China Hengda New Energy Automotive Group Co., Ltd. (Hengda Automobile) updated on 26 September 2024 the latest progress regarding the potential transfer of shares. THE COMPANY REVIEWED A SERIES OF ANNOUNCEMENTS REGARDING POTENTIAL SHARE TRANSFERS SINCE MAY 26 AND NOTED THAT DISCUSSIONS BETWEEN POTENTIAL SELLERS AND POTENTIAL BUYERS ARE CURRENTLY ONGOING, BUT NO BUYOUT AGREEMENT OR AUTHORIZATION AGREEMENT HAS YET BEEN REACHED. Evergrande stated that any transaction will comply with the Listing Rules and Acquisition Guidelines and will make further announcements in due course. The Board of Directors is responsible for the accuracy of the announcement and reminds shareholders and potential investors to exercise caution when trading shares.

China Hengda New Energy Automotive Group Co., Ltd. (Hengda Automobile) updated on 26 September 2024 the latest progress regarding the potential transfer of shares. THE COMPANY REVIEWED A SERIES OF ANNOUNCEMENTS REGARDING POTENTIAL SHARE TRANSFERS SINCE MAY 26 AND NOTED THAT DISCUSSIONS BETWEEN POTENTIAL SELLERS AND POTENTIAL BUYERS ARE CURRENTLY ONGOING, BUT NO BUYOUT AGREEMENT OR AUTHORIZATION AGREEMENT HAS YET BEEN REACHED. Evergrande stated that any transaction will comply with the Listing Rules and Acquisition Guidelines and will make further announcements in due course. The Board of Directors is responsible for the accuracy of the announcement and reminds shareholders and potential investors to exercise caution when trading shares.