广汽集团私有化駿威获骏威股东通过

广汽集团私有化駿威获骏威股东通过

(2010年7月16日，香港) 中国领先的汽车制造商广州汽车集团股份有限公司（“广汽集团”）(香港联交所股票代码: 2238）和骏威汽车有限公司（“骏威”）（香港联交所股票代码: 0203）今日欣然宣布，于今日举行的法院会议及骏威股东特别大会上股东通过广汽集团就协议安排方式私有化骏威 (“私有化”)的决议。协议安排于法院会议上获占98.95%的骏威股份投票赞成, 同时于骏威股东特别大会上获99.46%的支持。

广汽集团董事长张房有说：“广汽私有化骏威获得股东的鼎力支持， 我们感到非常高兴。这个投票结果显示, 骏威股东对广汽集团负责任的态度和极富吸引力的投资价值的认可，也表明其对广汽集团的竞争优势及发展前景充满信心。”

骏威私有化需待高等法院的裁决，并履行相关程序，方告落实。法院聆讯预期于2010年8月24日进行。待协议安排生效后，骏威于香港联合交易所的上市地位预期于2010年8月25日收市后撤销。而广汽集团H股预期将于2010年8月30日开始在香港联合交易所挂牌买卖。

- 完 -

关于广汽集团

广州汽车集团股份有限公司（“广汽集团”） (香港联交所股票代码: 2238）成立于1997年6月(2005年6月28日整体变更为股份公司)，是一个多品牌的汽车制造商，与本田、丰田、日野、菲亚特和三菱等世界上著名的汽车制造商拥有良好的合作关系，所生产的多元化产品组合在中国受到广泛认可。广汽集团的中高级轿车产销量于2007年至2009年在中国中高级轿车市场位列第一。除了乘用车外，广汽集团还生产商用车、发动机和汽车零部件，并涵盖售后服务、物流和汽车保险经纪、汽车信贷等汽车相关服务。截至2009年12月31日，广汽集团及其联营公司的年生产能力为乘用车890,000辆、商用车19,000辆、底盘2,500辆、发动机530,000台和变速器200,000台。

关于骏威

骏威汽车有限公司（“骏威”）（香港联交所上市股份代号 0203）于1992年在香港注册成立，并于1993年在香港联交所主板上市。骏威是一家投资控股公司。骏威及其子公司、共同控制实体及联营公司主要在中国从事汽车制造、装配以及汽车设备和零部件的制造和贸易等综合性业务。其中，骏威通过其全资子公司间接拥有广汽本田（一家共同控制实体，其另一股东为本田）50%的股权。

媒体问询请联系：

广汽集团公关顾问

骏威公关顾问

富迪讯亚洲有限公司

卢颖贤 / 陈宜宁 / 梁善琪

电话: 3716 9805 / 9878 / 9806

手机: 9780 3978 / 9633 5463 / 9327 3335

电邮: winnie.lo@fd.com / elaine.chan@fd.com / amy.leung@fd.com

智策企业推广顾问有限公司

萧嘉裕 / 梁家仪

电话: 2801 6198 / 2801 6239

手机: 9029 1865 / 9339 3206

电邮: sky@corporatelink.com.hk / phoebe@corporatelink.com.hk

GAC Receives Denway Shareholders’ Approval on Privatisation

(16 July 2010, HONG KONG) Guangzhou Automobile Group Co. Ltd. (“GAC”) (HKSE: 2238), one of China’s leading sedan makers, and Denway Motors Limited (“Denway”) (HKSE: 0203) are pleased to announce that the proposed privatization of Denway by way of a scheme of arrangement (“Scheme”) has been approved by Shareholders at the Court Meeting and Extraordinary General Meeting of Denway. The Scheme received 98.95% of Denway’s shares voted at the Court Meeting, whilst 99.46% of Denway’s shares voted at the Shareholders Meeting.

Chairman of GAC, Mr. Zhang Fangyou said, “We are delighted that the privatization of Denway has received such strong support from the shareholders. The voting result highlights the recognition of Denway’s shareholders towards our responsible attitudes and attractive investment values, as well as their full confidence towards our competitive strengths and prospects.””

The privatization of Denway is subject to the High Court’s sanction as well as the compliance with relevant procedures. The Court Hearing is expected to be held on 24 August 2010.

Upon the Scheme becoming effective, it is expected that Denway Shares will be withdrawn from the Hong Kong Stock Exchange on 25 August 2010, and GAC H Shares will commence trading on the Hong Kong Stock Exchange on 30 August 2010.

- Ends -

About GAC

Guangzhou Automobile Group Co. Ltd. (“GAC”) (HKSE: 2238) was established in June 1997 (integrally converted into a joint stock company on 28 June 2005). It is a multi-brand automaker, manufacturing a diverse portfolio of products that are widely recognized in the PRC with strong partnerships with some of the world’s most popular automakers, namely Honda, Toyota, Hino, Fiat and Mitsubishi. The Company ranks first in the PRC mid-to- high-end sedan market in terms of sales and production volume from 2007 to 2009.

In addition to passenger vehicles, GAC also manufactures commercial vehicles, engines, auto parts, and covers other automobile-related services including after-sales services, logistics services, auto insurance brokerage services and auto finance services. As of 31 December 2009, GAC together with its associated companies had an annual production capacity of 890,000 units of passenger vehicles, 19,000 units of commercial vehicles, 2,500 units of vehicle chassis, 530,000 units of engines and 200,000 units of transmissions.

About Denway

Denway Motors Limited (“Denway”) (HKSE: 0203) was incorporated in Hong Kong in 1992 and listed on the Main Board of the Hong Kong Stock Exchange in 1993. Denway is an investment holding company. Denway and its subsidiaries, jointly controlled entities and associates are principally engaged in an integrated range of activities relating to the manufacturing, assembly and trading of motor vehicles, the manufacturing and trading of automotive equipment and parts in the PRC. In particular, through a wholly-owned subsidiary, Denway indirectly owns a 50% equity interest in Guangqi Honda, a jointly controlled entity whose other shareholder is Honda.

For media enquiries, please contact:

GAC’s communication advisor

Financial Dynamics Asia Limited

Winnie Lo

Tel: +852 3716 9805

Email: winnie.lo@fd.com

Denway’s communication advisor

Corporate Link

Ka Yue Shiu

Tel: +852 2801 6198

Email: sky@corporatelink.com.hk

Elaine Chan