CITIC Limited — M&A Activity 2021

Nov 29, 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

CITIC Limited announces that, through its Australian subsidiary, Cape Preston Resource Holdings Pty Ltd, it has acquired all of the issued shares in Balmoral Iron Pty Ltd from Mineralogy Pty Ltd. Among other rights, Balmoral Iron Pty Ltd holds a right to mine one billion tonnes of magnetite ore from mining tenements at Cape Preston in Western Australia.

Completion of the transaction occurred on 24 November 2021, in accordance with the terms of a Takeover Agreement between CITIC Limited, Cape Preston Resource Holdings Pty Ltd, Mineralogy Pty Ltd and Balmoral Iron Pty Ltd dated 27 May 2021.

By Order of the Board CITIC Limited Zhu Hexin Chairman

Hong Kong, 29 November 2021

As at the date of this announcement, the executive directors of CITIC Limited are Mr Zhu Hexin (Chairman), Mr Xi Guohua and Ms Li Qingping; the non-executive directors of CITIC Limited 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 CITIC Limited are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Mr Gregory Lynn Curl and Mr Toshikazu Tagawa.