Great Wall Motor : ISSUANCE OF THE SECOND TRANCHE OF ULTRA SHORT-TERM FINANCING BONDS IN 2020

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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

ISSUANCE OF THE SECOND TRANCHE

OF ULTRA SHORT-TERM FINANCING

BONDS IN 2020

Great Wall Motor Company Limited (the "Company") considered and approved the "Resolutionon Issuance of Ultra Short-term Financing Bonds" at the 2019 First Extraordinary General Meeting of the Company held on 3 January 2019, approving the Company's application to the National Association of Financial Market Institutional Investors for registration and issuance of the ultra short -term financing bonds with an amount of not more than RMB5 billion (including RMB5 billion).

On 27 March 2019, the Company received the "Acceptance of Registration Notice" (Zhong Shi Xie Zhu [2019] SCP No.78) from the National Association of Financial Market Institutional Investors, in which the Company was approved to register the issuance of ultra short-term financing bonds with an amount of RMB4 billion, and such registration amount will be valid for a term of 2 years from the date of the Acceptance of Registration Notice.

On 22 July 2020, the Company issued the second tranche of ultra short-term financing bonds at the National Association of Financial Market Institutional Investors in 2020 as follows:

	The second
	tranche of ultra
Name	short-term	Abbreviation	20 Great Wall Motor
financing bonds of	SCP002
	Great Wall Motor
	Company Limited
Great Wall Motor	012002582	Duration	34 days
Value date	23 July 2020	Redemption	26 August 2020
date
Total amount proposed	RMB1 billion	Actual amount	RMB1 billion
to be issued	issued

Interest rate for the	1.4%	Issuance price	RMB100
issuance
Bookrunner	Ping An Bank Company Limited
Lead underwriter	Ping An Bank Company Limited
Joint lead underwriter	-

The proceeds raised from the issuance of ultra short-term financing bonds will be fully used to repay the bank acceptance bills of the Company.

This announcement is available 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).

By order of the Board

Great Wall Motor Company Limited

Xu Hui

Company Secretary

Baoding, Hebei Province, the PRC, 23 July 2020

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