Apollo Future Mobility Group Limited — Capital/Financing Update 2023

Dec 5, 2023

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)

UPDATE ON PROPOSED CHANGE OF DOMICILE, PROPOSED ADOPTION OF NEW MEMORANDUM OF CONTINUANCE AND NEW BYE-LAWS, PROPOSED CANCELLATION OF SHARE PREMIUM ACCOUNT AND PROPOSED CAPITAL REORGANISATION; AND

REVISED EXPECTED TIMETABLE

References are made to (a) the circular of Apollo Future Mobility Group Limited (the ‘‘Company’’) dated 3 November 2023 (the ‘‘Circular’’) in relation to, among other things, (i) the Change of Domicile, (ii) the Adoption of the New Memorandum of Continuance and the New Bye-laws, (iii) the Cancellation of Share Premium Account, and (iv) the Capital Reorganisation, and (b) the announcement of the Company dated 20 November 2023 in relation to the poll results of the EGM. Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Circular.

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As disclosed in the Circular, the effectiveness of the Change of Domicile is conditional upon, among other things, (a) compliance with the relevant legal procedures and requirements under the laws of the Cayman Islands and the laws of Bermuda in respect of the Change of Domicile; and (b) the obtaining of all necessary approvals from the relevant regulatory authority(ies) or otherwise as may be required in respect of the Change of Domicile.

As additional time is required to (a) comply with the relevant legal procedures and requirements under the laws of the Cayman Islands and the laws of Bermuda in respect of the Change of Domicile and (b) obtain the approval and general permission from the Bermuda Monetary Authority regarding the Company’s continuance in Bermuda, the Board wishes to update the Shareholders on the revised expected timetable for the implementation of the Change of Domicile, the Adoption of the New Memorandum of Continuance and the New Bye-laws, the Cancellation of Share Premium Account and the Capital Reorganisation as follows.

The expected timetable is subject to the satisfaction of the conditions to the Change of Domicile, the Adoption of the New Memorandum of Continuance and the New Bye-laws, the Cancellation of Share Premium Account and the Capital Reorganisation and is therefore for indicative purpose only. Save where otherwise specified, all times and dates in this announcement refer to Hong Kong local times and dates.

Event

Time and Date

Effective date of the Change of Domicile and the Adoption of the New Memorandum of Continuance and the New Bye-laws and

announcement of such effective date......................... On or after Monday,

11 December 2023 (Bermuda time)/On or after Tuesday, 12 December 2023 (Hong Kong time)

Announcement of the effective date and

time of the Capital Reorganisation ........................ on or before 8:30 a.m.

on Wednesday, 13 December 2023

Effective date and time of

the Capital Reorganisation ................................. 9:00 a.m. on Thursday,

14 December 2023

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Time and Date

Event

First day for free exchange of existing share certificates into new share certificates for New Shares ................................................. Thursday, 14 December 2023 Dealings in New Shares commence ........................ 9:00 a.m. on Thursday, 14 December 2023 Original counter for trading in Shares in board lot of 4,000 Shares (in the form of existing share certificates) temporarily closes..................... 9:00 a.m. on Thursday, 14 December 2023 Temporary counter for trading in New Shares in temporary board lot of 200 New Shares (in the form of existing share certificates) opens .......................................................... 9:00 a.m. on Thursday, 14 December 2023 Original counter for trading in New Shares in board lot of 4,000 New Shares (in the form of new share certificates for New Shares) re-opens ................................... 9:00 a.m. on Tuesday, 2 January 2024 Parallel trading in the New Shares (in the form of existing share certificates and new share certificates) commences ..................................... 9:00 a.m. on Tuesday, 2 January 2024 Designated broker starts to stand in the market to provide matching services for sale and purchase of odd lots of New Shares....................... 9:00 a.m. on Tuesday, 2 January 2024 Designated broker ceases to stand in the market to provide matching services for sale and purchase of odd lots of New Shares ................. 4:00 p.m. on Monday, 22 January 2024

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Time and Date

Event

Temporary counter for trading in New Shares in temporary board lot of 200 New Shares (in the form of existing share certificates)

closes........................................................... 4:10 p.m. on Monday,

22 January 2024

Parallel trading in the New Shares

(in the form of existing share certificates

and new share certificates) ends ........................... 4:10 p.m. on Monday, 22 January 2024

Last day for free exchange of existing

share certificates into new share

certificates for New Shares ............................. 4:30 p.m. on Wednesday, 24 January 2024

The expected timetable above is indicative only and may be extended or varied. Further announcement(s) will be made by the Company with respect to any change to the expected timetable above as and when appropriate and in accordance with the Listing Rules.

By order of the Board Apollo Future Mobility Group Limited Hui Chun Ying Chairman and Executive Director

Hong Kong, 5 December 2023

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Hui Chun Ying (Chairman) and Ms. Chen Yizi; and four independent non-executive Directors, namely Mr. Teoh Chun Ming, Mr. Peter Edward Jackson, Mr. Charles Matthew Pecot III and Ms. Hau Yan Hannah Lee.

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