CITIC Limited — Interim / Quarterly Report 2021

Oct 28, 2021

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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ANNOUNCEMENT

REPORT FOR THE THIRD QUARTER OF 2021 OF CHINA CITIC BANK CORPORATION LIMITED

This announcement is made by CITIC Limited (the “Company”) 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 Bank Announcement”) of today’s date made by China CITIC Bank Corporation Limited (“CITIC Bank”), a principal subsidiary of the Company, in relation to the unaudited consolidated results of CITIC Bank and its subsidiaries for the third quarter ended 30 September 2021. The CITIC Bank 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 Zhu Hexin Chairman

Hong Kong, 28 October 2021

As at the date of this announcement, the executive directors of the Company are Mr Zhu Hexin (Chairman), Mr Xi Guohua and Ms Li Qingping; the non-executive directors of the Company are Mr Song Kangle, Mr Liu Zhuyu, Mr Peng Yanxiang, Ms Yu Yang, Mr Liu Zhongyuan and Mr Yang Xiaoping; and the independent non-executive directors of the Company are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Mr Gregory Lynn Curl and Mr Toshikazu Tagawa.

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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(A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 998)

REPORT FOR THE THIRD QUARTER OF 2021

The board of directors (the “ Board of Directors ”) of China CITIC Bank Corporation Limited (the “ Bank ” or the “ Company ”) is pleased to announce the unaudited consolidated results of the Bank and its subsidiaries (collectively, the “ Group ”) for the third quarter ended 30 September 2021 (the “ reporting period ”), which have been prepared in accordance with the International Financial Reporting Standards (“ IFRS ”). This announcement is made in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

This report is made in Chinese and English. Should there be any discrepancies between the two versions, the Chinese version shall prevail.

IMPORTANT NOTICE

The Board of Directors, the Board of Supervisors, directors, supervisors and senior management members of the Bank guarantee that the information contained in the Report for the Third Quarter of 2021 of China CITIC Bank Corporation Limited (hereinafter referred to as the “ Report for the Third Quarter of 2021 ” or “ this report ”) does not contain any false records, misleading statements or material omissions, and assume several and joint liabilities for its truthfulness, accuracy and completeness.

Mr. Zhu Hexin as the Chairman and non-executive director of the Bank, Mr. Fang Heying as the Vice Chairman, executive director, President and Chief Financial Officer of the Bank, and Mr. Xue Fengqing as the head of the Finance and Accounting Department of the Bank hereby declare and guarantee the truthfulness, accuracy and completeness of the financial report contained in the Report for the Third Quarter of 2021.

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The financial statements contained in this report, which were prepared in accordance with the International Financial Reporting Standards (IFRS), are unaudited.

The term “the Bank” mentioned in the report refers to China CITIC Bank Corporation Limited and “the Group” refers to China CITIC Bank Corporation Limited and its subsidiaries.

For the purpose of this report, amounts are expressed in Renminbi (RMB) unless otherwise stated.

1. BASIC INFORMATION ON THE COMPANY

Secretary to the Board of Directors	Zhang Qing
Joint Company Secretaries	Zhang Qing, Kam Mei Ha Wendy (FCS, FCIS)
Office Address	6-30/F and 32-42/F, Building No. 1, 10 Guanghua Road, Chaoyang District, Beijing
Telephone Number/Fax Number for Investors	+86-10-66638188/+86-10-65559255
Email Address for Investors	ir@citicbank.com
Customer Service and Complaint Hotline	95558
Listing Venue, Stock Name and Stock Code	A-share Ordinary shares Shanghai Stock Exchange CNCB 601998 Preference shares Shanghai Stock Exchange CITIC Excellent 1 360025 Convertible corporate bonds Shanghai Stock Exchange CITIC Convertible Bonds 113021
	H-share Ordinary shares The Stock Exchange of Hong Kong Limited CITIC Bank 0998

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2. PRINCIPAL FINANCIAL DATA

2.1 Principal Accounting Data and Financial Indicators

Unit: RMB million

			Increase/
			(decrease)
			over the end
	30 September	31 December	of the previous
Item	2021	2020	year (%)
Total assets	7,893,015	7,511,161	5.08
Total loans and advances to
customers_(Note)_	4,750,405	4,473,307	6.19
Total liabilities	7,259,523	6,951,123	4.44
Total deposits from customers_(Note)_	4,695,428	4,528,399	3.69
Total equity attributable to the equity
holders of the Bank	613,757	544,573	12.70
Total equity attributable to the ordinary
shareholders of the Bank	498,812	469,625	6.21
Net asset per share attributable to the
ordinary shareholders of the Bank
(RMB/share)	10.19	9.60	6.15

Note: For the convenience of analysis, total loans and advances to customers and total deposits from customers mentioned in this section and “3.2 Quarterly Operating Results” did not include the corresponding interests.

