing Update 2018

Jul 23, 2018

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.

==> picture [455 x 194] intentionally omitted <==

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 23 July 2018:-

CITIC Envirotech Secured RMB 134 Million PPP Project in Maoming City, Guangdong Province, China

Hong Kong, 23 July 2018

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 Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, Mr Peng Yanxiang, Mr Liu Zhongyuan, Mr Yang Xiaoping and Mr Wu Youguang; 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 Paul Chow Man Yiu and Mr Shohei Harada.

==> picture [187 x 51] intentionally omitted <==

CITIC ENVIROTECH LTD

(Company Registration Number: 200306466G)

===============================================================

CITIC Envirotech Secured RMB 134 Million PPP Project In Maoming City, Guangdong Province, China

---

The Board of Directors of CITIC Envirotech Ltd. (“CEL”, “Group” or “Company”) wishes to announce that the Company has secured a RMB 134 million Public-PrivatePartnership (“PPP”) project in Maoming City, Guangdong Province. The project involves the design, construction and operation of a 45,000 m3/day municipal wastewater treatment plant using Membrane Bioreactor (“MBR”) technology to treat the wastewater to grade 4 surface water discharge standard.

A project company, CITIC Envirotech Water Resource (Maoming) Co., Ltd, with a registered capital of RMB 40,160,670 will be set up to undertake the project. CEL will own 70% of the project company, while the local government owns the remaining 30%.

Construction will commence immediately and is scheduled to be completed in one year. The project comes with a service concession of 30 years with guaranteed and fixed revenue as well as minimum offtake as follows:

Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8 &thereafter
25%	35%	45%	55%	65%	75%	85%	100%

The capital injection of the above investment is from the proceeds of the recent share placement of S$70 million in the capital of the Company and bank financing.

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 2018.

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

BY ORDER OF THE BOARD

Lotus Isabella Lim Mei Hua Company Secretary 23 July 2018