DOCSLIB.ORG

CITIC Limited 中國中信股份有限公司 (Incorporated in Hong Kong with Limited Liability) (Stock Code: 00267)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
CITIC Limited 中國中信股份有限公司 (Incorporated in Hong Kong with Limited Liability) (Stock Code: 00267) THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other licensed securities dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in CITIC Limited, you should at once hand this circular and the accompanying proxy form to the purchaser or the transferee or to the licensed securities dealer or registered institution in securities or other agent through whom the sale or transfer was effected for transmission to the purchaser or the transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the contents of this circular. CITIC Limited 中國中信股份有限公司 (Incorporated in Hong Kong with limited liability) (Stock Code: 00267) I. PROPOSALS FOR GENERAL MANDATES TO ISSUE SHARES AND TO REPURCHASE SHARES, RE-ELECTION OF DIRECTORS AND PAYMENT OF FINAL DIVIDEND AND II. NOTICE OF ANNUAL GENERAL MEETING A notice convening the Annual General Meeting of CITIC Limited to be held at Salon 4–6, Level 3, JW Marriott Hotel Hong Kong, Pacific Place, 88 Queensway, Hong Kong on Wednesday, 9 June 2021 at 11:00 a.m. is set out on pages 21 to 25 of this circular. Whether Shareholders are able to attend the Annual General Meeting physically or online, they are encouraged to appoint the Chairman of the Annual General Meeting as their proxy by completing the accompanying proxy form in accordance with the instructions printed thereon and returning it to CITIC Limited’s Share Registrar, Tricor Tengis Limited, at Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong as soon as possible and in any event so that it is received not less than 48 hours (excluding any part of a day that is a public holiday) before the time appointed for the holding of the Annual General Meeting or any adjournment thereof (as the case may be). Completion and return of the proxy form will not preclude Shareholders from attending and voting in person (whether physically or by means of electronic facilities) at the Annual General Meeting or any adjournment thereof (as the case may be) should they subsequently so wish, and, in such event, the proxy shall be deemed to be revoked. For the Annual General Meeting convened to be held on Wednesday, 9 June 2021 at 11:00 a.m., the deadline to submit completed proxy forms is Monday, 7 June 2021 at 11:00 a.m.. PRECAUTIONARY MEASURES FOR PHYSICAL ATTENDANCE AT THE ANNUAL GENERAL MEETING The following precautionary measures will be implemented at the Annual General Meeting venue: (1) Compulsory temperature checks (2) Submission of Health Declaration Form (3) Wearing of surgical face mask (4) Safe distancing measures for queue management and seating at the venue (5) No provision of refreshments or drinks Attendees who do not comply with the precautionary measures referred to in (1) to (4) above may be denied entry to the Annual General Meeting venue at the absolute discretion of CITIC Limited as permitted by law. For the health of the Annual General Meeting attendees, CITIC Limited would encourage Shareholders to exercise their rights to attend and vote at the Annual General Meeting online. If Shareholders are unable to attend the Annual General Meeting in person or online, they still can appoint the Chairman of the Annual General Meeting as their proxy and return their proxy forms by the time specified above. 7 May 2021 CONTENTS Page Guidance for the Annual General Meeting ................................. 1 Precautionary Measures for Physical Attendance at the Annual General Meeting ......................................... 4 Definitions ............................................................ 6 Letter from the Chairman 1. Introduction .................................................. 9 2. Proposed general mandates to issue Shares and to repurchase Shares ... 9 3. Proposed re-election of Directors ................................. 9 4. Proposed payment of 2020 Final Dividend ......................... 11 5. Annual General Meeting ........................................ 12 6. Recommendation .............................................. 13 Appendix I — Explanatory Statement and Memorandum in relation to the Buyback Mandate .................. 14 Appendix II — Bio Data of Directors offering for re-election at the Annual General Meeting ...................... 17 Appendix III — Notice of Annual General Meeting ..................... 