Great Wall Motor : ISSUANCE OF THE THIRD TRANCHE OF ULTRA SHORT-TERM FINANCING BONDS IN 2019

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長 城 汽 車 股 份 有 限 公 司

GREAT WALL MOTOR COMPANY LIMITED*

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock code: 2333)

ANNOUNCEMENT

ISSUANCE OF THE THIRD TRANCHE OF

ULTRA SHORT-TERM

FINANCING BONDS IN 2019

Great Wall Motor Company Limited (the "Company") considered and approved the "Resolutionon Issuance of Ultra Short-term Financing Bonds" at the 2019 First Extraordinary General Meeting of the Company held on 3 January 2019, approving the Company's application to the National Association of Financial Market Institutional Investors for registration and issuance of the ultra short- term financing bonds with an amount of not more than RMB5 billion (including RMB5 billion).

On 27 March 2019, the Company received the "Acceptance of Registration Notice" (Zhong Shi Xie Zhu [2019] SCP No.78) from the National Association of Financial Market Institutional Investors, in which the Company was approved to register the issuance of ultra short-term financing bonds with an amount of RMB4 billion, and such registration amount will be valid for a term of 2 years from the date of the Acceptance of Registration Notice.

On 14 October 2019, the Company issued the third tranche of ultra short-term financing bonds at the National Association of Financial Market Institutional Investors in 2019 as follows:

	The third	tranche
	of ultra short-term
Name	financing bonds of	Abbreviation	19 Great Wall Motor
Great Wall Motor	SCP003
	Company	Limited
	in 2019
Great Wall Motor	011902333		Duration	270days
Value date	16 October 2019	Redemption	12 July 2020
date
Total amount proposed	RMB2 billion	Actual amount	RMB2 billion
to be issued	issued

Interest rate for the	3.30 %	Issuance price	RMB100
issuance
Bookrunner	China CITIC Bank Corporation Limited
Lead underwriter	China CITIC Bank Corporation Limited
Joint lead underwriter	China Securities Co., Ltd.

The proceeds raised from issuance of ultra short-term financing bonds will be fully used to repay the debt financing instruments of the Company.

This announcement is available on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Shanghai Stock Exchange (www.sse.com.cn) and the official website of the Company (www.gwm.com.cn).

By order of the Board

Great Wall Motor Company Limited

Xu Hui

Company Secretary

Baoding, Hebei Province, the PRC, 16 October 2019

As at the date of this announcement, members of the Board comprise:

Executive Directors: Mr. Wei Jian Jun, Ms. Wang Feng Ying and Ms. Yang Zhi Juan.

Non-executive Director: Mr. He Ping.

Independent Non-executive Directors: Mr. Ma Li Hui, Mr. Li Wan Jun and Mr. Ng Chi Kit.

• For identification purpose only