Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

長 城 汽 車 股 份 有 限 公 司

GREAT WALL MOTOR COMPANY LIMITED*

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2333)

ANNOUNCEMENT

CLARIFICATION OF PRESS ARTICLES

This announcement is made by Great Wall Motor Company Limited (the "Company") pursuant to 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

I. Summary of the press articles

The press articles stated that:

Xiaomi Corporation is negotiating with the Company to use the Company's factories to produce electric vehicles.

To ensure the timeliness and fairness of information disclosure and safeguard the interests of investors, the board of directors of the Company has promptly conducted a thorough investigation to verify the relevant facts.

II.

ClarificationUpon verification, it was found that the above press articles were untrue. Also, the Company has not negotiated with the Xiaomi Corporation on the matters in the above press articles.

The shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

This announcement is available on the website of The Stock Exchange of Hong Kong Limited

(www.hkexnews.hk), the website of Shanghai Stock Exchange (www.sse.com.cn) and the official website of the Company (www.gwm.com.cn).

By order of the Board

Great Wall Motor Company Limited

Xu Hui

Company Secretary

Baoding, Hebei Province, the PRC, 26 March 2021

As at the date of this announcement, members of the Board comprise:

Executive Directors: Mr. Wei Jian Jun, Ms. Wang Feng Ying and Ms. Yang Zhi Juan.

Non-executive Director: Mr. He Ping.

Independent Non-executive Directors: Ms. Yue Ying, Mr. Li Wan Jun and Mr. Ng Chi Kit.

*

For identification purpose only

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Great Wall Motor Co. Ltd. published this content on 26 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2021 11:10:09 UTC.