Yongda Auto Is Among the First Batch of Vehicle Parallel Import Pilot Companies in Shanghai Free Tax Zone

HONG KONG, Feb. 17, 2015 /PRNewswire/ -- Recently, Shanghai Pilot Free Trade Zone released the first batch of pilot companies of vehicle parallel import according to related policies and government statement. China Yongda Automobiles Services Holdings Limited ("Yongda Auto" or the "Company" and, together with its subsidiaries, the "Group") (Stock code: 03669.HK), as a leading passenger vehicle retailer and comprehensive service provider in China, is among the list approved by the Nation on vehicle parallel import.

Yongda is a leading company in China auto dealership and one of the groups with most authorized brands, comprehensive services and networks among the peers. The company has also taken the lead in forming a complete industrial chain of automobile sales and service industry of "drive learning, auto purchase, auto sale, auto rent, auto repair and trial run". The company agents dozens of premium auto brands, including Bentley, Porsche, Jaguar, Land Rover, BMW, Audi, Volvo, etc. With the professional service ability, strong company strength and excellent enterprise image, Yongda has gain widely recognition from all sectors of society and industrial experts, and also has been designated as "China Famous Trademark", "National Model Unit" and "Top 500 Enterprises of China".

Gaining the parallel import dealership is a business compliment for Yongda and will promote company's growth in earnings actively. Besides more attractive discounts on the premium cars, parallel import enables Yongda to provide more personalized car models for the clients. Yongda will uphold the company spirit of "Faith to Pursue Excellence" to provide qualified parallel import vehicle service to the consumers and strive to become a leading company in this area of Shanghai Free Tax Zone.

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