About BRILLIANCE CHI Company

With its subsidiaries, joint ventures and joint ventures located in China, Brilliance China is one of the leading automobile manufacturers in China. In 2009, the Group sold the loss-making Zhonghua car business. Since January 2010, the Group's business segments have been mainly divided into the manufacture and sale of light buses and auto parts. Its commercial vehicle brands include “Golden Cup” and “Grays” light buses and “Huasong” luxury utility vehicles. In 2003, the Group established a joint venture with BMW Brilliance Automobile Co., Ltd. (“BMW Brilliance”) to manufacture BMW 3 Series and 5 Series sedans in China. BMW Brilliance also began manufacturing and selling BMW sports utility vehicles (SUVs) in China in early 2012, and launched its first new energy vehicle, the Nuo 1E, in China in November 2013. At the end of 2014, the BMW joint venture launched the first local BMW NEV 5 Series plug-in hybrid sedan in China. The new X3 sports utility vehicle (SAV) is another new model for BMW, and is Brilliance BMW's sixth domestic model. It is scheduled to be launched at the end of 2018. In January 2018, Renault SAS officially became a shareholder and joint venture partner of Brilliance Renault Jinbei Automobile Co., Ltd. (“Brilliance Renault”, formerly known as Shenyang Huachen Jinbei Automobile Co., Ltd.), the company's main operating subsidiary in mainland China. Currently, Brilliance Renault holds 51% and 49% respectively by the Group and Renault. Brilliance Renault plans to manufacture and sell LCV products through the brands Jinbei, Renault and Huasong. Brilliance Renault's primary goal is to try to activate the Gold Cup brand and then manufacture the Renault LCV in China by 2020. In April 2015, Brilliance East Asia Auto Finance Co., Ltd. (“Huachen East Asia Auto Finance”), an auto finance joint venture established by the Company with the Bank of East Asia and CaiXaBank, S.A. in China, received final approval to conduct business in China. Brilliance East Asia Auto Finance is a multi-brand service provider. Brilliance East Asia Auto Finance initially focused on supporting the sales of the Group's light buses, MPVs, and passenger products of Brilliance, a major shareholder. In December 2016, Brilliance East Asia Auto Finance established a white label financial services partnership with Jaguar Land Rover in China to expand its business. Currently, the Company indirectly holds 31.20% of the equity interest in Xinchen China Dynamics Holdings Limited (“Xinchen Dynamics”, a company listed on the main board of the Hong Kong Stock Exchange Limited). Xinchen Dynamics develops, produces and sells light gasoline and diesel engines, and its products have been adopted by many domestic and foreign passenger car and light commercial vehicle manufacturers. In 2017, BMW Brilliance sold 386,549 BMW cars, while the Group sold 61,028 light buses and utility vehicles. In 2017, the Group recorded revenue (mainly from the light bus business) of about RMB 5.34.7 million, while the contribution of the BMW Joint Venture to the Group's net profit was approximately RMB 5,237.7 million.