CITIC LIMITED 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 9 January 2017:-Incorporation of Subsidiaries; and
CITIC Envirotech Ltd secured its first River Restoration Project in Jiangsu worth RMB 650 million.
Hong Kong, 9 January 2017
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 Yang Jinming, Mr Liu Yeqiao, Mr Song Kangle, Ms Yan Shuqin, 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, Ms Lee Boo Jin, Mr Noriharu Fujita and Mr Paul Chow Man Yiu.
CITIC ENVIROTECH LTD(Company Registration Number: 200306466G)
=============================================================== INCORPORATION OF SUBSIDIARIESThe Board of Directors (the "Board") of CITIC Envirotech Ltd ("Company" or "Group") wishes to announce that the Group has incorporated the following subsidiaries:
Rizhao United Envirotech Co., Ltd
CITIC Envirotech (Shantou) Integrated Dyestuff Environmental Development Co., Ltd
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Rizhao United Envirotech Co., Ltd
With reference to the announcement made by the Company dated 9 December 2016 on the award of a BOO project for a 95,000 tons/year hazardous waste treatment project in Rizhao City, Shandong Province, a subsidiary, Rizhao United Envirotech Co., Ltd with a paid-up capital of RMB 82 million has been set up to undertake this project. The subsidiary is 70% owned by the Group, and the remaining 30% by the local partner.
- CITIC Envirotech (Shantou) Integrated Dyestuff Environmental Development Co., Ltd
With reference to the announcement made by the Company dated 7 December 2016 on the award of the Shantou Chaonan PPP project in Shantou City, Guangdong Province, a subsidiary, CITIC Envirotech (Shantou) Integrated Dyestuff Environmental Development Co., Ltd, with a paid-up capital of RMB 600 million has been set up to undertake this project. The subsidiary is 51% owned by the Group and RMB306 million has been paid by the Company.
The capital injection of the above two subsidiaries are funded from the proceeds of the last issuance of the Senior Perpetual Securities.
The above investment has no material effect on the net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2017.
None of the directors or controlling shareholders of the Company has an interest, direct or indirect in the above investment.
BY ORDER OF THE BOARD
Lotus Isabella Lim Mei Hua Company Secretary
9 January 2017
CITIC Limited published this content on 09 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 January 2017 10:20:02 UTC.
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