China Zhengtong Auto Services Hldg : ANNOUNCEMENT PURSUANT TO RULE 13.18 OF THE LISTING RULES

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國正通汽車服務控股有限公司

(Incorporated in the Cayman Islands with limited liability)

This announcement is made by the board of directors (the "Board") of China ZhengTong Auto Services Holdings Limited (the "Company") pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

On 12 January 2017, the Company (as borrower) and two of its Hong Kong incorporated subsidiaries (as guarantors) entered into a facility agreement (the "Facility Agreement") with (among other parties) fifteen financial institutions (as lenders) (collectively, the "Lenders") for a syndicated term loan facility for an initial aggregate amount of US$409 million (with a green shoe option of an amount up to US$600 million (inclusive of the said initial amount)).

The final repayment date of the loan facility shall be the date falling 36 months after the first utilization date. The purpose of the loan facility is primarily to refinance the existing indebtedness and for the corporate funding requirement of the Company and its subsidiaries.

Under the Facility Agreement, if Mr. Wang Muqing (王木清先生, "Mr. Wang", the Company's controlling shareholder), his close relatives or any trust of which Mr. Wang and his close relatives are beneficiaries ceasing to own beneficially (whether directly or indirectly) no less than 50% of the total issued share capital of the Company, the majority Lenders may require to cancel the total commitments under the Facility Agreement, and all the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable.

As at the date of this announcement, Mr. Wang and his family members are the discretionary beneficiaries of the Grand Glory Trust, which Trust indirectly owns approximately 62.10% of the issued share capital of the Company.

By order of the Board

中國正通汽車服務控股有限公司

Chairman

Hong Kong, 18 January 2017

As at the date of this announcement, the Board comprises Mr. WANG Muqing (Chairman), Mr. WANG Kunpeng, Mr. LI Zhubo, Mr. WAN To, Mr. LI Yi and Mr. SHAO Yong Jun as executive Directors; and Dr. WONG Tin Yau, Kelvin, Dr. CAO Tong and Ms. WONG Tan Tan as independent non-executive Directors.