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Brilliance China Automotive Announces Possible Hong Kong Listing

31 August 1999

Brilliance China Automotive Holdings Limited Announces Possible Hong Kong Listing

    HONG KONG, Aug. 30 -- Brilliance China Automotive Holdings
Limited (the "Company") today announced that a special general
meeting of shareholders will be held in Hong Kong on Sept. 18, 1999 for the
primary purpose of seeking approval from its shareholders for a possible dual
primary listing of its shares on The Stock Exchange of Hong Kong Limited (the
"HKSE").  If such listing takes place, which will only occur if approved by
the HKSE listing committee and the shareholders and at the discretion of its
Board, the Company's shares will trade both on the New York Stock Exchange and
on the HKSE.  In addition, in the event of such dual primary listing, the
Company intends to implement a mechanism through its US and Hong Kong share
registrars whereby its shares may be traded between exchanges, thereby
allowing a shareholder to hold and trade his or her shares through either the
US or the Hong Kong share register.
    Other items to be voted on at the special general meeting that relate to
the possible Hong Kong listing include, among others, (i) a pro rata bonus
issuance of shares to all shareholders for the purposes of reducing the price
of such shares into a range that will make the shares more marketable in Hong
Kong in the event of a Hong Kong listing, (ii) elimination of the Company's
supervoting class of shares in the event of a Hong Kong listing, (iii)
adoption of new bye-laws to conform to HKSE listing rules in the event of a
Hong Kong listing and (iv) an increase in authorized share capital.
    Chairman Yang Rong stated that, "At this stage, we are considering a
listing of our shares in Hong Kong as a way of increasing shareholder value
for our existing shareholders while at the same time making our shares more
accessible to a whole new potential investor base in Hong Kong."
    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.