Great Wall Motor : REPLY OF APPROVAL FROM THE CHINA SECURITIES REGULATORY COMMISSION FOR THE APPLICATION FOR PUBLIC ISSUANCE OF A SHARE CONVERTIBLE CORPORATE BONDS

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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

REPLY OF APPROVAL FROM THE CHINA SECURITIES REGULATORY

COMMISSION FOR THE APPLICATION FOR PUBLIC ISSUANCE OF A SHARE

CONVERTIBLE CORPORATE BONDS

Recently, Great Wall Motor Company Limited (the "Company") received the Reply of Approval for the Public Issuance of the Convertible Corporate Bonds of Great Wall Motor Company Limited (Zhengjian Xuke [2021] No. 1353) issued by the China Securities Regulatory Commission (the "CSRC"). Details of the approval are as follows:

1. The Company is approved to publicly issue convertible corporate bonds with an aggregate face value of RMB3.5 billion and a term of 6 years to the general public.
2. The issuance of the convertible corporate bonds must be executed strictly in accordance with the prospectus filed to the CSRC and announcements regarding the issuance.
3. The reply is valid for a period of 12 months from the date of approval of the issuance.
4. If any significant event occurs to the Company within the period from the date of approval of the issuance to the completion of the issuance of the convertible corporate bonds, the Company must report the same to the CSRC in a timely manner and handle it in accordance with the relevant provisions.

The board of directors of the Company will handle matters related to the public issuance of A share convertible corporate bonds within the stipulated deadline in accordance with the relevant laws and regulations, the requirements in the reply of approval from the CSRC and the mandate granted by the general meeting of the Company, and information disclosure obligations will be performed in a timely manner. Investors are advised to pay attention to investment risks.

This announcement will be published on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Shanghai Stock Exchange (www.sse.com.cn) and the official website of the Company (www.gwm.com.cn).

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

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By order of the Board

Great Wall Motor Company Limited

Xu Hui

Company Secretary

Baoding, Hebei Province, the PRC, 26 April 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 purposes only

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