Nexteer Automotive : EARLY REDEMPTION IN FULL AND APPLICATION FOR DELISTING OF US$250 MILLION 5.875% SENIOR NOTES DUE 2021

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.

Nexteer Automotive Group Limited

耐世特汽車系統集團有限公司

(Incorporated under the laws of the Cayman Islands with limited liability)

(Stock Code: 1316)

US$250 MILLION 5.875% SENIOR NOTES DUE 2021

(Stock Code: 5826)

EARLY REDEMPTION IN FULL AND APPLICATION FOR

DELISTING OF US$250 MILLION 5.875% SENIOR NOTES DUE 2021

Reference is made to the announcements of Nexteer Automotive Group Limited (the "Company") dated 22 October 2014, 3 November 2014, 6 November 2014, 11 November 2014 and 1 March 2021 (the "Announcements") in relation to the US$250 million 5.875% senior notes due 2021 (the "Notes"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements.

In accordance with the terms and conditions of the Notes, on 2 April 2021, the Company has exercised its right to redeem in full the aggregate principal amount of US$250 million of the Notes before their maturity at a total redemption price of US$255,589,409.72, representing 100.00% of the principal amount of the outstanding Notes plus accrued and unpaid interest. As of the date of this announcement, there are no outstanding Notes in issue. The Company has applied to The Stock Exchange of Hong Kong Limited to withdraw the listing of the Notes. Such withdrawal of listing is expected to become effective upon the close of business on 14 April 2021.

By order of the Board

Nexteer Automotive Group Limited

Yi FAN

Executive Director, Company Secretary

Hong Kong, 6 April 2021

As at the date of this announcement, the Company's Executive Directors are Mr. Guibin ZHAO (Chief Executive Officer and Vice Chairman), Mr. Robin Zane MILAVEC and Mr. Yi FAN, the non-Executive Directors are Mr. Jian WANG (Chairman), Mr. Ping LIU and Ms. Wendong ZHANG, and the Independent non-Executive Directors are Mr. Jianjun LIU, Mr. Kevin Cheng WEI and Mr. Wing Fat Simon YICK.