For Our Hong Kong Viewers : Grand Opening of YongDa FAW-Volkswagen 4S Shop in Qingpu

HONG KONG, Dec. 31, 2013; China Yongda Automobiles Services Holdings Limited ("Yongda Auto" or the "Company" and, together with its subsidiaries, the "Group") (Stock code: 03669.HK), a leading passenger vehicle retailer and comprehensive service provider in China announces that its another FAW-Volkswagen 4S shop --Yongda FAW-Volkswagen Qingpu 4S shop has grandly opened on December 30, 2013.

Yongda's FAW-Volkswagen 4S shop is located in an ideal place in eastern Qingpu district at No. 9568, Beiqing highway (near Qingsong highway), contiguous to G1501. The company mainly sells all series of CC, magotan, Bora, sagitar, Jetta, and golf, which belong to FAW-Volkswagen, and provides comprehensive services including insurance, licensing and auto financing. The 4S shop of FAW-Volkswagen in Qingpu will keep Yongda's service concept of "demand driven, brand guide, perfect service" and complete the mission of "realize wonderful auto life", which will bring the noble experience to the owners of FAW-Volkswagen.

As a leading professional passenger vehicle retailer in China, Yongda Auto has a wide dealership network across the country, and has strong luxury car brand portfolio, including Bentley, Porsche, BMW, Jaguar Land Rover, Infiniti, Audi, Volvo, Cadillac and Lincoln. The company also has middle- to high-end auto brands, including General Buick, General Chevrolet, FAW-Volkswagen, Shanghai-Volkswagen and so on. The company's network has a strong presence in East China. It has obtained manufacturers' authorizations to open and operate a total of 130 outlets and is actively expanding to other areas. With the official opening and operating of several new 4S shops in 2013, more than a hundred stores under Yongda Auto will show great advantage from huge market space, promoting the overall profit growth of the company.

About China Yongda Automobiles Services Holdings Limited

Yongda Auto is a leading passenger vehicle retailer and comprehensive service provider in China focused on luxury and ultra-luxury brands. Yongda Auto has a strong brand portfolio of luxury and ultra-luxury brands including Bentley, Porsche, BMW, Jaguar Land Rover, Infiniti, Audi, Volvo, Cadillac and Lincoln. It has obtained manufacturers' authorizations to open and operate a total of 130 outlets. Its network has a strong presence in East China, including Shanghai, and has expanded into other regions in China. In addition to new passenger vehicle sales business, Yongda Auto also provides customers with a comprehensive range of automobile-related services through its "one-stop shop" approach. These include after-sales services, automobile rental services, as well as a wide array of services that it offers in connection with pre-owned vehicles, automobile insurance products, vehicle inspection and automobile financing and leasing.