CITIC Limited — Capital/Financing Update 2021

Dec 30, 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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VOLUNTARY ANNOUNCEMENT

UPDATE ON INVESTMENT FRAMEWORK AGREEMENT ENTERED INTO BY THE CONTROLLING SHAREHOLDER OF THE COMPANY

We refer to the announcement dated 18 August 2021 of CITIC Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) in relation to the signing of an investment framework agreement between CITIC Group Corporation (“ CITIC Group ”), the controlling shareholder of the Company, and China Huarong Asset Management Co., Ltd. (“ China Huarong ”).

The Company noticed an announcement published by China Huarong dated 17 November 2021 in relation to, among other things, the share subscription agreement (the “ Share Subscription Agreement ”) entered into between CITIC Group and China Huarong, pursuant to which, CITIC Group agreed to subscribe for the domestic shares of China Huarong through non-public issuance; and an announcement dated 30 December 2021 in relation to the closing of the transaction under the Share Subscription Agreement on 30 December 2021. Immediately following the closing, CITIC Group holds 18,823,529,411 domestic shares of China Huarong, representing approximately 23.46% of the enlarged issued share capital of China Huarong.

The transaction under the Share Subscription Agreement is an investment made by CITIC Group, in which the Group did not participate, nor would it have any material impacts on the business, operating results or financial condition of the Group. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board CITIC Limited Zhu Hexin Chairman

Hong Kong, 30 December 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. Peng Yanxiang, Ms. Yu Yang and Mr. Yang Xiaoping; and the independent nonexecutive 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.