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CHANGFENG AXLE (CHINA) COMPANY LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1039) DELAY IN DESPATCH OF CIRCULAR DISCLOSEABLE AND CONNECTED TRANSACTIONS

Reference is made to the announcement issued by Changfeng Axle (China) Company Limited (the "Company") dated 27 December 2013 (the "Announcement") in relation to the discloseable and connected transactions. Unless otherwise stated herein, capitalised terms used herein shall have the same meanings as those defined in the Announcement.
As additional time was required for the preparation for the valuation report on the Equipments and the Turning Centers to be included in the Circular, the Company expects that the date of despatch of the Circular will be postponed to a date falling on or before 7 February 2014.
By Order of the Board

Changfeng Axle (China) Company Limited Mr. Wong Kwai Mo

Chairman

Hong Kong, 20 January 2014

As at the date of this announcement, the executive Directors are Mr. Wong Kwai Mo, Ms. Wu Ching and Mr. Lai Fengcai; the non-executive Director is Ms. Dong Ying, Dorothy; and the independent non- executive Directors are Mr. Zhu Weizhou, Dr. Li Xiuqing and Mr. Chong Ching Hei.

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