[23 September 2011 – Hong Kong] China ZhengTong Auto Services Holdings Limited (“ZhengTong Auto” or the “Company” and, together with its subsidiaries, the “Group”, Stock code: 1728), a major premium branded 4S dealership group in China, expects nearly 90% profit out of the year is generated from the sales of premium brands.
In August 2011, the Company has sold over 3,500 automobiles, representing an increase of 60% compared to the corresponding period last year. The number of automobiles sold in all premium branded dealership stores was 2,000, representing a surge of 110% from the previous year. The volume of after-sales service has increased 60% compared to the corresponding period last year, of which the volume of after-sales service of premium branded automobiles has surged 144% compared to the corresponding period last year.