China Yongda Automobile Services Hldg : SUPPLEMENTAL ANNOUNCEMENT

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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) SUPPLEMENTAL ANNOUNCEMENT

Reference is made to the announcement of China Yongda Automobiles Services Holdings Limited (the "Company") dated May 12, 2017, in respect of, among others, a top-up placing and subscription of 135,000,000 shares of the Company (the "Announcement"). Unless otherwise defined herein, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

The Board wishes to clarify that the Announcement should have contained the responsibility statement as required under Rule 9.3 of the Takeovers Code as follows:

"The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statements in this announcement misleading."

Due to an inadvertent oversight, the required responsibility statement was omitted in the Announcement. The Directors wish to clarify and confirm that they have jointly and severally accepted full responsibility for the accuracy of the information contained in the Announcement in accordance with the standard set out in Rule 9.3 of the Takeovers Code.

By order of the Board

China Yongda Automobiles Services Holdings Limited Cheung Tak On

Chairman

PRC, May 16, 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.

The Directors jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinion expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.