BAIC Motor : Notice of Listing of US$350,000,000 2.00 per cent. Guaranteed Notes due 2024 issued by BAIC Finance Investment Co., Ltd.

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States or any other jurisdiction, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Notes are being offered and sold only outside the United States in offshore transactions in compliance with Regulation S under the Securities Act. This announcement and the information contained herein are not for distribution, directly or indirectly, in or into the United States. No public offer of the securities referred to herein is being or will be made in the United States.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

BAIC FINANCE INVESTMENT CO., LTD.

(incorporated in the British Virgin Islands with limited liability)

US$350,000,000 2.00 PER CENT. GUARANTEED NOTES DUE 2024

(the "Notes", Stock Code: 40615)

UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY

BAIC MOTOR CORPORATION LIMITED* €̏ԯӛԓٰ΅Ϟࠢʮ̡

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1958)

Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers

DBS Bank Ltd. Bank of CommunicationsChina Everbright Bank

Hong Kong BranchJoint Bookrunners and Joint Lead Managers

China	China	China PA	Industrial Bank
CITIC Bank	International	Securities (Hong	Co., Ltd. Hong
International	Capital	Kong) Company	Kong Branch
Corporation	Limited
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CMBC Capital

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of and permission to deal in the Notes, as described in the offering circular dated 10 March 2021, by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) only. The listing of the Notes is expected to become effective on 17 March 2021.

Hong Kong, 16 March 2021

As at the date of this announcement, the board of directors of BAIC Finance Investment Co., Ltd. comprises Mr. Chen Hongliang and Mr. Li Deren; and the board of directors of BAIC Motor Corporation Limited comprises Mr. Jiang Deyi, as Chairman of the board of directors and non-executive Director; Mr. Liao Zhenbo, Mr. Chen Hongliang, Ms. Shang Yuanxian, Mr. Xie Wei, Mr. Qiu Yinfu, Mr. Hubertus Troska, Mr. Harald Emil Wilhelm, Mr. Jin Wei and Mr. Lei Hai, as non-executive directors; and Mr. Ge Songlin, Mr. Wong Lung Tak Patrick, Mr. Bao Robert Xiaochen, Mr. Zhao Fuquan and Mr. Liu Kaixiang, as independent non-executive directors.

* For identification purpose only

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