We wish to announce that JDCOM-C19 had expired at 9.00 a.m. on 24 June 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of JDCOM-C19 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) x Settlement Exchange Rate
= Number of JDCOM-C19 exercised x (1/100) x (HKD112.8271 - HKD158.0000) x RM/HKD0.6042
= Number of JDCOM-C19 exercised x RM0.0000 

The Closing Price of HKD112.8271 is the average daily volume weighted average price (VWAP) of the ordinary shares of JDCOM on The Stock Exchange of Hong Kong Limited for the five (5) market days prior to and including the market day immediately before the Expiry Date. The JDCOM-C19 is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised JDCOM-C19 will cease to be valid and all our obligations in respect to JDCOM-C19 shall terminate absolutely.

This announcement is dated 24 June 2024.