The Board of CITIC Limited announced that Mr. Zhu Hexin ("Mr. Zhu") has tendered his resignation as Chairman of the Board and Executive Director, Chairman of Nomination Committee, Chairman of Strategic Committee and Chairman of Executive Committee of the Company due to other work commitments. All the above resignations take effect from 13 December 2023. Mr. Zhu has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

Mr. Zhu served as the Chairman of the Board since March 2020. The Board expresses its sincere gratitude to Mr. Zhu for his service and valuable contribution to the Company. Upon the resignation of Mr. Zhu, the Chairman of the Nomination Committee of the Company becomes vacant.

The Company will as soon as practicable identify a suitable candidate to fill the vacancy of the Chairman of Nomination Committee.