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Unit: RMB million

		July-September		January-September
		2021 year-on-year		2021 year-on-year
	July-September	increase/decrease	January-September	increase/decrease
Item	2021	(%)	2021	(%)
Operating income	49,620	4.89	155,276	3.86
Profit before tax	14,835	10.65	49,758	12.69
Net profit attributable to the	12,725	11.85	41,756	13.10
equity holders of the Bank
Annualized return on average	0.65%	Up 0.02	0.74%	Up 0.03
assets		percentage point		percentage point
Annualized return on average	9.18%	Up 0.44	11.16%	Up 0.61
equity		percentage point		percentage point
Basic earnings per share	0.24	14.29	0.83	13.70
(RMB/share)
Diluted earnings per share	0.21	10.53	0.75	11.94
(RMB/share)
Net cash flows generated from	N/A	N/A	(22,581)	(144.84)
operating activities

2.2 Changes in the Group’s Major Accounting Data and Financial Indicators and Reasons

Items in the above-mentioned major accounting data and financial indicators that changed by more than 30% compared with the end of last year or the same period of last year and the reasons for the changes are as follows:

Unit: RMB million

Increase/ Decrease over the end of last January- year or the September same period of Item 2021 last year (%) Reasons for changes Net cash flows (22,581) (144.84) generated from operating activities

(144.84) Net cash outflows generated from operating activities were RMB22.581 billion, and the figure for the same period of last year was RMB50.354 billion of net cash inflows, mainly due to the decrease in cash inflows from deposits from customers.

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2.3 Note on Differences between the Financial Statements Respectively Prepared in accordance with the PRC Accounting Standards and the International Financial Reporting Standards

There is no difference between the net assets as at the end of September 2021 and the net profit for the reporting period of the Group calculated as per the PRC Accounting Standards and those of the Group calculated as per the International Financial Reporting Standards.

3. MANAGEMENT DISCUSSION AND ANALYSIS

3.1 Corporate Governance

During the reporting period, the Bank resolutely implemented national decisions and plans as well as regulatory requirements, adhered to the integration of strengthening Party leadership and improving corporate governance, and the corporate governance structure featuring “comprehensive leadership by the Party Committee, strategic decision-making by the Board of Directors, legal supervision by the Board of Supervisors, and implementation by the Management” functioned effectively. It intensified efforts in improving its governance system, enhanced its governance capabilities in an accelerated manner, and thereby comprehensively raised the governance efficiency and capabilities. As all directors, supervisors and senior management members faithfully, diligently and prudently performed their duties, the Bank saw its corporate governance continuously improving. As at the end of the reporting period, the Board of Directors of the Bank consisted of 10 members. During the reporting period, the Board of Directors held 3 meetings (1 on-site meeting and 2 meetings through correspondence) and 8 meetings of special committees of the Board of Directors. As at the end of the reporting period, the Board of Supervisors consisted of 8 members. During the reporting period, the Board of Supervisors held 2 meetings (both on-site meetings) and 1 meeting of the special committees of the Board of Supervisors. During the reporting period, the Bank held no general meeting. The meetings of the Board of Directors and the Board of Supervisors of the Bank were convened in compliance with the procedures set forth in the Articles of Association of the Bank.

3.2 Quarterly Operating Results

Performance Overview

In the first three quarters of 2021, in the face of complex and volatile internal and external situations, the Group resolutely implemented national decisions and plans as well as regulatory requirements. Focusing on high-quality and sustainable development, it stepped up efforts to support the real economy, actively pushed forward business transformation and made steady progress in operation and development.

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As at the end of the reporting period, the Group recorded total assets of RMB7,893.015 billion, up by 5.08% over the end of last year; total liabilities of RMB7,259.523 billion, up by 4.44% over the end of last year; total loans and advances to customers of RMB4,750.405 billion, up by 6.19% over the end of last year; and total deposits from customers of RMB4,695.428 billion, up by 3.69% over the end of last year.

