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.

ڗ۬ӛԓٰ΅Ϟࠢʮ̡

GREAT WALL MOTOR COMPANY LIMITED*

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

(Stock code: 2333)

ANNOUNCEMENT RE-APPOINTMENT OF AUDITOR

RE-APPOINTMENT OF AUDITOR

Name of auditor proposed for re-appointment by the Company: Deloitte Touche Tohmatsu Certified Public Accountants LLP

I. BASIC INFORMATION OF THE AUDITOR PROPOSED TO BE APPOINTED (1) Information about the entity 1. Basic information

The predecessor of Deloitte Touche Tohmatsu Certified Public Accountants LLP ("Firm") is Deloitte Touche Tohmatsu Shanghai CPA Ltd. established in February 1993. It was renamed as Deloitte Touche Tohmatsu CPA Ltd. in 2002 and converted into a special general partnership upon obtaining approval from departments including the Ministry of Finance in September 2012. The registered address of the Firm is 30/F, 222 Yan An Road East, Huangpu District, Shanghai.

The Firm possesses the CPA practising certificate as approved by the Ministry of Finance, and is approved to engage in audit business for H-share listed companies by the Ministry of Finance and China Securities Regulatory Commission ("CSRC"). The Firm has filed registration for engaging in securities services business as required by the Administrative Measures on Filing for Accounting Firm to Engage in Securities Services Business( ึࠇࢪԫਕה੽ԫᗇՎ؂ਕุਕ ௪ࣩ၍ଣ፬ج') and other regulations issued by the Ministry of Finance and the CSRC. Over the past two decades, the Firm has been engaging in securities and futures related businesses and has accumulated extensive experience in securities service business.

The managing partner of the Firm is Mr. Fu Jianchao. At the end of 2020, there were 205 partners, 6,445 practitioners and 1,239 registered accountants in total. Among which, there were more than 240 registered accountants who signed auditing reports on securities service business.

  • 2. Ability to safeguard investors' interest

    The occupation insurance purchased by the Firm has an accumulated insurance amount limit exceeding RMB200 million, which complies with relevant regulations. The Firm was not obliged to any civil liability of any civil action arising from business practice during the past three years.

  • 3. Integrity records

    During the past three years, the Firm and its practitioners were subject to no criminal punishment, administrative punishment, administrative regulatory measures from securities regulatory authorities nor self-disciplinary measures or disciplinary decisions from stock exchanges, industry associations or other self-disciplinary organisations for their business practice.

(2) Information about the project

  • 1. Basic information

    Mr. Tong Chuanjiang, engagement partner, joined Deloitte CPA in 2005 and started to provide audit and capital market related professional service to listed companies. He became a registered accountant in 1994. Currently, he is a PRC practising registered accountant and a fellow member of The Chinese Institute of Certified Public Accountants. Mr. Tong Chuanjiang signed auditing reports for various listed companies in the past three years. Mr. Tong Chuanjiang has been providing audit professional service to the Company since 2018.

    Ms. Jiang Can, quality control checker, joined Deloitte CPA in 2003 and started to provide audit and capital market related professional service for listed companies. Currently, she is a PRC practising registered accountant. Ms. Jiang Can engaged in audit report review for various listed companies in the past years. Ms. Jiang

  • Can has been providing audit services to the Company since 2020.

  • 2. Integrity records

    During the past three years, the above personnel were subject to no criminal punishment, administrative punishment, administrative regulatory measures from securities regulatory authorities nor self-disciplinary measures or disciplinary decisions from stock exchanges, industry associations or other self-disciplinary organisations for their business practice.

  • 3. Independence

    There is no circumstance that could affect the independence of the Firm, above-mentioned engagement partner, signing registered accountant or project quality control checker.

  • 4. Audit fee

    The estimated audit fee for 2020 is RMB2,358,500, which is determined according to the time commitments of the partners, managers and other staff of the Firm in the audit process, and remains substantially the same as that in the prior period.

II. PROCEDURES TAKEN IN THE PROPOSED RE-APPOINTMENT OF AUDITOR

  • (1) The audit committee of the Company, after its audit, considered that Deloitte Touche Tohmatsu Certified Public Accountants LLP is qualified to engage in securities business and has extensive experience in the audit of listed companies. As audit firm of the Company, in the course of conducting special audit and audit for financial statements, it has carried out independent audit in a fair and objective manner and properly fulfilled the duties and obligations as an external audit firm. It has sufficient ability to safeguard investors' interest. There are no circumstances where the above engagement partner, quality control checker and accountant who signed the financial statements for the period are in breach of the independence requirements under China Code of Ethics for Certified Public Accountants ( ʕ਷ൗ̅ึࠇࢪᔖุ༸ᅃςۆ'), nor any incidents of criminal punishment, administrative punishment, administrative regulatory measures and self-disciplinary measures from stock exchanges in the past three years. We therefore agree with the board of directors' re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as audit firm of the Company for 2020.

  • (2) The independent non-executive Directors of the Company has given prior consent to the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP: We have conscientiously considered the resolution regarding the re-appointment of auditor and considered that Deloitte Touche Tohmatsu Certified Public Accountants LLP is qualified to engage in securities business and has extensive experience in audit work for listed companies. As audit firm of the Company, in the course of conducting special audit and audit for financial statements, it has carried out independent audit in a fair and objective manner and properly fulfilled the duties and obligations as an external audit firm. We therefore unanimously agree to re-appoint Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditor of the Company for 2021 and submit the resolution to the 15th meeting of the seventh session of the board of directors of the Company for consideration.

    At the same time, the independent non-executive Directors of the Company have issued an independent opinion: Deloitte Touche Tohmatsu Certified Public Accountants LLP is qualified to engage in securities business and is able to conscientiously perform its duties with diligence and in good faith during the work process and objectively assess the financial conditions and operating results of the Company in accordance with the registered accountants' code of practice and code of ethics so as to issue an independent audit opinion. Therefore, the legitimate rights and interests of all shareholders and investors will not be harmed. As the procedure for re-appointment of auditor of the Company for 2021 complies with the relevant laws, regulations and the articles of association, we agree to re-appoint Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditor of the Company for 2021, and submit the resolution to the annual general meeting of the Company for 2020 for consideration.

(3) The resolution regarding the re-appointment of audit was considered and approved at the 15th meeting of the seventh session of the board of directors and at the 12th meeting of the seventh session of the supervisory committee of the Company. The matter is subject to consideration and approval at the annual general meeting of the Company for 2020 and shall take effect from the date of passing of the resolution at the general meeting.

This announcement is published on the website of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk), the website of the 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, 30 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 30 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2021 09:28:08 UTC.