Shanghai Able Digital Science&Tech Co., Ltd. — AGM Information 2008

Apr 29, 2008

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action you should take, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in CITIC RESOURCES HOLDINGS LIMITED , you should at once hand this circular with the accompanying form of proxy to the purchaser or to the bank, stockbroker or other agent through whom the sale was effected for transmission to the purchaser.

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.

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CITIC RESOURCES HOLDINGS LIMITED

(incorporated in Bermuda with limited liability) (Stock Code: 1205)

PROPOSALS FOR GENERAL MANDATES TO REPURCHASE SHARES AND TO ISSUE SHARES OF THE COMPANY, RE-ELECTION OF RETIRING DIRECTORS AND NOTICE OF ANNUAL GENERAL MEETING

A notice convening the Annual General Meeting of CITIC Resources Holdings Limited to be held at Pacific Place Conference Centre, Mont Blanc Room, Level 5, One Pacific Place, 88 Queensway, Hong Kong on Friday, 27 June 2008 at 3:00 p.m. is set out on pages 18 to 20 of this circular. Whether or not you propose to attend the Annual General Meeting, you are requested to complete the accompanying form of proxy in accordance with the instructions printed thereon and return the same to the head office and principal place of business of the Company at Suites 3001-3006, 30/F, One Pacific Place, 88 Queensway, Hong Kong as soon as possible and in any event not less than 48 hours before the time appointed for the holding of the Annual General Meeting or any adjournment thereof.

Hong Kong, 30 April 2008

DEFINITIONS

In this circular, the following expressions have the following meanings unless the context requires otherwise:

“Annual General Meeting”

the annual general meeting of the Company to be held at Pacific Place Conference Centre, Mont Blanc Room, Level 5, One Pacific Place, 88 Queensway, Hong Kong on Friday, 27 June 2008 at 3:00 p.m.

“Board” the board of Directors “Bye-laws” the bye-laws of the Company as amended, supplemented or modified from time to time “Companies Act” the Companies Act 1981 of the laws of Bermuda “Company” CITIC Resources Holdings Limited, a company incorporated in Bermuda, the Shares of which are listed on the Stock Exchange “Directors” the directors of the Company “Group” the Company and its subsidiaries “Hong Kong” the Hong Kong Special Administrative Region of the PRC “Latest Practicable Date” 25 April 2008, being the latest practicable date prior to the printing of this circular for ascertaining certain information referred to in this circular “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange “PRC” the People’s Republic of China “Repurchase Mandate” a general mandate granted to the Directors to exercise the powers of the Company to repurchase Shares pursuant to and in accordance with the Repurchase Resolution

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DEFINITIONS

• “Repurchase Proposal” the proposal to give a general mandate to the Directors to exercise the powers of the Company during the period as set out in the Repurchase Resolution to repurchase Shares up to a maximum of 10% of the issued share capital of the Company as at the date of passing of the Repurchase Resolution

• “Repurchase Resolution” the proposed ordinary resolution referred to as resolution No.4A in the notice of the Annual General Meeting set out in this circular to consider and, if thought fit, approve the Repurchase Proposal

• “SFO” the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)

• “Share(s)” ordinary share(s) of HK$0.05 each in the share capital of the Company

• “Shareholders” holders of Shares “Share Repurchase Rules” the relevant rules set out in the Listing Rules to regulate the repurchase by companies with a primary listing on the Stock Exchange of their own securities on the Stock Exchange

• “Stock Exchange” The Stock Exchange of Hong Kong Limited

• “Takeovers Code” the Hong Kong Code on Takeovers and Mergers “HK$” Hong Kong dollars, the lawful currency of Hong Kong

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LETTER FROM THE BOARD

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CITIC RESOURCES HOLDINGS LIMITED

(incorporated in Bermuda with limited liability)

(Stock Code: 1205)

Executive Directors: Mr. KONG Dan (Chairman) Mr. MI Zengxin (Vice Chairman) Mr. SHOU Xuancheng (Vice Chairman) Mr. SUN Xinguo (President and Chief Executive Officer) Ms. LI So Mui Mr. QIU Yiyong Mr. ZENG Chen Mr. ZHANG Jijing

Registered Office: Clarendon House 2 Church Street Hamilton HM 11 Bermuda

Non-executive Directors: Mr. MA Ting Hung Mr. WONG Kim Yin Ms. YAP Chwee Mein (Alternate to Mr. WONG Kim Yin)

Independent Non-executive Directors: Mr. FAN Ren Da, Anthony Mr. NGAI Man Mr. TSANG Link Carl, Brian

Head Office and

Principal Place of Business: Suites 3001-3006 30/F, One Pacific Place 88 Queensway Hong Kong

30 April 2008

To Shareholders

Dear Sir or Madam,

PROPOSALS FOR GENERAL MANDATES TO REPURCHASE SHARES AND TO ISSUE SHARES OF THE COMPANY, RE-ELECTION OF RETIRING DIRECTORS AND NOTICE OF ANNUAL GENERAL MEETING

INTRODUCTION

The purpose of this circular is to provide you with information regarding resolutions to be proposed at the Annual General Meeting relating to the granting to the Directors of general mandates to repurchase Shares and allot and issue Shares up to 10% and 20% respectively of the issued share capital of the Company as at the date of the respective resolutions and the re-election of retiring Directors by Shareholders and the notice of Annual General Meeting.

