CITIC Limited — Interim / Quarterly Report 2010

Aug 17, 2010

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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(Incorporated in Hong Kong with limited liability) (Stock Code: 267)

DAYE SPECIAL STEEL CO., LTD. A SUBSIDIARY OF CITIC PACIFIC LIMITED ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2010

This Announcement is made by CITIC Pacific Limited (“CITIC Pacific”) pursuant to the requirements of Rule 13.09 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited to provide shareholders of CITIC Pacific and the public with the unaudited financial results of Daye Special Steel Co., Ltd. (“Daye”), for the six months ended 30 June 2010.

SUMMARY

Daye, a subsidiary of CITIC Pacific, is a company incorporated in the People’s Republic of China (“PRC”) whose shares are listed on the Shenzhen Stock Exchange. CITIC Pacific has a 58.13% attributable interest in Daye. On 15 August 2010, the board of directors of Daye has approved the unaudited financial statements for the six months ended 30 June 2010. Daye’s unaudited financial results will be posted on the Shenzhen Stock Exchange’s website on 17 August 2010.

Daye, a subsidiary of CITIC Pacific, is a company incorporated in the PRC whose shares are listed on the Shenzhen Stock Exchange. CITIC Pacific has a 58.13% attributable interest in Daye. On 15 August 2010, the board of directors of Daye has approved the unaudited financial statements for the six months ended 30 June 2010. Daye’s unaudited financial results will be posted on the Shenzhen Stock Exchange’s website on 17 August 2010. The unaudited financial statements have been prepared in conformity with “Accounting Standards for Business Enterprises” of the PRC. The Profit and Loss Account for the six months ended 30 June 2010 and the Balance Sheet as at 30 June 2010 of Daye are provided below : -

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DAYE SPECIAL STEEL CO., LTD.

PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 JUNE 2010 – UNAUDITED

		2010	2009
		RMB	RMB
1. Operating Income		3,854,775,317	2,465,185,771
Less:	Operating costs	3,379,967,860	2,218,802,013
	Operating taxes and surcharges	175,681	455,327
	Selling expenses	63,913,817	20,888,023
	General and administrative expenses	76,401,144	40,535,448
	Financial expenses	6,770,897	7,710,160
	Impairment loss of assets	-	48,948,408
Add:	Gain on change in fair value
	(“-” indicate loss)
	Investment income (“-” indicate loss)
	(including: investment income on
	associated companies and joint ventures)
2. Operating Profit		327,545,918	127,846,392
Add:	Non-operating income	8,824,908	2,846,127
Less:	Non-operating expenses	1,263,922	2,660,293
	(including: loss on disposal of
	non-current assets)	81,322	2,076,556
3. Profit	before Tax	335,106,904	128,032,226
Less:	Income tax	41,888,363	16,004,028
4. Net Profit		293,218,541	112,028,198
5. Earnings per share
Earnings per share - basic		0.65	0.25
Earnings per share - diluted		0.65	0.25

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BALANCE SHEET AS AT 30 JUNE 2010

	NCE SHEET AS AT 30 JUNE 2010	NCE SHEET AS AT 30 JUNE 2010	NCE SHEET AS AT 30 JUNE 2010
	Unaudited30 June2010Audited31 December2009
ASSETSCurrent AssetsNon-current AssetsTotal AssetsLIABILITIES AND SHAREHOLDERS’ EQUITYCurrent LiabilitiesNon-current LiabilitiesTotal LiabilitiesShareholders’ EquityShare CapitalCapital ReserveLess: Treasury SharesSurplus ReserveRetained ProfitTotal Shareholders’ EquityTotal Liabilities and Shareholders’ Equity		Unaudited30 June2010	Audited31 December2009
		RMB2,002,375,3002,061,634,9834,064,010,2831,745,796,20747,898,741 1,793,694,948-----------------449,408,480485,653,274-169,926,0991,165,327,4822,270,315,3354,064,010,283	RMB1,865,385,8501,918,119,280
			3,783,505,130
			1,699,347,421 39,649,643
			1,738,997,064-----------------449,408,480485,653,274-169,926,099939,520,2132,044,508,066
			3,783,505,130

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GENERAL

Shareholders should note that the above unaudited financial results pertain only to Daye and not to CITIC Pacific itself.

Daye’s Half-Year Report 2010, Summary Half-Year Report 2010 and other relevant information can be found on the Shenzhen Stock Exchange’s website (http://www.szse.cn).

By order of the Board CITIC Pacific Limited Ricky Choy Wing Kay Company Secretary

Hong Kong, 17 August 2010

As at the date hereof, the executive directors of CITIC Pacific are Messrs Chang Zhenming (Chairman), Zhang Jijing, Carl Yung Ming Jie, Vernon Francis Moore, Li Shilin, Liu Jifu, Milton Law Ming To, Wang Ande and Kwok Man Leung; the non-executive directors of CITIC Pacific are Messrs Willie Chang, André Desmarais, Ju Weimin, Yin Ke and Peter Kruyt (alternate director to Mr André Desmarais); and the independent non-executive directors of CITIC Pacific are Messrs Alexander Reid Hamilton, Hansen Loh Chung Hon and Norman Ho Hau Chong.

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