09:09     QINGLING MOTORS<01122> - Unusual price & volume movements           

    The Stock Exchange has received a message from Qingling Motors Company    
    Limited which is reproduced as follows:-                                  
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted the increase in the price and trading volume of the shares  
    of the Company today and wish to state that we are not aware of any       
    reasons for such increase.                                                
                                                                              
    We confirm that save for the information as disclosed in the announcement 
    of the Company dated 27 April 2005, there are no negotiations or          
    agreements relating to intended acquisitions or realizations which are    
    discloseable under Rule 13.23 of the Listing Rules, neither is the board  
    of directors of the Company aware of any matter discloseable under the    
    general obligation imposed by Rule 13.09 of the Listing Rules, which is or
    may be of a price-sensitive nature.                                       
                                                                              
    As at the date hereof, the board of directors of the Company comprises the
    following directors:                                                      
                                                                              
    Mr. Wu Yun                                                                
    Mr. Gao Jianmin                                                           
    Mr. Yoshito Mochizuki                                                     
    Mr. Song Zhenyuan                                                         
    Mr. Liu Guangming                                                         
    Mr. Pan Yong                                                              
    Mr. Yue Huaqiang                                                          
    Mr. Long Tao *                                                            
    Mr. Song Xiaojiang *                                                      
    Mr. Xsu Bingjin*                                                          
                                                                              
                                                                              
    * Independent non-executive directors                                     
                                                                              
    Made by the order of the board of Qingling Motors Company Limited, the    
    directors of which individually and jointly accept responsibility for the 
    accuracy of this statement.                                               
                                                                              
                                                                              
    For and on behalf of                                                      
    Qingling Motors Company Limited                                           
                                                                              
    Wu Nianqing                                                               
    Company Secretary                                                         
                                                                              
    29 April, 2005"