CIMC TianDa : COMPLETION OF THE MAJOR AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF 60% EQUITY INTEREST IN ALBERT ZIEGLER GMBH

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CIMC-TianDa Holdings Company Limited

中集天達控股有限公司

(Incorporated in the Cayman Islands with limited liability) (Stock code: 445)

COMPLETION OF THE MAJOR AND CONNECTED TRANSACTION

IN RELATION TO THE ACQUISITION OF

60% EQUITY INTEREST IN ALBERT ZIEGLER GMBH

References are made to the announcements dated 26 September 2019 and 11 December 2019 of CIMC-TianDa Holdings Company Limited (the "Company") and the circular (the "Circular") dated 19 November 2019 of the Company in respect of, among other matters, the acquisition of 60% equity interest in Albert Ziegler GmbH (the "Acquisition"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Circular.

COMPLETION OF THE ACQUISITION

The Board is pleased to announce that all the conditions precedent in respect of the Acquisition as set out in the Sale and Purchase Agreement have been satisfied and Completion took place on 23 December 2019. Upon Completion, Ziegler has become a wholly-owned subsidiary of the Company and the financial information of the Ziegler Group will be consolidated into the consolidated financial statements of the Group.

CONSIDERATION PAYABLE AFTER COMPLETION

Pursuant to the terms and conditions of the Sale and Purchase Agreement, the Consideration in the amount of EUR31,470,000 (equivalent to approximately RMB245,346,000) shall be payable by the Purchaser to the Vendor or its nominee by way of cash (or other kind of consideration as may be agreed by the Purchaser and the Vendor) within one year from the Completion Date. In the event that the Consideration is to be satisfied by the Purchaser, whether wholly or partly, by way of other kind of consideration, for example by way of the issue of promissory note(s), further announcement will be made by the Company in compliance with the Listing Rules as and when appropriate. As at the date of this announcement, no negotiation in respect of the payment of Consideration other than by way of cash has been made between the parties.

By order of the Board

CIMC-TianDa Holdings Company Limited

Li Ching Wah

Company Secretary

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Hong Kong, 23 December 2019

Unless otherwise stated, the exchange rate of EUR1.00 to RMB7.7962 is used in this announcement for illustration purpose only. No representation is made that any amounts in EUR or RMB could be converted at such rates or any other rates.

As at the date of this announcement, the Company's Directors are as follows:

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