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Brilliance China Automotive Holdings Limited Announces Purchase

25 November 1998

Brilliance China Automotive Holdings Limited Announces Purchase of Interest in Whimsy Entertainment Co., Limited

    HONG KONG, Nov. 25 -- Brilliance China Automotive Holdings
Limited (the "Company") today announced that it has completed its
purchase of an approximately 33.69% interest in the issued share capital of
Whimsy Entertainment Co., Limited ("Whimsy"), a Bermuda limited liability
corporation engaged in operating and franchising indoor family entertainment
centers and in trading game equipment and merchandise primarily in Hong Kong
and China.  Whimsy is a publicly traded company on the Stock Exchange of Hong
Kong Limited (stock symbol: 1188).
    The shares in Whimsy were acquired by cash purchase from Wayton Industrial
Limited and Mainstay Associates Limited, both wholly owned by Mr. Kiu Chung
Kun and his spouse Ms. Kin Yu Wong.  The aggregate purchase price for this
33.69% interest in Whimsy was HK$28,868,750 (approximately US$3.7 million).
As a result of this share purchase, the Company is the largest shareholder in
Whimsy, and the Company views this transaction as an opportunity to
participate in the future growth of the Hong Kong market.
    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 northeastern China, is a leading
manufacturer and distributor of minibuses in the People's Republic of China.
In May 1998, the Company acquired an indirect interest in two component
suppliers: a 51% equity interest in Ningbo Yuming Machinery Industrial Co.,
Ltd., a wholly foreign-owned Chinese enterprise primarily engaged in the
production of automobile window molding and stripping; and a 50% equity
interest in Mianyang Xinchen Engine Co., Ltd., a Sino-foreign equity joint
venture manufacturer of gasoline engines for use in passenger vehicles and
light duty trucks.  The Company was the first with operations solely in China
to list directly on the New York Stock Exchange.