Apollo Future Mobility Group Limited — M&A Activity 2022

Dec 5, 2022

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)

INSIDE INFORMATION IN RELATION TO A POSSIBLE ACQUISITION

This announcement is made by Apollo Future Mobility Group Limited (the ‘‘Company’’, and together with its subsidiaries, the ‘‘Group’’) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of the Company wishes to inform the shareholders (the ‘‘Shareholders’’) and potential investors of the Company that the Group currently intends to acquire a company engaging in the smart EV (the ‘‘Target Company’’) (the ‘‘Possible Acquisition’’). The business of the Target Company covers a comprehensive portfolio of smart EVs equipped with advanced technologies, targeting China’s young and tech-savvy users, particularly families, and given this focus, the vehicle designs pay particular attention to rear seat comfort and safety, as well as smart user experience.

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The Group has been continuing to transform into and build up its position as a leading mobility services provider by unveiling to the market its next generation concepts and achievements in technology research and development. Through the Possible Acquisition, the Company can acquire and immediately tap into the well-established businesses of the Target Company in the PRC, including manufacturing facilities, distribution networks as well as technology professionals.

As at the date of this announcement, the Possible Acquisition is still under negotiation and no definitive agreement had been entered into by the Group in respect of the Potential Acquisition. Therefore, the Possible Acquisition may or may not proceed. If the Possible Acquisition materializes, the Company will make further announcement(s) in compliance with the Listing Rules and the Takeovers Code (if applicable) as and when appropriate.

Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.

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

Hong Kong, 5 December 2022

As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Ho King Fung, Eric (Chairman), Mr. Joseph Lee (Vice Chairman), Mr. Qi Zhenggang and Mr. Mirko Konta; 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.

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