CITIC Limited — Capital/Financing Update 2018

May 9, 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.

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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 9 May 2018:-

CITIC Envirotech Secured RMB 720 Million PPP Project in Yunfu City, Guangdong Province, China

Hong Kong, 9 May 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 Liu Yeqiao, Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, 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.

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CITIC ENVIROTECH LTD

(Company Registration Number: 200306466G)

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CITIC Envirotech Secured RMB 720 Million PPP Project In Yunfu City, Guangdong Province, China

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The Board of Directors of CITIC Envirotech Ltd. (“CEL”, “Group” or “Company”) wishes to announce that the Company has secured a RMB 720 million Public-PrivatePartnership (“PPP”) project in Yunfu City, Guangdong Province. The project involves the design, construction and operation of four wastewater treatment plants, approximately 600 wastewater treatment stations and wastewater collection piping networks covering more than 80% of the villages in the Yunfu region, as well as the construction of 35 new villages.

Backed by the Chinese government, this project is part of Guangdong Province's thirteenth five-year environmental protection plan to develop and beautify the villages and townships in Yunfu City by 2020. It is the first environmental protection PPP project in the region and has strong governmental policy and financial support.

A project company will be formed to undertake the PPP project with CEL owning 88% of the shareholding, while the local government owns the remainder.

Construction will commence in September 2018 and is scheduled to be completed by August 2020. The project comes with a service concession of 28 years with minimum guaranteed and fixed revenue.

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

The above investments have 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

9 May 2018