CITIC Limited — M&A Activity 2017

Aug 4, 2017

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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VOLUNTARY ANNOUNCEMENT

COMPLETION OF ACQUIRING A CONTROLLING INTEREST IN MCDONALD’S MAINLAND CHINA AND HONG KONG BUSINESSES

This is a voluntary announcement made by CITIC Limited (the “ Company ” or “ CITIC ”).

Reference is made to the voluntary announcement of the Company dated 9 January 2017, when CITIC, CITIC Capital China Partners III, L.P. and Carlyle Asia Partners IV, L.P. proposed to acquire a controlling interest in McDonald’s mainland China and Hong Kong businesses (the “ Acquisition ”) through Grand Foods Investment Holdings Limited (being an indirect non-wholly-owned subsidiary of the Company).

The board of directors of the Company is pleased to announce that all conditions precedent had been fulfilled and the Acquisition was completed on 31 July 2017 after having obtained regulatory approval, creating the largest McDonald’s franchise outside the United States. The partnership encompasses approximately McDonald’s 2,700 restaurants in the markets of mainland China and Hong Kong.

About McDonald's China

McDonald’s opened its first restaurant in mainland China in 1990. Currently, China is the third largest and the fastest growing market in McDonald’s global system. By the end of 2016, McDonald’s mainland China has over 2,400 restaurants, with more than 120,000 employees. In 2016, McDonald’s served over 1 billion customers in mainland China.

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About McDonald's Hong Kong

The first McDonald's restaurant in Hong Kong opened in 1975. Today there are about 240 McDonald's restaurants in Hong Kong and more than 15,000 McDonald's employees, serving more than one million customers each day.

By Order of the Board of CITIC Limited Chang Zhenming Chairman

Hong Kong, 4 August 2017

As at the date of this announcement, the executive directors of the Company are Mr Chang Zhenming (Chairman), Mr Wang Jiong, Ms Li Qingping and Mr Pu Jian; the non-executive directors of the Company are Mr Liu Yeqiao, Mr Song Kangle, Ms Yan Shuqin, 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, Ms Lee Boo Jin, Mr Noriharu Fujita and Mr Paul Chow Man Yiu.

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