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1 BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED * 1114 (1) 39.1% (2) 49% N-1 N M *

2 I II III IV V N-1

3 39.1% (i) (ii) (iii) (iv) (v) 1

4 (i) 2,600,000,000 (ii) 1,000,000,000 (iii) (1) (2) 1,400,000,000 Brilliance China Automotive Holdings Limited * % 49% 49% 2

5 42.32%

6 Renault SAS 13/15 quai Alphonse le Gallo, Boulogne Billancourt, France % 39.1% % * 4

7 BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED * 1114 Canon s Court 22 Victoria Street Hamilton HM12 Bermuda (1) 39.1% (2) 49% (i)39.1% 1.0(ii) 49%1.0 * 5

8 (i)(ii) (iii)(iv) 39.1% (a) (b) 39.1%60.9% 30% 24.38% 14A.10 14A % 6

9 % (i) (ii) (iii) % 90 7

10 49% (a) (b) 3. 49% 4. 49%

11 6. (i) (ii) 1,000,000,000 9

12 7. 49% 8. 1,500,000,000 (i) 1,000,000,000 (ii) 500,000, ,000,

13 % 50% ,200, , ,000 (Dacia)(Renault Samsung Motors)(Alpine)(LADA) 11

14 (Nissan)(Daimler Europe) (General Motors Europe)(Fiat Europe) 4. (493,796) (693,193) (224,206) (457,016) (494,827) (693,907) (224,280) (457,151) 8,059,516 7,863,319 8,222,886 7,847,724 (2,739,396) (3,483,303) (2,963,677) (3,940,454) 60.9% 51% 12

15 95,180 58, % 568,500, ,200, % (Nissan)(Daimler)(General Motors Europe) 13

16 39.1%60.9% 30% 24.38% 14A.10 14A 14A % 100% % 75% 14 14

17 14A 157 N-1 N M 15

18 Brilliance China Automotive Holdings Limited 16

19 1. ( ( SEHK/2015/0421/LTN _C.pdf SEHK/2016/0426/LTN _C.pdf SEHK/2017/0427/LTN _C.pdf ,052,000,000 (a) 345,000,000145,000, ,000,000 (b) 1,707,000,000 I-1

20 600,000, ,000, F50MPV MPV G13 MPV(F50) I-2

21 15.9% (Nissan)(Daimler)(General Motors Europe) (a) (b)(c) I-3

22 II-4 II-49 II-4II % 49% II-1

23 II-2

24 75,000,000 50,000, P04920 II-3

25 5 4,951,892 4,196,141 4,147,465 1,342,914 1,248,569 (4,523,357) (4,095,099) (4,186,001) (1,379,854) (1,319,581) 428, ,042 (38,536) (36,940) (71,012) 32,564 39,820 23,859 12,193 11,836 27,897 29,145 22,727 6,470 6,456 (541,879) (501,819) (568,097) (184,614) (181,894) (203,322) (189,952) (172,995) (46,870) (259,764) 6 (119,458) (120,418) (154,902) (45,301) (38,807) 145, , ,751 70,856 76,169 7 (230,405) (493,796) (693,193) (224,206) (457,016) 8 (487) (1,031) (714) (74) (135) (230,892) (494,827) (693,907) (224,280) (457,151) (258,645) (524,905) (733,318) (238,733) (472,453) 27,753 30,078 39,411 14,453 15,302 (230,892) (494,827) (693,907) (224,280) (457,151) II-4

26 3,386,288 (5,500,513) (2,114,225) 175,548 (1,938,677) 56,234 (314,879) (258,645) 27,753 (230,892) 3,386,288 56,234 (5,815,392) (2,372,870) 203,301 (2,169,569) (75,000) (75,000) 14,857 (539,762) (524,905) 30,078 (494,827) 3,386,288 71,091 (6,355,154) (2,897,775) 158,379 (2,739,396) (50,000) (50,000) 6,425 (739,743) (733,318) 39,411 (693,907) 3,386,288 77,516 (7,094,897) (3,631,093) 147,790 (3,483,303) (472,453) (472,453) 15,302 (457,151) 3,386,288 77,516 (7,567,350) (4,103,546) 163,092 (3,940,454) 3,386,288 71,091 (6,355,154) (2,897,775) 158,379 (2,739,396) (238,733) (238,733) 14,453 (224,280) 3,386,288 71,091 (6,593,887) (3,136,508) 172,832 (2,963,676) II-5

