ctrpc| China Evergrande (03333) and a series of potential sellers plan to sell a total of 58.5% of the issued shares of Evergrande Motors (00708)

Zhitong Finance APP Newsctrpc, China Evergrande (03333) announced that on May 16, 2024, the company's joint and several liquidators (for and on behalf of the company), Evergrande Health Industry Holdings Co., Ltd., Acelin Global Limited (each a subsidiary of the company)(collectively referred to as the potential sellers) entered into a non-binding term with a third-party buyer (potential buyer), pursuant to which the potential seller and potential buyer may negotiate the purchase and sale of the potential seller's shares of China Evergrande New Energy Automobile Group Co., Ltd.(a company listed on the Stock Exchange (stock code)ctrpc: 708) A final sale and purchase agreement was entered into.

As of the date of this announcement, New Energy Vehicle Company is an indirect subsidiary of the company and potential sellers hold a total of 63% of the total.ctrpc.48 billion shares of New Energy Vehicle Company (accounting for approximately 58% of all issued shares of New Energy Vehicle Company as at the date of this announcementctrpc.5%)。Subject to the conclusion of the sale and purchase agreement and subject to its terms and conditions, 3.145 billion potential shares for sale are proposed (accounting for approximately 29.0% of the total issued shares of New Energy Vehicle Company as at the date of this announcement) will be acquired immediately, and 3.203 billion potential sale shares (accounting for approximately 29.5% of the total issued shares of New Energy Vehicle Company as at the date of this announcement) will become the subject of an exercisable option by the potential buyer for a certain period after the date of the sale and purchase agreement.

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