Great Wall Motor : IN RELATION TO RECEIPT OF THE CERTIFICATE OF APPROVAL FOR FOREIGN INVESTMENT ENTERPRISE IN RESPECT OF THE JOINT VENTURE PROJECT WITH BMW HOLDING B.V. (THE SPOTLIGHT AUTOMOTIVE PRODUCTION BASE PROJECT)

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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

IN RELATION TO RECEIPT OF THE CERTIFICATE OF APPROVAL FOR FOREIGN INVESTMENT

ENTERPRISE IN RESPECT OF THE JOINT VENTURE PROJECT WITH BMW HOLDING B.V.

(THE SPOTLIGHT AUTOMOTIVE PRODUCTION BASE PROJECT)

This announcement is made by Great Wall Motor Company Limited (the "Company") pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rules 13.09(2)(a) and 13.10B of the Listing Rules.

On 14 December 2019, the Company has obtained the "Certificate of Approval for Foreign Investment Enterprise of the People's Republic of China" (Shang Wai Zi Su Fu Zi Zi [2019] No. 103263) in respect of the joint venture project with BMW Holding B.V. (The Spotlight Automotive Production Base Project). The Company will subsequently complete the business registration of the joint venture company according to the approval certificate as well as other relevant materials and perform the obligation of information disclosure.

This announcement is available on the websit es of the Hong Kong Stock Exchange (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, 15 December 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 purposes only