We are pleased to announce that the GEELY-C5 have expired at 5.00 p.m. on 30 December 2021 ("Expiry Date"). The Cash Settlement Amount shall be an amount in the Settlement Currency (if greater than zero), calculated as follows:

Cash Settlement Amount
= Number of Structured Warrants X (Settlement Price - Exercise Price) X (1/Exercise Ratio) X Settlement Exchange Rate
= Number of Structured Warrants X (HKD 21.7100 - HKD 25.0000) X (1/24.0000) X RM/HKD 0.5357
= Number of Structured Warrants X RM 0.0000

The Settlement Price has been determined at HKD 21.7100, being the average closing price of the GEELY Shares on The Stock Exchange of Hong Kong Limited for the five (5) HK Market Days prior to and including the HK Market Day immediately before the Expiry Date.

As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative. Warrantholders will not be entitled to receive any payment of the Cash Settlement Amount.

Terms not defined in this announcement shall have the meanings given to them in the Term Sheet for the warrants and the Base Prospectus.

This announcement is dated 30 December 2021.