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LETTER FROM THE BOARD

GENERAL MANDATE TO REPURCHASE SHARES

At the annual general meeting of the Company held on 27 June 2007, a general mandate was given by the Company to the Directors to exercise the powers of the Company to repurchase Shares. Such mandate will lapse at the conclusion of the Annual General Meeting. The Directors propose to seek your approval of the Repurchase Resolution to be proposed at the Annual General Meeting. An explanatory statement as required under the Share Repurchase Rules to provide the requisite information in respect of the Repurchase Proposal is set out in Appendix I to this circular.

As at the Latest Practicable Date, the issued share capital of the Company comprised 5,257,884,381 Shares. Subject to the passing of the Repurchase Resolution in accordance with resolution no. 4A set out in the notice of Annual General Meeting and on the basis that no further Shares are issued or repurchased prior to the Annual General Meeting, the Company will be allowed under the Repurchase Resolution to repurchase a maximum of 525,788,438 Shares representing not more than 10% of the issued share capital of the Company as at the date of passing the Repurchase Resolution.

GENERAL MANDATE TO ISSUE SHARES

At the annual general meeting of the Company held on 27 June 2007, a general mandate was given by the Company to the Directors to allot, issue and deal with Shares. Such mandate will lapse at the conclusion of the Annual General Meeting. It is therefore proposed to renew such general mandate at the Annual General Meeting.

As at the Latest Practicable Date, the issued share capital of the Company comprised 5,257,884,381 Shares. Subject to the passing of the resolution to allot, issue and deal with Shares not exceeding 20% of the issued share capital of the Company in accordance with resolution no. 4B set out in the notice of Annual General Meeting and on the basis that no further Shares are issued or repurchased prior to the Annual General Meeting, the Company will be allowed to issue a maximum of 1,051,576,876 Shares representing not more than 20% of the issued share capital of the Company as at the date of passing the resolution no. 4B set out in the notice of Annual General Meeting.

Two ordinary resolutions will be proposed at the Annual General Meeting respectively granting to the Directors a general mandate to allot, issue and deal with Shares not exceeding 20% of the issued share capital of the Company as at the date of passing the resolution and adding to such general mandate so granted to the Directors any Shares repurchased by the Company after the granting of the general mandate to repurchase up to 10% of the issued share capital of the Company as at the date of passing of the Repurchase Resolution.

RE-ELECTION OF RETIRING DIRECTORS

As at the Latest Practicable Date, the executive Directors of the Company are Mr. Kong Dan; Mr. Mi Zengxin; Mr. Shou Xuancheng; Mr. Sun Xinguo; Ms. Li So Mui; Mr. Qiu Yiyong; Mr. Zeng Chen and Mr. Zhang Jijing, the non-executive Directors of the Company are Mr. Ma Ting Hung and Mr. Wong Kim Yin, and the independent non-executive Directors of the Company are Mr. Fan Ren Da, Anthony; Mr. Ngai Man and Mr. Tsang Link Carl, Brian.

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LETTER FROM THE BOARD

Pursuant to Bye-laws 86(2) of the Bye-laws, Mr. Kong Dan and Mr. Wong Kim Yin will retire and, being eligible, will offer themselves for re-election at the Annual General Meeting. Pursuant to Bye-laws 87(1) and 87(2) of the Bye-laws, Mr. Shou Xuancheng, Mr. Sun Xinguo, Mr. Qiu Yiyong and Mr. Zhang Jijing will retire by rotation and, being eligible, will offer themselves for re-election at the Annual General Meeting. The details and brief biography of each of Mr. Kong Dan, Mr. Shou Xuancheng, Mr. Sun Xinguo, Mr. Qiu Yiyong, Mr. Zhang Jijing and Mr. Wong Kim Yin are set out in Appendix II to this circular.

ANNUAL GENERAL MEETING

At the Annual General Meeting, resolutions will be proposed to Shareholders in respect of ordinary business to be considered at the Annual General Meeting, including re-election of retiring Directors, and special business to be considered at the Annual General Meeting, being the ordinary resolutions proposed to approve the Repurchase Proposal, the general mandate for Directors to issue new Shares and the extension of the general mandate to issue new Shares.

A form of proxy for use at the Annual General Meeting is enclosed with this circular. Whether or not you are able to attend the Annual General Meeting, you are requested to complete the form of proxy and return it to the head office and principal place of business of the Company at Suites 3001-3006, 30/F, One Pacific Place, 88 Queensway, Hong Kong in accordance with the instructions printed thereon not less than 48 hours before the time appointed for holding the Annual General Meeting or any adjournment thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the Annual General Meeting or any adjourned meeting if you so desire.

