Guangzhou Automobile Group Co Ltd Announces Sale Of 50% Equity Interest In Gac Mitsubishi To Mitsubishi Motors Corporation And Mitsubishi Corporation

Guangzhou Automobile Group Co Ltd announced that the Company, Mitsubishi Motors Corporation and Mitsubishi Corporation officially signed the Equity Transfer Agreement on September 5, 2012, pursuant to which, Mitsubishi Motors Corporation and Mitsubishi Corporation collectively acquired 50% equity interest in GAC Mitsubishi. Upon the completion of such transfer of equity, the Company, Mitsubishi Motors Corporation and Mitsubishi Corporation will hold 50%, 33% and 17% equity interest in GAC Mitsubishi respectively.