We are pleased to announce that GEELY-C3 has expired at 9.00 a.m. on 28 June 2021 ("Expiry Date") and the Holders shall be entitled to the Cash Settlement Amount (per GEELY-C3) (if the said amount is greater than zero).

The Settlement Price has been determined at HKD 25.7100 being the arithmetic mean of the closing price of GEELY Shares on the Stock Exchange of Hong Kong for the five (5) scheduled market days prior to and including the market day before the Expiry Date.  

The Cash Settlement Amount shall be converted to RM prior to payment, using the prevailing rate of exchange being HKD/MYR 0.5339 on the Exercise Date at or about 5.00 p.m. Malaysia time ("Settlement Exchange Rate").

Cash Settlement Amount

= {(Settlement Price - Exercise Price) / Exercise Ratio} x Settlement Exchange Rate x Number of GEELY-C3 exercised - 0.30%

= {(HKD 25.7100 - HKD 18.0000) / 10 } x 0.5339 x Number of GEELY-C3 exercised - 0.30%

= HKD 0.7710 x 0.5339 x Number of GEELY-C3 exercised - 0.30%

= RM 0.4116 x Number of GEELY-C3 exercised - 0.30%

Payment of the Cash Settlement Amount shall be made via the eDividend or Cash Redemption Payment Service by Bursa Malaysia Depository into the bank account of the Holders as provided in the Record of Depositors within seven (7) Market Days following the Expiry Date. Bank cheques shall be issued in favour of the Holders whose bank account information is not available in the Record of Depositors.

This announcement is dated 28 June 2021.