CITIC Limited — Capital/Financing Update 2018

Mar 19, 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

Please refer to the attached document dated 19 March 2018 released by CITIC Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited in relation to the following:-

Change – Change in Corporate Information: Receipt of Approval In-Principle for the Listing of, Dealing in, and Quotation on the Main Board of the SGX-ST of the Placement Shares

Hong Kong, 19 March 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 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)

================================================================================ RECEIPT OF APPROVAL IN-PRINCIPLE FOR THE LISTING OF, DEALING IN, AND QUOTATION ON THE MAIN BOARD OF THE SGX-ST OF THE PLACEMENT SHARES

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1. The Board of Directors (“ Board ”) of CITIC Envirotech Ltd. (“ Company ”) refers to the announcements by the Company on (a) 28 December 2017, (b) 5 January 2018, and (c) 28 February 2018 (collectively, the “ Placement Announcements ”) in relation to the proposed placement (“ Proposed Placement ”) of an aggregate of 83,216,080 new ordinary shares in the capital of the Company (“ Placement Shares ”) to New Resources LLC (“ Placee ”), pursuant to the terms and conditions of a placement agreement entered into between the Company and the Placee on 28 December 2017, as amended by an amendment letter dated 27 February 2018.

2. Further to the Placement Announcements, the Board is pleased to announce that the Company had on 19 March 2018 obtained approval in-principle from the Singapore Exchange Securities Trading Limited (“ SGX-ST ”) for the listing of, dealing in, and quotation on the Main Board of the SGX-ST of the Placement Shares (“ AIP ”).

3. The AIP granted by the SGX-ST is not to be taken as an indication of the merits of the Proposed Placement, the Placement Shares, the Company and/or its subsidiaries and is subject to, inter alia , the following conditions:

   • (i) a written undertaking from the Company that it will comply with Rule 704(30) and Rule 1207(20) of the SGX-ST listing manual (“ Listing Manual ”) in relation to the use of the proceeds from the proposed placement of the Placement Shares and where proceeds are to be used for working capital purposes, the Company will disclose a breakdown with specific details on the use of proceeds for working capital in the Company's announcements on use of proceeds and in the annual report;

   • (ii) a written undertaking from the Company that it will comply with Rule 803 of the Listing Manual;

   • (iii) a written confirmation from the Company that it will not issue the Placement Shares to persons prohibited under Rule 812(1) of the Listing Manual; and

   • (iv) compliance with the SGX-ST’s listing requirements.

4. The written undertakings and confirmation referred to under paragraphs 3(i), 3(ii) and 3(iii) of this announcement have been provided to the SGX-ST on 1 March 2018.

5. The Placement Shares are required to be issued within seven (7) market days from the date of the AIP. Further announcements on the Proposed Placement will be made by the Company as and when appropriate.

By Order of the Board

Lotus Isabella Lim Mei Hua Company Secretary

19 March 2018