RIGHT TO DEMAND A POLL

Pursuant to Bye-law 66 of the Bye-laws, at any general meeting of the Company, a resolution put to the vote of the meeting shall be decided on a show of hands unless a poll is required under the Listing Rules or any other applicable laws, rules or regulations or unless (before or on the declaration of the result of the show of hands or on the withdrawal of any other demand for a poll) a poll is demanded:

• (a) by the chairman of the meeting; or

• (b) by at least three Shareholders present in person (or in the case of a Shareholder being a corporation by its duly authorised representative) or by proxy entitled to vote at the meeting; or

• (c) by a Shareholder or Shareholders present in person (or in the case of a Shareholder being a corporation by its duly authorised representative) or by proxy and representing not less than one-tenth of the total voting rights of all Shareholders having the right to vote at the meeting; or

• (d) by a Shareholder or Shareholders present in person (or in the case of a Shareholder being a corporation by its duly authorised representative) or by proxy and holding Shares conferring a right to vote at the meeting being Shares on which an aggregate sum has been paid up equal to not less than one-tenth of the total sum paid up on all the Shares conferring that right.

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LETTER FROM THE BOARD

A demand by a proxy for a Shareholder or in the case of a Shareholder being a corporation by its duly authorised representative shall be deemed to be the same as a demand by a Shareholder.

Subject to any special rights or restrictions as to voting attached to any Shares by or in accordance with the Bye-laws, at any general meeting on a show of hands, every Shareholder present in person (or, in the case of a Shareholder being a corporation, by its duly authorised representative under Section 78 of the Companies Act) or by proxy shall (save as provided otherwise in the Bye-laws) have one vote and on a poll, every Shareholder present in person or by proxy (or in the case of a Shareholder being a corporation by its duly authorised representative) shall have one vote for every fully paid Share of which he is the holder (but so that no amount paid or credited as paid on a Share in advance of calls or instalments shall be treated for the foregoing purposes as paid on the Share). A person entitled to more than one vote on a poll need not use all his votes or cast all his votes he uses in the same way.

RECOMMENDATION

The Directors believe that the granting to the Directors of general mandates to repurchase Shares and to allot and issue Shares and the re-election of retiring Directors by Shareholders are in the best interests of the Company and Shareholders as a whole. Accordingly, the Directors recommend that all Shareholders should vote in favour of the resolutions set out in the notice of Annual General Meeting contained in this circular.

By Order of the Board Sun Xinguo Chief Executive Officer

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EXPLANATORY STATEMENT

APPENDIX I

This Appendix I serves as an explanatory statement, as required by the Share Repurchase Rules, to provide requisite information to you for your consideration of the Repurchase Resolution, the approval of which will grant a general mandate to the Directors to exercise the power of the Company to repurchase during the period set out in the Repurchase Resolution Shares up to a maximum of 10% of the issued share capital of the Company as at the date of the passing of the Repurchase Resolution.

1. SHARE REPURCHASE RULES

The Share Repurchase Rules permit companies whose primary listing is on the Stock Exchange to repurchase their fully paid up shares on the Stock Exchange subject to certain restrictions, the most important of which are summarised below:

(a) Shareholders’ Approval

The Share Repurchase Rules provide that all on-market share repurchases by a company with its primary listing on the Stock Exchange must be approved in advance by an ordinary resolution, either by way of a specific approval in relation to specific transactions or by a general mandate to the directors of the company to make such repurchase.

(b) Source of Funds

Share repurchases must be made out of funds which are legally available for the purpose and in accordance with the company’s constitutive documents and the laws of the jurisdiction in which the company is incorporated or otherwise established.

(c) Maximum Number of Shares to be Repurchased and Subsequent Issue

The shares to be repurchased by a company must be fully-paid up. A maximum of 10% of the existing issued share capital of a company as at the date of passing the relevant resolution may be repurchased on the Stock Exchange and a company may not, without the prior approval of the Stock Exchange, issue new shares or announce a proposed new issue of shares for a period of 30 days immediately following a share repurchase whether on the Stock Exchange or otherwise (other than an issue of securities pursuant to the exercise of warrants, share options or similar instruments requiring the company to issue securities, which were outstanding prior to the repurchase).

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EXPLANATORY STATEMENT

APPENDIX I

2. SHARE CAPITAL

As at the Latest Practicable Date, the issued share capital of the Company comprised 5,257,884,381 Shares.

Subject to the passing of the Repurchase Resolution and on the basis that no further Shares are issued and no Shares are repurchased prior to the Annual General Meeting, the Company will be allowed under the Repurchase Resolution to repurchase a maximum of 525,788,438 Shares representing not more than 10% of the issued share capital of the Company as at the date of passing the Repurchase Resolution.

3. REASONS FOR REPURCHASE

The Directors believe that the Repurchase Proposal is in the best interests of the Company and Shareholders as a whole. Share repurchases may, depending on market conditions and funding arrangements at the time, lead to an enhancement of the net assets and/or earnings per Share of the Company and will only be made when the Directors believe that such a repurchase will benefit the Company and Shareholders as a whole.