27 10%10% 50% 10 1,048,629 1,494,409 1,397,406 1,147, ,518,291 1,600,539 1,767,599 1,867, , , , ,365 1,120 2,754 3,121 1,972 3,116,271 3,676,927 3,812,322 3,737,203 1,015, , , ,687 12,355 62,763 13,146 18, , , ,080 1,054, , , , , ,860 1,013,027 1,127,181 1,010, , , , , , , , ,304 4,385,616 4,382,589 4,050,997 4,110,521 II-6

28 19 5,032,567 4,195,876 4,612,837 4,876, ,558,479 1,840,000 1,954,414 2,095, ,842,594 3,475,133 3,961,750 4,178, ,230,000 1,280, , ,000 7,816 7,903 7,621 7,635 9,671,456 10,798,912 11,346,622 11,788,178 (5,285,840) (6,416,323) (7,295,625) (7,677,657) (2,169,569) (2,739,396) (3,483,303) (3,940,454) 25 3,386,288 3,386,288 3,386,288 3,386,288 (5,759,158) (6,284,063) (7,017,381) (7,489,834) (2,372,870) (2,897,775) (3,631,093) (4,103,546) 203, , , ,092 (2,169,569) (2,739,396) (3,483,303) (3,940,454) II-7

29 (230,406) (493,796) (693,193) (224,206) (457,016) (27,897) (29,145) (22,727) (6,470) (6,456) 119, , ,902 45,301 38,807 (145,258) (148,386) (194,751) (70,856) (76,169) 20,999 13,530 10, (76,088) (12,624) (28,256) (7,561) (10,983) 34,698 21,524 26,603 7,552 10,852 64,511 90,411 85,876 23,467 26,215 29,196 42, ,484 44,635 61,825 (1,938) (4,425) 5,263 (35) 1,001 5,460 9,823 12,200 13, ,000 (3,863) (195,065) (399,794) (517,258) (188,173) (187,400) II-8

30 (195,065) (399,794) (517,258) (188,173) (187,400) 38 (1,634) (367) 139 1, ,153 (464,498) 222, ,953 35,716 1,001,934 (216,167) (110,291) (56,971) 116,850 (333,733) 394,435 9,653 (51,742) (46,788) (292,670) 118, ,833 68,378 (90,316) 3,186,777 (836,691) 416,961 83, , , , , , ,586 (2,779,246) 1,611, ,014 (92,759) 206,042 1,374, , , , ,901 (994) (944) (996) (477) (121) 1,373, , , , ,780 (692,583) (667,311) (298,100) (79,865) (234,190) (171,335) (139,468) (19,463) (335,000) (71,120) 105, , ,780 27,897 29,145 22,727 6,470 6,456 57,679 67,570 3,266 1,983 87,359 (673,342) (592,672) (161,790) (406,412) (211,495) II-9

31 (75,000) (50,000) 1,330,000 1,280, , , ,000 (1,410,000) (1,230,000) (1,360,000) (680,000) (530,000) (179,171) (177,390) (163,748) (48,000) (40,701) (259,171) (202,390) (683,748) (118,000) (220,701) 441,264 (309,630) (124,885) (118,803) 7, ,354 1,015, , , ,103 1,015, , , , ,687 II-10

