[Press Release]

WE Solutions Officially Changed its English name to “Apollo Future Mobility Group Limited”

Infused with Advanced Technologies and Exceptional Brand Value

Highlight Business Strategy of Focusing on Mobility Technology Solution

 

(8 May 2020, Hong Kong) Apollo Future Mobility Group Limited (“AFMG”, the ‘‘Company’’ ; SEHK stock code: 860.HK; and together with its subsidiaries, the “Group”) is pleased to announce the official completion of the Group’s rebranding exercise, with the English name of the Company changed and registered as “Apollo Future Mobility Group Limited”. The Chinese name of the Company “力世紀有限公司” remains unchanged. The English stock short name of the Company will be changed from “WE SOLUTIONS” to “APOLLO FMG” for trading in the Shares on the Stock Exchange with effect from 9:00 a.m. on 13 May 2020. The Chinese stock short name of the Company “力世紀” and the stock code “860” remain unchanged. Meanwhile, the Company has adopted a new company logo, and the website address will be changed to www.apollofmg.com, signalling the Group’s embarkation of a new journey to proactively promote its mobility technology business and its determination  to explore in-depth technological innovation, aiming to establish a new standard as an integrated mobility solution provider.

With the advancement and transformation of the global mobility industry, the Group foresaw ample potential in this marketspace. Through a series of strategic mergers and acquisitions, the Group has successfully transformed into an integrated mobility solution provider. In March this year, the Group completed the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer. By integrating technologies of Apollo Automobil and that of the Group’s existing electric vehicle businesses, the Group is able to create a disruptive full-service mobility technology solution platform from ideation, design, modeling, engineering, simulation, prototype production, actual testing, all the way to the delivery of pre-production prototypes to customers.

The acquisition of Apollo Automobil injected state-of-the-art mobility technologies and exceptional brand value into the Group. The acquisition further strengthens the Group’s ability to become one of the world’s leading technology solution providers of the new energy vehicle and mobility industry. The name change will better reflect the Group’s business strategies and expansion and its determination to make a statement in the future of mobility, as well as enhancing its corporate image and competitiveness. 

Mr. Ho King Fung Eric, Chairman of Apollo Future Mobility Group, said, “The completion of the Group’s rebranding marks a significant milestone in our corporate development and transformation into an integrated mobility solution provider. The series of recent strategic transactions signifies our resolve in becoming a pioneer in future mobility. The Board believes the new English name and logo of the Company uplifts our corporate image and willbenefit future business development of the Group and conform to the overall best interests of its shareholders.”

-End-

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