Evergrande Health Industry : CHANGE OF COMPANY NAME, STOCK SHORT NAMES AND COMPANY'S WEBSITE

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.

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)

CHANGE OF COMPANY NAME, STOCK SHORT NAMES

AND COMPANY'S WEBSITE

The Board is pleased to announce that the name of the Company has been changed from ''恒大健康 產業集團有限公司 Evergrande Health Industry Group Limited'' to ''中國恒大新能源汽車集團有限 公司 China Evergrande New Energy Vehicle Group Limited''.

The stock short names of the Shares for trading on the Stock Exchange will be changed from ''EVERG HEALTH'' to ''EVERG VEHICLE'' in English and from ''恒大健康'' to ''恒大汽車'' in Chinese with effect from 9:00 a.m. on 1 September 2020. The stock code of the Company remains unchanged as ''708''.

References are made to the announcement of China Evergrande New Energy Vehicle Group Limited (formerly known as Evergrande Health Industry Group Limited) (the ''Company'') dated 27 July 2020 and the circular of the Company dated 3 August 2020 (the ''Circular'') in relation to the change of company name and the announcement of the Company dated 20 August 2020 in relation to the poll results of the general meeting of the Company held on the same date. Capitalized terms used herein shall have the same meanings as those defined in the Circular unless otherwise stated.

CHANGE OF COMPANY NAME

The Board is pleased to announce that the name of the Company has been changed from ''恒大健康產 業集團有限公司 Evergrande Health Industry Group Limited'' to ''中國恒大新能源汽車集團有限公司 China Evergrande New Energy Vehicle Group Limited''. The Certificate of Change of Name of the Company was issued by the Registrar of Companies in Hong Kong on 20 August 2020.

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CHANGE OF STOCK SHORT NAMES

The stock short names of the shares of the Company (the ''Shares'') for trading on the Stock Exchange will be changed from ''EVERG HEALTH'' to ''EVERG VEHICLE'' in English and from ''恒大健康'' to ''恒大汽車'' in Chinese with effect from 9:00 a.m. on 1 September 2020. The stock code of the Company remains unchanged as ''708''.

EFFECT OF THE CHANGE OF COMPANY NAME

The change of name of the Company will not affect any of the rights of the Shareholders. All existing share certificates in issue bearing the former name of the Company will continue to be effective and as documents of title to the Shares and valid for trading, settlement, registration and delivery purposes. Accordingly, there will not be any arrangement for free exchange of the existing share certificates for new share certificates bearing the new name of the Company. New share certificates will be issued under the new name of the Company.

CHANGE OF COMPANY WEBSITE

The website of the Company will be changed from ''https://health.evergrande.com/'' to ''www.hengchiauto.com'' with effect from 30 September 2020. All announcements, notices or other documents to be submitted by the Company for publication on the Stock Exchange's website will also be published on this new website of the Company.

By Order of the Board

China Evergrande New Energy Vehicle Group Limited

Shi Shouming

Chairman

Hong Kong, 26 August 2020

As at the date of this announcement, the executive Directors of the Company are Mr. SHI Shouming, 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.

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