32 I % % ,678,000,000 II-11

33 2.3 (i) (i) (ii) 39 (ii) II-12

34 (iii) II-13

35 (iv) 2.4 (i) 2.9 (ii) 510 (iii) 510 II-14

36 2.5 10% , , II-15

37 (i) (ii) II-16

38 (iii) 2.19 (iv) (v) 2.9 II-17

39 II-18

40 (i) (ii) (iii) 2.15 (i) (ii) II-19

41 (iii) II-20

42 2.18 (i) (ii) (iii) (a) (i) (ii) (iii) II-21

43 (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) II-22

44 (a) 1,226,000,000 1,325,000,0001,425,000,0001,655,000,0001,049,000,000 1,494,000,0001,397,000,0001,147,000, ,000420, (b) 26,653,000,000 (c) 517,000,000980,000,000776,000,000750,000,000 68,000,00068,000,00050,000,00040,000,000 (d) 797,000,0001,013,000,000 1,127,000,0001,010,000,0004,440,000 II-23

45 4,440,000580,000580, ,000,000541,000,000416,000,000457,000,000 54,000,00054,000,00054,000,00077,000,000 67,000,000529,000,000879,000, ,000,0006,750,000 (e) 21 (f) (a) %36%41% 44% 424,000,000420,000,000520,000, ,000,00025% 33% (b) II-24

46 2.2 5,032,567 4,195,876 4,612,837 4,876,899 1,558,479 1,840,000 1,954,414 2,095,000 1,783,571 3,423,857 3,895,191 4,116,600 1,230,000 1,280, , ,000 9,604,617 10,739,733 11,272,442 11,718,499 60,000 60,000 60,000 (c) 3% 15,000,0009,000,0004,000,0004,000,000 (d) II-25

47 50300,000 2,000,0002,000,0004,000,00050 (e) 1,015, , , ,687 12,355 62,763 13,146 18, , , ,080 1,054, ,860 1,013,027 1,127,181 1,010, , , , , , , , ,679 3,807,908 3,365,670 3,257,114 3,330,857 5,032,567 4,195,876 4,612,837 4,876,899 1,558,479 1,840,000 1,954,414 2,095,000 1,783,571 3,423,857 3,895,191 4,116,600 1,230,000 1,280, , ,000 9,604,617 10,739,733 11,272,442 11,718, % 59%67%77% 66%2,485,000,0002,462,000,0002,797,000,000 1,031,000,000830,000,0001,099,000, ,000,000184,000,000250,000,000 II-26

48 4,076,335 4,050,472 4,059,007 1,334,680 1,182,757 45,526 62,552 22,658 1,548 8,605 69,830 39,683 52,420 5,134 33, ,051 17,765 1,738 1,423 13, ,678 25,547 11,387 9, ,951,892 4,196,141 4,147,465 1,342,914 1,248, ,294 74,429 56,164 23,607 9,426 99, , ,584 24,393 31, % 5.0%4.6%4.4% 1.7% (59,713) (56,972) (8,846) (2,699) (1,894) 119, , ,902 45,301 38,807 II-27

49 7. 200,000 5,460 9,823 (b) 12,200 13, , , , , ,985 (a) 29,196 42, ,484 44,635 61,825 64,511 90,411 85,876 23,467 26,215 (c) 4,578,446 4,094,193 4,203,853 1,387,415 1,330,564 20,999 13,530 10, (b) 34,698 21,524 26,603 7,552 10,852 8,354 9,781 7,687 2,670 2, ,678 5, ,133 6,071 4,643 10, ,088 12,624 28,256 7,561 10,983 2,103 11, ,863 (a) (b) (c) 18,945,00016,676,000 24,147,000140,000207,000 II-28

50 , % (230,406) (493,796) (693,193) (224,206) (488,852) 25% (57,601) (123,449) (173,298) (56,052) (122,213) (36,206) (36,833) (45,999) (17,714) (19,042) (6,619) 7,427 7,614 (163) 50, , , ,356 74,003 91, , II-29

51 199, (a) 306, , , , ,219 40,100 42,980 46,552 20,601 19,542 80,323 83,496 89,055 26,672 29, , , , , ,985 II-30

