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Natural disasters or events, terrorism and diseases
The business of CITIC Limited could be affected by events such as earthquakes, typhoons, tropical cyclones,
inclement weather, acts or threats of terrorism, or outbreaks of highly contagious diseases, which would directly
or indirectly reduce the supply of essential goods or services or reduce economic activities on a local, regional or
global scale. Any of these disasters might damage the businesses of CITIC Limited, which would have a material
adverse impact on the financial condition and operations of CITIC Limited.
The entire Group is committed to constantly improving its risk monitoring and management mechanism in
order to promote risk identification and assessment at all levels; strengthen risk assessment and monitoring of
major projects and key businesses; and manage counterparty credit risks. CITIC Limited stays fully informed of
the operations, financial condition and major business progress of its subsidiaries through off-site monitoring,
on-site inspections and other means to assess the risks that may arise. Through risk reports on weaknesses and
potential risks, CITIC Limited supervises and implements risk management and control measures to improve its
comprehensive risk management practices and initiatives across the Group.