China ZhengTong Auto Services : VOLUNTARY ANNOUNCEMENT MATURITY AND REPAYMENT OF 12.0% SENIOR NOTES DUE 2022

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China ZhengTong Auto Services Holdings Limited

中 國 正 通 汽 車 服 務 控 股 有 限 公 司

(Incorporated under the laws of the Cayman Islands with limited liability)

(Stock Code: 1728)

US DOLLAR-DENOMINATED SENIOR NOTES DUE 2022

(Stock Code: 40132)

VOLUNTARY ANNOUNCEMENT

MATURITY AND REPAYMENT OF 12.0% SENIOR NOTES DUE 2022

This announcement is made by China ZhengTong Auto Services Holdings Limited (the ''Company'') on a voluntary basis.

Reference is made to (i) the announcements of the Company dated 16 January 2020, 21 January 2020 and 14 February 2020 in relation to the issue of an aggregate principal amount of US$173,000,000 senior notes (the ''Notes'') due 2022, (ii) the announcements of the Company in relation to disposal of shares by the then controlling shareholder of the Company dated 31 July 2020, 20 October 2020, 31 July 2021 and 31 August 2021, (iii) the announcement of the Company dated 30 September 2021 in relation to the commencement of an offer (the ''Offer'') made by the Company to purchase for cash any and all of the outstanding Notes and (iv) the announcement of the Company dated 29 November 2021 (the ''November 2021 Announcement'') regarding the successful completion and results of the Offer.

As announced in the November 2021 Announcement, after the purchase and settlement of all the Notes validly tendered in the Offer, Notes (the ''Remaining Notes'') in an aggregate principal amount of US$10,600,000 remained outstanding thereafter subject to the terms of the indenture governing the Notes.

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The Remaining Notes matured on 21 January 2022 (the ''Maturity Date''). The board of directors of the Company is pleased to announce that the Company has repaid in full the principal amount of the Remaining Notes, together with accrued interest thereon, as at the Maturity Date.

By order of the Board

China ZhengTong Auto Services Holdings Limited

WANG Mingcheng

Chairman

Hong Kong, 24 January 2022

As at the date of this announcement, the Board comprises Mr. WANG Mingcheng (Chairman), Mr. Li Zhihuang and Mr. ZENG Tingyi as executive Directors; and Dr. WONG Tin Yau, Kelvin, Dr. CAO Tong and Ms. WONG Tan Tan as independent non-executive Directors.

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