Apollo Future Mobility Group Limited — Capital/Financing Update 2024

Jan 18, 2024

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.

==> picture [66 x 79] intentionally omitted <==

==> picture [278 x 65] intentionally omitted <==

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (Stock Code: 860)

INSIDE INFORMATION UPDATE ON EARLY REDEMPTION OF THE CONVERTIBLE BONDS

This announcement is made by Apollo Future Mobility Group Limited (the ‘‘Company’’) pursuant to Rule 13.09(2) of the Listing Rules and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to the announcements of the Company dated (i) 8 September 2021 and 9 September 2021 in relation to Convertible Bonds A; (ii) 13 September 2021 in relation to Convertible Bonds B; and (iii) 8 September 2023 and 9 October 2023 in relation to the early redemption of the Convertible Bonds (collectively, the ‘‘Announcements’’), and the circular of the Company dated 3 November 2023 in relation to, among other things, adjustments in relation to the Convertible Bonds. Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As disclosed in the Announcements and the circular of the Company dated 3 November 2023, (i) Subscriber B has agreed to extend the early redemption date of Convertible Bonds B in the principal amount of HK$35,100,000 to 4 April 2024, (ii) Subscriber C has agreed to extend the early redemption date of

– 1 –

Convertible Bonds B in the outstanding principal amount of HK$3,900,000 to 17 January 2024, and (iii) the Subscriber has agreed to extend the early redemption date of Convertible Bonds A to 17 January 2024.

As at the date of this announcement, the Company is currently in active negotiation with each of Subscriber C and the Subscriber in relation to possible further extension of the early redemption date of Convertible Bonds B in the principal amount of HK$3,900,000 and Convertible Bonds A, respectively.

The Company will inform and update its shareholders and potential investors of any material development on the above by way of announcement(s) in accordance with the Listing Rules as and when appropriate.

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

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

Hong Kong, 18 January 2024

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.

– 2 –