Revenue and Gross Profit Up 127.4% and 89.7% respectively

Revenue of Premium and Ultra Premium Branded Automobiles

Increased by approx. 150.5%

* * * * *

Rapid Growth of After-Sales Services Business

Smooth Integration after M&A, Realization of Synergies

[26 August 2012, Hong Kong] China ZhengTong Auto Services Holdings Limited (“ZhengTong Auto” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1728), a major premium branded 4S dealership group in China, today announced its interim results for the six months ended 30 June 2012 (the “period under review”).

Benefited from the consistent blooming sales of premium and ultra premium branded automobile and after-sales service business, the Group continued its strategy in focusing on the premium and ultra premium branded automobiles during the period under review, not only to strive to improve operational efficiency, but also to expand its sales network through mergers and acquisitions and new establishment, stimulating the rapid growing of the turnover. For the six months ended 30 June 2012, the Group’s turnover significantly increased to approximately RMB13,682.7 million, representing an increase of 127.4% from the same period last year. Gross Profit increased by 89.7% to approximately RMB1,195.0 million. Profit from operations surged 52.8% to approximately RMB686.0 million. Gross profit margin and net profit margin were 8.7% and 2.6% respectively. Basic earnings per share amounted to RMB15.0 cents (Corresponding Period in 2011: RMB14.7 cents). The Board of Directors does not recommend an interim dividend payout for the period under review.

Mr. Wang Kunpeng, Executive Director and Chief Executive Officer of ZhengTong Auto said, “In the first half of 2012, Chinese economy slowed down but maintained a steady growth in the whole. The sales of the premium and ultra premium branded automobiles still remained robust in the Chinese market, and continued to lead among the average level of the passenger vehicle market in China. ZhengTong Auto took full advantage of the tremendous potentials of the premium and ultra premium brands in China, continued its strategy of improving efficiency in operations management despite the keen competition in the automobile distribution sector. Upholding the concept for after-sales services of being customer-oriented as well as adhering to the basic business model under the coordinated development of diversified segments of automobile dealership as well as lubricant oil and logistics business, the Group has achieved outstanding results in respect of these aspects.”

During the period under review, sales of new automobiles and after-sales service business maintains strong growths and remains the major growth driver of the Group. The revenue from the sales of new automobiles amounted to approximately RMB12,378 million, representing an increase of approximately 129.5% over the first half of 2011, accounting for 90.5% of the turnover. Whereas revenue from after-sales service business amounted to approximately RMB1,052 million, representing an increase of approximately 148.1% over the first half of 2011, and accounted for approximately 7.7% of the total revenue.

About China ZhengTong Auto Services Holdings Limited

ZhengTong Auto is a major premium branded 4S automobile dealership group in China focusing on premium brands such as BMW/ MINI, Audi, Land Rover, Jaguar and Volvo. The Company also operates 4S dealership stores for ultra premium brands such as Porsche, and mid-range market brands such as Nissan and Honda. The Company has a total of 61 4S Stores in China, which provides them with strong presence in both established and affluent automobile markets as well as rapidly developing regions. Each of the 4S dealership stores integrates the four principal automobile-related businesses: sales, spare parts, service and survey, and offers a broad range of automobile sales and after-sale services.