BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code: 1114)
DESPATCH OF CIRCULAR IN RELATION TO
(1) CONNECTED TRANSACTION - SUBSCRIPTION OF SHARES BY A CONNECTED PERSON;
(2) WHITEWASH WAIVER; AND
(3) NOTICE OF SGM
AND
GRANT OF OPTIONS TO CERTAIN DIRECTORS
UNDER THE SHARE OPTION SCHEME OF THE COMPANY
HONG KONG, Dec. 23 /PRNewswire-Asia/ --
Despatch of Circular
The Circular will be despatched by the Company to the Shareholders on 23rd December, 2008.
Grant of Options
On 22nd December, 2008, the Board granted Options to, among others, Mr. Wu Xiao An (also known as Mr. Ng Siu On), Mr. Qi Yumin and Mr. He Guohua, all of whom are executive Directors and also directors of Huachen; Mr. Wang Shiping, an executive Director and a Vice President of Huachen and Mr. Lei Xiaoyang, a non-executive Director and the Deputy Chief Economist and the General Manager of the Department of Assets Operation of Huachen, to subscribe for a total of 28,000,000 Shares at the exercise price of HK$0.438 for the period from 22nd December, 2008 to 21st December, 2018.
Reference is made to the announcement (the "Announcement") made by the Company dated 2nd December, 2008 in relation to, among other things, the Subscription and the Whitewash Waiver. Unless the context requires otherwise, terms used herein shall have the same meanings as in the Announcement.
Despatch of Circular
The circular (the "Circular") containing, among other things; (i) details of the Subscription and the Whitewash Waiver; (ii) the advice and recommendation of the Independent Board Committee; (iii) the letter from the Independent Financial Adviser; and (iv) a notice of SGM, will be dispatched to Shareholders on 23rd December, 2008. The SGM will be held at Room Tian & Di, 7th Floor, The Landmark Mandarin Oriental, 15 Queen's Road Central, The Landmark, Central, Hong Kong on Tuesday, 13th January, 2009 at 9:00 a.m., details of which are set out in the notice of the SGM in the Circular.
Grant of Options
On 22nd December, 2008, the Board granted options (the "Options") to subscribe for Shares to, among others, Mr. Wu Xiao An (also known as Mr. Ng Siu On), Mr. Qi Yumin and Mr. He Guohua, all of whom are executive Directors and also directors of Huachen; Mr. Wang Shiping, an executive Director and a Vice President of Huachen and Mr. Lei Xiaoyang, a non-executive Director and the Deputy Chief Economist and the General Manager of the Department of Assets Operation of Huachen pursuant to the share option scheme of the Company adopted by the Shareholders on 11th November, 2008, to subscribe for a total of 28,000,000 Shares at the exercise price of HK$0.438 for the period from 22nd December, 2008 to 21st December, 2018.
As at the date of this announcement, the Board comprises four executive Directors, Mr. Wu Xiao An (also known as Mr. Ng Siu On) (Chairman), Mr. Qi Yumin (Chief Executive Officer), Mr. He Guohua and Mr. Wang Shiping; one non-executive Director, Mr. Lei Xiaoyang; and three independent non-executive Directors, Mr. Xu Bingjin, Mr. Song Jian and Mr. Jiang Bo.
By order of the Board
Brilliance China Automotive Holdings Limited
Wu Xiao An (also known as Ng Siu On)
Chairman
Hong Kong, 22nd December, 2008
The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than information relating to Huachen) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statements in this announcement misleading.
The directors of Huachen jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than information relating to the Group) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statements in this announcement misleading.
The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the content of this announcement.
