Ivanhoe Capital Acquisition Corp. – US$480 Million Business Combination By Means Of De-Registration - Closed On 3 February 2022

Acted as Cayman Islands legal counsel to Ivanhoe Capital Acquisition Corp. ("Ivanhoe"), a publicly traded special purpose acquisition company incorporated in the Cayman Islands and listed on the New York Stock Exchange, in relation to its business combination with SES Holdings Pte. Ltd. (SES) ("Business Combination"). Ivanhoe was formed to seek a target in industries related to the paradigm shift away from fossil fuels towards the electrification of industry and society. SES is a global leader in development and initial production of high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. The Business Combination was effected by means of de-registration in the Cayman Islands and be registered by way of continuation as a Delaware corporation. Upon the closing of the Business Combination, the combined company is SES AI Corporation. It has resulted in more than $480 million of cash (less fees and expenses) on the balance sheet of the combined company. The Maples team was comprised of partner Everton Robertson and associate Jessica Zhan. Morgan Stanley & Co. LLC served as financial advisor to Ivanhoe and Kirkland & Ellis LLP served as its US legal advisor. Goldman Sachs & Co. LLC served as financial advisor to SES and White & Case LLP served as its US legal advisor.