[ET Net News Agency, 27 May 2016] China Yongda Automobiles Services (03669) said it
received confirmation from the Stock Exchange that it may proceed with the proposed
spin-off of Shanghai Yongda Automobile Group by way of a separate listing on the Shenzhen
Stock Exchange.
Shanghai Yongda Automobile and its subsidiaries are principally engaged in 4S dealership
businesses and the finance leasing busines of the Group. (HL)