Shanghai Able Digital Science&Tech Co., Ltd. — Interim / Quarterly Report 2008

Aug 28, 2008

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CITIC RESOURCES HOLDINGS LIMITED

(incorporated in Bermuda with limited liability)

(Stock Code: 1205)

OVERSEAS REGULATORY ANNOUNCEMENT

UNAUDITED INTERIM RESULTS BY A SUBSIDIARY — CITIC AUSTRALIA TRADING LIMITED For the six months ended 30 June 2008

Please refer to the attached announcement of CITIC Australia Trading Limited (“ CAL ”) which is listed on the Australian Stock Exchange (the “ ASX ”) and a 76.4% indirectly owned subsidiary of CITIC Resources Holdings Limited (the “ Company ”). References in the attached announcement to “$” are Australian dollars.

The announcement was released by CAL through the ASX website: www.asx.com.au on 28 August 2008.

Hong Kong, 28 August 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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CITIC Australia Trading Limited ABN 84 092 595 741

ASX Release

28 August 2008

CITIC — 2008 First Half Profit: $8.5m

The Directors of CITIC Australia Trading Limited (CAL) are pleased to announce the company’s results for the half-year ended 30 June 2008.

HIGHLIGHTS

Profit: $8.5 million

• CAL’s consolidated net profit after tax for 6 months ended 30 June 2008 was $8.5 million

• 29.6% increase over 2007 first-half profit of $6.6 million

Revenue: $667.5 million

• Consolidated sales revenue for the 6 months to 30 June 2008 was $667.5 million

• 49.6% increase over 2007 first-half sales revenue of $446 million

Earnings Per Share (EPS):

	First-half	First-half		Full year	Full year	Full year
(cents per share)	2008	2007		2007	2006	2005
Basic EPS	10.00	7.80		14.60	10.34	10.28
Diluted EPS	10.00	7.80		14.60	10.25	10.21

Return on Equity: 23.7%

• Profit after tax for the 6 months ended 30 June 2008 divided by average consolidated total equity

COMMENTARY ON RESULTS

CAL’s consolidated net profit after tax for the 2008 first-half was $8.5 million, a 29.6% increase over the 2007 first-half profit of $6.6 million.

Revenues for the period were $668 million, which was 50% higher than revenues of $446 million for the same period last year. This significant growth comes mainly from increased sales of iron ore and alumina.

Iron ore exports earned a pre-tax profit of $8.6 million (2007 first-half: $1.2 million), from sales of $447 million (2007 first half: $204 million). The strong growth in revenues and profit is contributed by increased sales of iron ore sourced from India and shipments from Mount Gibson’s Koolan Island project.

Alumina exports earned a pre-tax profit of $1.6 million, down 58% year on year notwithstanding that revenues for the period were 72% higher than same last period. The gross margin for spot transactions is decreasing as the rapid expansion of Chinese alumina production has reduced that industry’s demand for imports.

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Exports of Chinese steel to Europe and Asia decreased by 47% to $30 million in sales and 52% to $0.4 million in pre-tax profit. This new trading line, which commenced in 2006, has not performed satisfactorily and management is reviewing this business line.

Import operations did not perform as well as the same period last year earning a pre-tax profit of $2.4 million (2007 first half $3.8 million) on sales of $93.4 million (2007 first half: $129 million). The drop in both revenues and profit is mainly due to the tight supply of Steel. Although battery sales increased by 24% to $14.7 million, the margin on battery sales was lower due to higher purchase costs resulting in a decrease in profit by 24%.

OUTLOOK

As CAL operates in a trading environment where there are many uncertainties and with high volatility in commodity prices, such an environment makes predicting future revenue and earnings difficult. The first half profit performance should not be taken as an indication of the profit performance for the full year ended 31 December 2008.

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