4. FUNDING OF REPURCHASES

In repurchasing Shares, the Company may only apply funds legally available for such purpose in accordance with its memorandum of association, Bye-laws and the applicable law of Bermuda. Pursuant to the Companies Act, the amount of capital repaid in connection with a share repurchase may only be paid out of either the capital paid up on the relevant Shares, the profits that would otherwise be available for dividend or distribution or the proceeds of a fresh issue of Shares made for the purpose. The amount of premium payable on a share repurchase may only be paid out of either the profits that would otherwise be available for dividend or distribution or out of the share premium or contributed surplus accounts of the Company.

There might be an adverse impact on the working capital or gearing position of the Company as compared with the position disclosed in the audited accounts contained in the 2007 Annual Report of the Company in the event the Repurchase Proposal were to be carried out in full at any time during the relevant repurchase period. However, the Directors do not propose to exercise the Repurchase Mandate if to an extent as would, in the circumstances, have a material adverse effect on the working capital requirements of the Company or the gearing levels which in the opinion of the Directors are from time to time appropriate for the Company.

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EXPLANATORY STATEMENT

APPENDIX I

5. SHARES PRICES

The highest and lowest prices at which the Shares have traded on the Stock Exchange during each of the twelve complete months prior to the Latest Practicable Date and for the month of April 2008 up to the Latest Practicable Date were as follows:

		Shares Price
	Highest		Lowest
	HK$		HK$
2007
April	3.94		3.45
May	4.49		3.85
June	4.98		4.18
July	6.26		4.95
August	5.70		3.93
September	6.48		5.13
October	6.40		4.75
November	5.20		4.26
December	4.95		4.15
2008
January	4.63		2.91
February	3.75		2.97
March	3.55		2.21
April (up to the Latest Practicable Date)	3.80		2.71

6. UNDERTAKING

The Directors have undertaken to the Stock Exchange that, so far as the same may be applicable, they will exercise the powers of the Company to make Share repurchases pursuant to the Repurchase Mandate in accordance with the Listing Rules and the applicable laws of Bermuda.

None of the Directors nor, to the best of their knowledge having made all reasonable enquiries, their associates, have any present intention to sell any Shares to the Company or its subsidiaries under the Repurchase Mandate if such mandate is approved by Shareholders.

No connected persons (as defined in the Listing Rules) have notified the Company that they have a present intention to sell Shares to the Company or its subsidiaries, or have undertaken not to do so, in the event that the Repurchase Mandate is approved by Shareholders.

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EXPLANATORY STATEMENT

APPENDIX I

7. TAKEOVERS CODE

If on the exercise of the power to repurchase Shares pursuant to the Repurchase Mandate, a Shareholder’s proportionate interest in the voting rights of the Company increases, such increase will be treated as an acquisition for the purposes of Rule 32 of the Takeovers Code. As a result, a Shareholder or group of Shareholders acting in concert could obtain or consolidate control of the Company and become obliged to make a mandatory offer in accordance with Rules 26 and 32 of the Takeovers Code.

As at the Latest Practicable Date, the following interests in Shares were recorded in the register kept by the Company pursuant to Section 336(1) of the SFO:

				Percentage of
				existing issued
				share capital of
				the Company if
			Percentage of	Repurchase
		Number of	existing issued	Mandate
Name of	Nature of	Shares held as	share capital of	was exercised
substantial Shareholders	interest	long positions	the Company	in full
CITIC Group	Corporate	2,740,594,381 (1)	52.13	57.92
CITIC Projects Management	Corporate	1,990,180,588 (2)	37.85	42.06
(HK) Limited
Keentech Group Limited	Corporate	1,990,180,588 (3)	37.85	42.06
CITIC Australia Pty Limited	Corporate	750,413,793 (4)	14.28	15.86
Temasek Holdings (Private) Limited	Corporate	587,450,000 (5)	11.17	12.41
Temasek Capital (Private) Limited	Corporate	385,450,000 (6)	7.33	8.14
Seletar Investments Pte. Ltd.	Corporate	385,450,000 (7)	7.33	8.14
Baytree Investments (Mauritius)	Corporate	385,450,000 (8)	7.33	8.14
Pte. Ltd.

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EXPLANATORY STATEMENT

APPENDIX I

				Percentage of
				existing issued
				share capital of
				the Company if
			Percentage of	Repurchase
		Number of	existing issued	Mandate
Name of	Nature of	Shares held as	share capital of	was exercised
substantial Shareholders	interest	long positions	the Company	in full
UBS AG	Beneficial	365,322,147	6.95	7.72
	owner/
	interest
	of corporation
	controlled by
	UBS AG

				Percentage of
				existing issued
				share capital of
				the Company if
		Interests in	Percentage of	Repurchase
		Shares	existing issued	Mandate
Name of	Nature of	pursuant to	share capital of	was exercised
substantial Shareholders	interest	short positions	the Company	in full
UBS AG	Beneficial	88,769,000	1.69	1.88
	owner/
	person having
	security interest in
	shares/
	interest
	of corporation
	controlled by
	UBS AG

Notes:

• (1) The figure represents an attributable interest of CITIC Group through its interest in CITIC Projects Management (HK) Limited (“ CITIC Projects ”) and CITIC Australia Pty Limited (“ CA ”). CITIC Group is a company incorporated in the PRC.