52 ,468 10, , ,719 2, ,935 1,249,187 12,927 1,262, ,467 3, ,479 1,734,654 15,939 1,750,593 45, ,481 1,780,085 15,989 1,796,074 11, ,069 1,791,373 16,770 1,808, ,598 8, ,289 27,956 1,240 29, ,554 9, ,485 40,898 1,801 42, ,452 11, , ,222 1, , ,674 12, ,668 61, , , , ,087 13, ,493 1,144,286 3,364 1,147,650 1,394,411 2,995 1,397,406 1,490,202 4,207 1,494,409 1,045,633 2,996 1,048, % 1,300,000,000 1,100,000, ,000,000 II-31

53 ,496 1,275, ,443 45, ,130 2,259,046 5, ,218 11,040 2,054 84, ,361 3,870 16,820 15,520 (36,210) (52,375) (6,656) (345) (59,376) 473,496 1,499, ,347 47, ,839 2,563,031 4,249 22,340 11,793 4, , ,804 5, ,005 23,433 1,618 (209,903) (78,587) (41,278) (4,155) (124,020) 483,592 1,622, ,295 49, ,734 2,674,815 8,873 96,377 15,119 2, , ,465 (7,126) (18,390) (6,711) (1,675) (2,610) (36,512) 13,272 52,902 2, (68,700) 498,611 1,753, ,071 50, ,958 2,899,768 2, ,251 8, , ,015 (1,448) (3,122) (822) (2,194) (86,516) (94,102) 56,586 27,948 3, (88,599) 555,882 1,945, ,773 49, ,715 3,029, , , ,317 28,548 3, ,405 12,532 32,055 15,503 4,421 64,511 (1,468) (1,860) (304) (3,632) 5,460 5,460 (4) (4) 245, , ,956 32,665 3,131 1,044,740 12,834 53,021 19,729 4,827 90, (81) (26,121) (31,234) (3,520) (60,875) 258, , ,451 33,972 3,050 1,074,276 II-32

54 258, , ,451 33,972 3,050 1,074,276 13,995 46,325 21,412 4,144 85,876 (7,065) (13,256) (6,051) (1,508) (103) (27,983) 265, , ,812 36,608 2,947 1,132,169 5,314 12,351 7,252 1,298 26,215 (636) (2,810) (646) (1,650) (5,742) 6, ,005 9, , , ,401 36,256 4,952 1,162, ,860 1,281,571 81,372 13, ,763 1,867, ,927 1,099,210 78,259 14, ,011 1,767, ,838 1,001,390 82,844 15, ,684 1,600, , ,613 77,391 15, ,708 1,518, ,516 4,516 4,516 4,516 (4,516) (4,516) (4,516) (4,516) II-33

55 10,000,000 50% 4,462 23,813 18,115 1,575 8,448 32,261 50,376 51, , , , , ,250, % II-34

56 145, , ,751 70,856 76, , , , ,000, , , , ,264 3,868 3,158 4,428 14, , , , ,861 (67,552) (68,458) (50,606) (39,623) 516, , , , ,000,000203,000,000465,000, ,000,000 II-35

57 122,641 67,552 68,458 50,606 20,999 13,530 10,404 (76,088) (12,624) (28,256) (10,983) 67,552 68,458 50,606 39, , , , ,261 67, , , , ,860 1,013,027 1,127,181 1,010,331 (a) 453, ,058 61,735 81, ,190 10,069 4,315 3,000 81, ,939 11,268 4,699 4,479 16, , , , , , ,838 (4,440) (4,440) (577) (577) 729, , , , ,000,000397,000,000198,000, ,000,000 II-36

58 4,440 4,440 4, (3,863) 4,440 4, ,190 10,069 4,315 3,000 81, ,939 11,268 4, , , , , , , ,669 II-37

59 ,796 15,343 6,364 20, , , , , , , , ,814 (a) (a) 320, , , ,132 60,896 36,535 18,337 29,625 54,103 36, , ,474 85, , , , , ,304 (a) 374, , , ,501 (54,442) (54,442) (54,442) (68,369) 320, , , ,132 II-38