21 –i– GUIDANCE FOR THE ANNUAL GENERAL MEETING As at the date of this circular, the Hong Kong Government’s social distancing laws and regulations remain in place and for shareholders’ meeting of a listed company, the number of persons permitted in a room or partitioned area is specified in the prevailing Prevention and Control of Disease (Prohibition on Group Gathering) Regulation, Cap. 599G. CITIC Limited does not in any way wish to diminish the opportunity available to Shareholders to exercise their rights and to vote, but is conscious of the need to protect Annual General Meeting attendees from possible exposure to the COVID-19 pandemic. For the health of Annual General Meeting attendees, CITIC Limited would strongly encourage Shareholders to (i) attend and vote at the Annual General Meeting online; or (ii) exercise their rights to vote at the Annual General Meeting by appointing the Chairman of the Annual General Meeting as their proxy instead of attending the physical Annual General Meeting. ATTENDING THE ANNUAL GENERAL MEETING BY MEANS OF ELECTRONIC FACILITIES CITIC Limited will conduct the Annual General Meeting as a hybrid meeting using Tricor e-Meeting System, which allows Shareholders to participate in the Annual General Meeting online in a convenient and efficient way from anywhere with an internet connection, in addition to the traditional physical attendance at the Annual General Meeting. Shareholders will be able to view the live broadcast and participate in voting and submit questions in written form to the Annual General Meeting via their mobile phones, tablet, or computers. Tricor e-Meeting System will be open for the Registered Shareholders and Non-registered Shareholders (see below for login details and arrangement) to log in from 10:30 a.m. on 9 June 2021 (i.e. approximately 30 minutes prior to the commencement of the Annual General Meeting). Shareholders should allow ample time to check into Tricor e-Meeting System to complete the related procedures. Please refer to the Online Meeting User Guide in relation to the procedures of the online meeting at https://spot-emeeting.tricor.hk/#/267. Login details for Registered Shareholders: Details regarding the Annual General Meeting arrangements including login details to access Tricor e-Meeting System are included in CITIC Limited’s notification letter to Registered Shareholders (the “Shareholder Notification”) sent together with this circular. Login details for Non-registered Shareholders: Non-registered Shareholders who wish to attend and vote at the Annual General Meeting using Tricor e-Meeting System should (1) contact and instruct their banks, brokers, custodians or HKSCC Nominees Limited through which their shares are held (together, the “Intermediary”) to appoint themselves as proxy or corporate representative to attend the Annual General Meeting and (2) provide their email address to their Intermediary before the time limit required by the relevant Intermediary. Details regarding the Annual General Meeting arrangements including login details to access Tricor e-Meeting System will be sent by CITIC Limited’s Share Registrar, Tricor Tengis Limited, to the email address of the Non-registered Shareholders provided by the Intermediary. Any Non-registered Shareholder who has provided an email address through the relevant Intermediary for this purpose but has not received the login details by email by 11:00 a.m. on Tuesday, 8 June 2021 should reach out –1– GUIDANCE FOR THE ANNUAL GENERAL MEETING to CITIC Limited’s Share Registrar for assistance. Without the login details, Non-registered Shareholders will not be able to participate and vote using Tricor e-Meeting System. Non-registered Shareholders should therefore give clear and specific instructions to their Intermediary in respect of both (1) and (2) above. Registered Shareholders and Non-registered Shareholders should note that only one device is allowed per login. Please also keep the login details in safe custody for use at the Annual General Meeting and do not disclose them to anyone else. Neither CITIC Limited nor its Share Registrar assume any obligation or liability whatsoever in connection with the transmission of the login details or any use of the login details for voting or otherwise. VOTING SYSTEM AT THE ANNUAL GENERAL MEETING e-Voting system will be used at the Annual General Meeting to enhance the efficiency in the poll counting process. This is a full paperless Annual General Meeting process that facilitate easy and intuitive voting procedures for Shareholders. For online voting at the Annual General Meeting, Shareholders can refer to the Online Meeting User Guide by visiting at https://spot-emeeting.tricor.hk/#/267 for details. QUESTIONS AT THE ANNUAL GENERAL MEETING Shareholders
