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.

China Yongda Automobiles Services Holdings Limited

( 中國永達汽車服務控股有限公司 )

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03669) ANNOUNCEMENT IN RELATION TO THE ISSUE OF SUPER SHORT-TERM COMMERCIAL PAPERS IN THE PRC BY SHANGHAI YONGDA INVESTMENT HOLDINGS GROUP CO., LTD.*, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

This is a voluntary announcement made by China Yongda Automobiles Services Holdings Limited (the "Company", together with its subsidiaries, the "Group").

References are made to the announcements of the Company dated 9 March 2017, 10 July 2017 and 11 July 2017 (the "Announcements") in relation to the issue of Super Short-term Commercial Papers by 上海永達投資控股集團有限公司 (Shanghai Yongda Investment Holdings Group Co.,

Ltd.*), a wholly-owned subsidiary of the Company incorporated in the PRC. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

The Board is pleased to announce that the Issuer has completed the issue of the Third Tranche Super Short-term Commercial Papers in the PRC on 13 July 2017. The aggregate principal amount of the Third Tranche Super Short-term Commercial Papers is RMB0.4 billion, at the interest rate of 4.97% per annum, and with a term of 170 days. Both the par value and the issuing price of the Third Tranche Super Short-term Commercial Papers are RMB100 per unit.

As stated in the Announcements, the net proceeds from the issue of the Third Tranche Super Short-term Commercial Papers are intended to be used for repayment of debts of the Issuer and its subsidiaries.

In accordance with the relevant laws and regulations of the PRC, relevant documents in relation to the Issuer and the Third Tranche Super Short-term Commercial Papers will be published on the websites of Shanghai Clearing House (http://www.shclearing.com) and China Foreign Exchange Trade System (www.chinamoney.com.cn).

By order of the Board

China Yongda Automobiles Services Holdings Limited Cheung Tak On

Chairman

The PRC, 13 July 2017

As at the date of this announcement, the Board comprises (i) five executive directors, namely Mr. Cheung Tak On, Mr. Cai Yingjie, Mr. Wang Zhigao, Mr. Xu Yue and Ms. Chen Yi; (ii) one non-executive director, namely Mr. Wang Liqun; and

(iii) three independent non-executive directors, namely Mr. Lyu Wei, Mr. Chen Xianglin and Ms. Zhu Anna Dezhen.

* For identification purpose only

China Yongda Automobiles Services Holdings Ltd. published this content on 13 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 July 2017 07:14:08 UTC.

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