60 42,242 54,442 54,442 54,442 12,200 13,927 54,442 54,442 54,442 68,369 54,442,00054,442,00054,442,000 68,369, ,153,194 1,216,342 1,224,225 1,228,607 3,879,373 2,979,534 3,388,612 3,648,292 5,032,567 4,195,876 4,612,837 4,876,899 (a) 866, , , , , , , , ,977 49,486 52,910 56,536 58, , , ,098 1,153,194 1,216,342 1,224,225 1,228,607 II-39

61 20. 1,514,200 1,731,400 1,949,414 44, ,600 5,000 2,095,000 1,558,479 1,840,000 1,954,414 2,095, ,668 37,418 51,919 47,169 a 614, , , ,463 13,111 22,046 68,620 43,533 49,413 53,476 64,473 28,113 b 16,355 13,858 14,640 14,875 1,107,002 2,674,620 3,156,220 3,286,491 1,842,594 3,475,133 3,961,750 4,178,644 a b 14,616 16,355 13,858 14,640 34,698 21,524 26,603 10,852 (32,959) (24,021) (25,821) (10,617) 16,355 13,858 14,640 14,875 II-40

62 22. 1,230,000 1,280, , , %6.60%4.83%5.89%4.35%4.79%4.35%4.79% ,000,0001,360,000,0002,209,000,0002,575,000, % 20%14% 21%14% 20%14% 20% 40,100,000 43,000,000 46,600,00020,600,000 19,500, (a) 3,386,288 (b) II-41

63 26. (a) 14A 1, , , ,364 3,317 2, , , ,120 84, ,630 1,644,165 1,329,538 1,212, , ,788 24,108 46,515 66,604 73,186 17,759 20,630 II-42

64 (b) 535, , , , ,927 2,776,654 2,650,485 3,014,463 1,107, ,406 8, ,048 26,417 20,535 5,535 5, , ,493 59,744 14,319 13, , , ,624 30,370 16,531 8,683 4,667 6,805 2,529 2, , , , , ,032 4,044 4,425 3,342 1,172 1, ,146 4,108 3,944 1,728 1,904 60,000,000 60,000,000 II-43

65 c) 360, , ,029 50,368 30,765 21,669 33,511 6, , , ,282 16,777 15,864 51,807 73, , , ,822 (6,752) (6,752) (6,752) (6,752) 67, , , ,070 7, , , ,794 38,864 7, ,345 15,725 1,817 1, , ,895 25,869 27,686 26,172 33,409 73, , , ,823 38,864 7, ,345 15,725 1,817 1, , ,895 19,117 20,935 19,420 26,656 59,798 29, , ,276 II-44

66 6,752,000 (d) ,048 59, , , ,654 12,639 25,312 8,799 22, , , , ,714 (e) 19,707 12,317 14,569 12, ,207 56,179 6,326 53, ,545 12,564 14,966 14,770 53,358 51,365 49,345 49, , ,474 85, ,547 II-45

67 82,443 75,057 73,761 51,983 27, , , ,027 57,223 5,939 56, , ,474 85, ,547 (f) 3,144,091 2,158,192 2,620,804 2,656,098 75, , , , , , , , ,666 40,172 9,189 6, , , , ,723 3,879,373 2,979,534 3,388,612 3,648,292 2,961,263 1,588,012 1,471,962 1,345, , , , ,775 25, , , , , , , ,394 3,879,373 2,979,534 3,388,612 3,648,292 II-46

68 (g) 27,500 10,000 5,000 11, ,600 5,000 2,085,000 44, ,600 5,000 2,095,000 (h) 1,460,000 1,750,000 1,940,000 (i) 1,044,375 1,075,390 1,099,596 1,098,915 2,617 5,519 5,148 6,648 50, , , ,766 7,145 5,437 4,440 4,823 2,730 10,116 11,274 11, ,107,002 1,214,620 1,406,220 1,346,491 (j) II-47

69 (k) 27. (a) 118,401 66,193 25,559 7, , , , ,030 14,749 14,757 8, , , , , ,348 (b) 9,365 9,365 8,439 6,765 26,622 21,679 17,688 17,688 17,048 12,626 8,204 6,730 53,035 43,670 34,331 31,183 II-48

