Shanghai Lujiazui Finance & Trade Zone Development (600663.SH) subsidiary Lujin has given up its 51% priority purchase rights for the shares of CITIC Corporation.

Announcement from Shanghai Lujiazui Finance & Trade Zone Development (600663.SH): The company's wholly-owned subsidiary Shanghai Lujiazui Finance & Trade Zone Development Financial Development Co., Ltd. (referred to as "Lu Jin Fa") holds 2% equity of China Trust Registration Limited Liability Company (referred to as "CITIC Trust"). CITIC Trust's controlling shareholder Central Treasury Bond Registration Settlement Co., Ltd. (referred to as "CITIC Bond") is publicly transferring its 51% equity of CITIC Trust through open market trading. Lu Jin Fa has waived its right of first refusal to purchase the relevant equity. The announcement stated that the waiver of the right of first refusal to purchase CITIC Trust's 51% equity held by CITIC Bond will not have any adverse impact on the company's production and operation and main business development.