On November 8, Geely Auto (00175.HK) announced the sale of $0.5 billion US dollars of preferred perpetual capital securities (common code: 207889792; ISIN: XS2078897928) (the "Securities"). In accordance with the terms and conditions of the Securities, the company announced today that it has notified the trustee and security holders:

(a) It intends to exercise its optional redemption right under condition 6(b) to redeem all issued securities with a total principal amount of $0.5 billion US dollars; (b) The redemption date is December 9, 2024; (c) The redemption price is equivalent to 100% of $0.5 billion US dollars, plus any distributions accrued up to the redemption date (excluding that day); and (d) Payment for the redeemed securities will be made in accordance with the procedures of Euroclear Bank SA/NV and Clearstream Banking S.A.

The company will pay the redemption price to security holders on the redemption date, and the distribution of securities will cease cumulatively from the redemption date onwards.

The sole right of security holders is to receive the redemption price when returning the securities to the principal paying agent of the securities in accordance with the procedures of Euroclear Bank SA/NV and Clearstream Banking S.A.

After the redemption of the issued securities on the redemption date, all securities will be cancelled and subsequently delisted from the Singapore Exchange.