Apollo Future Mobility Group Limited — Board/Management Information 2019

May 31, 2019

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.

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 860)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND

MEMBER OF BOARD COMMITTEES

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of WE Solutions Limited (the ‘‘Company’’ together with its subsidiaries, the ‘‘Group’’) is pleased to announce that Mr. Charles Matthew Pecot III (‘‘Mr. Pecot’’) was appointed by the Board as an independent non-executive Director and a member of each of the audit committee, remuneration committee, nomination committee and corporate governance committee of the Board with effect from 1 June 2019.

Mr. Pecot, aged 58, graduated with a bachelor’s degree in mechanical engineering and obtained a master’s degree major in science in operations research and minor in applied statistics at the Air Force Institute of Technology, Ohio, the United States of America. He has been working in the finance industry and international capital markets worldwide since 1994 and has extensive management experience. Mr. Pecot is currently serving as the Head of Equities at Barclays Capital Asia Limited, a position which he has held since May 2018, and is responsible for leading the equities franchise in Asia Pacific. Previously, he was the Head of Prime Services and Head of Equities Distribution in Asia Pacific at Credit Suisse (Hong Kong) Limited for

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the period from July 2009 to June 2017. Mr. Pecot was also the Head of Prime Services and Prime Brokerage Services in Asia Pacific at UBS Securities Asia Limited for the period from April 2004 to February 2007.

Mr. Pecot has entered into a letter of appointment as an independent nonexecutive Director with the Company for a term of three years commencing on 1 June 2019, which can be terminated by either party by serving two months’ notice in writing. Under the letter of appointment, he is entitled to an annual director’s fee of HK$200,000 which is determined by reference to his performance for the year, experience, qualification, duties and responsibilities in the Company and the prevailing market rate. Mr. Pecot’s remuneration will be subject to review by the remuneration committee of the Board and the Board from time to time. As a Director, he is subject to retirement by rotation and re-election in accordance with the articles of association of the Company.

Save as disclosed above, as at the date of this announcement, Mr. Pecot (i) does not hold any other position with the Company and other members of the Group; (ii) has not held any other directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years or any other major appointments or professional qualifications; (iii) does not have any relationship with any Directors, senior management, or substantial or controlling shareholders of the Company; and (iv) does not have any interests in the shares of the Company which are required to be disclosed pursuant to Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there are no other matters relating to the appointment of Mr. Pecot as an independent non-executive Director and a member of various committees of the Board that need to be brought to the attention of the shareholders of the Company nor any information that needs to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

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The Board would like to take this opportunity to welcome Mr. Pecot as a new independent non-executive Director and member of the various committees of the Board.

By order of the Board WE Solutions Limited Ho King Fung, Eric Chairman

Hong Kong, 31 May 2019

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Ho King Fung, Eric (Chairman) and Mr. Sung Kin Man; one non-executive Director, namely Mr. Zhang Jinbing (Co-Chairman); and three independent non-executive Directors, namely Mr. Tam Ping Kuen, Daniel, Mr. Teoh Chun Ming and Mr. Peter Edward Jackson.

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