AFMG Announces the Appointment of Mr. Frank Fan as Chief Executive Officer, Apollo EV (China)

(1 June 2021, Hong Kong) Apollo Future Mobility Group Limited (“AFMG”, the “Company”, HKEX stock code: 860; and together with its subsidiaries, the “Group”) announces today the appointment of Mr. Frank Fan as Chief Executive Officer, Apollo EV (China), with effect from 1 June 2021.

In his new capacity as Chief Executive Officer, Apollo EV (China), Mr. Fan will drive market development and sales of premium Apollo EV products in China. He will also be responsible for the execution of the proposed project with Shanghai Jinqiao Export Processing Zone Development Co., Ltd. on the development of a series of products related to high-performance electric sports car and luxury electric vehicles in Shanghai Jinqiao Economic and Technological Development Zone situated in Pudong New Area.

Mr. Fan, aged 45, has been engaging in the automotive industry in China for more than 20 years, serving key positions in marketing, sales, after-sale services, network development and customer experience functions in key automotive brands of Ford, Lincoln and Volkswagen, etc. His rich industry experiences also covered solely-owned and joint-venture enterprises, imported and locally-manufactured product businesses, luxury and non-luxury brands and niche high-performance brands.

Mr. Fan was Vice President of Lincoln China between 2013 and 2019, when he was responsible for the day-to-day operations and implemented down to practical details of Lincoln’s marketing strategy for China and created a brand-new model of luxury car customer experience, the “Lincoln Way”. Starting off with a belief in establishing long-term and sincere relationships with customers, the Lincon Way strived to create insightful and personalized car purchase and car ownership experiences for customers, setting a new standard for customer experiences in the luxury automotive industry, and thereby successfully promoted rapid development of the Lincoln brand in the Chinese market and made it emerge as the fastest-growing brand in the domestic luxury car market in China between 2014 and 2017.

Mr. Fan joined Ford Motor (China) Co., Ltd. in 2004 and served as Executive Director of Ford Imported Automobile from 2019 to 2021. He had been responsible for marketing, sales, aftersale services and network development of Ford’s imported automobiles for a long time. He also helped Ford China establish a unique distribution and business model for imported cars in the Chinese market. He successively introduced a series of Ford's most representative, personalized and high-performance models: Ford Edge, Ford Explorer, F-150 Raptor, Limited, Ford Mustang, Focus ST/RS and Fiesta Fiesta ST, etc. These models contributed positively to sales and market share growths of the Ford brand and significantly enhanced Ford’s brand image in the Chinese market.

Mr. Fan was graduated from Shanghai Tongji University, where he earned a Master of Business Administration degree and a bachelor’s degree in international enterprise management.

Mr. Ho King Fung, Eric, Chairman of Apollo Future Mobility Group Limited, comments, “We are extremely excited to have Frank joining us. With his rich experience and track record in the automotive industry and his deep understanding of the domestic Chinese market, Frank will spare no effort pushing forward AMFG’s business growth and strategic development in China. We expect Mr. Fan to play a key role in leading the Group to seize opportunities in the domestic luxury EV market in mainland China.”

Mr. Frank Fan, CEO of Apollo EV (China), said, “I am extremely honored to be able to join AFMG and am looking forward to work with this high-caliber team in proactively promoting Apollo EV products and technologies and continuing to deliver encouraging results for the Group.”