China CITIC Bank : Announcements and Notices - ANNOUNCEMENT ON THE REPORT ON USE OF THE PREVIOUSLY RAISED FUND FOR THE PERIOD ENDED 31 DECEMBER 2016

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(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 998) ANNOUNCEMENT ON THE REPORT ON USE OF THE PREVIOUSLY RAISED FUND FOR THE PERIOD ENDED 31 DECEMBER 2016

References are made to the announcement on the proposed issuance of A share convertible corporate bonds dated 25 August 2016, the notices of the first extraordinary general meeting of 2017 and first H shareholders class meeting of 2017 dated 21 December 2016 and the circular of the first extraordinary general meeting of 2017 and first H shareholders class meeting of 2017 dated 12 January 2017 of China CITIC Bank Corporation Limited (the "Bank").

The Bank has prepared the Report on Use of the Previously Raised Fund for the Period ended December 31, 2015 of China CITIC Bank Corporation Limited in accordance with the provisions of Regulations on Reporting the Utilization Situation of the Previously Raised Fund (Zheng Jian Fa Xing Zi [2007] No. 500) by the China Securities Regulatory Commission. Such report is submitted to the first extraordinary general meeting of 2017 as the fourth proposal for the consideration and approval of the Bank's shareholders. On 18 January 2017, the Bank has received a written notice from CITIC Corporation Limited of its intention to propose a resolution for the approval on the Report on Use of Previously Raised Fund for the Period ended December 31, 2016 of China CITIC Bank Corporation Limited (the "Report on Use of Previously Raised Fund as of 2016"). As the preparation period of the general meeting for approval of issuance of convertible corporate bonds lasts from financial year 2016 to financial year 2017, the Bank has prepared Report on Use of

Previously Raised Fund as of 2016 in accordance with relevant regulatory requirements. The full text of the Report on Use of Previously Raised Fund as of 2016 is disclosed in the supplemental circular of the first extraordinary general meeting of 2017 dated 19 January 2017.

By order of the Board of Directors

China CITIC Bank Corporation Limited Li Qingping

Chairperson

Beijing, the PRC 18 January 2017

As at the date of this announcement, the executive directors of the Bank are Ms. Li Qingping (Chairperson) and Mr. Sun Deshun (President); the non-executive directors are Mr. Chang Zhenming, Mr. Zhu Xiaohuang, Ms. Huang Fang and Mr. Wan Liming; and the independent non- executive directors are Ms. Wu Xiaoqing, Mr. Wong Luen Cheung Andrew, Mr. He Cao, Ms. Chen Lihua and Mr. Qian Jun.