Load more

Recommended publications
  • Announcement Report for the First Quarter of 2021 Of
    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. ANNOUNCEMENT REPORT FOR THE FIRST QUARTER OF 2021 OF CHINA CITIC BANK CORPORATION LIMITED This announcement is made by CITIC Limited (the “Company”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Company notes the announcement (the “CITIC Bank Announcement”) of today’s date made by China CITIC Bank Corporation Limited (“CITIC Bank”), a principal subsidiary of the Company, in relation to the unaudited consolidated results of CITIC Bank and its subsidiaries for the first quarter ended 31 March 2021. The CITIC Bank Announcement is available on the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and is set out at the end of this announcement. By Order of the Board CITIC Limited Zhu Hexin Chairman Hong Kong, 29 April 2021 As at the date of this announcement, the executive directors of the Company are Mr Zhu Hexin (Chairman), Mr Xi Guohua and Ms Li Qingping; the non-executive directors of the Company are Mr Song Kangle, Mr Liu Zhuyu, Mr Peng Yanxiang, Ms Yu Yang, Mr Liu Zhongyuan and Mr Yang Xiaoping; and the independent non-executive directors of the Company are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Mr Shohei Harada and Mr Gregory Lynn Curl.
    [Show full text]
  • 中國中車股份有限公司 Crrc Corporation 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. 中 國 中 車 股 份 有 限 公 司 CRRC CORPORATION LIMITED (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1766) US$600,000,000 Zero Coupon Convertible Bonds due 2021 Stock code: 5613 2018 INTERIM RESULTS ANNOUNCEMENT The board of directors of CRRC Corporation Limited (the “Company”) is pleased to announce the unaudited results of the Company and its subsidiaries for the six months ended 30 June 2018. This announcement, containing the main text of the 2018 interim report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in relation to information to accompany preliminary announcements of interim results. The 2018 interim report of the Company and its printed version will be published and delivered to the H shareholders of the Company and available for view on the websites of the Stock Exchange at http://www.hkex.com.hk and of the Company at http://www.crrcgc.cc on or before 30 September 2018. By order of the Board CRRC Corporation Limited Liu Hualong Chairman Beijing, the PRC 24 August 2018 As at the date of this announcement, the executive directors of the Company are Mr.
    [Show full text]
  • Agricultural Bank of China Financial Statements
    Agricultural Bank Of China Financial Statements approvesGibbose Aldus her decorums marvelling euphemistically. his Gunther deplumes Is Winny loweringly. always poison-pen Sinusoidal and Dirk unremitted still outlash: when diverting lapidifies and some investigative stang very Kristopher newly and regrant neurotically? quite somnolently but Their authorization to be expected credit asset portfolios utilising less any significant inputs into in other credit products and supervision of china agricultural financial statements of bank China Ltd and Vice President of the Agricultural Bank of China Prior action that Mr Pan control several positions in the Industrial and county Bank of China Ltd. By lending to companies large because small, we help your grow, creating jobs and real economic value or home currency in communities around your world. GSX reported in mud past. Explore strong compliance department, financial statements represent. Financial report contained in job Bank's 2017 Annual Report. Casualty implemented organizational structure of china accounting firm hired: e generally review. He is likely not become president of the Hong Kong- and Shanghai-listed bank upon approval from your board and financial regulators according to. ACGBF Agricultural Bank of China Ltd Financial Results. Services for ordinary rural areas and farmers across one board. This statistic shows the quick of the Agricultural Bank of China from 200 to 2019. Recently the New York Department of Financial Services became the tube in. Please do not solemn to contact me. Clubhouse announcement regarding identification of china agricultural bank and the dialogue with effect. GUANGZHOU China--BUSINESS WIRE--XPeng Inc XPeng or the. Bank, ABC Financial Assets Investment Co.
