China Evergrande NEV: Dispatch of Connected-Transactions Circular Pushed Back to 31 July 2026

China Evergrande New Energy Vehicle Group Limited (China Evergrande NEV; stock short name: EVERG VEHICLE) has announced a further postponement in sending out its shareholder circular for major and continuing connected transactions.

Key points:

• Scope of the circular – Details of the Post-Disposal Loans and loans to the China Evergrande Group (In Liquidation). – Independent Financial Adviser’s letter to the Independent Board Committee and independent shareholders. – Independent Board Committee’s recommendation. – Notice convening the general meeting.

• Revised timetable – Original dispatch deadline: 29 May 2026. – New deadline: on or before 31 July 2026. – The company will release an updated timetable for the transactions in due course.

• Background – The circular relates to major and continuing connected transactions, including (1) connected loans receivable and (2) updates on green landscaping services, material procurement and new-energy-vehicle sales. – This is the latest in a series of postponements previously disclosed on 11 occasions between April 2025 and March 2026. – The transactions are linked to the earlier disposal of Assemble Guard Limited and Flaming Ace Limited to Anxin Holding Limited, a subsidiary of China Evergrande Group (In Liquidation).

• Governance – Board chaired by Mr. Siu Shawn, with executive directors Mr. Siu Shawn and Mr. Choi Wai Hong Clifford, and independent non-executive directors Mr. Xie Wu and Mr. Vincent Gar-Gene Leung.

China Evergrande NEV attributes the latest delay to the additional time required to prepare and finalise information for the circular. A further announcement will be made once the revised schedule is confirmed.