Wuling Motors : Announcements and Notices - Continuing Connected Transactions Master Tenancy Agreement Delay in Despatch of Circular

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CONTINUING CONNECTED TRANSACTIONS

MASTER TENANCY AGREEMENT DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of the Company dated 7 December 2018 (the ''Announcement'') in relation to, among other things, the Master Tenancy Agreement, together with the transactions contemplated thereunder and the Proposed Annual Caps. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As stated in the Announcement, a circular (the ''Circular'') containing, among other things, (i) details of the Master Tenancy Agreement (ii) a letter from the Independent Board Committee to the Independent Shareholders giving its recommendations in respect of the terms of the Master Tenancy Agreement, together with the transactions contemplated thereunder and the Proposed Annual Caps; (iii) a letter from the Independent Financial Advisor, Gram Capital, to the Independent Board Committee and the Independent Shareholders containing its advice on the terms of the Master Tenancy Agreement, the transactions contemplated thereunder and the Proposed Annual Caps; and (iv) a notice of the SGM, will be despatched to the Shareholders on or before 2 January 2019.

As the Group requires additional time to prepare the Circular, it is expected that the despatch of the Circular will be postponed to a date on or before 15 January 2019.

On behalf of the Board

Wuling Motors Holdings Limited

Yuan Zhijun

Chairman

Hong Kong, 2 January 2019

As at the date of this announcement, the Board comprises Mr. Yuan Zhijun (Chairman), Mr. Lee Shing (Vice-chairman and Chief Executive Officer), Mr. Zhong Xianhua, Ms. Liu Yaling and Mr. Yang Jianyong as executive Directors, and Mr. Ye Xiang, Mr. Wang Yuben and Mr. Mi Jianguo as independent non-executive Directors.