The Board of CITIC Limited announced that Mr. Mu Guoxin ("Mr. Mu") has been appointed as a Non-executive Director of the Company with effect from 26 October 2023. Mr. Mu, aged 56, is currently the appointed director and supervisor, and a member of the Discipline Inspection Commission of the National Council for Social Security Fund, PRC (the SSF), a non- executive director of Bank of Communications Co. Ltd. (listed on the Shanghai Stock Exchange and the Main Board of the Hong Kong Stock Exchange), a director of COFCO Fortune Co.

Ltd. and CCB Life Insurance Company Limited. He worked at the Ministry of Finance, and was an officer (during which period he had grass-roots work experience in Zhuozhou Finance Bureau of Hebei Province), a staff member, a deputy principal staff member of the First Division of the Accounting Affairs Management Department; a deputy principal staff member, a principal staff member of the General Division of the Accounting Department; a deputy division director of the Second Division of Systems of the Accounting Department. At SSF, he had successively held the posts of Deputy Director (during which period he studied in the cadre training class of the Central Party School and State Organs Branch), Director, Deputy Director General (during which period he studied in Peking University cooperated with the National Academy of Governance majoring in Public Management) and Director General of the Finance and Accounting Department.

Mr. Mu graduated from the Central Institute of Finance, majoring in Accounting, with a bachelor degree. He also obtained a master degree majoring in Public Administration.