CITIC Limited — Regulatory Filings 2017

Nov 3, 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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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 3 November 2017:-

Response to SGX in relation to the CITIC Envirotech Ltd.’s announcement dated 31 October 2017

Hong Kong, 3 November 2017

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.

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CITIC ENVIROTECH LTD

(Company Registration Number: 200306466G)

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RESPONSE TO SGX IN RELATION TO THE COMPANY’S ANNOUNCEMENT DATED 31 OCTOBER 2017

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The Board of Directors (the” Board”) of CITIC Envirotech Ltd (“CEL”, the “Company” or “Group”) wishes to respond to the queries raised by SGX in relation to the Company’s announcement dated 31 October 2017, titled “CITIC Envirotech Secured a RMB 4.6 Billion project in Lanzhou City, Gansu Province, China”.

SGX query 1

Please disclose the breakdown of the RMB 4.6 billion Public Private Partnership project (“PPP”) and the Engineering Procurement and Construction (“EPC”) project in Lanzhou.

Company’s response

		Breakdown of ProjectAmount
	Public-Private-Partnership (“PPP”) ProjectThe project involves the investment, upgrading andexpansion of an existing conventional 200,000 m3/daymunicipal wastewater treatment plant (“WWTP”) into a400,000 m3/day underground WWTP using CEL’sproprietary Membrane Bioreactor (“MBR”) technology	RMB 2.6 billion
	Ancillary ServicesTo construct wastewater treatment facilities and pipingnetwork in thirteen townships within Lanzhou City	RMB 0.2 billion
	Engineering Procurement and Construction (“EPC”)ProjectThe land remediation project involves the provision ofland clean-up services as well as the planning, designingand implementation of an ecological environmentalsystem for about 124,000 m2of land located in AnningDistrict of Lanzhou City	RMB 1.8 billion
	Total	RMB 4.6 billion

SGX query 2

Please disclose the entity(s) involved in the PPP and EPC with the Company. The Company should also disclose the duties of (i) the Company; and (ii) each of the other entity(s), in the PPP and EPC.

Company’s response

The PPP was awarded to CEL by the Lanzhou Urban and Rural Construction Bureau. CEL undertakes to complete the project for the Lanzhou Urban and Rural Construction Bureau within 2 years.

The EPC project was awarded to CEL by the Lanzhou City Anning District Municipal Government. A joint-venture company will be set-up between CEL, the municipal government and China Vanke Co., Ltd, with shareholdings of 65%, 5% and 30% respectively, to undertake this project. CEL’s wholly-own subsidiary will undertake the entire RMB 1.8 billion EPC project.

SGX query 3

Please disclose the Company’s committed financial contribution to the PPP and EPC. Specifically, the Company should detail the types of contributions and its corresponding amount.

Company’s response

The Company’s committed financial contribution to the PPP is at an investment amount of RMB 2.8 billion. The Company’s committed financial contribution to the EPC is RMB 1.17 billion, based on CEL’s shareholding of 65% in the joint-venture company.

SGX query 4

Please disclose the value of the “ancillary services” provided by CEL to construct the “wastewater treatment facilities and piping network” and whether it is a part of the RMB 4.6 billion highlighted in the Announcement.

Company’s response

The value of the “ancillary services” provided by CEL to construct the “wastewater treatment facilities and piping network” is RMB 0.2 billion. It is part of the RMB 4.6 billion highlighted in the Announcement.

SGX query 5

Please disclose whether there was any additional capital contribution by the Company for the tender and award of the PPP.

Company’s response

No additional capital contribution was made by the Company for the tender and award of the PPP.

SGX query 6

How is the relationship between the Company and each of the other entity(s) governed?

Company’s response

Each entity is governed independently.

SGX query 7

Please disclose (i) the identity of the party awarding the project; and (ii) when the project was awarded.

Company’s response

The PPP was awarded to CEL by the Lanzhou Urban and Rural Construction Bureau on 27 October 2017.

The EPC project was awarded to CEL by the Lanzhou City Anning District Municipal Government on 27 October 2017.

BY ORDER OF THE BOARD

Lotus Isabella Lim Mei Hua Company Secretary

3 November 2017