Citic Pacific has completed foreign exchange contract reorganization

Citic Pacific Chairman Mr Chang attended the press conference, said that after re-examining the financial and business structure, the company currently does not have a rights issue equity financing plans, I believe that there is sufficient financial support to operate.　　He added that it is expected that a large batch of bonds will expire next year, but under the full auspices of CITIC Group, the bank will be eligible for credit and refinancing.　　Mr Chang said Citic Pacific has now completed restructuring all foreign exchange contracts, including some of the contracts have been transferred to Citic Group, the other part to the Australian iron Ore project, I believe that there will be no future risks, and no longer have any impact on the CITIC Pacific Rich income statement.　　He said that Citic Pacific's first quarter of this year business is ideal, its Australian iron ore is on schedule, expected to launch next September. In addition, the constant means, Citic Pacific has no intention of selling any interest in the holding of Cathay Pacific Airways (00293-HK) and its tunnel interests in Hong Kong as its principal long-term investment, but will consider the sale of business and investment with low participation and poor performance in the future, with a view to maximizing shareholder interests.