SAIC Motor's Unit To Participate In Restructuring Of SAIC Hongyan

SAIC Motor Corp Ltd 600104:

• SAYS UNIT SHANGHAI NEW POWER AUTOMOTIVE TECHNOLOGY AND CO'S CONTROLLING SHAREHOLDER PLAN TO FORM CONSORTIUM WITH PARTNERS TO PARTICIPATE IN RESTRUCTURING OF SAIC HONGYAN

• SAYS CONSORTIUM PLANS TOTAL INVESTMENT OF 3 BILLION YUAN ($421.38 million), OF WHICH SHANGHAI NEW POWER PLANS TO INVEST 666.4 MILLION YUAN

($1 = 7.1194 Chinese yuan renminbi)