China International Capital : Voluntary Announcement - Issue of U.S.$500,000,000 1.75 per cent. Notes due 2023 under CICC Hong Kong Finance 2016 MTN Limited's U.S.$5,000,000,000 Guaranteed Medium Term Note Programme

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.

This announcement is not for distribution to (i) any person or address in the United States or

1. to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")).

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities, nor is it calculated to invite any such invitation or offer.

The securities have not been, and will not be, registered under the U.S. Securities Act, or the securities laws of any state of the United States or other jurisdiction and the securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state or local securities law.

China International Capital Corporation Limited

中國國際金融股份有限公司

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

(Stock Code: 03908)

VOLUNTARY ANNOUNCEMENT

ISSUE OF

U.S.$500,000,000 1.75 PER CENT. NOTES DUE 2023

UNDER THE U.S.$5,000,000,000 GUARANTEED MEDIUM

TERM NOTE PROGRAMME

Reference is made to the Company's announcements dated 6 May 2016 in relation to the establishment of the Programme by the Issuer, 10 January 2018 in relation to the update and increase in programme size of the Programme, 23 April 2019 in relation to the update of the Programme and 10 March 2020 in relation to the update and increase in programme size of the Programme.

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The Company is pleased to announce that on 3 August 2020, the Issuer, the Guarantor and the Company entered into the Subscription Agreement with CICC HK Securities, Citigroup and Standard Chartered Bank as Joint Global Coordinators and CICC HK Securities, Citigroup, Standard Chartered Bank, ABC International, Bank of Communications, The Bank of East Asia, Limited, CCB International, China CITIC Bank International, China Construction Bank (Asia), China Everbright Bank Hong Kong Branch, China Industrial Securities International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, ICBC Singapore, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) and Shanghai Pudong Development Bank Hong Kong Branch as Joint Bookrunners and Joint Lead Managers with respect to the issue of the Notes under the Programme.

An application has been made to the Stock Exchange for the listing of and permission to deal in the Notes by way of debt issues to Professional Investors only on the Stock Exchange. The listing of the Notes is expected to become effective on 11 August 2020.

The completion of the Subscription Agreement is subject to certain conditions precedent which may or may not be satisfied. Shareholders and potential investors are urged to exercise caution when dealing in the securities of the Company.

This is a voluntary announcement made by the Company.

ISSUE OF THE NOTES UNDER THE PROGRAMME

Reference is made to the Company's announcements dated 6 May 2016 in relation to the establishment of the Programme by the Issuer, 10 January 2018 in relation to the update and increase in programme size of the Programme, 23 April 2019 in relation to the update of the Programme and 10 March 2020 in relation to the update and increase in programme size of the Programme.

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The Company is pleased to announce that on 3 August 2020, the Issuer, the Guarantor and the Company entered into the Subscription Agreement with CICC HK Securities, Citigroup and Standard Chartered Bank as Joint Global Coordinators and CICC HK Securities, Citigroup, Standard Chartered Bank, ABC International, Bank of Communications, The Bank of East Asia, Limited, CCB International, China CITIC Bank International, China Construction Bank (Asia), China Everbright Bank Hong Kong Branch, China Industrial Securities International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, ICBC Singapore, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) and Shanghai Pudong Development Bank Hong Kong Branch as Joint Bookrunners and Joint Lead Managers with respect to the issue of the Notes under the Programme.

The Notes will be unconditionally and irrevocably guaranteed by the Guarantor with the benefit of the Keepwell Deed provided by the Company. The payment obligations of the Issuer under the Notes and of the Guarantor under the Guarantee shall, save for such exceptions as may be provided by applicable legislation and subject to the terms and conditions of the Notes, at all times rank at least equally with all other present and future unsecured and unsubordinated obligations of the Issuer and the Guarantor, respectively.

Principal Terms of the Notes

Issuer	: CICC Hong Kong Finance 2016 MTN Limited
Guarantor	: China International Capital Corporation (Hong Kong)
		Limited（中國國際金融（香港）有限公司）
Company/Keepwell	: China International Capital Corporation Limited（中國國際
Provider		金融股份有限公司）
Aggregate Nominal	:	U.S.$500,000,000
Amount
Issue Date	:	10 August 2020
Issue Price	: 99.773% of the aggregate nominal amount of the Notes

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Rate of Interest	:	1.75% per annum
Maturity Date	:	10 August 2023

Use of Proceeds

The Issuer intends to use the net proceeds from the offering of the Notes to repay certain existing indebtedness and for working capital and other general corporate purposes of the Guarantor and its subsidiaries.

Ratings

The Notes are rated "BBB+" by Fitch. A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency.

