Apollo Future Mobility Group Limited — Capital/Financing Update 2023

Sep 8, 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.

This announcement is for information purposes only and does not constitute an offer to acquire, purchase or subscribe for the securities of the Company referred to in this announcement.

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 860)

VOLUNTARY ANNOUNCEMENT EARLY REDEMPTION OF THE CONVERTIBLE BONDS

This announcement is made by Apollo Future Mobility Group Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) on a voluntary basis.

References are made to the announcements of the Company dated (i) 8 September 2021 and 9 September 2021 in relation to the issuance of 9% convertible bonds of the Company due 2024 in the aggregate principal amount of HK$78,000,000 (‘‘Convertible Bonds A’’); and (ii) 13 September 2021 in relation to the issuance of 9% convertible bonds of the Company due 2024 in the aggregate principal amount of HK$85,800,000 (‘‘Convertible Bonds B’’, together with Convertible Bonds A, the ‘‘Convertible Bonds’’) (the ‘‘Announcements’’). Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

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CONVERTIBLE BONDS A

Pursuant to the terms and conditions of Convertible Bonds A, the maturity date of Convertible Bonds A will be on (i) 17 October 2024; or (ii) 17 October 2023 (provided that the holder(s) of Convertible Bonds A has notified the Company the change of the maturity date in accordance with the terms of the bond instrument).

Notice of redemption has been served on the Company requiring the Company to redeem an outstanding principal amount of HK$78,000,000 of Convertible Bonds A on 18 October 2023 at the redemption price being 100% of the then outstanding principal amount of Convertible Bonds A.

CONVERTIBLE BONDS B

Pursuant to the terms and conditions of Convertible Bonds B, the maturity date of Convertible Bonds B will be on (i) 4 October 2024; or (ii) 4 October 2023 (provided that the holder(s) of Convertible Bonds B has notified the Company the change of the maturity date in accordance with the terms of the bond instrument).

Notices of redemption have been served on the Company requiring the Company to redeem an outstanding principal amount of HK$85,800,000 of Convertible Bonds B on 4 October 2023 at the redemption price being 100% of the then outstanding principal amount of Convertible Bonds B.

The Board has assessed and evaluated the financial position of the Group and, based on the latest available information, the early redemption amount, totalling approximately HK$171.2 million (including the interest accrued on the principal amount of the Convertible Bonds), will be satisfied by internal resources of the Group and/or external financings if necessary.

The Company will make further announcement(s) in relation to the early redemption of the Convertible Bonds as and when appropriate.

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Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares.

By order of the Board of Apollo Future Mobility Group Limited Ho King Fung, Eric Chairman

Hong Kong, 8 September 2023

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Ho King Fung, Eric (Chairman), Mr. Joseph Lee (Vice Chairman) and Mr. Qi Zhenggang; two non-executive Directors, namely Mr. Freeman Hui Shen (Co-Chairman) and Mr. Wilfried Porth; 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.

The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement, and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statements in this announcement misleading.

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