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Brilliance China Automotive Buys 2 Two Auto Parts Companies

18 May 1998

Brilliance China Automotive Holdings Limited Announces Completion of Purchase of Interests in Two Automobile Components Companies

   HONG KONG, May 18 -- Brilliance China Automotive Holdings
Limited (the "Company") today announced that it has completed its
purchases of a 50% equity interest in Mianyang Xinchen Engine Company Limited
("Mianyang"), a Sino-foreign equity joint venture engaged in the production of
gasoline engines, and a 51% equity interest in Ningbo Yuming Machinery
Industrial Company Limited ("Ningbo," and, together with Mianyang, the
"Components Subsidiaries") a wholly foreign owned Chinese enterprise primarily
engaged in the production of automobile windows and window molding and
stripping.
    The interests in the Components Subsidiaries were acquired by purchasing
from Kings Whale Holdings Limited, a British Virgin Islands company,
100% share interests in each of the two British Virgin Islands holding
companies that own the above-mentioned equity interests in the Components
Subsidiaries.  The aggregate purchase price for these interests was Renminbi
408 million (approximately US$49.15 million).
    The Company, incorporated in Bermuda, was established in 1992 to own a
51% interest in Shenyang JinBei Passenger Vehicle Manufacturing Company, Ltd.
("Shenyang Automotive"), a Sino-foreign joint venture enterprise established
in 1991.  Shenyang Automotive, located in Shenyang, the capital of Liaoning
Province and the commercial center of Northeast China, is the leading
manufacturer and distributor of minibuses in the People's Republic of China,
and is currently the largest customer of both Mianyang and Ningbo, purchasing
their components to use in its manufacture of minibuses.  The Company was the
first with operations solely in China to list directly on the New York Stock
Exchange.