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A leader in the global semi-trailer industry - CIMC Vehicles (Group) Co., Ltd. (“CIMC Vehicles” or the “Company”, together with its subsidiaries, the “Vehicles Group”, stock code: 1839). The Company’s H shares commence trading on the Main Board of The Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange”) at 9:30 a.m. on 11 July 2019 (Thursday) under the stock code: 1839.

The final Offer Price was determined at HK$6.38 per H Share. The net proceeds from the Global Offering to be received by the Company is estimated to be approximately HK$1,575.2 million (after deducting the underwriting commissions, the maximum amount of incentive fee and discretionary bonus, and estimated expenses paid or payable in relation to the Global Offering, and assuming that the Over-allotment Option is not exercised). The Offer Shares have been moderately over-subscribed. The Market capitalization of CIMC Vehicles will be approximately HK$11.26 billion(assuming that the Over-allotment Option is not exercised).

According to Frost & Sullivan, Vehicles Group had been the world’s largest semi-trailer manufacturer for five consecutive years since 2013, with a 10.3% market share in 2017 by sales volume of semi-trailers.

Mr. Li Guiping, Executive Director, Chief Executive Officer and President of CIMC Vehicles (Group) Co., Ltd., said, “We are very grateful for the support and attention from all our investors. Getting listed on the Hong Kong Stock Exchange is an important milestone in the Company’s development. Listing in Hong Kong not only allows the Company to enter into the international capital market but also provides sufficient funds for the long-term development of the Company to grasp future development opportunities in the industry. In the future, the Company will further enhance its core competitiveness and its competitive advantages. It will also strengthen its leading position in the global semi-trailer market, and to create the greatest value for the shareholders. ”