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 18 September 2020:-

Redemption of S$240,000,000 3.90 per cent Senior Perpetual Securities (ISIN: SG7IA3000003) issued on 19 October 2017 under the US$1,500,000,000 Multicurrency Perpetual Securities Issuance Programme of CITIC Envirotech Ltd.

Hong Kong, 18 September 2020

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 Shohei Harada and Mr Gregory Lynn Curl.

CITIC ENVIROTECH LTD

(Company Registration Number: 200306466G)

REDEMPTION OF S$240,000,000 3.90 PER CENT SENIOR PERPETUAL SECURITIES (ISIN: SG7IA3000003) ("SECURITIES") ISSUED ON 19 OCTOBER 2017 UNDER THE US$1,500,000,000 MULTICURRENCY PERPETUAL SECURITIES ISSUANCE PROGRAMME OF CITIC ENVIROTECH LTD. (THE "ISSUER")

We refer to the trust deed dated 14 November 2015 (the "Trust Deed") entered into by (1) CITIC Envirotech Ltd. (the "Company") and (2) DB International Trust (Singapore) Limited as Trustee, the agency agreement dated 14 November 2015 (the "Agency Agreement") entered into by (1) the Company as Issuer, (2) Deutsche Bank AG, Singapore Branch as Principal Paying Agent, CDP Registrar and CDP Transfer Agent, (3) Deutsche Bank AG, Hong Kong Branch as Non-CDP Paying Agent and Non-CDP Transfer Agent, (4) Deutsche Bank Luxembourg S.A. as Non-CDP Registrar and (5) DB International Trust (Singapore) Limited as Trustee, the pricing supplement dated 13 October 2017 for the Securities (the "Pricing Supplement") and the global certificate dated 19 October 2017 issued in respect of the Securities (the "Global Certificate").

Terms defined in the Trust Deed, Agency Agreement, the Pricing Supplement and the Global Certificate shall have the same meanings in this notice, except where the context otherwise requires or except where otherwise specifically provided herein.

NOTICE IS HEREBY GIVEN that the Company elects to redeem all, but not some only, of the Securities on 19 October 2020 pursuant to Condition 6(b) of the terms and conditions of the Securities at their Denomination Amount, together with Distribution accrued (including any Arrears of Distribution and any Additional Distribution Amount) (if any) to (but excluding) 19 October 2020.

The details of the redemption in respect of the Securities are as follows:

ISIN Code:	SG7IA3000003
Common Code:	170336445
Redemption Date:	19 October 2020, being the First Call Date.
Redemption Amount:	At Denomination Amount, together with Distribution accrued
	(including any Arrears of Distribution and any Additional
	Distribution Amount) (if any) to (but excluding) 19 October 2020.
Denomination Amount:	S$250,000
Manner of Redemption:	On the Redemption Date, the Issuer shall be bound to redeem the
	Securities by payment of the Redemption Amount. The issuer shall
	make or cause to be made payment of the redemption moneys to The
	Central Depository (Pte) Limited ("CDP") for the account of the
	holders of the Securities. Such redemption moneys will be paid to the
	persons who, are shown in the records of CDP as holders of the
	Securities, via the payment method as agreed between themselves and
	CDP.

Upon the redemption of the Securities, the Securities will be cancelled thereafter and delisted from the Singapore Exchange Securities Trading Limited.

No representation is made as to the correctness of the Common Code or the ISIN Code as contained in this Notice. Reliance may be placed only on the identification numbers printed on the Securities.

By Order of the Board

CITIC Envirotech Ltd.

18 September 2020