    [Show full text]
  • Annual Report 2019 Mobility
    (a joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock Code: 1766 Annual Report Annual Report 2019 Mobility 2019 for Future Connection Important 1 The Board and the Supervisory Committee of the Company and its Directors, Supervisors and Senior Management warrant that there are no false representations, misleading statements contained in or material omissions from this annual report and they will assume joint and several legal liabilities for the truthfulness, accuracy and completeness of the contents disclosed herein. 2 This report has been considered and approved at the seventeenth meeting of the second session of the Board of the Company. All Directors attended the Board meeting. 3 Deloitte Touche Tohmatsu CPA LLP has issued standard unqualified audit report for the Company’s financial statements prepared under the China Accounting Standards for Business Enterprises in accordance with PRC Auditing Standards. 4 Liu Hualong, the Chairman of the Company, Li Zheng, the Chief Financial Officer and Wang Jian, the head of the Accounting Department (person in charge of accounting affairs) warrant the truthfulness, accuracy and completeness of the financial statements in this annual report. 5 Statement for the risks involved in the forward-looking statements: this report contains forward-looking statements that involve future plans and development strategies which do not constitute a substantive commitment by the Company to investors. Investors should be aware of the investment risks. 6 The Company has proposed to distribute a cash dividend of RMB0.15 (tax inclusive) per share to all Shareholders based on the total share capital of the Company of 28,698,864,088 shares as at 31 December 2019.
    [Show full text]
  • 2020 Annual Report 2020
    VPower Group International Holdings Limited (根據開曼群島法例註冊成立之有限公司) 股份代號： 年度報告 ANNUAL REPORT 偉能集團國際控股有限公 202 0 2020 司 Annual Report 2020 CNCNTICT IC VVPOWERPOWE R CNTIC VPOWER 年度報 告 CONTENTS INTRODUCTION Company Profile 02 Awards and Recognition 03 Year at a Glance 04 Chairman’s Statement 06 MANAGEMENT Management Discussion and Analysis 10 Biography of Directors and Management Team 22 Corporate Governance Report 29 Directors’ Report 38 Risk Management 53 FINANCIALS Independent Auditor’s Report 57 Consolidated Statement of Profit or Loss 64 Consolidated Statement of Comprehensive Income 65 Consolidated Statement of Financial Position 66 Consolidated Statement of Changes in Equity 68 Consolidated Statement of Cash Flows 69 Notes to Financial Statements 71 Five Year Financial Summary 170 CONTACTS CNTIC VPOWER Corporate Information 172 COMPANY PROFILE VPower Group International Holdings Limited (the “Company”, or together with its subsidiaries, the “Group”) is one of the world’s leading large gen-set system integration providers and one of the leading gas-fired engine-based distributed power generation (“DPG”) station owners and operators in Asia, with more than 20 years of proven operational excellence in the energy market. We deliver much-in-demand electricity to keep industries running and power the regional economic growth through (1) designing, integrating and selling gen-sets and power generation systems that primarily run on natural gas or diesel; and (2) designing, investing in, building and operating DPG stations for off-takers. Together, they make up our two principal business segments: (1) System Integration (“SI”) business; and (2) Investment, Building and Operating (“IBO”) business. Our fast-track power solutions generate stable and reliable electricity in emerging markets to improve the living standards of people; as well as provide flexible and efficient electricity in developed markets to supplement the increasing use of renewable energy due to power reform.
