General Overview

Brilliance China is one of the leading automotive manufacturers in China through its subsidiaries, associated companies and joint ventures in the PRC. During 2009, the Group disposed of its loss-making Zhonghua sedan business. Starting from January 2010, the Group's operating segments are divided primarily into the manufacture and sale of minibuses and automotive components. Its commercial vehicle brands include "JinBei" and "Granse" minibuses. In 2003, the Group established a joint venture with BMW to produce BMW 3-series and 5-series sedans in China. The Group is also engaged in the manufacture of gasoline engines for use in minibuses, sedans, SUV and light trucks and automotive components, including but not limited to window moldings, strips, axles, stamped parts, etc.

The Group sold 78,968 minibuses and 119,138 "Zhonghua" sedans in 2009, the Group's joint venture with BMW also sold 44,888 BMW sedans in 2009.

To further support its goal as the leading automotive manufacturers in the PRC, the Group has also established strategic partnerships or working relationships with leading global automotive companies, such as Toyota, Mitsubishi, FEV Motorentechnik Gmbh.

In 2009, the Group achieved revenue from continuing operations (which represent primarily those derived from the minibus business) and discontinued operation (which represent those derived from the Zhonghua business) of approximately RMB6.149 billion and 6.241 billion, respectively.