From January to September 2021, the Group realized net profit attributable to the equity holders of the Bank of RMB41.756 billion, a year-on-year increase of 13.10%, of which RMB12.725 billion was realized in the third quarter; operating income of RMB155.276 billion, a year-on-year growth of 3.86%; net interest income[1] of RMB110.687 billion, down by 1.65% year on year; net interest margin of 2.06%, down by 0.21 percentage point year on year; and net non-interest income of RMB44.589 billion, up by 20.63% year on year.

Since 2021, the Group has fully anticipated and prepared for the changes in asset quality, taken targeted measures to prevent and mitigate risks, and continuously stepped up efforts to resolve problematic loans and dispose non-performing assets. Both of the balance and ratio of non-performing loans decreased compared with the end of the previous year, indicating stable asset quality. As at the end of the reporting period, the Group’s balance of non-performing loans recorded RMB70.357 billion, down by RMB3.095 billion over the end of the previous year; its non-performing loan ratio recorded 1.48%, down by 0.16 percentage point from the end of last year; its allowance coverage ratio stood at 184.60%, a rise of 12.92 percentage points over the end of the previous year; and its ratio of allowance for impairment of loans to total loans was 2.73%, down by 0.09 percentage point from the end of the previous year.

1 According to the Notice on Strictly Implementing the Accounting Standards for Business Enterprises and Strengthening the 2020 Annual Report Related Work of Enterprises (Finance and Accounting [2021] No,2) jointly issued by the MOF (Ministry of Finance), the State-owned Assets Supervision and Administration Commission of the State Council, the CBIRC and the CSRC, the Group reclassified the installment income of credit card-based consumption from fee income to interest income as of 2020, and financial indicators related to interest income and non-interest income during the comparable periods were restated.

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Business Overview

During the reporting period, the Bank actively responded to the complex and volatile internal and external situations, its corporate banking business vigorously advanced business transformation to support the real economy, and achieved substantial results in its operation and development. In terms of retail banking, the Bank adhered to customer-oriented and value-oriented operation, drove its capacity and system building through full-function wealth management, and strengthened customer relationship at settlement, investment, financing, services and activities, endeavoring to become a first choice for customers in wealth management business. The financial market business adhered to the light development path, actively studied and analyzed the market, continuously optimized the business structure and vigorously promoted integrated management of customers so as to accelerate the exploration of digital transformation, and achieve the sound development of various businesses.

As at the end of the reporting period, the Bank recorded a balance of corporate deposits of RMB3,598.190 billion, up by 4.48% over the end of the previous year; a balance of corporate loans (excluding discounted bills) of RMB2,081.498 billion, up by 5.39% over the end of the previous year; and total number of corporate customers of 896,600 corporate customers, up by 8.64% over the end of the previous year. The Bank recorded a balance of personal deposits of RMB823.527 billion, up by 0.18% over the end of the previous year; a balance of personal loans of RMB1,959.834 billion, up by 5.89% over the end of the previous year; and total number of personal customers of 117,343,500, up by 5.83% over the end of the previous year.

3.3 Capital Adequacy Ratio

The Group calculated and disclosed its capital adequacy ratios according to the Provisional Measures for Capital Management of Commercial Banks promulgated by the former China Banking Regulatory Commission (“CBRC”) (effective as of 1 January 2013). During the reporting period, the Group met the regulatory capital requirements. On the premise of meeting regulatory capital requirements, the Bank further set aside reserve capital, countercyclical capital and additional capital, of which the requirement on reserve capital was 2.5%, requirement on countercyclical capital was 0% and requirement on additional capital was 0%.

As at the end of the reporting period, the Group recorded a core tier-one capital adequacy ratio of 8.80%, up by 0.06 percentage point over the end of the previous year, a tier- one capital adequacy ratio of 10.89%, up by 0.71 percentage point from the end of the previous year, and a capital adequacy ratio of 13.63%, up by 0.62 percentage point from the end of the previous year. The Bank recorded a core tier-one capital adequacy ratio of 8.44%, down by 0.03 percentage point from the end of the previous year; a tier-one capital adequacy ratio of 10.63%, up by 0.66 percentage point over the end of the previous year; and a capital adequacy ratio of 13.51%, up by 0.56 percentage point over the end of the previous year.