• (2) The figure represents an attributable interest of CITIC Projects through its interest in Keentech Group Limited (“ Keentech ”). CITIC Projects, a company incorporated in the British Virgin Islands, is a direct wholly-owned subsidiary of CITIC Group.

• (3) Keentech, a company incorporated in the British Virgin Islands, is a direct wholly-owned subsidiary of CITIC Projects.

• (4) CA, a company incorporated in Australia, is a direct wholly-owned subsidiary of CITIC Group.

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EXPLANATORY STATEMENT

APPENDIX I

• (5) The figure represents an attributable interest of Temasek Holdings (Private) Limited (“ Temasek Holdings ”) through its interest in Temasek Capital (Private) Limited (“ Temasek Capital ”) and Tembusu Capital Pte. Ltd. Temasek Holdings is a company incorporated in Singapore.

• (6) The figure represents an attributable interest of Temasek Capital through its interest in Seletar Investments Pte. Ltd. (“ Seletar ”). Temasek Capital, a company incorporated in Singapore, is a direct wholly-owned subsidiary of Temasek Holdings.

• (7) The figure represents an attributable interest of Seletar through its interest in Baytree Investments (Mauritius) Pte. Ltd. (“ Baytree ”). Seletar, a company incorporated in Singapore, is a direct wholly-owned subsidiary of Temasek Capital.

• (8) Baytree, a company incorporated in Mauritius, is a direct wholly-owned subsidiary of Seletar.

In the event the Directors exercised in full the power to repurchase Shares pursuant to the Repurchase Mandate, an obligation to make a general offer to Shareholders under Rules 26 and 32 of the Takeovers Code may arise.

Save as aforesaid, the Directors are not aware of any consequences which may arise under the Takeovers Code as a consequence of any purchases made under the Repurchase Mandate. The Directors have no intention to exercise the Repurchase Mandate which may result in possible mandatory offer being made under the Takeovers Code. The Directors will use their best endeavours to ensure that the Repurchase Mandate will not be exercised to the extent that the number of Shares held by the public would be reduced to less than 25% of the issued share capital of the Company.

8. SHARE REPURCHASES MADE BY THE COMPANY

The Company has not repurchased any Shares (whether on the Stock Exchange or otherwise) in the six months preceding the Latest Practicable Date.

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DETAILS OF DIRECTORS TO BE RE-ELECTED

APPENDIX II

The following are the particulars (as required by the Listing Rules) of the Directors who will retire by rotation and, being eligible, will offer themselves for re-election at the Annual General Meeting:

Mr. Kong Dan , aged 60, was appointed as the Chairman and an Executive Director of the Company in August 2007. He was the honorary chairman of the Company from March to August 2007. He is also a member of the nomination committee of the Company. Mr. Kong is responsible for the strategic planning and corporate development of the Group. He holds a Master’s Degree in Economics from the China Academy of Social Sciences Graduate School. He is the chairman of CITIC Group, CITIC International Financial Holdings Limited (Stock Code: 183) listed on the Main Board of the Stock Exchange, CITIC United Asia Investments Limited (“ CITIC United Asia ”) and CITIC Hong Kong (Holdings) Limited, the chairman and a non-executive director of China CITIC Bank Corporation Limited (“ China CITIC Bank ”) (Stock Code: 998) listed on the Main Board of the Stock Exchange and the Shanghai Stock Exchange, and a non-executive director of CITIC Ka Wah Bank Limited. Prior to joining CITIC Group, Mr. Kong held a number of high-level positions in the China Everbright group of companies between 1984 and 2000, including vice chairman and president of China Everbright Group Limited and China Everbright Holdings Company Limited. Mr. Kong has extensive business connections and over 23 years’ experience in investment and finance.

There is no service contract between the Company and Mr. Kong. He has no fixed term of service with the Company but is subject to retirement by rotation and re-election at annual general meetings in accordance with the Bye-laws. His remuneration is fixed in accordance with the performance of the Company. He received a director’s fee of HK$50,285 for the year ended 31 December 2007.

As at the Latest Practicable Date, Mr. Kong holds options entitling him to subscribe for 20,000,000 Shares. Save as aforesaid, Mr. Kong does not have any other interests in Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Mr. Kong does not hold, and has not held, any other positions within the Group and is not connected with any Directors, substantial or controlling Shareholders, or senior management of the Company.

Save as disclosed above, Mr. Kong has not held any directorship in any other listed public company in the last three years.

Save as disclosed above, Mr. Kong has confirmed that there are no other matters that need to be brought to the attention of Shareholders in connection with his re-election pursuant to Rules 13.51(2)(h) to (w) of the Listing Rules.

