Xinhua Jin (600735): Progress In Establishing Subsidiaries Abroad

Shandong Xinhua Jin International Limited by Share Ltd's progress announcement on establishing subsidiaries for foreign investment

Shandong Xinhua Jin International Limited by Share Ltd (hereinafter referred to as the "company") held the twenty-first meeting of the eleventh board of directors in January 14, 2019. It considered and adopted the motion on establishing a subsidiary company for foreign investment. The company intends to set up wholly owned subsidiaries with its own currency fund, and apply for the qualification of China's second-hand car export pilot enterprises in the name of the new subsidiary company. See the announcement of the Shandong Xinhua brocade international Limited by Share Ltd on the establishment of a subsidiary company for foreign investment on the Shanghai stock exchange website (Bulletin number:

2019-005).

Recently, the new subsidiary has completed the business registration process and obtained the business license. The relevant registration information is as follows:

Name: Shandong Xinhua automobile sales and Service Co., Ltd.

Type: limited liability company (wholly owned by non natural person investment or holding company)

Residence: Trade Promotion Center, 8 / F, Shang He mansion, Jiaozhou economic and Technological Development Zone, Qingdao, Shandong.

Legal representative: Li Guangjian

Registered capital: 100 billion yuan

Date of establishment: January 18, 2019

Or prohibited products, including refrigeration, refrigeration, refrigeration, dangerous chemicals storage, general machinery and equipment, electronic products, computer hardware and software, car rental, car repair, car dealership, second-hand car dealership, real estate development, house leasing, conference service, computer technology research and development, technical consultation, technology pfer, technical service, business information consulting service, invest abroad with own funds, carry out assets management with their own funds (without financial supervision department approval, and not engage in financial services such as deposit taking, financing guarantee, Valet management, etc.), import and export of goods and technologies (prohibited by state laws and regulations, and no business can be permitted by laws and regulations. Scope: Wholesale and retail: Automobile and its components, automotive supplies (excluding dangerous chemicals).

(legally approved projects can be launched after approval by the relevant departments).

Notice hereby.

Shandong Xinhua Jin International Limited by Share Ltd

Board of directors

January 22, 2019