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.
GEELY AUTOMOBILE HOLDINGS LIMITED
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 175)
VOLUNTARY ANNOUNCEMENT
This announcement is made by Geely Automobile Holdings Limited (the "Company", together with its subsidiaries, the "Group") on a voluntary basis.
The board of directors (the "Board") of the Company announces that it has been advised by 浙江吉 利控股集團有限公司 (Zhejiang Geely Holding Group Company Limited, "Geely Holding"), a company owned as to 91.08% by Mr. Li Shufu ("Mr. Li"), an executive director and the controlling shareholder of the Company, that Geely Holding and Volvo Car Corporation ("Volvo Cars"), another company controlled by Mr. Li, that Geely Holding and Volvo Cars intend to merge their existing combustion engine operations (the "Proposed Transaction") into a stand-alone business in order to establish a new global supplier that will seek to develop next generation combustion engines and hybrid powertrains.
The Company would like to clarify that it is not a party to the Proposed Transaction and it is not partnering with Geely Holding or Volvo Cars in relation to the Proposed Transaction.
The Company does not rule out the possibility of exploring potential cooperation opportunities with the merged unit of Geely Holding and Volvo Cars in the future if such cooperation is in the interests of the Company and the shareholders as a whole.
Each of Geely Holding and Volvo Cars is a connected person of the Company for the purpose of the Listing Rules. In this connection, to the extent that any actual cooperation takes place or is proposed to take place with Geely Holding or Volvo Cars, the Company will comply with the relevant requirements of the Listing Rules with respect to connected transaction and/or continuing connected transactions as and when appropriate.
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Shareholders and potential investors are reminded to exercise caution when dealing in the securities of the Company.
By order of the Board of
Geely Automobile Holdings Limited
David C.Y. Cheung
Company Secretary
Hong Kong, 8 October 2019
As at the date of this announcement, the executive directors of the Company are Mr. Li Shu Fu (Chairman), Mr. Yang Jian (Vice Chairman), Mr. Li Dong Hui, Daniel (Vice Chairman), Mr. Gui Sheng Yue (Chief Executive Officer), Mr. An Cong Hui, Mr. Ang Siu Lun, Lawrence and Ms. Wei Mei, and the independent non-executive directors of the Company are Mr. Lee Cheuk Yin, Dannis, Mr. Yeung Sau Hung, Alex, Mr. An Qing Heng and Mr. Wang Yang.
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Geely Automobile Holdings Ltd. published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2019 10:19:10 UTC
Geely Automobile Holdings Limited specializes in the construction and marketing of passenger cars. Net sales break down by activity as follows:
- sales of vehicles (96.3%): 1,500,838 vehicles sold in 2018, broken down by brand name as follows: Boyue (226.160 unit's), New Emgrand (223,068), Vision (160.168), Emgrand GS (152,338), Vision SUV/X3/S1 (327,714), Emgrand GL (144,181), Lynk&Co 01 (78,235), Binrui (40,632) and GC9 (38,260) ;
- sales of spare parts and automotive components (3.7%).
At the end of 2018, the group operated 10 production sites in China.
Net sales are distributed geographically as follows: China (98.7%), Middle East (0.6%), Europe (0.4%), Africa (0.2%) and Latin America (0.1%).
GEELY AUTOMOBILE HOLDINGS LIMITED 
