CITIC : Overseas Regulatory Announcement

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.

OVERSEAS REGULATORY ANNOUNCEMENT

(This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

The following announcement is released by CITIC Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited on 17 October 2018:-

Media release-CITIC Envirotech to acquire 20% stake in advanced water treatment engineering firm

Hong Kong, 17 October 2018

As at the date of this announcement, the executive directors of CITIC Limited are Mr Chang Zhenming (Chairman), Mr Wang Jiong, Ms Li Qingping and Mr Pu Jian; the non-executive directors of CITIC Limited are Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, Mr Peng Yanxiang, Mr Liu Zhongyuan, Mr Yang Xiaoping and Mr Wu Youguang; and the independent non-executive directors of CITIC Limited are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Ms Lee Boo Jin, Mr Paul Chow Man Yiu and Mr Shohei Harada.

CITIC Envirotech to acquire 20% stake in advanced water treatment engineering firm

• •Target is Century Water Systems & Technologies, which will be the first candidate for its accelerator programme under the Group's wholly-owned subsidiary, Singapore Envirotech Accelerator.

• •Target's Nanofiltration and Pervaporation membrane technologies complement the Group's existing products and technologies.

• •Expects to benefit from the Target's regional network and strong links to the pharmaceutical and semiconductor sectors.

SINGAPORE - 17 October 2018 -SGX-Mainboard listed CITIC Envirotech Ltd ("CEL", or together with its subsidiaries, the "Group"), today unveils its inaugural candidate for its accelerator programme, under its wholly-owned subsidiary Singapore Envirotech Accelerator Pte Ltd ("SEA"), with a proposed acquisition of a 20% stake in Century Water Systems & Technologies Pte. Ltd. ("Century" or the "Target").

The proposed acquisition will see CEL subscribe for 250,000 new shares in Century at $6.91 per share for a total consideration of S$1.73 million, which will be funded by CEL's internal resources.

Headquartered in Singapore, Century is an innovative and advanced water treatment engineering firm that specialises in water purification Nanofiltration ("NF") and Pervaporation ("PV") membranes and wastewater treatment systems and technologies. It provides engineering, procurement, construction, operation and maintenance services to industrial customers. With a market reach that extends beyond Singapore to Malaysia, Indonesia, India, Myanmar and China, its customers are mainly in the pharmaceutical and semiconductor segments and include household names such as Philips Lumileds, Micron and Pfizer.

Having obtained exclusive licenses for both its NF and PV membrane technologies, Century expects to gain strong technological advantages from a successful commercialisation of the technologies.

Mr Hao Weibao,Executive Chairman and Group Chief Executive Officer of CEL, said:"SEA was established with the objective of partnering innovative firms to accelerate and commercialise promising environmental technologies drawn from intellectual properties and R&D performed locally and internationally by institutions, industry and technopreneurs.

"We believe that we have found a good first candidate in Century, whose NF and PV technologies complement our own microfiltration, reverse osmosis and ultrafiltration technologies and we will work closely with Century towards commercialisation of its technology. This partnership also paves the way for us to tap on their expertise to offer an even broader spectrum of filtration solutions for wastewater treatment as well as enable us to leverage on Century's network in Southeast Asia and strong links to the pharmaceutical and semiconductor sectors to expand our presence in these markets and industries."

Supported by the Singapore Economic Development Board, SEA's corporate mission is to identify promising Small- and Medium-Enterprises to fund and mentor and to bring their innovations to market and eventually for a potential listing on the Singapore bourse. CEL has committed to investing S$30 million over four years and employing at least 35 technology personnel for SEA.

-- End --

About CITIC Envirotech Ltd ("CEL")

Listed on the Mainboard of the Singapore Stock Exchange, CEL is a leading membrane-based integrated environmental solutions provider specializing in water and wastewater treatment, water supply and recycling. It is also engaged in sludge and hazardous waste treatment as well as river restoration. CEL undertakes both turnkey and investment projects as well as provides plant operation and maintenance services in water and environmental projects.

CEL has a strong track record as a technologically-driven company with solid core expertise and has designed and built several of the largest treatment plants in Asia using its proprietary Membrane Bioreactor (MBR) and Continuous Membrane Filtration (CMF) technologies.

CEL has invested in more than 60 water plants across 11 provinces in the PRC and Asia, with a total design capacity of more than 6 million m3/day, and its vision is to be a leading membrane technology-based global water player. It currently employs about 2,000 employees in over 80 subsidiaries located in Singapore, China, USA, Malaysia and Indonesia.

About Singapore Envirotech Accelerator ("SEA")

Singapore Envirotech Accelerator Pte. Ltd. (SEA) was formed in collaboration with the Singapore Economic Development Board. A wholly-owned subsidiary of CITIC Envirotech Limited ("CEL"), SEA is initially co-funded by an EDB grant and by CEL.

For analyst and media queries, please contact:

August Consulting

Tel: [phone]

Wrisney Tan,[e-mail] Ong,[e-mail]