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DETAILS OF DIRECTORS TO BE RE-ELECTED

APPENDIX II

Mr. Shou Xuancheng , aged 58, is a Vice Chairman of the Company. He has been an Executive Director of the Company since 2005. He is also a director of several subsidiaries of the Group. Mr. Shou is responsible for the planning and development of the Group’s oil investments and portfolio. He holds a Master’s Degree and a Doctoral Degree in Engineering from Petroleum University of China. He held a number of high-level positions in the China National Petroleum Corporation group of companies between 1985 and 2004, including China National Oil & Gas Exploration and Development Corporation, CNPC International (Kazakhstan) Co. Ltd., PetroChina Company Limited listed on the Main Board of the Stock Exchange and PetroChina International Limited. Mr. Shou has over 37 years’ experience in the oil and gas industry.

There is a service contract between the Company and Mr. Shou. He has no fixed term of service with the Company but is subject to retirement by rotation and re-election at annual general meetings in accordance with the Bye-laws. His remuneration is fixed in his service contract with reference to the prevailing market conditions, his contribution to the Company and the performance of the Company. He received a remuneration of HK$2,550,000 for the year ended 31 December 2007.

As at the Latest Practicable Date, Mr. Shou has a personal interest of 7,000,000 Shares within the meaning of Part XV of the SFO which represents approximately 0.13% of the total Shares in issue. Save as aforesaid, Mr. Shou does not have any other interests in Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Mr. Shou does not hold, and has not held, any other positions within the Group and is not connected with any Directors, substantial or controlling Shareholders, or senior management of the Company.

Save as disclosed above, Mr. Shou has not held any directorship in any other listed public company in the last three years.

Save as disclosed above, Mr. Shou has confirmed that there are no other matters that need to be brought to the attention of Shareholders in connection with his re-election pursuant to Rules 13.51(2)(h) to (w) of the Listing Rules.

Mr. Sun Xinguo , aged 57, is the President and Chief Executive Officer of the Company. He has been an Executive Director of the Company since 2002. He is also a member of the remuneration committee and investment committee of the Company and a director of several subsidiaries of the Group. Mr. Sun is responsible for the corporate development of the Group. He other a Bachelor of Arts Degree from Fudan University and graduated from the Advanced Management Program (AMP167) of Harvard Business School in 2004. He is a director of CITIC Group and Keentech. He also holds directorships in several other subsidiaries of CITIC Group. Mr. Sun has over 32 years’ experience in project investment, marketing and operation, import and export, securities investment and corporate finance.

There is a service contract between the Company and Mr. Sun. He has no fixed term of service with the Company but is subject to retirement by rotation and re-election at annual general meetings in accordance with the Bye-laws. His remuneration is fixed in his service contract with reference to the prevailing market conditions, his contribution to the Company and the performance of the Company. He received a remuneration of HK$2,550,000 for the year ended 31 December 2007.

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DETAILS OF DIRECTORS TO BE RE-ELECTED

APPENDIX II

As at the Latest Practicable Date, Mr. Sun has a personal interest of 10,000,000 Shares within the meaning of Part XV of the SFO which represents approximately 0.19% of the total Shares in issue. Save as aforesaid, Mr. Sun does not have any other interests in Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Mr. Sun does not hold, and has not held, any other positions within the Group and is not connected with any Directors, substantial or controlling Shareholders, or senior management of the Company.

Save as disclosed above, Mr. Sun has not held any directorship in any other listed public company in the last three years.

Save as disclosed above, Mr. Sun has confirmed that there are no other matters that need to be brought to the attention of Shareholders in connection with his re-election pursuant to Rules 13.51(2)(h) to (w) of the Listing Rules.

Mr. Qiu Yiyong , aged 51, joined in 2002 as an Executive Director of the Company. He is also a director of several subsidiaries of the Group. Mr. Qiu is responsible for the corporate development of the Group. He holds a Bachelor of Economics Degree from Xiamen University and is a qualified senior statistician in the PRC. He is the managing director of CITIC United Asia, a director of CITIC Group, Keentech and DVN (Holdings) Limited (Stock Code: 500) listed on the Main Board of the Stock Exchange. He also holds directorships in several other subsidiaries of CITIC Group. Prior to joining CITIC Group, he was a director of two companies listed on the Stock Exchange. Mr. Qiu has over 26 years’ experience in investment management.

There is no service contract between the Company and Mr. Qiu. He has no fixed term of service with the Company but is subject to retirement by rotation and re-election at annual general meetings in accordance with the Bye-laws. His remuneration is fixed in accordance with the performance of the Company. He received a director’s fee of HK$138,000 for the year ended 31 December 2007.

As at the Latest Practicable Date, Mr. Qiu has a personal interest of 10,000,000 Shares within the meaning of Part XV of the SFO which represents approximately 0.19% of the total Shares in issue. Save as aforesaid, Mr. Qiu does not have any other interests in Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Mr. Qiu does not hold, and has not held, any other positions within the Group and is not connected with any Directors, substantial or controlling Shareholders, or senior management of the Company.

Save as disclosed above, Mr. Qiu has not held any directorship in any other listed public company in the last three years.

Save as disclosed above, Mr. Qiu has confirmed that there are no other matters that need to be brought to the attention of Shareholders in connection with his re-election pursuant to Rules 13.51(2)(h) to (w) of the Listing Rules.

