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Brilliance China Automotive Holdings Limited Announces Bonus Share Issuance

26 May 1999

Brilliance China Automotive Holdings Limited Announces Bonus Share Issuance

    HONG KONG, May 25 -- Brilliance China Automotive Holdings
Limited (the "Company") today announced that the board of
directors of the Company adopted a resolution on May 24, 1999 to issue a
special one-time dividend of one bonus share of the Company's common stock for
every two shares of common stock held by investors.  The distribution of bonus
shares is subject to the approval of the Company's shareholders at the annual
general meeting to be held in Hong Kong on June 21, 1999.  The record date for
this bonus share issuance, if approved by the shareholders, will be
June 29, 1999, and the bonus share certificates will be mailed on
July 12, 1999.
    Fractional shares arising from the bonus share issuance will be settled by
the Company in cash through its transfer agent based on the closing price of
the Company's shares on the New York Stock Exchange on the trading day
immediately preceding the record date.
    "The bonus share issuance is being made to reward our existing
shareholders for their continuing support," said Mr. Yang Rong, Chairman of
the Company.  "The larger issued share capital resulting from the bonus share
issuance will also improve the liquidity of our stock, which will benefit all
shareholders, existing and potential alike."
    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.
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.