On July 28, Gotion High -Tech Co., Ltd. (SZE: 002074 / SSE GDRs: GOTION), the 
world-leading Chinese power battery manufacturer, officially listed on the 
Swiss Stock Exchange by issued global depositary receipts(GDR), becoming the 
first group of Chinese companies that came to Swiss Stock Exchange.

The Swiss Stock Exchange and the Shenzhen Stock Exchange and Shanghai Stock 
Exchange held a simultaneous ceremony of China-Swiss Stock Connect Celebration 
and GDRs Listing Event in the 3 city.Mr. Fang Xinghai, Vice Chairman of CSRC, 
and Mr. Stoffel, State Secretary of the Swiss Ministry of Finance, announced 
the official opening of the GDR business for the connection of the Swiss and 
Chinese securities markets.

Gotion has placed  22,833,400 GDRs at an offer price of USD 30.00 per GDR, with 
one GDR representing an interest in five A shares of the Company, resulting in 
gross proceeds of approximately  USD  685 million from the Offering.

The issue of GDR is the largest GDR project in terms of size of the underlying 
issue on the Swiss Stock Exchange since the implementation of the China-Europe 
Stock Connect rules. it is also the largest equity financing project issued in 
the Swiss market so far this year.

Gotion particularly to grow overseas production capacity of battery products 
and raw materials through investment in fixed assets, acquisition of equity 
interests or other means, to increase the Company's international footprint, to 
increase working capital and to match other general corporate uses, and to help 
the Company Contribute to the common goal of the world about carbon peaking 
eventually.

Mr. LI Zhen, Chairman of the Board and General Manager of Gotion, says: "We are 
delighted with the successful pricing of our offering of GDRs and the interest 
from domestic and international investors in our company. This is a major 
milestone in the history of Gotion. Our principal shareholders and I remain 
fully committed in the long-term to further driving Gotion's growth story."

Gotion High-tech is one of the earliest companies in China to engage in 
independent research and development, production and sales of EV lithium-ion 
batteries, and has grown into a world-leading and rapidly expanding provider of 
new energy solutions. Volkswagen officially became the largest shareholder of 
Gotion at the end of 2021.

SOURCE Gotion High-tech