10:38     GEELY AUTO<00175>-Announcement & Resumption of Trading (9)          

    resolution to be proposed at the EGM to approve the Supply Agreement and  
    the Proposed Cap.                                                         
                                                                              
    The Offer is a possibility only. Shareholders and potential investors in  
    the Company should therefore exercise extreme caution when dealing in     
    the Shares.                                                               
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING IN SHARES                            
                                                                              
    At the request of the Company, trading in the Shares on the Stock         
    Exchange was suspended with effect from 2:30 p.m. on 6 May 2005 pending   
    the issue of this announcement. Application has been made by the Company  
    to the Stock Exchange for the resumption of trading in the Shares with    
    effect from 9:30 a.m. on 11 May 2005.                                     
                                                                              
    Definitions                                                               
                                                                              
    "acting in concert"        the same meaning ascribed to it in the         
    Takeovers Code                                                            
                                                                              
    "associate(s)"        the same meaning ascribed to it in the Listing      
    Rules                                                                     
                                                                              
    "Board"        the board of Directors                                     
                                                                              
    "Company"        Geely Automobile Holdings Limited, a company             
    incorporated in Cayman Islands with limited liability whose shares are    
    listed on the Stock Exchange                                              
                                                                              
    "Completion"        completion of the Share Transfer Agreement            
                                                                              
    "Continuing Connected        the continuing connected transactions to be  
    transacted between Fulin                                                  
      Transactions"        Guorun and Zhejiang Geely JV under the Supply      
    Agreement                                                                 
                                                                              
    "Director(s)"        the director(s) of the Company                       
                                                                              
    "EGM"        an extraordinary general meeting of the Company to be        
    convened to approve the Supply Agreement including the Proposed Cap       
                                                                              
    "Fulin Guorun"        Zhejiang Fulin Guorun Automobiles Parts &           
    Components Co Ltd, a company incorporated in the PRC, and owned as to     
    51% by the Company and 49% by Zhejiang Fulin Automobiles Parts &          
    Components Co Ltd, an independent third party                             
                                                                              
    "Fortune Door"        Fortune Door Investment Limited, one of the         
    Vendors interested in 28% of the issued share capital of Proper Glory     
    prior to Completion, is a private company incorporated in the British     
    Virgin Islands with limited liability and is wholly owned by Mr. Ku Wai   
    Kwan, an executive Director                                               
                                                                              
    "Group"        the Company and its subsidiaries                           
                                                                              
    "Hong Kong"        the Hong Kong Special Administrative Region of the     
    PRC                                                                       
                                                                              
    "HK$"        Hong Kong dollars, the lawful currency of Hong Kong          
                                                                              
    "Independent Shareholders"        Shareholders other than Proper Glory    
    and its associates                                                        
                                                                              
    "Listing Rules"        The Rules Governing the Listing of Securities on   
    the Stock Exchange                                                        
                                                                              
    "Mr. He"        Mr. He Xuechu, one of the Vendors under the Share         
    Transfer Agreement and interested in 32% of the issued share capital of   
    Proper Glory, is the chairman and an executive Director                   
                                                                              
    "Mr. Li"        Mr. Li Shu Fu, the sole shareholder and sole director of  
    the Offeror, and is interested in 32% of the issued share capital of      
    Proper Glory as at the date of this announcement                          
                                                                              
    "Offer"        the unconditional mandatory cash offer to be made by G.K.  
    Goh Securities (H.K.) Limited on behalf of the Offeror for all            
    outstanding Shares other than those already owned or agreed to be         
    acquired by the Offeror or parties acting in concert with it              
                                                                              
    "Offer Document"        the composite document to be issued by or on      
    behalf of the Offeror and the Company to all Shareholders in accordance   
    with the Takeovers Code containing, amongst other things, details of the  
    Offer, the acceptance and transfer forms, the recommendation of the       
    independent board committee of the Company and the advice of the          
    independent financial adviser