MONTHLY UPDATE ON POTENTIAL SHARE TRANSFER

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.CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED中国恒大新能源汽车集团有限公司 (a company incorporated in Hong Kong with limited liability) (Stock Code: 708) MONTHLY UPDATE ON POTENTIAL SHARE TRANSFER INTRODUCTION Reference is made to the announcement of China Evergrande New Energy Vehicle Group Limited (the ‘‘Company’’ together with its subsidiaries the ‘‘Group’’) dated 26 May 2024 in relation to the entering into of the non binding term sheet in relation to the Potential Share Transfer (the ‘‘Announcement’’). Unless otherwise defined capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.STATUS UPDATE The Company would like to update the holders of the Shares (the ‘‘Shareholders’’) and potential investors that as at the date of this announcement discussions are still ongoing among the Potential Sellers the Potential Purchaser and the Company but the Potential Sellers and the Potential Purchaser have not yet entered into the SPA and the Potential Purchaser and the Company have not yet entered into the Facility Agreement.Further announcement(s) will be made by the Company and/or the Potential Purchaser as and when appropriate or required in compliance with the Listing Rules and/or the Takeovers Code (as the case may be).– 1 –The Company wishes to emphasise that as the Potential Transactions are subject to further due diligence (including but not limited to the funding proof of the Potential Purchaser and the due diligence on the assets liabilities business financial and legal matters relating to the Group) and the signing and terms and conditions of the SPA and Facility Agreement the Potential Transactions may or may not proceed and the discussion of the Proposed Transactions may or may not lead to a general offer under Rule 26.1 of the Takeovers Code. Shareholders and potential investors are strongly advised to exercise particular caution when dealing in the Shares.For and on behalf of the Board of China Evergrande New Energy Vehicle Group Limited SIU Shawn Chairman Hong Kong 26 June 2024 As at the date of this announcement the executive Directors are Mr. SIU Shawn Mr. LIU Yongzhuo and Mr. QIN Liyong; and the independent non-executive Directors are Mr. CHAU Shing Yim David and Mr. XIE Wu.The Directors jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm having made all reasonable inquiries that to the best of their knowledge opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statement in this announcement misleading.–2–