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Unit: RMB million

						Increase/(decrease)	Increase/(decrease)
						over the end of the
	Regulatory	30 September 2021		31 December 2020		previous year (%)
Item	value	the Group	the Bank	the Group	the Bank	the Group	the	Bank
Net core tier-one capital	–	501,979	442,141	471,251	423,188	6.52		4.48
Net tier-one capital	–	620,995	557,086	548,961	498,136	13.12		11.83
Net capital	–	777,304	708,021	701,729	647,200	10.77		9.40
Including:
Minimum requirement on core tier-one capital	5.00%	285,119	261,939	269,662	249,870	5.73		4.83
Minimum requirement on tier-one capital	6.00%	342,143	314,327	323,595	299,844	5.73		4.83
Minimum requirement on capital	8.00%	456,191	419,103	431,460	399,792	5.73		4.83
Requirement on reserve capital	2.50%	142,560	130,970	134,831	124,935	5.73		4.83
Requirement on countercyclical capital	–	–	–	–	–	–		–
Requirement on additional capital	–	–	–	–	–	–		–
Total risk-weighted assets	–	5,702,385	5,238,787	5,393,248	4,997,401	5.73		4.83
Core tier-one capital adequacy ratio	≥7.50%	8.80%	8.44%	8.74%	8.47%	Up 0.06	Down 0.03
						percentage	percentage
						point		point
Tier-one capital adequacy ratio	≥8.50%	10.89%	10.63%	10.18%	9.97%	Up 0.71	Up 0.66
						percentage	percentage
						point		point
Capital adequacy ratio	≥10.50%	13.63%	13.51%	13.01%	12.95%	Up 0.62	Up 0.56
						percentage	percentage
						point		point

Note: Above data and information on capital adequacy of the Bank and the Group were calculated according to Provisional Measures for Capital Management of Commercial Banks (effective as of 1 January 2013). Since the third quarter of 2021, the Group has consolidated CITIC aiBank Corporation Limited in its capital (including capital adequacy, leverage ratio and liquidity coverage ratio of different levels).

3.4 Leverage Ratio

				Unit: RMB million	Unit: RMB million
	Regulatory	30 September	30 June	31 March	31 December
Item	value	2021	2021	2021	2020
Leverage ratio	≥4%	6.76%	6.69%	6.33%	6.40%
Net tier-one capital	–	620,995	605,695	565,071	548,961
Adjusted balance of on- and off-balance
sheet assets	–	9,186,077	9,048,165	8,925,959	8,582,636

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3.5 Liquidity Coverage Ratio

Unit: RMB million

	Regulatory	30 September	31 December
Item	value	2021	2020
Liquidity coverage ratio	≥100.00%	133.21%	135.14%
Eligible premium liquid assets	–	895,815	823,822
Net cash outflow in the coming 30 days	–	672,493	609,593

3.6 Risk Management

During the reporting period, the Bank vigorously implemented the decisions and plans of the CPC Central Committee and the State Council. In light of the direction of industrial and trade restructuring, the Bank allocated credit resources to key areas and weak links in line with national strategies and enjoying promising market prospects. It increased the proportion of credits granted to green fields such as energy conservation and environmental protection and clean energy, strengthened the management of projects in fields with high energy consumption and high emissions, and properly controlled the industry development trends and “entry and exit” pace. It continued to strengthen credit support for the manufacturing industry, private enterprises, and micro, small and medium enterprises, and further improved the credit structure by seizing business opportunities in high-tech industries, emerging industries, medical and health care and other fields. Meanwhile, the Bank enhanced the initiative and targeted risk management, and continuously strengthened risk prevention and control in key areas. It resolutely implemented the real estate control policy, adopted classified and differential management of real estate enterprises, and advanced credit concentration risk control as scheduled. It strengthened credit card customer access management and the iteration of risk control models, carried out systematic re-inspection of personal loans and agency sales business, and took various measures to prevent and mitigate risks. Furthermore, the Bank accelerated the improvement of digital risk control, upgraded the comprehensive and intelligent risk management platform, pressed ahead with the business application of unified risk view, and strengthened the risk control of online business. It built the customer early warning model with big data + AI as the core, helping realize the early detection, early warning and early exit of risky customers. The Bank will continue to build a risk management system in which risks can be put under control and development can be boosted, consolidate the trend of improving asset quality, and safeguard its high-quality and sustainable development.

