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Brilliance China Announces Results of Annual General Meeting

21 June 1999

Brilliance China Automotive Holdings Limited Announces Results of Annual General Meeting

    HONG KONG, June 21 -- Brilliance China Automotive Holdings
Limited (the "Company") today announced the results of its Annual
General Meeting of Shareholders (the "AGM"), which was held today at the Grand
Hyatt Hong Kong.
    Foremost among the matters addressed at the AGM was the adoption of the
shareholders' resolution approving the issuance of 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 record date for this bonus share issuance
will be June 29, 1999, and the bonus share certificates will be mailed to
record date holders on or before 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 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.