Shanghai Auto: Official Launch of Overall Listing

On May 13, Shanghai Automotive (600104) issued an announcement saying that on May 11, 2011, the company convened the 29th meeting of the 4th Board of Directors. The meeting reviewed and passed a series of motions related to the purchase of assets by Shanghai Auto. The transaction price reached 29.119 billion yuan. This marks the official launch of Shanghai Automotive's overall listing.

The Shanghai Auto announced that the participating directors had passed the "Proposal on the Company's Issuance of Shares to Purchase Assets and Related Transactions". Shanghai Automotive Group Co., Ltd. intends to purchase its own parts and components business, service trade business, and new energy auto business related to SAIC Motor and Shanghai Automotive Industry Co., Ltd. (abbreviation: Industrial) for a non-public offering. Equity and other assets.

The details include: 60.10% of the shares of Huayu Automotive (600741) Systems Co., Ltd. held by SAIC, 75% of Donghua Automobile Industry Co., Ltd., 35% of Nanjing Nanchang Mould Equipment Co., Ltd., Shanghai Pengpu Machinery Factory 20% of the company's shares, 100% of Anji Automobile Logistics Co., Ltd., 90% of Shanghai Automotive Group (Beijing) Co., Ltd., 100% of Shanghai Automotive Industry Sales Co., Ltd., Shanghai International Auto Parts & Components Purchase Center Co., Ltd. 80% equity, 100% equity of China Automotive Industry Investment & Development Co., Ltd., 100% equity of Shanghai Automotive Import & Export Co., Ltd., 100% equity of Shanghai Automotive Industry Hong Kong Co., Ltd., 100% equity of SAIC North America Co., Ltd., Shanghai Automotive Assets 90% of the shares of Management Co., Ltd., 34.19% of shares of Xinyuan Power Co., Ltd., 100% of Shanghai Automotive Information Industry Investment Co., Ltd., 100% of Shanghai Automotive Venture Capital Co., Ltd., and Shanghai Shangyuan Investment Management Co., Ltd. 100 % of equity and 6.01% of GM Korea

Industrial Limited holds 100% equity of Shanghai Automotive Industry Activity Center Co., Ltd., 10% of Shanghai Auto Asset Management Co., Ltd., 10% of Shanghai Automotive Group (Beijing) Co., Ltd., and 100% of Shanghai Auto Newspaper Co., Ltd. ;

SAIC holds a total of 664,200 square meters of land use rights for production and management land, as well as trademark rights and patent rights and patent application rights owned by SAIC.

SAIC Group has a total construction area of ​​59,100 square meters of production and office buildings and structures and related auxiliary equipment;

Industrial Limited holds 368,079,979 shares of China Merchants Bank (600036) Co., Ltd. and other assets and liabilities that are limited to SAIC and Industrial.

According to the “assessment report” issued by Shanghai Dongzhou Assets Appraisal Co., Ltd. (Hudong Dongqu Evaluation Word No. DZ110130014 and Hudong Chau Evaluation Word No. DZ110131014), the assessed value of the underlying assets totals 29,118. 756,830.05 yuan, the transaction price was 29,118,756,830.05 yuan.

The announcement shows that the issue price is 16.53 yuan per share. According to the transaction price of the underlying asset and the issuance price of this offering, in this transaction, the number of shares issued by the company to the SAIC Group was 1,431,207,595 shares, and the limited number of shares issued by the company to the industry was 330,362. 692 shares.