China Evergrande New Energy Vehicle : VOLUNTARY ANNOUNCEMENT - COMPLETION OF ISSUANCE OF SHARES

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CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED

中 國 恒 大 新 能 源 汽 車 集 團 有 限 公 司

(a company incorporated in Hong Kong with limited liability)

(Stock Code: 708)

VOLUNTARY ANNOUNCEMENT

COMPLETION OF ISSUANCE OF SHARES

The Company announces that, as of the date of this announcement, the Company has received HK$26 billion from all of the six investors and has completed the issuance of new shares to those investors.

By Order of the Board

China Evergrande New Energy Vehicle Group Limited

SIU Shawn

Chairman

Hong Kong, 9 April 2021

As at the date of this announcement, the executive Directors of the Company are Mr. SIU Shawn, Mr. LIU Yongzhuo and Mr. QIN Liyong; and the independent non-executive Directors of the Company are Mr. CHAU Shing Yim David, Mr. GUO Jianwen and Mr. XIE Wu.