Business Combination of SES and Ivanhoe Capital Acquisition Corp. Expected to be Approved by Shareholders

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Jan 31, 2022

SES Holdings Pte. Ltd. (SES), a global leader in the development and production of high-performance hybrid lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, announced today that it expects to close its previously announced business combination with Ivanhoe Capital Acquisition Corp. (NYSE: IVAN) (“Ivanhoe”), a publicly traded special purpose acquisition company. The closing of the business combination will follow an Extraordinary General Meeting of Ivanhoe shareholders to be held on February 1, 2022. Proxies received to date indicate shareholder support for all proposals to be voted on at the Extraordinary General Meeting.