At the 3rd 2008 Extraordinary General Meeting of Shareholders, held on 11 Nov 2008, the following proposals were examined and approved:

1. the 2008 Semi-annual Profit Distribution Scheme
The company plans to offer a cash dividend of RMB 1.80 (taxes included) for every 10 shares held, based upon 916,408,500 total shares outstanding.

2. to revise certain items in the Articles of Association
The company plans to enlarge its business scope by including special cars, financial services and general goods transportation business.

3. the Management Rules on Raised Funds
4. to provide a counter guarantee for Beijing Chenguang Changsheng Investment & Guaranty Co., Ltd.
5. to provide a guarantee on a line of credit for the Foton-Mercedes-Benz financial cooperation project

Board of Directors
11 Nov 2008


Source: Securities Stock Exchange

Date: 12 Nov 2008

CN01/CW/RL/JE/KM