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This Circular Is Important and Requires Your Immediate Attention 709429 \ (CITICS) \ 15/03/2019 \ M71 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 registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in CITIC Securities Company Limited, you should at once hand this circular together with the enclosed proxy form and reply slip for the Extraordinary General Meeting to the purchaser or transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected for transmission to the purchaser or 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 howsoever arising from or in reliance upon the whole or any part of the contents of this circular. This circular appears for information purposes only and does not constitute an invitation or offer to ac- quire, purchase or subscribe for the securities of CITIC Securities Company Limited. (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 6030) PROPOSED ACQUISITION OF ASSETS BY ISSUANCE OF SHARES; PROPOSED CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR; AND NOTICE OF THE 2019 FIRST EXTRAORDINARY GENERAL MEETING A notice of the Extraordinary General Meeting of the Company to be held at Qing Room, 5th Floor, Beijing Ruicheng Four Seasons Hotel, No. 48 Liangmaqiao Road, Chaoyang District, Beijing, the PRC at 9:30 a.m. on Friday, 3 May 2019 is set out on pages 23 to 26 of this circular. Whether or not you are able to attend the Extraordinary General Meeting, you are requested to read the notice of Extraordinary General Meeting carefully and complete the enclosed proxy form in accordance with the instructions printed thereon and return it as soon as possible. H Shareholders are required to return the proxy form to the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited; while A Shareholders are required to return the proxy form to the Board’s office, but in any event the proxy form shall be returned in person or by mail not less than 24 hours before the time appointed for the Extraordinary General Meeting or any adjournment thereof. Completion and return of the proxy form will not preclude you from attending and voting at the Extraordinary General Meeting or any adjournment thereof in person if you so wish. If you wish to attend the Extraordinary General Meeting either in person or by proxy, you are required to complete and return the reply slip for the meeting to the Board Office on or before Friday, 12 April 2019. 18 March 2019 709429 \ (CITICS) \ 15/03/2019 \ M71 CONTENTS Page Definitions........................................................................ 1 Letter from the Board .............................................................. 5 Notice of the 2019 First Extraordinary General Meeting ................................. 23 Appendix I Summary of the Report on the Acquisition of Assets by Issuance of Shares and Related Party Transaction of CITIC Securities Company Limited (Draft) ............................ I-1 Appendix II Summary of the Pro Forma Financial Statements and Audit Report of Guangzhou Securities ................................. II-1 Appendix III Summary of the Pro Forma Consolidated Financial Statements and Review Report of the Company ................................... III-1 Appendix IV Summary of the Asset Valuation Report ................................. IV-1 Appendix V Remedial Measures Taken in Relation to the Dilution of Immediate Return ... V-1 Appendix VI Letter of Undertaking from Directors and Senior Management of CITIC Securities Company Limited on the Remedial Measures taken in relation to the Dilution of Immediate Return under the Asset Acquisition .......................................... VI-1 — i — 709429 \ (CITICS) \ 15/03/2019 \ M71 DEFINITIONS In this circular, unless the context otherwise requires, the following expressions shall have the following meanings: “A Share(s)” means the domestic share(s) in the ordinary share capital of the Company with a nominal value of RMB1.00 each, which are listed on the Shanghai Stock Exchange (stock code: 600030) “A Shareholder(s)” means holder(s) of A Shares “Allied Appraisal” means Allied Appraisal Co., Ltd. (中聯國際評估諮詢有限公司) “Asset Acquisition” or means the acquisition of the Target Assets by the Company and CITIC “Acquisition of Assets Securities Investment from Yuexiu Financial Holdings and Financial by Issuance of Shares” or Holdings Limited by issuance of the Consideration Shares of Company “Transaction” “Asset Acquisition Agreement” the Agreement on Asset Acquisition by Issuance of Shares