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(a Sino-foreign joint venture joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1122) CONTINUING CONNECTED TRANSACTIONS FURTHER DELAY IN DESPATCH OF CIRCULAR
Reference is made to the announcement of Qingling Motors Co. Ltd (the "Company") dated
17 December 2013 in relation to continuing connected transactions of the Company (the "Announcement") and the announcement of the Company dated 10 January 2014 in relation to, amongst other things, the delay in despatch of the circular for non-exempt continuing connected transactions of the Company (the "Delay Announcement"). Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as defined in the Announcement and the Delay Announcement.
As disclosed in the Delay Announcement, the Company expected to despatch the Circular containing, amongst other things, information relating to the Non-exempt Continuing Connected Transactions and the respective annual caps, a letter of advice from the Independent Financial Adviser, the recommendation of the Independent Board Committee, and a notice of the EGM, to the Shareholders on or before 24 January 2014.
As additional time is required to prepare and finalise certain information to be included in the Circular, the Company expects that the date of despatch of the Circular will be further postponed to a date falling on or before 20 February 2014.
By Order of the Board Qingling Motors Co. Ltd WU Nianqing
Company Secretary
Chongqing, the PRC, 24 January 2014
As at the date of this announcement, the Board comprises 11 Directors, of which Mr. DU Weidong, Mr. Naotoshi TSUTSUMI, Mr. GAO Jianmin, Mr. Makoto TANAKA, Mr. Ryozo TSUKIOKA, Mr. PAN Yong and Mr. ZENG Jianjiang are executive Directors and Mr. LONG Tao, Mr. SONG Xiaojiang, Mr. XU Bingjin and Mr. LIU Tianni are independent non-executive Directors.
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