CITIC : Overseas Regulatory Announcements

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 ANNOUNCEMENTS

(These overseas regulatory announcements are issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

The following announcements are released by CITIC Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited on 24 October 2018:-

• (1)Third Quarter Financial Statement & Dividend Announcement for the Period Ended 30 September 2018; and

• (2) Media release-CITIC Envirotech achieves net profit of S$23.9 million as revenue rises 4.1% to S$238.2 million in 3Q2018.

Hong Kong, 24 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 LTD. (Company registration number: 200306466G)

Listed companies must provide the information required by Appendix 7.2 of the Listing Manual. Adequate disclosure should be given to explain any material extraordinary item either as a footnote of the material extraordinary item or in the "Review of the performance of the group".

Third Quarter Financial Statement & Dividend Announcement for the Period Ended 30 September 2018

PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3),

HALF-YEAR AND FULL YEAR RESULTS

1(a) A statement of comprehensive income (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year.

The Group ($'000)	3 months ended 30/9/2018	3 months ended 30/9/2017 (Restated)	% Increase/ (Decrease)	9 months ended 30/9/2018	9 months ended 30/9/2017 (Restated)	% Increase/ (Decrease)
Revenue Finance income from service concession Other income Changes in inventories Material purchased, consumables used and subcontractors' fees Employee benefits expense Depreciation and amortisation expenses Other operating expenses Finance costs Share of profit of associatesProfit before income taxIncome tax expense Net profit for the period	216,790 21,422	217,136 11,592	(0.2) 84.8 4.1 154.4 254.6 24.9 19.4 93.2 44.0 25.6 (71.7)	743,832 44,606	428,388 34,777	73.6 28.3 70.2 (40.1) (34.1) 99.1 14.9 34.6 23.3 26.0 (54.2) 29.9 53.3 22.0
	238,212 3,356 6,922 (154,782) (13,454) (9,137) (23,016) (10,709) 208	228,728 1,319 1,952 (123,890) (11,270) (4,730) (15,988) (8,526) 734		788,438 12,368 5,740 (499,005) (40,966) (25,298) (55,906) (30,544) 949	463,165 20,636 8,713 (250,632) (35,667) (18,799) (45,344) (24,232) 2,071
	37,600 (13,739)	68,329 (15,277)	(45.0) (10.1) (55.0)	155,776 (46,660)	119,911 (30,446)
	23,861	53,052		109,116	89,465

#Finance income represents the interest income on the long-term receivables recognised in respect of the service concession arrangements in accordance with INT FRS 112 Service Concession Arrangements.

The Group ($'000)	3 months ended 30/9/2018	3 months ended 30/9/2017 (Restated)	% Increase/ (Decrease)	9 months ended 30/9/2018	9 months ended 30/9/2017 (Restated)	% Increase/ (Decrease)
Statement of Comprehensive Income Profit attributable to:Owners of the Company Non-controlling interestsProfit for the period Currency translation gain (loss) Total other comprehensive income for the period Total comprehensive income for the period Total comprehensive income attributable to:Owners of the company Non-controlling interestsTotal comprehensive income for the period	21,940 1,921	49,168 3,884	(55.4) (50.5) (55.0) N/M N/M N/M N/M 189.9 N/M	104,597 4,519	86,966 2,499	20.3 80.8 22.0 1,332.0 1,332.0 (52.5) (48.4) N/M (52.5)
	23,861 (61,825)	53,052 12,741		109,116 (68,949)	89,465 (4,815)
	(61,825)	12,741		(68,949)	(4,815)
	(37,964)	65,793		40,167	84,650
	(32,038) (5,926)	67,837 (2,044)		43,494 (3,327)	84,296 354
	(37,964)	65,793		40,167	84,650

1(a)(ii) Breakdown to statement of comprehensive income

The Group ($'000)	3 months ended 30/9/2018	3 months ended 30/9/2017 (Restated)	% Increase/ (Decrease)	9 months ended 30/9/2018	9 months ended 30/9/2017 (Restated)	% Increase/ (Decrease)
Employee share option expense Interest expense on bank borrowings and finance leases Interest expense on MTN bond Interest income Foreign currency exchange loss/(gain) (Gain)/Loss on disposal of subsidiaries Loss on strike-off of subsidiary Allowance for doubtful receivables Reversal of allowance for doubtful receivables	343 10,709 - (972) 2,169 - 960 - -	409 5,364 3,162 (782) 4,610 - - - -	(16.1) 99.6 N/M 24.3 (53.0) - N/M - -	685 27,038 3,506 (2,723) 3,395 (3,136) 960 556 (281)	1,226 15,826 8,406 (1,968) 8,132 781 - - -	(44.1) 70.8 (58.3) 38.4 (58.3) N/M N/M N/M N/M

N/M: Not meaningful

1(b)(i) A statement of financial position (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year.

