General Overview

Brilliance China is one of the leading automotive manufacturers in China through its subsidiaries, associated companies and joint ventures in the PRC. The Group's operating segments are divided primarily into the manufacture and sale of (i) minibuses and automotive components, and (ii) sedans. Its commercial vehicle brands include "JinBei" and "Granse" minibuses and its sedan brand includes "Zhonghua". In 2003, the Group also 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 73,863 minibuses and 91,356 "Zhonghua" sedans in 2008, the Group's joint venture with BMW also sold 35,068 BMW sedans in 2008.

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, Porshe, Pininfarina S.p.A..and Italdesign S.p.A.

With approximately 12,250 employees, the Group achieved revenue of approximately RMB11.2 billion for the year ended 31st December, 2008.