Baic Motor Investment To Exit Entire Equity Interest In BHAF

Oct 21 (Reuters) - BAIC Motor Corp Ltd 1958.HK:

• INVESTMENT TO EXIT ENTIRE EQUITY INTEREST IN BHAF

• INVESTMENT TO EXIT 33% EQUITY IN BHAF FOR RMB2,207.70 MILLION

• BEIJING HYUNDAI TO EXIT 14% EQUITY IN BHAF FOR RMB936.60 MILLION

• EXPECTS TO RECOGNIZE UNAUDITED NET GAIN BEFORE TAXATION AND AFTER TRANSACTION COSTS AND EXPENSES ON EXIT

• NET PROFIT AFTER TAXATION ATTRIBUTABLE IS EXPECTED TO BE RMB14.23 MILLION FROM EXIT

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