Group 30/9/2018 $'000	Group 31/12/2017 $'000 (Restated)	Group 1/1/2017 $'000 (Restated)	Company 30/9/2018 $'000	Company 31/12/2017 $'000
ASSETS
Current assets:
Cash and bank balances	385,387	631,304	493,541	5,407	259,081
Trade receivables	282,236	267,518	240,414	-	-
Service concession receivables	6,578	6,113	6,248	-	-
Other receivables and prepayments	342,039	204,550	141,233	881,074	918,580
Inventories	31,110	25,370	13,777	-	-
Prepaid leases	1,835	2,134	736	-	-
1,049,185	1,136,989	895,949	886,481	1,177,661
Assets classified as held for sale	-	55,546	55,645	-	-
Total current assets	1,049,185	1,192,535	951,594	886,481	1,177,661
Non-current assets:
Contract assets	167,806	291,801	9,412	-	-
Service concession receivables	678,675	672,826	597,191	-	-
Other receivables and prepayments	32,889	32,163	15,577	-	-
Prepaid leases	87,847	85,850	39,996	-	-
Subsidiaries	-	-	-	785,762	595,233
Associates	41,059	29,720	17,807	10,588	10,588
Property, plant and equipment	1,260,781	720,545	374,470	246	309
Goodwill	255,365	255,365	255,365	-	-
Intangible assets	281,873	252,636	271,894	200	200
Available-for-sale financial asset	4,530	2,660	-	-	-
Deferred tax assets	590	470	1,111	-	-
Total non-current assets	2,811,415	2,344,036	1,582,823	796,796	606,330
Total assets	3,860,600	3,536,571	2,534,417	1,683,277	1,783,991
LIABILITIES AND EQUITY
Current liabilities:
Bank loans	193,434	197,070	76,499	13,640	-
Medium term notes	-	224,559	-	-	224,559
Trade payables	937,154	692,519	301,029	-	-
Other payables	90,067	85,587	77,849	205,942	172,883
Finance leases	100	116	161	39	39
Income tax payable	67,678	55,336	29,273	-	-
1,288,433	1,255,187	484,811	219,621	397,481
Liabilities directly associated with assets classified as held for sale	-	4,779	31,952	-	-
Total current liabilities	1,288,433	1,259,966	516,763	219,621	397,481
Non-current liabilities:
Bank loans	607,939	387,725	256,868	-	-
Finance leases	163	236	169	109	139
Medium term notes	-	-	223,449	-	-
Deferred tax liabilities	57,304	52,294	45,432	-	-
Total non-current liabilities	665,406	440,255	525,918	109	139

Group 30/9/2018 $'000	Group 31/12/2017 $'000 (Restated)	Group 1/1/2017 $'000 (Restated)	Company 30/9/2018 $'000	Company 31/12/2017 $'000
Capital, reserves and non-controlling interests:
Share capital	715,060	622,741	608,063	715,060	622,741
Perpetual capital securities	717,600	717,600	481,250	717,600	717,600
General reserve	11,279	10,569	7,414	-	-
Capital reserve	6,073	6,073	2,096	-	-
Share option reserve	13,420	21,848	27,782	13,420	21,848
Currency translation reserve	(80,259)	(19,156)	(11,999)	(3,880)	(13,005)
Retained earnings	357,111	324,419	260,981	21,347	37,187
Equity attributable to owners of the Company	1,740,284	1,684,094	1,375,587	1,463,547	1,386,371
Non-controlling interests	166,477	152,256	116,149	-	-
Total equity	1,906,761	1,836,350	1,491,736	1,463,547	1,386,371
Total liabilities and equity	3,860,600	3,536,571	2,534,417	1,683,277	1,783,991

1(b)(ii) Aggregate amount of group's borrowings and debt securities.

Amount repayable in one year or less, or on demand

As at 30/9/2018

As at 31/12/2017

Secured Unsecured	Secured	Unsecured
$'000 $'000	$'000	$'000
193,534 -	197,186	224,559
Amount repayable after one year
As at 30/9/2018

As at 31/12/2017

Secured	Unsecured	Secured	Unsecured
$'000	$'000	$'000	$'000
608,102	-	387,961	-

Details of any collateral

• 1. The finance leases of $263,000 (31 December 2017: $352,000) is secured over the Group's motor vehicles.

• 2. The bank loans of $801,373,000 (31 December 2017: $584,795,000) are secured over the concession receivables, intangible assets, treatment plants, prepaid lease and leasehold buildings of its subsidiaries.