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3.7 Asset Quality

	30 September	31 December
Item	2021	2020
Non-performing loan ratio	1.48%	1.64%
Allowance coverage ratio	184.60%	171.68%
The ratio of allowance for impairment
of loans to total loans	2.73%	2.82%

4. SHAREHOLDER INFORMATION

• 4.1 Total Number of Ordinary Shareholders and Number of Preference Shareholders with Restored Voting Rights and Shareholdings of Top Ten Shareholders as at the End of the Reporting Period

Total number of ordinary shareholders (account) 167,015 Including: A-share ordinary shareholders (account) 139,161 H-share ordinary shareholders (account) 27,854

Shareholdings of Top Ten Ordinary Shareholders

Shareholdings of Top Ten Ordinary Shareholders
Name of shareholder Nature of shareholder Class of shares Number of shares held at the end of the period (share) Shareholding percentage (%) Number of shares subject to restrictions on sale CITIC Corporation Limited State-owned legal person A share, H share 31,988,728,773 65.37 None Hong Kong Securities Clearing Company Nominees Limited Overseas legal person H share 11,551,651,143 23.61 None China National Tobacco Corporation State-owned legal person A share 2,147,469,539 4.39 None China Securities Finance Corporation Limited State-owned legal person A share 1,018,941,677 2.08 None Central Huijin Asset Management Ltd. State-owned legal person A share 272,838,300 0.56 None China Construction Bank Corporation State-owned legal person H share 168,599,268 0.34 None Hong Kong Securities Clearing Company Limited Overseas legal person A share 83,763,094 0.17 None China Everbright Bank Company Limited – Aegon-Industrial Commercial Mode Preferred Hybrid Securities Investment Fund (LOF) Other A share 45,386,034 0.09 None China Merchants Bank Co., Ltd. – SSE Dividend Traded Open-ended Index Securities Investment Fund Other A share 37,735,849 0.08 None Hebei Construction & Investment Xiongan Construction & Development Co., Ltd. State-owned legal person A share 31,034,400 0.06 None	Shares pledged/ frozen/marked
	Status Quantity None – Unknown – None – None – None – None – None – None – None – None –

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Notes:

• (1) The Bank had no preference shareholders with voting rights restored. The shares of the Bank held by the above shareholders are not subject to restrictions on sale.

• (2) Except for CITIC Corporation Limited and Hong Kong Securities Clearing Company Nominees Limited, the shareholdings of A-share holders and H-share holders in the table above were calculated based on the Bank’s share registers respectively maintained with China Securities Depository and Clearing Corporation Limited Shanghai Branch and Computershare Hong Kong Investor Services Limited.

• (3) Hong Kong Securities Clearing Company Nominees Limited is a wholly-owned subsidiary of Hong Kong Securities Clearing Company Limited. The total number of shares held by Hong Kong Securities Clearing Company Nominees Limited is the aggregate number of H shares it held in its capacity as nominee on behalf of all institutional (except for CITIC Corporation Limited) and individual investors registered with the company as at the end of the reporting period. Hong Kong Securities Clearing Company Limited is an institution that is designated by others to hold shares, including the Shanghai Stock Connect shares held by Hong Kong and overseas investors, on behalf of others in its capacity as nominee shareholder.

• (4) CITIC Corporation Limited is a wholly-owned subsidiary of CITIC Limited. CITIC Corporation Limited confirmed that as at the end of the reporting period, CITIC Limited and its subsidiaries (including CITIC Corporation Limited) together owned 32,284,227,773 shares of the Bank, accounting for 65.97% of the Bank’s total shares, including 28,938,928,294 A shares and 3,345,299,479 H shares. CITIC Corporation Limited directly owned 31,988,728,773 shares of the Bank, accounting for 65.37% of the Bank’s total shares, including 28,938,928,294 A shares and 3,049,800,479 H shares.

• (5) Summit Idea Limited confirmed that, as at the end of the reporting period, it held via Hong Kong Securities Clearing Company Nominees Limited 2,292,579,000 H shares of the Bank, accounting for 4.685% of the Bank’s total shares. Summit Idea Limited is a wholly-owned affiliate of Xinhu Zhongbao Co., Ltd. (“ Xinhu Zhongbao ”). In addition to the afore-mentioned stake, Hong Kong Xinhu Investment Co., Ltd., a wholly-owned subsidiary of Xinhu Zhongbao, also owned 153,686,000 H shares of the Bank via Hong Kong Securities Clearing Company Nominees Limited, taking up 0.314% of the Bank’s total shares.