    [Show full text]
  • Signature Redacted I MIT Sino in School of Management May 6, 2016
    Individual Investors, Social Media and Chinese Stock Market: a Correlation Study By Yonghui Wu B.E., Shanghai Jiao Tong University, 2007 M.E., Shanghai Jiao Tong University, 2010 SUBMITTED TO THE MIT SLOAN SCHOOL OF MANAGEMENT IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN MANAGEMENT STUDIES MASSACHUSETTS INSTITUTE OF TECHNOLOGY AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY JUN 082016 JUNE 2016 LIBRARIES @2016 Yonghui Wu. All rights reserved. ARCHIVES The author hereby grants to MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known or hereafter created. Signature of Author: Signature redacted I MIT Sino in School of Management May 6, 2016 Certified by: Signature redacted Erik Brynjolfsson Schussel Family Professor Thesis Supervisor Signature redacted____ Accepted by: Rodrigo S. Verdi Associate Professor of Accounting Program Director, M.S. in Management Studies Program MIT Sloan School of Management Individual Investors, Social Media and Chinese Stock Market: a Correlation Study By Yonghui Wu Submitted to MIT Sloan School of Management on May 6, 2016 in Partial fulfillment of the requirements for the Degree of Master of Science in Management Studies. ABSTRACT Chinese stock market is a unique financial market where heavy involvement of individual investors exists. This article explores how the sentiment expressed on social media is correlated with the stock market in China. Textual analysis for posts from one of the most popular social media in China is conducted based on Hownet and NTUSD, two most commonly used sentiment Chinese dictionaries.
    [Show full text]
  • Reform in Deep Water Zone: How Could China Reform Its State- Dominated Sectors at Commanding Heights
    Reform in Deep Water Zone: How Could China Reform Its State- Dominated Sectors at Commanding Heights Yingqi Tan July 2020 M-RCBG Associate Working Paper Series | No. 153 The views expressed in the M-RCBG Associate Working Paper Series are those of the author(s) and do not necessarily reflect those of the Mossavar-Rahmani Center for Business & Government or of Harvard University. The papers in this series have not undergone formal review and approval; they are presented to elicit feedback and to encourage debate on important public policy challenges. Copyright belongs to the author(s). Papers may be downloaded for personal use only. Mossavar-Rahmani Center for Business & Government Weil Hall | Harvard Kennedy School | www.hks.harvard.edu/mrcbg 1 REFORM IN DEEP WATER ZONE: HOW COULD CHINA REFORM ITS STATE-DOMINATED SECTORS AT COMMANDING HEIGHTS MAY 2020 Yingqi Tan MPP Class of 2020 | Harvard Kennedy School MBA Class of 2020 | Harvard Business School J.D. Candidate Class of 2023 | Harvard Law School RERORM IN DEEP WATER ZONE: HOW COULD CHINA REFORM ITS STATE-DOMINATED SECTORS AT COMMANDING HEIGHTS 2 Contents Table of Contents Contents .................................................................................................. 2 Acknowledgements ................................................................................ 7 Abbreviations ......................................................................................... 8 Introduction .........................................................................................
    [Show full text]
  • Building Development for a New Era. China's Infrastructure Projects In
