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 30 December 2019:-

1. Pre-ConditionalExit Offer for the Proposed Voluntary Delisting of CITIC Envirotech Ltd. - Fulfilment of Pre-Condition; and
2. Request for Trading Halt

Hong Kong, 30 December 2019

As at the date of this announcement, the executive directors of CITIC Limited are Mr Chang Zhenming (Chairman), Mr Wang Jiong and Ms Li Qingping; the non-executive directors of CITIC Limited are Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, Mr Peng Yanxiang, 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	CKM (CAYMAN) COMPANY LIMITED
(Company Registration No. 200306466G)	(Cayman Company No. 292230)
(Incorporated in Singapore)	(Incorporated in the Cayman Islands)

PRE-CONDITIONAL EXIT OFFER FOR

THE PROPOSED VOLUNTARY DELISTING OF CITIC ENVIROTECH LTD.

• FULFILMENT OF PRE-CONDITION

1. INTRODUCTION
   Reference is made to the Exit Offer Letter and Delisting Circular, both dated 16 December 2019 in relation to the Exit Offer.
   All capitalised terms used herein shall have the meanings ascribed to them in the aforesaid, unless otherwise defined.
2. FULFILMENT OF PRE-CONDITION
   The Offeror has today obtained the requisite approvals and filings of/with the PRC National Development and Reform Commission, PRC Ministry of Commerce and PRC State Administration for Foreign Exchange in respect of the Exit Offer.
   Accordingly, the Pre-Condition has been fulfilled.
3. FORMAL EXIT OFFER ANNOUNCEMENT
   As set out in section 2.2 of the Exit Offer Letter, following the fulfilment of the Pre-Condition, the Offeror will make the Formal Exit Offer Announcement within five Business Days from the date of this Announcement.
   Accordingly, upon making of the Formal Exit Offer Announcement, the Exit Offer will remain conditional on Shareholders' Approval to the Delisting Resolution being obtained.
4. PROCEDURES FOR ACCEPTANCE OF THE EXIT OFFER
   Shareholders who wish to accept the Exit Offer may do so by completing and returning the relevant Acceptance Forms and all other relevant documents as soon as possible so as to reach the Offeror c/o The Central Depository (Pte) Limited ("CDP") or Tricor Barbinder Share Registration Services (A division of Tricor Singapore Pte. Ltd.) ("Registrar") (as the case may be) not later than 5.30 p.m. (Singapore time) on the Closing Date. The procedures for acceptance of the Offer are set out in Appendix 1 to the Exit Offer Letter and the accompanying relevant Acceptance Forms.
   If Shareholders are in any doubt about the Exit Offer and/or the course of action they should take, they should consult their stockbroker, bank manager, solicitor, accountant, tax adviser or other professional adviser immediately.
   If you hold Shares and do not receive the Exit Offer Letter, the relevant Acceptance Forms and/or the Delisting Circular, please contact CDP or the Registrar, as the case may be, immediately at the following addresses:
5. 1. If you hold Offer Shares which are deposited with the CDP as a Depositor, please contact:

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The Central Depository (Pte) Limited

9 North Buona Vista Drive

#01-19/20 The Metropolis

Singapore 138588

Copies of the Exit Offer Letter and the FAA may be obtained by Depositors from CDP during normal business hours and up to 5.30 p.m. (Singapore time) on the Closing Date, upon production of satisfactory evidence to this effect.

1. If you hold Offer Shares in scrip form ("Scripholder"), please contact:
   Tricor Barbinder Share Registration Services (A division of Tricor Singapore Pte. Ltd.)
   80 Robinson Road #11-02 Singapore 068898
   Copies of the Exit Offer Letter and the FAT may be obtained by Scripholders from the Registrar during normal business hours and up to 5.30 p.m. (Singapore time) on the Closing Date, upon production of satisfactory evidence to this effect.

5. RESPONSIBILITY STATEMENTS

The Offeror Directors (including any who may have delegated supervision of this Announcement) have taken all reasonable care to ensure the facts stated and all opinions expressed herein (other than those relating to the Company and any opinion expressed by the Company) are fair and accurate, and where appropriate, no material facts have been omitted, the omission of which would make any statement in this Announcement misleading and they hereby collectively and individually accept full responsibility. Where information in this Announcement has been extracted from published or otherwise publicly available sources or obtained from a named source, the sole responsibility of the Offeror Directors has been to ensure that such information has been accurately and correctly extracted from those sources and/or reproduced in this Announcement in its proper form and context.

The Directors of the Company (including any who may have delegated supervision of this Announcement) have taken all reasonable care to ensure the facts stated and all opinions expressed herein (other than those relating to the Delisting Proposal, the Offeror and persons acting in concert with it) are fair and accurate, and where appropriate, no material facts have been omitted, the omission of which would make any statement in this Announcement misleading and they hereby collectively and individually accept full responsibility. Where information in this Announcement has been extracted from published or otherwise publicly available sources or obtained from a named source, the sole responsibility of the Directors of the Company has been to ensure that such information has been accurately and correctly extracted from those sources and/or reproduced in this Announcement in its proper form and context.

BY ORDER OF THE BOARD	BY ORDER OF THE BOARD
CITIC ENVIROTECH LTD.	CKM (CAYMAN) COMPANY LIMITED
Dr. Chong Weng Chiew	Mr. Wang Song
Director	Director

30 December 2019

Any enquiries relating to this Announcement or the Exit Offer should be directed during office hours to the CLSA helpline at (65) 6416 7888.

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