10:25     GREAT WALL AUTO<02333> - Announcement                               

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation as         
    to its accuracy or completeness and expressly disclaims any               
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    Great Wall Automobile Holding Company Limited*                            
    (a joint stock limited company incorporated in the People's               
    Republic of China with limited liability)                                 
    (Stock Code: 2333)                                                        
                                                                              
    DELAY IN DESPATCH OF H SHARE CERTIFICATES                                 
                                                                              
    Reference is made to the Announcement.                                    
                                                                              
    The Application is currently being reviewed by the Ministry of            
    Commerce of the PRC and the Company will publish an announcement          
    relating to the despatch and dealing date of such new H Share             
    certificates once the approval for the Application is granted.            
                                                                              
    Introduction                                                              
                                                                              
    Reference is made to the announcement of the Company dated 10             
    December 2004 relating to the delay in despatch of H share                
    certificates (the ``Announcement''). Unless otherwise stated,             
    capitalised terms used herein shall have the same meaning as those        
    defined in the Announcement.                                              
                                                                              
    Delay in despatch of new H Share certificates                             
                                                                              
    As stated in the Announcement, the Company has made its application       
    in respect of the Capitalisation Issue (the ``Application'') to           
    the relevant PRC authority subsequent to obtaining the approval           
    of the Capitalisation Issue at the EGM. As the approval process           
    of the Application has taken longer than that anticipated by the          
    Company, the Company would not be able to issue and despatch the          
    new H Share certificates in accordance with the ``Expected                
    Timetable'' as set out in the Circular.                                   
                                                                              
    The Application was initially submitted to the Bureau of Commerce         
    of Baoding City () (``BOC'') on 27 October 2004. The Application          
    was reviewed by BOC and then transferred to the Department of             
    Commerce of Hebei province () for review. The Application was then        
    submitted to the Ministry of Commerce of the PRC () (``MOC''),            
    which is the final stage of the approval process, for review on           
    18 November 2004. MOC has inquired about the Capitalisation Issue         
    and the Company has dealt with all of them accordingly. The Company       
    is not aware of any special reasons that would otherwise delay the        
    Application. The Company has been and will continue to closely            
    monitor the progress of the Application by making regular                 
    enquiries with the MOC. The Company will make monthly                     
    announcements in relation to the delay. Once the approval for the         
    Application is granted, the Company will publish an announcement          
    relating to the despatch and dealing date of such new H Share             
    certificates.                                                             
                                                                              
    As at the date of this announcement, members of the Board are as          
    follows:                                                                  
                                                                              
    Executive directors: Mr. Wei Jian Jun, Mr. Liu Ping Fu, Ms. Wang          
    Feng Ying, Mr. Liang He Nian and Ms. Yang Zhi Juan.                       
                                                                              
    Non-executive directors: Mr. He Ping and Mr. Niu Jun.                     
                                                                              
    Independent non-executive directors: Mr. Han Chuan Mo, Mr. Zhang          
    Ming Yu, Mr. Zhao Yu Dong and Mr. Wong Chi Keung.                         
                                                                              
    By Order of the Board                                                     
    Bai Xuefei                                                                
    Company Secretary                                                         
                                                                              
    Baoding, the PRC, 6 January 2005                                          
    * For identification purposes only