70 28. a 155,032,500 80% 2,000,000 75% a II-49

71 (i) (ii) 39.1% Renault SAS49% III-1

72 ,338,612 1,338,612 2,249,789 2,249,789 84,810 84,810 17,644,857 17,644,857 1,703,065 1,703, , ,000 33,468 33, , ,487 17,584 17,584 24,033,672 24,033, , ,000 1,430, , ,146 1,338,956 1,338,956 1,104,070 1,104,070 1,583,968 1,583, , ,308 1,551,954 1,551,954 7,009, ,000 7,499,340 III-2

73 ,324,123 3,324,123 2,330,052 2,330,052 1,322,736 1,322,736 1,325,000 1,325,000 20,749 20,749 8,322,660 8,322,660 (1,313,320) (823,320) 22,720,352 23,210, , ,829 22,598, ,000 23,088, , ,809 23,327,048 (1,485,723) 15,236 21,856,561 23,723,857 (1,485,723) 15,236 22,253,370 (1,125,334) 1,485,723 (15,236) 490, ,153 22,598, ,000 23,088,523 III-3

74 % 60.9% 39.1%1.0 14A 1,485,723, % 39.1%1.0 1,485,723, (i) 2,600,000,000(ii) 1,000,000,000(iii)(1) (2)1,400,000,000 (i)(ii)(iii) (i)(ii) (3,631,093,000) (i) 2,600,000,000 (ii) 1,000,000,000 (31,093,000) 31,093, %1.0 III-4

75 1.049%15,236,000 31,093,00049%49% 5. 1,500,000,000 (i)1,000,000,000 (ii) 500,000, ,000,000,000500,000, ,000,000,000 49%490,000,000 1,000,000,000 III-5

76 ,951,900, %4,196,100, %4,147,500,000 1,342,900, %1,248,600,000 IV-1

77 4,523,400, % 4,095,100, % 4,186,000,000 1,379,900,0004.4% 1,319,600,000 32,600, %39,800, %23,900,000 11,800, ,00012,200,000 27,900,0004.5%29,100, % 22,700,000 6,500,0000.2% 6,400, % 2.4% 4,951,900, % 4,196,100,000 IV-2

78 4,523,400, %4,095,100, % -0.9% -2.8% -5.7% 541,900,0007.4%501,800, % 568,100, ,600,0001.5% 181,900, ,300,0006.6% 190,000,0008.9% 173,000,000 6,900, % 259,800,000 IV-3

79 119,500,0000.8%120,400, % 154,900,000 45,300, %38,800, ,900,000494,800,000693,900, ,300,000457,200,000 1,015,600, ,000,000581,100,000588,700,000 12,400,00062,800,00013,100,000 18,400, ,900, ,000,000989,100,0001,054,900,000 1,558,500,0001,840,000,0001,954,400,000 2,095,000,000 1,230,000,000 1,280,000,000810,000,000630,000, ,000,000248,400,000296,500, ,300,000 IV-4

80 129%134% 144% 150% 4 4,4024,4094,1874, ,200,000463,400,000503,700, ,000,000 IV-5

81 1. 2. XV XV ,200, % 4,500, % 600, % 5,045,269,388 V-1

82 1 2 33,993, % 3 8,320, % 1. 1,282,211, %33,993,385 33,993,385 50% 33,993, % 3. 8,320, % XV XV V-2

83 336 1 % % % 2 2,135,074, J.P. Morgan Chase & Co ,828, ,850, ,173, Templeton Asset Management Ltd ,133, ,045,269, ,135,074, ,828,87233,916,33975,703,323 36,150343,173,060 12,850, ,133, V-3

84 3. (a) (b) V-4

85 (a) 600,000, (a) (b) Canon's Court, 22 Victoria Street, Hamilton HM12, Bermuda (c) V-5

86 (d) (a) (b) (c) 5 16 (d) (e) (f) (g) (h) (i) (j) V-6

87 BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED * % 2. Renault SAS 49% * N-1

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