Since 26 April 2023, the GCL New Energy Holdings Limited has repurchased the Notes in the open market in an aggregate principal amount of USD 25,649,102, being USD 31,991,315 outstanding principal amount at face value of the Notes as a result of applying the pool factor of the redemption on 25 January 2022. As at the date of this announcement, the Repurchased Notes represent approximately 5.01% of the initial principal amount of the Notes. The Repurchased Notes have been cancelled in accordance with the terms of the Notes and the indenture governing the Notes.

After the cancellation of the Repurchased Notes, the aggregate principal amount of the Notes outstanding is USD 173,257,576, and the aggregate principal amount of the Notes at face value outstanding is USD 216,098,702.