About CITIC

CITIC Limited, an investment holding company, operates in financial services, resources and energy, manufacturing, engineering contracting, real estate, and other businesses in China and internationally. The company is a subsidiary of CITIC Group Corporation. Financial Services The company’s financial business spans the banking, trust, insurance and securities sectors. It offers a platform to provide integrated financial solutions for customers. The company’s major subsidiaries include China CITIC Bank Corporation Limited (CITIC Bank), CITIC Trust Co., Ltd. (CITIC Trust), CITIC-Prudential Life Insurance Co., Ltd. (CITIC-Prudential), and CITIC Securities Co., Ltd. (CITIC Securities). CITIC Bank is a commercial bank that engages in the corporate banking, retail banking and financial markets businesses. CITIC Bank’s financial markets business focuses on monetary, capital and international financial markets. Principal products traded include foreign currencies, bonds, precious metals and equity derivatives. Services include bond market-making and underwriting, structured finance, and international trade finance, as well as a range of other specialized investment and financing offers. CITIC Trust operates as a trust company in China. The company also manages a proprietary trading and investing for its own funds. It offers a range of integrated solutions across investment, financing and wealth management services. Clients are primarily institutional investors and wealthy individuals. In 2015, the company developed various products and services, such as PPP trust schemes, asset securitization, consumer trust products and family trust services. CITIC-Prudential is a 50-50 joint venture between the company and Prudential plc, offering life, health and accident insurance, as well as reinsurance for these insurance businesses. As of December 31, 2015, CITIC-Prudential had a total of 158 sales offices in 64 cities across China. Individual insurance agents and bancassurance are the two major sales channels of CITIC-Prudential. CITIC Securities is a major securities company in China, with businesses covering investment banking, brokerage, securities trading and asset management. Resources and Energy The company’s Resources and Energy business comprises the exploration, mining, processing and trading of energy products and mineral resources, as well as power generation. It holds interests in projects in China, Australia, Brazil, Peru, Gabon, Indonesia and Kazakhastan. Its major subsidiaries include CITIC Resources Holdings Limited (CITIC Resources), CITIC Mining International Ltd., CITIC Metal Co., Ltd. (CITIC Metal), CITIC United Asia Investments Limited (CITIC United Asia), and Sunburst Energy Development. CITIC Resources has interests in oil exploration, development and production; coal mining; import and export of commodities; aluminum smelting; and manganese mining and processing. CITIC Mining International Ltd., through its Australian subsidiary, CITIC Pacific Mining, develops and operates the Sino Iron project, the major magnetite mining and processing project in Australia. CITIC Metal invests in minerals projects and trades industrial metals. CITIC Metal holds a 15% interest in the Las Bambas copper mine project in Peru; and a small indirect stake in Brazilian miner CBMM, which produces ferroniobium. CITIC Dameng Holdings Limited (CITIC Dameng) is a vertically integrated manganese producer, which engages in the production and sale of manganese products at various stages. CITIC Dameng owns the manganese mine in China and has interests in various other mines in China and in Gabon, West Africa. CITIC United Asia holds a stake in China Platinum, a major plaintinum importer. Sunburst Energy Development manages various coal-fired power stations in China, with a total installed capacity of approximately 6,000 megawatts. The company trades commodities primarily through CITIC Metal, CITIC Resources and CITIC United Asia. Major products include iron ore, ferroniobium, copper, aluminum, coal, platinum and steel. Manufacturing The company’s manufacturing business includes the manufacture of special steel, heavy equipment, and aluminum wheels and castings in China. The company’s major subsidiaries include CITIC Pacific Special Steel, CITIC Heavy Industries Co., Limited (CITIC Heavy Industries), and CITIC Dicastal Co., Ltd. (CITIC Dicastal). CITIC Pacific Special Steel is a major manufacturer of special steel in China. The company produces bars, plates, seamless steel tubes, wires, forging steel and casting billets. Its customers are primarily in the auto components, energy, machinery manufacturing, oil and petrochemicals, transportation, shipbuilding and other industrial sectors. CITIC Heavy Industries is a major manufacturer of heavy mining and cement equipment in China. The company engages in the design and development of large sets of technical equipment, large castings and forgings, as well as the provision of related services to customers in the mining, construction materials, coal, metallurgical, non-ferrous, power electronics and environmental protection industries. CITIC Heavy Industries has customers that include major industrial companies, such as Lafarge, Holcim, Italcementi, VALE, BHP Billiton, China Shenhua Energy, China Huaneng Group, and China National Gold Group. As of December 31, 2015, CITIC Heavy Industries owned 19 registered trademarks and 438 patents in China. CITIC Dicastal is a major producer and exporter of automotive aluminum wheels. It also produces automotive lightweight aluminum castings, including chassis parts, power train parts and body parts. Engineering Contracting The company’s engineering contracting business serves infrastructure, housing, industrial construction, and municipal engineering projects. Its major subsidiaries include CITIC Construction Company Limited (CITIC Construction) and CITIC Engineering Design and Construction Company Limited (CITIC Engineering Design). CITIC Construction is an integrated engineering services company, which provides management and engineering, procurement and construction (EPC) services on large industrial and civil infrastructure projects. Its primary markets include Africa, Latin America and Central Asia, and the company is expanding its operations in European markets and within China. The company also provides a suite of value-added and integrated services, such as project planning, design, investment, financing, management, procurement, operation and maintenance. CITIC Engineering Design is a municipal engineering design and management company. Real Estate The company engages in the development, sale and holding of properties. Its subsidiary includes CITIC City Investment & Development Limited that was set up to manage the property business. In 2015, the company’s real estate business sold a total of 2.15 million m2 of residential properties, mainly in projects in Beijing CITIC New Town, Tianjin City Plaza, Changchun CITIC Town, Nanhai CITIC Mountainside Lake, Qingpu Zhujiajiao New Town and Zhuhai Mangrove Bay. It had a total land bank of approximately 19.28 million m2. Others Others include various businesses, including investment and operation of infrastructures, telecommunication services, motor and food and consumer products business, commercial aviation services, publication services and others. Discontinued Operations In March 2016, the company sold its 100% equity interest in CITIC Real Estate Co., Ltd., as well as the mainland residential property assets of CITIC Pacific Limited, to China Overseas Land & Investment Limited. History CITIC Limited was founded in 1987. The company was formerly known as CITIC Pacific Limited and changed its name to CITIC Limited in August 2014.