    BUILDING DEVELOPMENT FOR A NEW ERA CHINA’S INFRASTRUCTURE PROJECTS IN LATIN AMERICA AND THE CARIBBEAN EDITED BY ENRIQUE DUSSEL PETERS | ARIEL C. ARMONY SHOUJUN CUI BUILDING DEVELOPMENT FOR A NEW ERA BUILDING DEVELOPMENT FOR A NEW ERA CHINA’S INFRASTRUCTURE PROJECTS IN LATIN AMERICA AND THE CARIBBEAN Edited by ENRIQUE DUSSEL PETERS, ARIEL C. ARMONY, AND SHOUJUN CUI Published by Asian Studies Center, Center for International Studies, University of Pittsburgh, and Red Académica de América Latina y el Caribe sobre China Copyright © 2018 All rights reserved Manufactured in Mexico CONTENTS ABOUT THIS PROJECT vii INTRODUCTION ix Ariel C. Armony, Enrique Dussel Peters, and Shoujun Cui 1. CHINA-COSTA RICA INFRASTRUCTURE PROJECTS: Laying the Groundwork for Development? 3 Monica DeHart 2. CHINA-ECUADOR RELATIONS AND THE DEVELOPMENT OF THE HYDRO SECTOR: A Look at the Coca Codo Sinclair and Sopladora Hydroelectric Projects 24 Paulina Garzón and Diana Castro 3. CHINESE INFRASTRUCTURE PROJECTS IN MEXICO: General Context and Two Case Studies 58 Enrique Dussel Peters 4. ARGENTINA’S INFRASTRUCTURE GAP AND FINANCIAL NEEDS: The Role of China 77 Leonardo Stanley 5. CHINESE INFRASTRUCTURE PROJECTS IN ADVANCED INDUSTRIES: The Atucha III Nuclear Power Reactor in Argentina 102 Ravi Madhavan, Thomas G. Rawski, and Qingfeng Tian 6. CHINESE INFRASTRUCTURE PROJECTS IN BRAZIL: Two Case Studies 122 Celio Hiratuka 7. THE CHINESE-BACKED NICARAGUA CANAL: Domestic Rationale, Multiple Risks, and Geopolitical Implications 144 Shoujun Cui 8. CHINESE INFRASTRUCTURE PROJECTS IN LATIN AMERICA AND THE CARIBBEAN: The Experience of the Inter-American Development Bank 164 Sven-Uwe Mueller and Fan Li 9. A STRATEGIC ANALYSIS OF CHINESE INFRASTRUCTURE PROJECTS IN LATIN AMERICA AND THE CARIBBEAN 180 Haibin Niu ABOUT THE AUTHORS 195 INDEX 201 ABOUT THIS PROJECT his book is the result of a truly global partnership between three insti- tutions: the University of Pittsburgh, the Universidad Nacional Autóno- T ma de México (UNAM), and the Renmin University of China.
    [Show full text]
  • U.S. Investors Are Funding Malign PRC Companies on Major Indices
    U.S. DEPARTMENT OF STATE Office of the Spokesperson For Immediate Release FACT SHEET December 8, 2020 U.S. Investors Are Funding Malign PRC Companies on Major Indices “Under Xi Jinping, the CCP has prioritized something called ‘military-civil fusion.’ … Chinese companies and researchers must… under penalty of law – share technology with the Chinese military. The goal is to ensure that the People’s Liberation Army has military dominance. And the PLA’s core mission is to sustain the Chinese Communist Party’s grip on power.” – Secretary of State Michael R. Pompeo, January 13, 2020 The Chinese Communist Party’s (CCP) threat to American national security extends into our financial markets and impacts American investors. Many major stock and bond indices developed by index providers like MSCI and FTSE include malign People’s Republic of China (PRC) companies that are listed on the Department of Commerce’s Entity List and/or the Department of Defense’s List of “Communist Chinese military companies” (CCMCs). The money flowing into these index funds – often passively, from U.S. retail investors – supports Chinese companies involved in both civilian and military production. Some of these companies produce technologies for the surveillance of civilians and repression of human rights, as is the case with Uyghurs and other Muslim minority groups in Xinjiang, China, as well as in other repressive regimes, such as Iran and Venezuela. As of December 2020, at least 24 of the 35 parent-level CCMCs had affiliates’ securities included on a major securities index. This includes at least 71 distinct affiliate-level securities issuers.