• (6) Note on related relations or concerted actions between ordinary shareholders listed in the above table: Hong Kong Securities Clearing Company Nominees Limited is a wholly-owned subsidiary of Hong Kong Securities Clearing Company Limited. According to the Half-Year Report 2021 of China Construction Bank Corporation, as at 30 June 2021, Central Huijin Investment Ltd. and its whollyowned subsidiary Central Huijin Asset Management Ltd. together owned 57.31% equity of China Construction Bank Corporation. Except for these, the Bank was not aware of any related relations or concerted actions between the shareholders listed in the above table.

• (7) As far as the Bank was aware, as at the end of the reporting period, none of the shareholders listed in the above table participated in margin trading and short selling as well as securities financing.

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4.2 Total Number of Preference Shareholders and Shareholdings of Top 10 Preference Shareholders as at the End of the Reporting Period

Total number of preference shareholders at the end of the reporting period (account)

34

Shareholdings of Top 10 Preference Shareholders

Shareholdings of Top 10 Preference Shareholders
Name of shareholder Nature of shareholder Number of shares held (share) Shareholding percentage (%) Number of shares subject to restrictions on sale China Mobile Communications Group Co., Ltd. State-owned legal person 43,860,000 12.53 – China Life Insurance Company Limited – Dividend – Individual Dividend – 005L – FH002 Shanghai Other 38,430,000 10.98 – China Life Insurance Company Limited – Traditional – Ordinary Insurance Products – 005L – CT001 Shanghai Other 38,400,000 10.97 – Ping An Life Insurance Company of China, Ltd. – Universal – Individual Universal Insurance Other 30,700,000 8.77 – Ping An Life Insurance Company of China, Ltd. – Dividend – Dividends for Individual Insurance Other 30,700,000 8.77 – BOCOM Schroder Asset Management – BOCOM – BOCOM Schroder Asset Management Excellence No. 2 Collective Asset Management Plan Other 25,700,000 7.34 – Aegon-Industrial Ruizhong Assets – Ping An Bank – Ping An Bank Co., Ltd. Other 15,350,000 4.39 – CITIC Securities – SPD Bank – CITIC Securities Star No. 43 Collective Asset Management Plan Other 11,930,000 3.41 – TruValue Asset Management – China Merchants Bank – China Merchants Bank Co., Ltd. Other 10,960,000 3.13 – TruValue Asset Management – SPD Bank – TruValue Stable Wealth No. 2 Collective Asset Management Plan Other 10,000,000 2.86 –	Shares pledged/ frozen/marked
	Status Quantity – – – – – – – – – – – – – – – – – – – –

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Notes:

• (1) The shareholdings of the preference shareholders were calculated based on the information contained in the preference-share register of the Bank.

• (2) Note on related relations or concerted actions of the above preference shareholders: Based on publicly available information, the Bank came to the preliminary conclusion that there was related relation between China Life Insurance Company Limited – Dividend – Individual Dividend – 005L – FH002 Shanghai and China Life Insurance Company Limited – Traditional – Ordinary Insurance Products – 005L – CT001 Shanghai, between Ping An Life Insurance Company of China, Ltd. – Universal – Individual Universal Insurance and Ping An Life Insurance Company of China, Ltd. – Dividend – Dividends for Individual Insurance, between CITIC Securities – SPD Bank – CITIC Securities Star No. 43 Collective Asset Management Plan and TruValue Asset Management – SPD Bank – TruValue Stable Wealth No. 2 Collective Asset Management Plan, and between TruValue Asset Management – China Merchants Bank – China Merchants Bank Co., Ltd. and TruValue Asset Management – SPD Bank – TruValue Stable Wealth No. 2 Collective Asset Management Plan. Except for these, the Bank was not aware of any related relation or concerted action between the above-mentioned preference shareholders or between the above-mentioned preference shareholders and the top 10 ordinary shareholders.

• (3) “Shareholding percentage” means the ratio of preference shares held by preference shareholders accounting for in the total issued preference shares.

5. OTHER IMPORTANT EVENTS

None.

Appendix Financial Statements

See the appendix.

