CITIC Limited — Capital/Financing Update 2018

Apr 25, 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 25 April 2018:-

Grant of Options pursuant to the Citic Envirotech Employee Share Option Scheme

Hong Kong, 25 April 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.

CITIC ENVIROTECH LTD

(Incorporated in the Republic of Singapore)

(Company Registration Number: 200306466G)

GRANT OF OPTIONS PURSUANT TO THE CITIC ENVIROTECH EMPLOYEE SHARE OPTION SCHEME

Unless otherwise defined, all terms not defined herein shall be as defined in the rules of the CITIC Envirotech Employee Share Option Scheme, as amended and announced on 14 February 2013

The Board of Directors (the "Board") of CITIC Envirotech Ltd. (the "Company") wishes to announce that on 25 April 2018, the Company has made offers to grant Options pursuant to the CITIC Envirotech Employee Share Option Scheme. Details of the grant of the Options, in accordance with Rule 704 (29) of the Listing Manual of the SGX-ST, are as follows:

(a)	Date of Grant	:	25 April 2018
(b)	Exercise Price per Share	:	S$0.563
	The Exercise Price per Share comprised in each Option granted is at a 20% discountto the price which is equal to the average of the last dealt prices for the Share, asdetermined by reference to the daily Official List published by the SGX-ST for aperiod of five (5) consecutive Market Days immediately prior to the relevant Date ofGrant of that Option (i.e. between 18 April 2018 and 24 April 2018 (both datesinclusive), rounded up in the case of cents to the nearest whole cent).
(c)	Number of Shares comprised in the Options granted(other than Shares comprised in the Options grantedto Directors, the Controlling Shareholder and hisassociates)	:	18,364,000
(d)	Number of Shares comprised in the Options grantedto Directors	:	None
(e)	Number of Shares comprised in each Option grantedto Controlling Shareholders (and their associates)	:	None
(f)	Market Price (last done price) of Shares on the Dateof Grant	:	S$0.71
(g)	Validity period of the Options	:	The validity period of theOptions is the periodfrom the day after the 2ndanniversary of the Dateof Grant to the dayfalling before the 10thanniversary of the Dateof Grant.

BY ORDER OF THE BOARD

Dr Lin Yucheng Executive Director and Chief Executive Officer 25 April 2018