    [Show full text]
  • GENERTEC UNIVERSAL MEDICAL GROUP COMPANY LIMITED 通用環球醫療集團有限公司 (Incorporated in Hong Kong with Limited Liability) (Stock Code：2666)
    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. GENERTEC UNIVERSAL MEDICAL GROUP COMPANY LIMITED 通用環球醫療集團有限公司 (Incorporated in Hong Kong with limited liability) (Stock Code：2666) SUPPLEMENTAL ANNOUNCEMENT CAPITAL INCREASE IN A SUBSIDIARY Reference is made to the announcement of Genertec Universal Medical Group Company Limited (the “Company”) dated 1 June 2020 (the “Announcement”) in respect of a capital increase in a subsidiary of the Company. Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless otherwise stated. Identities of the Ultimate Beneficial Owners of the Relevant Parties Further to the information of the Parties under the Capital Increase Agreement disclosed in the Announcement, to the best knowledge, information and belief of the Directors having made all reasonable enquiry, (a) the ultimate beneficial owner of each of the Minmetals Investors and Minmetals Innovation Investment is China Minmetals Corporation, a state-owned corporation under direct supervision of SASAC; and (b) the holding company of CITIC Capital (Tianjin) is CITIC Capital Holdings Limited (“CITIC Capital”). CITIC Capital is effectively owned by institutional shareholders, which include CITIC Limited (0267.HK, 19.90%), Tencent Holdings Limited (0700.HK, 20.70%), Fubon Financial Holding Co., Ltd. and its affiliate (2881.TW, 19.92%), Qatar Holding LLC (sovereign wealth fund of Qatar, 18.73%), and its management (managing director and above, 20.75%).
    [Show full text]
  • China 2025 16
    China | Equity Strategy China 14 December 2014 EQUITY RESEARCH China The Year of the Ram: Stars Aligned for a Historic Bull Run Key Takeaway The Ram, the Bull and the Heavenly Twins – the stars are now aligned for China’s historic bull-run. China's stock market offers massive untapped potential given the high savings rate and low penetration. “Keeping Growth Steady” is a top priority for 2015; we expect SHCOMP and HSCEI to test 4,050 and 15,420, up 38% and 37% from current levels. As confidence gains momentum, volatility becomes the investors’ best friend. CHINA China Gallops into a Historic Bull Run. On Nov 20, 2013, we wrote “The Year of the Horse will see China unleash its full potential, as President Xi ushers in a new era of profound change.” “We expect capital markets to gradually gain confidence in China’s ability to drive fundamental reforms and expect Chinese stocks to enter a historic multi-year bull run.” Indeed, 2014 has been a remarkable year. As of Dec.12, SHCOMP surged 39% to 2938, breaking a seven-year bearish trend to become the best performing index in the world. China Stock Market: Massive Untapped Potential. According to China Household Finance Survey, property accounted for 66.4% of total Chinese household assets in 2013. Financial assets accounted for a mere 10.1% of household wealth. While over 61% of Chinese families have bank deposits, only 6.5% of them invested in the stock market. Given China’s high savings rate and low stock market penetration, we believe the A-share market offers significant upside potential.
    [Show full text]
  • Annual Report 2016 Assets by Business Assets of Non-Financial Profit Attributable to Ordinary Businesses Shareholders
    ANNUAL REPORT Our Company CITIC Limited (SEHK: 00267) is China’s largest conglomerate and a constituent of the Hang Seng Index. Among our diverse global businesses, we focus primarily on financial services, resources and energy, manufacturing, engineering contracting and real estate. As China’s economy matures and is increasingly weighted toward consumption and services, CITIC is building upon its existing consumer platform, expanding into complementary businesses that reflect these trends and opportunities. Tracing our roots to the beginning of China’s opening and reform, we are driven today by the same values upon which we were founded: a pioneering spirit, a commitment to innovation and a focus on the long term. We embrace world-class technologies and aim for international best practice. We are guided by a strategy that is customer-centric, commercially-driven, and far-sighted in the allocation of capital and resources. Our platform is unique in its diversity and scale, allowing CITIC to capture emerging opportunities in China and around the world. Guiding us as we grow is our fundamental commitment to create long-term value for all of our shareholders. Our Businesses Financial Services CITIC Bank (65.97%) CITIC Trust (100%) CITIC-Prudential (50%) CITIC Securities (16.66%) Resources & Energy CITIC Resources (59.50%) CITIC Mining International (100%) CITIC Metal Group (100%) Manufacturing Sunburst Energy (100%) CITIC Pacific Special Steel (100%) CITIC Heavy Industries (67.27%) CITIC Dicastal (100%) Engineering Contracting CITIC Construction
    [Show full text]