CITIC Limited — Earnings Release 2025

Jan 14, 2026

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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.

ANNOUNCEMENT

PRELIMINARY FINANCIAL DATA FOR THE YEAR 2025 OF CITIC SECURITIES COMPANY LIMITED

This announcement is made by CITIC Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Company notes the announcement (the "CITIC Securities Announcement") of today's date made by CITIC Securities Company Limited ("CITIC Securities"), a subsidiary of the Company whose operating performance and financial position are consolidated into the financial statements of the Group, in relation to the preliminary financial data for the year 2025. The CITIC Securities Announcement is available on the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and is set out at the end of this announcement.

By Order of the Board CITIC Limited Xi Guohua Chairman

Hong Kong, 14 January 2026

As at the date of this announcement, the executive directors of the Company are Mr. Xi Guohua (Chairman), Mr. Zhang Wenwu, Mr. Liu Zhengjun and Mr. Wang Guoquan; the non-executive directors of the Company are Ms. Li Yi, Mr. Yue Xuekun, Mr. Yang Xiaoping and Mr. Li Zimin; and the independent non-executive directors of the Company are Mr. Anthony Francis Neoh, Mr. Francis Siu Wai Keung, Dr. Xu Jinwu, Mr. Gregory Lynn Curl, Mr. Toshikazu Tagawa and Mr. Chen Yuyu.

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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.

(A joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code: 6030)

PRELIMINARY FINANCIAL DATA FOR THE YEAR 2025

This announcement is made pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Listing Rules.

The principal financial data and indicators of CITIC Securities Company Limited (the "Company") for the year 2025 as set out in this announcement are preliminary accounting data based on the China Accounting Standards for Business Enterprises, and have not been audited by the reporting accountants. The final figures will be subject to the disclosures in the 2025 annual report of the Company. Investors are advised to exercise caution when dealing in the shares of the Company.

I. PRINCIPAL FINANCIAL DATA AND INDICATORS OF THE COMPANY FOR THE YEAR 2025 (CONSOLIDATED, UNAUDITED)

Unit: In RMB million

	For the year ended 31 December 2025	For the year ended 31 December 2024		Change (%)
Items
		Before adjustment	After adjustment	After adjustment
Operating revenue	74,830	63,789	58,119	28.75
Operating profit	40,140	28,506	28,506	40.81
Profit before income tax	39,788	28,418	28,418	40.01
Net profit attributable to owners of the parent	30,051	21,704	21,704	38.46
Net profit attributable to owners of the parent
excluding extraordinary gains and losses	30,287	21,566	21,566	40.44
Basic earnings per share (RMB)	1.96	1.41	1.41	39.01
				Increased by 2.49
Return on weighted average equity (%)	10.58	8.09	8.09	percentage points

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	As at 31 December	As at 31 December
Items	2025	2024	Change (%)
Total assets	2,083,534	1,710,711	21.79
Equity attributable to owners of the
parent	319,905	293,109	9.14
Total share capital	14,821	14,821	–
Net assets per share attributable to
Note 1 owners of the parent (RMB)	21.58	19.78	9.10

Note 1: The net assets per share attributable to owners of the parent as at 31 December 2025 as set out in the table above included the perpetual bonds issued by the Company, after deducting the effect of which, the net assets per share attributable to owners of ordinary shares of the parent as at 31 December 2025 were RMB19.00 (31 December 2024: RMB17.70).

Note 2: According to the Questions & Answers on the Implementation of Accounting Treatment Related to Standard Warehouse Receipt Transactions (標準倉單交易相關會計處理實施問答) and the Notice on Strictly Implementing the Accounting Standards for Business Enterprises and Strengthening the 2025 Annual Report Related Work of Enterprises 《關於嚴格執行企業會計 ( 準則 切實做好企業2025年年報工作的通知》) issued by the Ministry of Finance of the People's Republic of China, the Company has implemented the relevant regulations since 1 January 2025, and has made retrospective adjustments to the 2024 financial statements by adopting the retrospective adjustment method. This retrospective adjustment has no impact on neither the profit before income tax and net profit for each period of the 2024 fiscal year, nor the balance sheet.

II. EXPLANATION ON THE OPERATING RESULTS AND FINANCIAL POSITION

In 2025, the Company actively integrated itself into the broader landscape of economic and social development, keeping in mind the top priorities of the nation. It proactively served major national strategies, accelerated the building of a world-class investment bank and investment institution, and pursued excellence in advancing the "Five Major Articles" in finance. The Company maintained steady business growth and achieved solid development across all business lines. In 2025, the Company recorded operating revenue of RMB74.830 billion and a net profit attributable to owners of the parent of RMB30.051 billion.

Main reasons for the change of over 30% in the items listed above: In 2025, China's domestic capital markets showed an overall upward trend, with significantly higher trading activity and stronger investor confidence. Major A-share indices all recorded gains. The Company actively seized market opportunities and steadily expanded its client base, achieving rapid revenue growth across brokerage, investment banking, principal businesses, etc. At the same time, the Company continued to advance its international strategy, deepened its cross-border service

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capabilities, and, supported by the strong performance of the Hong Kong market, achieved robust growth in overseas revenue. As a result of the above-mentioned reasons, the Company's operating profit and other indicators recorded significant increase in 2025.

III. RISK WARNING

The principal financial data of the Company for the year 2025 as set out in this announcement is preliminary accounting data based on the China Accounting Standards for Business Enterprises and has not been audited by the reporting accountants, which may be different from the data to be disclosed in the 2025 annual report of the Company. The final figures will be subject to the disclosures in the 2025 annual report. Investors are advised to exercise caution when dealing in the shares of the Company. There are no any material uncertainties affecting the accuracy of the content of this preliminary financial data.

IV. DOCUMENTS AVAILABLE FOR INSPECTION

The balance sheet and income statement of the Company signed and sealed by Mr. ZHANG Youjun, Head of the Company, Mr. ZHANG Hao, Chief Financial Officer, and Ms. XI Zhiying, Head of the Accounting Department, are available for inspection.

By order of the Board CITIC Securities Company Limited ZHANG Youjun Chairman

Beijing, the PRC 14 January 2026

As at the date of this announcement, Executive Directors of the Company are Mr. ZHANG Youjun, Mr. ZOU Yingguang and Mr. ZHANG Changyi; Non-executive Directors of the Company are Ms. LI Yi, Mr. LIANG Dan, Mr. ZHANG Xuejun, Ms. FU Linfang and Mr. ZHAO Xianxin; Independent Non-executive Directors of the Company are Mr. LI Qing, Mr. SHI Qingchun, Mr. ZHANG Jianhua, Mr. LIU Qiao and Ms. LI Lanbing; and Employee Director of the Company is Mr. SHI Liang.