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DETAILS OF DIRECTORS TO BE RE-ELECTED

APPENDIX II

Mr. Zhang Jijing , aged 52, joined in 2002 as an Executive Director of the Company. He is also a member of the nomination committee and investment committee of the Company and a director of several subsidiaries of the Group. Mr. Zhang is responsible for the corporate development of the Group. He holds a Bachelor of Engineering Degree from Hefei Polytechnic University in Anhui Province and a Master’s Degree in Economics from the Graduate School of Chinese Academy of Social Sciences in Beijing. He is a director, the assistant president and the head of Strategy & Planning Department of CITIC Group, the deputy chairman of CA, a director of CITIC Securities Co., Ltd. listed on the Shanghai Stock Exchange and Keentech, and a non-executive director of China CITIC Bank. Mr. Zhang has over 22 years’ experience in corporate management, industrial investment, business finance and the aluminium industry.

There is no service contract between the Company and Mr. Zhang. He has no fixed term of service with the Company but is subject to retirement by rotation and re-election at annual general meetings in accordance with the Bye-laws. His remuneration is fixed in accordance with the performance of the Company. He received a director’s fee of HK$138,000 for the year ended 31 December 2007.

As at the Latest Practicable Date, Mr. Zhang has family interests of 28,000 Shares within the meaning of Part XV of the SFO and holds options entitling him to subscribe for 10,000,000 Shares. Save as aforesaid, Mr. Zhang does not have any other interests in Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Mr. Zhang does not hold, and has not held, any other positions within the Group and is not connected with any Directors, substantial or controlling Shareholders, or senior management of the Company.

Save as disclosed above, Mr. Zhang has not held any directorship in any other listed public company in the last three years.

Save as disclosed above, Mr. Zhang has confirmed that there are no other matters that need to be brought to the attention of Shareholders in connection with his re-election pursuant to Rules 13.51(2)(h) to (w) of the Listing Rules.

Mr. Wong Kim Yin ,aged 37 was appointed as a Non-executive Director of the Company in April 2008. He is also a member of the investment committee of the Company. He holds an Executive Master’s Degree in Business Administration from the University of Chicago Graduate School of Business. He is a managing director of Temasek Holdings responsible for investments in the energy industry. Prior to joining Temasek Holdings in 2004, he worked for The AES Corporation, a power company listed on the New York Stock Exchange, and was responsible for merger and acquisition and greenfield project development in Asia Pacific. Mr. Wong has over 10 years’ experience in investment management.

There is no service contract between the Company and Mr. Wong. He has no fixed term of service with the Company but is subject to retirement by rotation and re-election at annual general meetings in accordance with the Bye-laws. He will receive an annual director’s fee which is currently HK$207,000 per annum. The fee is in line with that payable by the Company to other non-executive Directors.

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DETAILS OF DIRECTORS TO BE RE-ELECTED

APPENDIX II

As at the Latest Practicable Date, Mr. Wong does not have any interests in Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Mr. Wong does not hold, and has not held, any other positions within the Group and is not connected with any Directors, substantial or controlling Shareholders, or senior management of the Company.

Save as disclosed above, Mr. Wong has not held any directorship in any other listed public company in the last three years.

Save as disclosed above, Mr. Wong has confirmed that there are no other matters that need to be brought to the attention of Shareholders in connection with his re-election pursuant to Rules 13.51(2)(h) to (w) of the Listing Rules.

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NOTICE OF ANNUAL GENERAL MEETING

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CITIC RESOURCES HOLDINGS LIMITED

(incorporated in Bermuda with limited liability)

(Stock Code: 1205)

NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the Annual General Meeting of shareholders of the Company will be held at Pacific Place Conference Centre, Mont Blanc Room, Level 5, One Pacific Place, 88 Queensway, Hong Kong on Friday, 27 June 2008 at 3:00 p.m. for the following purposes:

1. To receive and consider the audited financial statements and the report of the directors and the independent auditors’ report for the year ended 31 December 2007.

2. To re-elect directors and authorise the board of directors to fix their remuneration.

3. To re-appoint auditors and authorise the board of directors to fix their remuneration.

4. As special business to consider and, if thought fit, pass with or without amendment, the following resolutions as ordinary resolutions of the Company:

ORDINARY RESOLUTIONS

• A. “ THAT :

• (a) subject to paragraph (b) below, the exercise by the directors of the Company during the Relevant Period (as hereinafter defined) of all the powers of the Company to repurchase shares of HK$0.05 each (“ Shares ”) in the share capital of the Company on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) or on any other stock exchange on which the securities of the Company may be listed and recognised by the Securities and Futures Commission of Hong Kong and the Stock Exchange for this purpose, subject to and in accordance with all applicable laws and the requirements of the Rules Governing the Listing of Securities on the Stock Exchange or of any other stock exchange as amended from time to time, be and is hereby generally and unconditionally approved;

• (b) the aggregate nominal amount of Shares which the directors of the Company are authorised to repurchase pursuant to the approval in paragraph (a) above shall not exceed 10% of the aggregate nominal amount of the issued share capital of the Company as at the date of passing this resolution, and the said approval shall be limited accordingly; and

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NOTICE OF ANNUAL GENERAL MEETING

• (c) “ Relevant Period ” means the period from the passing of this resolution until whichever is the earliest of:

  • (i) the conclusion of the next annual general meeting of the Company;

  • (ii) the expiration of the period within which the next annual general meeting of the Company is required by law or the bye-laws of the Company to be held; and

  • (iii) the date on which the authority set out in this resolution is revoked or varied by an ordinary resolution of shareholders of the Company in a general meeting.”