entered into among the Company, CITIC Securities Investment, Yuexiu Financial Holdings and Financial Holdings Limited on 4 March 2019 “Asset Acquisition Framework means the Framework Agreement on Asset Acquisition by Issuance of Agreement” Shares entered into among the Company, Yuexiu Financial Holdings and Financial Holdings Limited on 9 January 2019 “Asset Security Agreement” means the Asset Security Agreement entered into among the Company, Yuexiu Financial Holdings and the Target Company on 4 March 2019, as the appendix to the Asset Acquisition Agreement “Asset Transfer Agreement” means in light of the transfer of Excluded Assets by Guangzhou Securities, the Agreement in relation to the Transfer of Equity Interest in Guangzhou Futures Co., Ltd. between Guangzhou Yuexiu Financial Holdings Group Co., Ltd. and Guangzhou Securities Company Limited and the Agreement in relation to the Transfer of Equity Interest in Golden Eagle Fund Management Co., Ltd. between Guangzhou Yuexiu Financial Holdings Group Co., Ltd. and Guangzhou Securities Company Limited entered into between the Target Company and Yuexiu Financial Holdings on 4 March 2019 “Audit/Valuation Benchmark means 30 November 2018 Date” “Board” means the board of directors of the Company “CITIC Securities Investment” means CITIC Securities Investment Limited (中信証券投資有限公司), a wholly-owned subsidiary of the Company “Closing Date” means the date of completion of (i) the transfer of the Target Assets by Yuexiu Financial Holdings and Financial Holdings Limited to the Company and CITIC Securities Investment; and (ii) the registration of such equity transfer — 1 — 709429 \ (CITICS) \ 15/03/2019 \ M71 DEFINITIONS “Closing Impairment Test” means the audit/review conducted by the accounting firm engaged by the purchasers to determine the net assets value of the Target Company as at the Impairment Test Benchmark Date “Closing Impairment Test means the audit report issued by the accounting firm engaged by the Report” purchasers in relation to the Closing Impairment Test “Company” CITIC Securities Company Limited “Company Law” means the Company Law of the People’s Republic of China (as amended from time to time) “connected persons” has the same meaning ascribed thereto under the Hong Kong Listing Rules “Consideration Share(s)” means the new A Shares to be issued privately by the Company to Yuexiu Financial Holdings and Financial Holdings Limited under the Asset Acquisition “CSDCC Shanghai Branch” means Shanghai Branch of China Securities Depository and Clearing Corporation Limited “CSRC” means China Securities Regulatory Commission “Director(s)” means the director(s) of the Company “Extraordinary General means the 2019 first Extraordinary General Meeting of the Company to be Meeting” or “EGM” held at Qing Room, 5th Floor, Beijing Ruicheng Four Seasons Hotel, No. 48 Liangmaqiao Road, Chaoyang District, Beijing, the PRC at 9:30 a.m. on Friday, 3 May 2019 “Excluded Assets” means the 99.03% equity interest in Guangzhou Futures and 24.01% equity interest in Golden Eagle held by the Target Company to be transferred to Yuexiu Financial Holdings “Financial Holdings Limited” means Guangzhou Yuexiu Financial Holdings Group Limited (廣州越秀 金融控股集團有限公司) “General Mandate” means the general and unconditional mandate granted to the Board at the 2017 annual general meeting of the Company to issue, allot or otherwise deal with additional Shares (whether A Shares or H Shares) representing up to the limit of 20% of the respective aggregate nominal values of the A Shares and/or H Shares in issue as at the date of passing the relevant resolution at the 2017 annual general meeting of the Company “Golden Eagle” means Golden Eagle Fund Management Co., Ltd. (金鷹基金管理有限公 司) “Guangzhou Futures” means Guangzhou Futures Co., Ltd. (廣州期貨股份有限公司) — 2 — 709429 \ (CITICS) \ 15/03/2019 \ M71 DEFINITIONS “Guangzhou SASAC” means State-owned Assets Supervision and Administration Commission of Guangzhou Municipal Government “H Share(s)” means the overseas listed foreign share(s) in the ordinary share capital of the Company with a nominal value of RMB1.00 each, which are listed on the Hong Kong Stock Exchange (stock code: 6030) “H Shareholder(s)” means holder(s) of H Shares “Hong Kong” means the Hong Kong Special Administrative Region of the PRC “Hong Kong Listing Rules” means the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (as amended from time to time) “Hong Kong Stock Exchange” means The Stock Exchange of Hong Kong Limited “Impairment
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