[ET Net News Agency, 13 May 2021] China Evergrande Group (03333) said it has placed 260
million shares of China Evergrande New Energy Vehicle Group Limited (Evergrande Vehicle)
(00708) at HK$40.92 per share (representing a discount of 20% to the closing price of
Evergrande Vehicle on 12 May 2021 of HK$51.15 per share). The sale shares accounted for
approximately 2.66% of the issued shares of Evergrande Vehicle, with placing proceeds of
approximately HK$10.6 billion.
The placing of 260 million shares serves to reduce the shareholding ratio of the top 20
shareholders of Evergrande Vehicle to below 90%, fulfilling the necessary conditions for
Evergrande Vehicle to participate in the Hong Kong Stock Connect in the next step. (RC)