• B. “ THAT :

• (a) subject to paragraph (c) below, the exercise by the directors of the Company during the Relevant Period (as defined in Resolution No. 4A set out in the notice convening this meeting) of all the powers of the Company to allot, issue and deal with additional Shares (as defined in Resolution No. 4A set out in the notice convening this meeting) in the share capital of the Company and to make or grant offers, agreements and options (including bonds, warrants and debentures convertible into Shares) which would or might require the exercise of such power be and is hereby generally and unconditionally approved;

• (b) the approval in paragraph (a) above shall authorise the directors of the Company during the Relevant Period to make or grant offers, agreements and options (including bonds, warrants and debentures convertible into Shares) which would or might require the exercise of such power after the end of the Relevant Period;

• (c) the aggregate nominal amount of Shares allotted or agreed conditionally or unconditionally to be allotted (whether pursuant to an option or otherwise) and issued by the directors of the Company pursuant to the approval in paragraph (a) above, otherwise than (i) a Rights Issue (as hereinafter defined); (ii) an issue of Shares upon the exercise of rights of subscription or conversion under the terms of any warrants of the Company or any securities which are convertible into Shares; (iii) an issue of Shares as scrip dividends pursuant to the bye-laws of the Company from time to time; or (iv) an issue of Shares under any option scheme or similar arrangement for the grant or issue of Shares or rights to acquire Shares, shall not exceed 20% of the aggregate nominal amount of the issued share capital of the Company as at the date of passing this resolution, and the said approval shall be limited accordingly; and

• (d) “ Rights Issue ” means an offer of Shares open for a period fixed by the directors of the Company to the existing shareholders of the Company on the register maintained by the Company on a fixed record date in proportion to their then holdings of such Shares as at that date (subject to such exclusions or other arrangements as the directors of the Company may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the laws of, or the requirements of any recognised regulatory body or any stock exchange in, any territory outside the Hong Kong Special Administrative Region of the People’s Republic of China applicable to the Company).”

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NOTICE OF ANNUAL GENERAL MEETING

• C. “ THAT subject to the passing of resolutions Nos.4A and 4B set out in the notice convening this meeting, the general mandate granted to the directors of the Company to allot, issue and deal with additional Shares (as defined in Resolution No. 4A set out in the notice convening this meeting) in the share capital of the Company pursuant to resolution No.4B set out in the notice convening this meeting be and is hereby increased by the addition thereto of an amount representing the aggregate nominal amount of Shares repurchased by the Company under the authority granted pursuant to resolution No.4A set out in the notice convening this meeting, provided that such amount of Shares so repurchased shall not exceed 10% of the aggregate nominal amount of the issued share capital of the Company as at the date of passing the said resolution.”

By Order of the Board Li So Mui Company Secretary

Hong Kong, 30 April 2008

Head Office and Principal Place of Business: Suites 3001-3006 30/F, One Pacific Place 88 Queensway Hong Kong

Notes:

1. Any member of the Company entitled to attend and vote at the above meeting is entitled to appoint one or more proxies to attend and vote instead of him. A proxy need not be a member of the Company.

2. To be valid, a form of proxy, together with any power of attorney or other authority (if any) under which it is signed, or a notarially certified copy thereof, must be returned to the head office and principal place of business of the Company at Suites 3001-3006, 30/F, One Pacific Place, 88 Queensway, Hong Kong not less than 48 hours before the time appointed for holding the meeting or any adjournment thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the meeting or any adjourned meeting if you so desire.

3. With regard to item no. 2 in the notice convening this meeting, the board of directors of the Company proposes that the retiring directors, namely Mr. Kong Dan, Mr. Shou Xuancheng, Mr. Sun Xinguo, Mr. Qiu Yiyong, Mr. Zhang Jijing and Mr. Wong Kim Yin be re-elected as directors of the Company. The details of the said retiring directors are set out in Appendix II to the circular to shareholders of the Company dated 30 April 2008.

As at the date hereof, the executive directors of the Company are Mr. Kong Dan; Mr. Mi Zengxin; Mr. Shou Xuancheng; Mr. Sun Xinguo; Ms. Li So Mui; Mr. Qiu Yiyong; Mr. Zeng Chen and Mr. Zhang Jijing, the non-executive directors are Mr. Ma Ting Hung and Mr. Wong Kim Yin, and the independent non-executive directors are Mr. Fan Ren Da, Anthony; Mr. Ngai Man and Mr. Tsang Link Carl, Brian.

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