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APOLLO AUTOMOBIL ANNOUNCES COMPLETION OF MERGER & ACQUISITION TRANSACTION

By March 17, 2020 No Comments

APOLLO AUTOMOBIL ANNOUNCES COMPLETION OF MERGER & ACQUISITION TRANSACTION

TO CREATE THE ULTIMATE SUSTAINABLE FUTURE OF MOBILITY

● Apollo Automobil announces WE Solutions Limited (860.HK) acquires a 86% stake in the European hyper-car manufacturer’s holding company in an M&A transaction.

Group to be renamed Apollo Future Mobility Group following completion.

Group’s Mission is to revolutionize the mobility industry from a foundational perspective. To disrupt the status quo and antiquated legacy structure of the automotive industry.

Group’s Focus will be looking beyond EV and alternative energies, in a true holistic initiative to Identify and Pioneer the Ultimate Sustainable Future of Mobility.

Group Initiatives tailored around artificial intelligence, intelligent infrastructure, applied materials, safety and state-of-the-art modular platform technology.

The Group consists of notable investors such as Li Ka-Shing, a Hong Kong business magnate, investor, and philanthropist; family of Edmund Ho, ex-Chief Executive of the Macau Special Administrative Region; Agile Property Holdings Limited (3383.HK), a Hong Kong mainboard listed land developer; and Shanghai Alliance Investment Limited (SAIL), an investment arm of the Shanghai government.

HONG KONG, March 17, 2020 — Apollo Automobil is pleased to announce a strategic partnership with WE Solutions Limited (860.HK) whereby WE Solutions will acquire a 86% stake in the European hyper-car manufacturer’s holding company.

In an extraordinary general meeting held on March 12, 2020, the shareholders of WE Solutions Limited approved the acquisition of 86% of the Apollo Group and the name change of WE Solutions Limited to Apollo Future Mobility Group.

The focus of the combined group will be looking beyond EV and alternative energies, in a true holistic initiative to identify and pioneer the ultimate sustainable future of mobility. The group’s concentration will be tailored around the pillars of artificial intelligence, intelligent infrastructure, applied materials, safety innovation and disrupting the mobility industry from a foundational perspective.

“The Apollo IE has been very well-received from enthusiasts across the globe and first customer deliveries commenced in late 2019. However, this is just the first chapter of what Apollo has planned for the future. Our focus is to identify and pioneer the ultimate sustainable future of mobility. In our relentless pursuit of excellence we have created the world’s first all-carbon fibre multi integrable & exchangeable platform proprietary technology for mass production. Simply stated, we aim to set a new standard for the automotive / mobility industry. The mainstream automobile chassis, reimagined. Our mission is to create a foundational revolution for the next generation of mobility. To regain focus and create a reduced essence to its purest form,” -Norman Choi, Apollo Chairman.

Apollo, well-known for the Apollo IE, their latest project which began from a blank sheet of paper in collaboration with the renowned German engineering firm, HWA AG. The Intensa Emozione is Apollo’s statement car and features the world’s first all carbon-fiber production chassis with innovative safety solutions. The IE showcases Apollo’s platform technology which has been developed to disrupt the mobility industry from a foundational perspective and is completely scalable for mass applications regardless of the powertrain that is utilized. By focusing on the foundation to reduce weight our implementation of advanced materials in our platform helps achieve the highest level of safety and the ability to create a tighter vehicle packaging which further aids the design capabilities and aerodynamic efficiency.

WE Solutions Limited consists of notable investors such as Li Ka-Shing, a Hong Kong business magnate, investor, and philanthropist; family of Edmund Ho, ex-Chief Executive of the Macau Special Administrative Region; Agile Property Holdings Limited (3383.HK), a Hong Kong mainboard listed land developer; and Shanghai Alliance Investment Limited (SAIL), an investment arm of the Shanghai government.

“We Solutions is a strategically positioned organization with a wide array of services, technologies and processes that we offer to our clients and partners focused around the automotive / mobility segment. With the completion of the Apollo acquisition, we can now offer full-service turnkey solutions and processes for our clients from ideation, modeling, engineering, manufacturing and design. We have strategically positioned ourselves over the past years to be a true leader in the future of mobility in multiple disciplines for generations to come.” -Eric Ho, WE Solutions Chairman.

Ends

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Email: media@apollo-automobil.com

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About Apollo Automobil:

Tracing our roots back to 2004, we are a group of pure car enthusiasts, some of us engineers, some artisans, designers and mechanics. We came together because of something that we share – the passion for automotive art, the longing for the connection between driver and car and the desire to provide a bespoke and emotional driving experience.

Over the last decades of automotive history, car manufacturers have gone to great lengths in applying technological advancements to improve both the performance and comfort of cars. However, somewhere along the way something was left behind.

All the automation that is meant to make the driver’s job “easier” has taken something fundamental away. Something that made up the roots that created the passion, drive and automotive culture and history that we have all learned to love. That pure, raw, emotional connection that binds driver and car.

Just like the Greek God Apollo, we see ourselves as a beacon of light in today’s market. We are here to take you on a ride that is filled with nostalgia and sensory overload without sacrificing performance or speed and still pushing forward with a modern, intensively striking design language that symbolizes the brand. We are here to fill that void separating car and driver. We are here to bring you home to be at one with the car.

Visit us: apollo-automobil.com

About We Solutions Limited (860.HK):

We Solutions Limited is a Hong Kong listed company (Stock code: 0860) with multinational assets focusing on revolutionising the automotive / mobility industry from the foundation upwards. We feature a world-class team with extensive human capital and proprietary intellectual property. With a proven track-record, we have successfully executed high profile projects and applications globally. Going forward, we have strategically positioned ourselves to be a leader in the future of mobility in multiple disciplines for generations to come. Page of 3 3