Listing

An application has been made to the Stock Exchange for the listing of and permission to deal in the Notes by way of debt issues to Professional Investors only on the Stock Exchange. The listing of the Notes is expected to become effective on 11 August 2020. Listing of the Notes on the Stock Exchange is not to be taken as an indication of the merits of the Company, its subsidiaries or the Notes.

The completion of the Subscription Agreement is subject to certain conditions precedent which may or may not be satisfied. Shareholders and potential investors are urged to exercise caution when dealing in the securities of the Company.

DEFINITIONS

In this announcement, unless the context requires otherwise, the following expressions have the following meanings:

"ABC International"	ABCI Capital Limited
"Board"	the board of directors of the Company

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"Bank of Communications"	Bank of Communications Co., Ltd. Hong Kong Branch
"CCB International"	CCB International Capital Limited
"China CITIC Bank	China CITIC Bank International Limited
International"
"China Construction Bank	China Construction Bank (Asia) Corporation Limited
(Asia)"
"China Everbright Bank	China Everbright Bank Co., Ltd., Hong Kong Branch
Hong Kong Branch"
"China Industrial Securities	China Industrial Securities International Brokerage Limited
International"

"CICC HK Securities"

"Citigroup"

"Company"

China International Capital Corporation Hong Kong Securities Limited

Citigroup Global Markets Limited

China International Capital Corporation Limited（中國國際 金融股份有限公司）, a joint stock company incorporated in the PRC with limited liability, whose shares are listed on the Stock Exchange, and as the provider of the Keepwell Deed

"Fitch"

"Guarantee"

"Guarantor"

Fitch Ratings Ltd.

the guarantee provided by the Guarantor with respect to the Notes

China International Capital Corporation (Hong Kong) Limited（中國國際金融（香港）有限公司）, incorporated with limited liability in Hong Kong and a wholly-owned subsidiary of the Company

"Hong Kong"

the Hong Kong Special Administrative Region of the PRC

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"ICBC Singapore"

"Issuer"

Industrial and Commercial Bank of China Limited, Singapore Branch

CICC Hong Kong Finance 2016 MTN Limited, incorporated in the British Virgin Islands with limited liability and a wholly-owned subsidiary of the Guarantor

"Joint Bookrunners" or	CICC HK Securities, Citigroup, Standard Chartered Bank,
"Joint Lead Managers"	ABC International, Bank of Communications, The Bank
	of East Asia, Limited, CCB International, China CITIC
	Bank International, China Construction Bank (Asia), China
	Everbright Bank Hong Kong Branch, China Industrial
	Securities International, China Minsheng Banking Corp.,
	Ltd., Hong Kong Branch, ICBC Singapore, Industrial Bank
	Co., Ltd. Hong Kong Branch, Orient Securities (Hong
	Kong) and Shanghai Pudong Development Bank Hong Kong
	Branch
"Joint Global	CICC HK Securities, Citigroup and Standard Chartered
Coordinators"	Bank
"Keepwell Deed"	the keepwell deed dated 5 May 2016 between the Issuer, the
	Guarantor, the Company and Citicorp International Limited
	as trustee

"Notes"

"Offering Circular"

U.S.$500,000,000 1.75 per cent. notes due 2023

the offering circular in relation to the Programme dated 10 March 2020 and the supplemental offering circular dated 3 August 2020

"Orient Securities (Hong	Orient Securities (Hong Kong) Limited
Kong)"
"PRC"	the People's Republic of China

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"Professional Investors"	professional investors as defined in Chapter 37 of the Rules
	Governing the Listing of Securities on The Stock Exchange
	of Hong Kong Limited and in the Securities and Futures
	Ordinance (Cap. 571) of Hong Kong
"Programme"	the U.S.$5,000,000,000 guaranteed medium term note
	programme established by the Issuer, the Guarantor and the
	Company
"Securities Act"	the United States Securities Act of 1933, as amended
"Shanghai Pudong	Shanghai Pudong Development Bank Co., Ltd., Hong Kong
Development Bank Hong	Branch
Kong Branch"
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Subscription Agreement"	the subscription agreement dated 3 August 2020 among
	the Issuer, the Guarantor, the Company and the Joint Lead
	Managers

"U.S." or "United States"

"U.S.$"

the United States of America, its territories and possessions and all areas subject to its jurisdiction

the lawful currency of the United States

By order of the Board

China International Capital Corporation Limited

Secretary to the Board

Sun Nan

Beijing, the PRC

4 August 2020

As at the date of this announcement, the Executive Director of the Company is Mr. Huang Zhaohui; the Non-executive Directors are Mr. Shen Rujun, Mr. Huang Hao, Ms. Xiong Lianhua, Ms. Tan Lixia and Mr. Duan Wenwu; and the Independent Non-executive Directors are Mr. Liu Li, Mr. Siu Wai Keung, Mr. Ben Shenglin and Mr. Peter Hugh Nolan.

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