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.

GUANGZHOU AUTOMOBILE GROUP CO., LTD.

廣州汽車集團股份有限公司

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

(Stock Code: 2238)

Report on Production and Sales Volume of Guangzhou Automobile Group Co., Ltd. for February 2020

The figures of production and sales volume of the major investment enterprises of Guangzhou Automobile Group Co., Ltd. (the "Company") for

February 2020 are reported as follows:

Production Volume (Units)

Sales Volume (Units)

Same

Percentage

Year-to-

Year-to-

Percentage

Same

Percentage

Year-to-

Year-to-

Percentage

Production / Sales

Month on

Year on

Month on

Year on

Current

period

date

date

Current

period

date

date

Unit

Month

Year

Month

Year

month

last

February

February

month

last

February

February

increase/

increase/

increase/

increase/

year

2020

2019

year

2020

2019

decrease

decrease

decrease

decrease

Guangqi Honda

Automobile Co., Ltd.

5,411

36,386

-85.13%

50,803

102,753

-50.56%

7,143

42,062

-83.02%

68,875

115,679

-40.46%

(廣汽本田汽車有限

公司)

GAC Toyota Motor

Co. Ltd.

8,932

26,425

-66.20%

62,603

87,052

-28.09%

5,500

27,206

-79.78%

73,120

106,906

-31.60%

(廣汽豐田汽車有限

公司)

1

GAC Motor Co., Ltd.

(廣汽乘用車有限公

1,873

25,042

-92.52%

30,773

63,690

-51.68%

5,678

20,336

-72.08%

41,366

54,232

-23.72%

)

GAC Fiat Chrysler

Automobiles

Co., Ltd.

752

3,088

-75.65%

2,851

10,640

-73.20%

316

4,826

-93.45%

2,380

14,043

-83.05%

(廣汽菲亞特克萊斯

勒汽車有限公司)

GAC Mitsubishi

Motor Co., Ltd.

240

8,135

-97.05%

7,142

15,883

-55.03%

350

7,005

-95.00%

8,629

19,106

-54.84%

(廣汽三菱汽車有限

公司)

Honda Automobile

(China) Co., Ltd.

105

591

-82.23%

936

1,796

-47.88%

341

650

-47.54%

1,094

1,652

-33.78%

(本田汽車(中國)

有限公司)

GAC Hino Motors

Co., Ltd.

-

212

-100.00%

209

400

-47.75%

19

180

-89.44%

154

356

-56.74%

(廣汽日野汽車有限

公司)

Guangzhou GAC

BYD New Energy

Passenger Vehicle

-

-

-

-

-

-

-

-

-

-

-

-

Co., Ltd.

(廣州廣汽比亞迪新

能源客車有限公司)

Total for vehicles

17,313

99,879

-82.67%

155,317

282,214

-44.96%

19,347

102,265

-81.08%

195,618

311,974

-37.30%

Wuyang-Honda

Motors (Guangzhou)

Co., Ltd.

14,074

41,067

-65.73%

72,890

106,379

-31.48%

21,258

40,429

-47.42%

90,797

102,988

-11.84%

(五羊-本田摩托

(廣州)有限公司)

2

Production Volume (Units)

Sales Volume (Units)

Same

Percentage

Year-to-

Year-to-

Percentage

Same

Percentage

Year-to-

Year-to-

Percentage

Month on

Year on

Month on

Year on

Type of products

Current

period

date

date

Current

period

date

date

Month

Year

Month

Year

month

last

February

February

month

last

February

February

increase/

increase/

increase/

increase/

year

2020

2019

year

2020

2019

decrease

decrease

decrease

decrease

Passenger vehicle

17,313

99,667

-82.63%

155,108

281,814

-44.96%

19,328

102,085

-81.07%

195,464

311,618

-37.27%

Sedan

12,364

54,379

-77.26%

77,732

150,736

-48.43%

10,428

53,257

-80.42%

94,488

169,419

-44.23%

MPV

1,055

5,467

-80.70%

8,405

13,820

-39.18%

1,624

5,643

-71.22%

9,971

14,338

-30.46%

SUV

3,894

39,821

-90.22%

68,971

117,258

-41.18%

7,276

43,185

-83.15%

91,005

127,861

-28.83%

Commercial vehicle

-

212

-100.00%

209

400

-47.75%

19

180

-89.44%

154

356

-56.74%

Passenger vehicle

-

-

-

-

-

-

-

-

-

-

-

-

Truck

-

212

-100.00%

209

400

-47.75%

19

180

-89.44%

154

356

-56.74%

Total for vehicles

17,313

99,879

-82.67%

155,317

282,214

-44.96%

19,347

102,265

-81.08%

195,618

311,974

-37.30%

By order of the Board

Guangzhou Automobile Group Co., Ltd.

ZENG Qinghong

Chairman

Guangzhou, the PRC, 9 March 2020

As at the date of this announcement, the executive directors of the Company are ZENG Qinghong and FENG Xingya, the non-executive directors of the Company are CHEN Maoshan, CHEN Jun, DING Hongxiang and HAN Ying, and the independent non-executive directors of the Company are FU Yuwu, LAN Hailin, LEUNG Lincheong and WANG Susheng.

3

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Guangzhou Automobile Group Co. Ltd. published this content on 09 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2020 09:57:06 UTC