[Hong Kong, 29 September 2022] — Apollo Future Mobility Group Limited (“AFMG”, the “Company”, HKEX stock code: 860, together with subsidiaries, the “Group”) is pleased to announce the Company is admitted to the “Consumer Discretionary” industry – “Automobiles” sector – “Automobiles” subsector under the Hang Seng Industry Classification System (“HSICS”) with effect from 30 September 2022. This Hang Seng industry reclassification move will better reflect the latest mobility developments of the Company, facilitating investors to more accurately identify AFMG as a key industry participant and assisting them in making better-informed decisions.
Over the past years, the Group has been endeavoring the best of its efforts developing its smart future mobility business. This Hang Seng Industry Classification change is a reflection of the Group’s global strategic foothold planning entailing establishment of a smart mobility business ecosystem and official entry into luxury EVs businesses. These steps redefine smart mobility with a new strategic vision for AFMG’s relentless expansion into the new energy vehicles (“NEV(s)”) sector.
Mr. Ho King Fung, Eric, Chairman of AFMG, said, “The Group believes its admission into the “Consumer Discretionary – Automobiles – Automobiles” category by HSICS allows our potential investors who aspire to share growth opportunities in the NEV space to identify us more easily and make better informed decision. Together with the Chinese company name change effective earlier, all these accomplishments boil down to improving AFMG’s appeal in attracting new capital, enabling the Group to dive deeper into technological innovation investments that affords establishment of a sufficiently scaled and comprehensive hardware and software ecosystem on market and technology levels, and efficiently collaborate with global partners to jointly cultivate a forward-looking luxury mobility ecosystem.”