CITIC Limited — Capital/Financing Update 2018

Mar 8, 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 8 March 2018:-

CITIC Envirotech Won RMB 300 Million PPP Project in Xiaogan City, Hubei Province, China

Hong Kong, 8 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.

CITIC ENVIROTECH LTD (Company Registration Number: 200306466G)

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CITIC ENVIROTECH WON RMB 300 MILLION PPP PRJECT IN XIAOGAN CITY, HUBEI PROVINCE, CHINA

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The Board of Directors (“Board”) of CITIC Envirotech Ltd (“CEL”, “Group” or “Company”) is pleased to announce that the Group was awarded a Public-PrivatePartnership (“PPP”) project in Xiaogan City, Hubei Province, China. The PPP project involves an investment of RMB 300 million in a 40,000 m3/day Build-OperateTransfer (“BOT”) wastewater treatment facility.

The project involves the design, construction and operation of the wastewater treatment plant and piping works stretching 12.2 kilometres. The Company will apply its proprietary Membrane Bioreactor (“MBR”) technology for the wastewater treatment plant to treat 70% municipal wastewater and 30% industrial wastewater to grade 1A level.

A new subsidiary Novo Envirotech (Xiaogan) Co., Ltd with a registered capital of RMB 99.66 million has been set up and is 90% owned by CEL and 10% owned by the local municipal government. Construction of the BOT project will commence immediately and is expected to be completed by 2018. The project has a service concession of 30 years and comes with minimum offtake from the local government as follows:

Min offtake	Year 1	Year 2	Year 3 onwards
Water volume	30,000 m3/day	35,000 m3/day	40,000 m3/day

MBR is a very efficient technology as it only requires 20-30% of the land area occupied by conventional wastewater treatment plant. The Company is confident that MBR technology will become more widely adopted across China. As an integrated membrane-based water solutions provider with excellent track record, the Company is well poised to benefit from this trend.

The above capital injection is from the proceeds of the issuance of the SGD 240,000,000 perpetual capital securities in 2017 pursuant to its US$1,500,000,000 multicurrency perpetual securities issuance programme.

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 investment.

BY ORDER OF THE BOARD

Lotus Isabella Lim Mei Hua Company Secretary 8 March 2018