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China CITIC Bank Corporation Limited

Consolidated Statement of Profit or Loss and Other Comprehensive Income

For the Period of Nine Months Ended 30 September 2021

(Amounts in millions of Renminbi, unless otherwise stated)

Interest income Interest expense Net interest income Fee and commission income Fee and commission expense Net fee and commission income Net trading gains Net gains from investment securities Net hedging loss Other net operating income Operating income Operating expenses Operating profit before impairment Impairment losses on credit Impairment losses on other assets Net revaluation gain/(loss) on investment properties Share of gain/(loss) of associates and joint ventures Profit before tax Income tax expense Profit for the period Profit attributable to: Equity holders of the Bank Non-controlling interests	January- September 2021 Unaudited 228,687 (118,000) 110,687 31,115 (3,369) 27,746 4,160 12,117 – 566 155,276 (39,220) 116,056 (66,370) (42) 22 92 49,758 (7,398) 42,360 41,756 604	January- September 2020 Unaudited 223,713 (111,168) 112,545 26,728 (3,675) 23,053 3,177 10,264 (1) 469 149,507 (36,056) 113,451 (68,677) (539) (33) (49) 44,153 (6,790) 37,363 36,918 445

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Other comprehensive income, net of tax: i. Items that cannot be reclassified into profit or loss – Fa ir value changes on financial assets designated to be measured at fair value through other comprehensive income – Others ii. Items to be reclassified into profit or loss – Ot her comprehensive income transferable to profit or loss under equity method – Fa ir value changes on financial assets measured at fair value through other comprehensive income – Im pairment allowances on financial assets measured at fair value through other comprehensive income – Exchange difference on translating foreign operations Other comprehensive income, net of tax Total comprehensive income Total comprehensive income attributable to: Equity holders of the Bank Non-controlling interests Earnings per share attributable to the ordinary shareholders of the Bank: Basic earnings per share (RMB yuan) Diluted earnings per share (RMB yuan)	January- September 2021 Unaudited (19) – 3 2,709 (695) (853) 1,145 43,505 42,946 559 0.83 0.75	January- September 2020 Unaudited (43) 52 (3) (6,771) 576 (879) (7,068) 30,295 29,778 517 0.73 0.67

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China CITIC Bank Corporation Limited Consolidated Statement of Financial Position

30 September 2021

(Amounts in millions of Renminbi)

Assets Cash and balances with central banks Deposits with and loans to banks and non-bank financial institutions Precious metals Placements with banks and non-bank financial institutions Derivative financial assets Financial assets held under resale agreements Loans and advances to customers Financial investments – measured at fair value through profit or loss – measured at amortized cost – me asured at fair value through other comprehensive income – de signated to be measured at fair value through other comprehensive income Investment in associates and joint ventures Investment properties Property, plant and equipment Right-of-use assets Intangible assets Goodwill Deferred tax assets Other assets Total assets Liabilities Borrowings from central banks Deposits from banks and non-bank financial institutions Placements from banks and non-bank financial institutions Financial liabilities measured at fair value through profit or loss Derivative financial liabilities Financial assets sold under repurchase agreements Deposits from customers Accrued staff costs Taxes payable Issued debt certificates Lease liabilities Provisions Deferred tax liabilities Other liabilities Total liabilities	30 September 2021 Unaudited 433,550 106,247 5,701 200,375 19,835 43,943 4,634,101 2,264,860 455,443 1,122,473 682,726 4,218 5,656 402 32,973 10,700 2,264 846 48,695 82,867 7,893,015 222,136 1,109,663 92,353 3,435 18,996 75,805 4,745,480 18,248 12,600 892,357 9,955 11,697 9 46,789 7,259,523	31 December 2020 Audited 435,169 133,392 6,274 168,380 40,064 111,110 4,360,196 2,092,732 405,632 959,416 724,124 3,560 5,674 386 33,868 11,556 2,544 860 41,913 67,043 7,511,161 224,391 1,163,641 57,756 8,654 39,809 75,271 4,572,286 20,333 8,411 732,958 10,504 7,208 11 29,890 6,951,123

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Equity Share capital Other equity instruments Capital reserve Other comprehensive income Surplus reserve General reserve Retained earnings Total equity attributable to the equity holders of the Bank Non-controlling interests Total equity Total liabilities and equity	30 September 2021 Unaudited 48,935 118,080 59,216 1,299 43,786 90,858 251,583 613,757 19,735 633,492 7,893,015	31 December 2020 Audited 48,935 78,083 59,216 109 43,786 90,819 223,625 544,573 15,465 560,038 7,511,161

Approved and authorized for issue by the Board of Directors on 28 October 2021.

