Autohome Inc. announces pricing of global offering

Autohome Inc. (NYSE: ATHM) (the "Company"), the leading online destination for automobile consumers in China, today announced the pricing of the global offering of 30,291,200 shares (the "Offer Shares") which comprises an international offering and a Hong Kong public offering.

The final offer prices for both the international offering and the Hong Kong public offering (the "Offer Price") has been set at HK$176.30 per share. The Offer Price translates to approximately US$91 per American depositary share ("ADS") (based on an exchange rate of HK$7.7642 to US$1.00), each representing four shares of the Company. The Company has set the Offer Price by taking into consideration, among other factors, the closing price of the ADSs on the NYSE on March 8, 2021 (the latest trading day before the Price Determination Date). Subject to approval from the Hong Kong Stock Exchange, the Offer Shares are expected to begin trading on the Main Board of the SEHK on March 15, 2021 under the stock code "2518".

In connection with the Global Offering, the Company has granted the international underwriters an over-allotment option, exercisable at any time from the Listing Date to Thursday, April 8, 2021, being the 30th day after the last day for lodging applications under the Hong Kong public offering, to require the Company to allot and issue up to 4,544,000 additional shares. The gross proceeds to the Company from the Global Offering, before deducting underwriting fees and the offering expenses, are expected to be approximately HK$3,560 million if the over-allotment option is not exercised or approximately HK$4,361 billion if the over-allotment option is exercised in full.

The Company plans to use the net proceeds from the Offering for the following purposes: approximately 30% for investing in its technology and product development; approximately 30% for incubating new business; approximately 30% for enhancing its domestic and overseas presence and developing an automotive ecosystem; and approximately 10% for general corporate purposes.

China International Capital Corporation Hong Kong Securities Limited, Goldman Sachs (Asia) L.L.C. and Credit Suisse (Hong Kong) Limited are the Joint Sponsors, the Joint Representatives, the Joint Global Coordinators, the Joint Bookrunners and the Joint Lead Managers for the proposed Offering.

The price of the Offer Shares of the Company may be stabilized in accordance with the Securities and Futures (Price Stabilization) Rules. The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) have been contained in the prospectus of the Company dated 4 March 2021.

The International Offering is being made only by means of a preliminary prospectus supplement dated 2 March 2021 and the accompanying prospectus included in an automatic shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (the "SEC") on 2 March 2021, which automatically became effective upon filing. A final prospectus supplement and accompanying prospectus relating to and describing the terms of the Global Offering will be filed with the SEC and made available on the SEC's web site at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the Offering may also be obtained, when available, by contacting China International Capital Corporation Hong Kong Securities Limited, Email: IB_Cullinan@cicc.com.cn, Goldman Sachs (Asia) L.L.C., Email: Prospectus-NY@gs.com, or Credit Suisse (Hong Kong) Limited, Email: newyork.prospectus@credit-suisse.com.

This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. This press release does not constitute a prospectus (including as defined under the laws of Hong Kong) and potential investors should read the prospectus of the Company for detailed information about the Company and the proposed offering, before deciding whether or not to invest in the Company. This press release has not been reviewed or approved by the SEHK or the Securities and Futures Commission of Hong Kong.