Li Auto announces Put Right notification for convertible senior notes

Li Auto is notifying holders of its 0.25% Convertible Senior Notes due 2028 that pursuant to the Indenture dated as of April 12, 2021 relating to the Notes by and between the Company and Deutsche Bank Trust Company Americas, as trustee and paying agent, each holder has the right, at the option of such holder, to require the Company to purchase all of such holder’s Notes or any portion of the principal thereof that is equal to US$1,000 principal amount for cash on May 1, 2024. The Put Right expires at 5:00 p.m., New York City time, on Monday, April 29, 2024. As required by rules of the United States Securities and Exchange Commission, the Company will file a Tender Offer Statement on Schedule TO today. In addition, documents specifying the terms, conditions, and procedures for exercising the Put Right will be available through the Depository Trust Company and the paying agent, which is Deutsche Bank Trust Company Americas. None of the Company, its board of directors, or its executive management has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the Put Right.