Zhu Hexin

Chairman and Non-Executive Director

Fang Heying

Vice Chairman, Executive Director, President and Chief Financial Officer

Xue Fengqing

Person in charge of the Finance and Accounting Department

(Company Seal)

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China CITIC Bank Corporation Limited Consolidated Statement of Cash Flows

For the Period of Nine Months Ended 30 September 2021

(Amounts in millions of Renminbi)

Operating activities Profit before tax Adjustments for: – Revaluation gain on investments, derivatives and investment properties – Net investment gain – Net gain from disposal of fixed assets, intangible assets and other assets – Unrealised foreign exchange (gain)/loss – Impairment losses on credit – Impairment losses on other assets – Depreciation and amortization – Interest expense on debt certificates issued – Dividend income from equity investment – Depreciation of right-of-use assets and interest expense on lease liabilities – Income tax paid Subtotal Changes in operating assets and liabilities: Increase in balances with central banks (Increase)/decrease in deposits with banks and non-bank financial institutions Increase in placements with and loans to banks and non-bank financial institutions Increase in financial assets measured at fair value through profit or loss for the current period Decrease/(increase) in financial assets held under resale agreements Increase in loans and advances to customers Decrease in borrowings from central banks (Decrease)/increase in deposits from banks and non-bank financial institutions Increase/(decrease) in placements from banks and non-bank financial institutions (Decrease)/increase in financial liabilities measured at fair value through profit or loss for the current period Decrease in financial assets sold under repurchase agreements Increase in deposits from customers Increase in other operating assets Increase/(decrease) in other operating liabilities	January- September 2021 Unaudited 49,758 (3,445) (8,136) (13) (1,357) 66,370 42 2,551 19,885 (42) 2,727 (11,451) 116,889 (1,010) (9,928) (18,502) (5,465) 67,156 (311,341) (4,983) (55,809) 34,742 (2,461) 538 171,473 (17,059) 13,179	January- September 2020 Unaudited 44,153 (964) (9,103) (10) 431 68,677 539 2,106 16,020 (15) 2,853 (14,940) 109,747 (11,150) 34,248 (23,333) (30,791) (39,149) (395,410) (113,874) 64,903 (4,576) 3,311 8,499 457,926 (7,878) (2,119)

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Subtotal Net cash flow generated from operating activities Investing activities Proceeds from disposal and redemption of investments Proceeds from disposal of property, plant and equipment, land use rights and other assets Cash received from equity investment income Payments on acquisition of investments Payments on acquisition of property, plant and equipment, land use rights and other assets Net cash flow generated from investing activities Financing activities Cash received from debt securities issued Cash received from other equity instruments issued Cash paid for redemption of debt securities issued Interest paid on debt securities issued Dividends paid Payments on principal and interest of lease liabilities Net cash flow generated from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents as at 1 January Effect of exchange rate changes on cash and cash equivalents Cash and cash equivalents as at 30 September Cash flows from operating activities include: Interest received Interest paid, excluding interest paid for issued debt certificates	January- September 2021 Unaudited (139,470) (22,581) 2,349,054 54 259 (2,519,928) (1,274) (171,835) 664,486 43,888 (504,721) (20,144) (12,620) (2,472) 168,417 (25,999) 319,566 (2,472) 291,095 241,673 (87,122)	January- September 2020 Unaudited (59,393) 50,354 1,699,958 121 477 (1,886,347) (1,994) (187,785) 563,679 – (430,717) (17,095) (11,896) (2,180) 101,791 (35,640) 342,449 (2,509) 304,300 229,578 (89,822)

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By order of the Board of China CITIC Bank Corporation Limited Zhu Hexin

Chairman

Beijing, the PRC 28 October 2021

As at the date of this announcement, the non-executive directors of the Bank are Mr. Zhu Hexin (Chairman), Mr. Cao Guoqiang, Ms. Huang Fang and Mr. Wang Yankang; the executive directors are Mr. Fang Heying (Vice Chairman, President) and Mr. Guo Danghuai; and the independent non-executive directors are Mr. He Cao, Ms. Chen Lihua, Mr. Qian Jun and Mr. Yan Lap Kei Isaac.

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