09:29     QINGLING MOTORS<01122>-Announcement&Resumption of Trading(7)        

    ``Company''                                                               
    Qingling Motors Co. Ltd, a company incorporated in the PRC with           
    limited liability, the issued H Shares of which are listed on the         
    Stock Exchange                                                            
                                                                              
    ``Director(s)''                                                           
    director(s) of the Company                                                
                                                                              
    ``Dividend Record Date''                                                  
    the record date announced by the Company in the Results                   
    Announcement for determining the entitlement of shareholders of           
    the Company to the Final Dividend being 24 May 2005                       
                                                                              
    ``domestic shareholder''                                                  
    Qingling Motors (Group) Company Limited, the holder of all the            
    issued domestic shares                                                    
                                                                              
    ``domestic share(s)''                                                     
    domestic shares of RMB1 each in the share capital of the Company          
                                                                              
    ``Executive''                                                             
    the Executive Director of the Corporate Finance Division of the           
    SFC or any of his delegates                                               
                                                                              
    ``Final Dividend''                                                        
    the final dividend announced by the Company in the Results                
    Announcement of RMB0.05 per share in respect of the year ended 31         
    December 2004, payable on or before 24 June 2005                          
                                                                              
    ``Group''                                                                 
    the Company and its subsidiaries                                          
                                                                              
    ``H Share(s)''                                                            
    H share(s) of RMB1 each in the share capital of the Company               
                                                                              
    ``H Shareholders''                                                        
    the holders of the H Shares                                               
                                                                              
    ``HK$''                                                                   
    Hong Kong dollars, the lawful currency of Hong Kong                       
                                                                              
    ``Hong Kong''                                                             
    the Hong Kong Special Administrative Region of the PRC                    
                                                                              
    ``Independent Board Committee''                                           
    an independent board committee of the Board comprising Mr. Long           
    Tao, Mr. Song Xiaojiang and Mr. Xu Bingjin and established for the        
    purpose of advising the Qualifying Shareholders in relation to the        
    Partial Offer                                                             
                                                                              
    ``Latest Trading Date''                                                   
    13 May 2005 (being the last day of trading of the H Shares on the         
    Stock Exchange before the date of this announcement)                      
                                                                              
    ``Listing Rules''                                                         
    the Rules Governing the Listing of Securities on the Stock Exchange       
                                                                              
    ``Nomura''                                                                
    Nomura International (Hong Kong) Limited, a licensed corporation          
    registered to conduct type 1 (dealing in securities), type 2              
    (dealing in futures contracts), type 4 (advising on securities),          
    type 5 (advising on futures contracts) and type 6 (advising on            
    corporate finance) regulated activities under the SFO and the             
    financial adviser to the Offeror                                          
                                                                              
    ``Offer Document''                                                        
    the document to be issued by and on behalf of the Offeror to              
    Qualifying Shareholders in accordance with the Takeovers Code             
    containing, amongst others, terms and conditions of the Partial           
    Offer and the form of acceptance and transfer in respect of the           
    Partial Offer                                                             
                                                                              
    ``Offeror''                                                               
    Isuzu Motors Limited, a company incorporated in Japan and listed          
    on the Tokyo Stock Exchange                                               
                                                                              
    ``Offer Price''                                                           
    HK$1.92 per H Share                                                       
                                                                              
    ``Partial Offer''                                                         
    the proposed unconditional cash partial offer to be made by Nomura        
    on behalf of the Offeror to acquire up to 324,960,400 H Shares in         
    accordance with the Takeovers Code on the basis set out in the Offer      
    Document and accompanying form of acceptance and transfer, and any        
    subsequent revision or extension of such offer                            
                                                                              
    ``parties acting in concert''                                             
    has the same meaning given to it in the Takeovers Code with respect       
    to the Partial Offer only