Yongda Bentley Store Officially Commences Operation

Friday, 10 May 2013, 15:40 HKT/SGT

HONG KONG, May 10, 2013 - (ACN Newswire) - On 10 May 2013, Yongda Auto's (3669.hk) Yongda Bentley Store, engaging in dealership of Bentley automobile, the world's top luxury auto brand, officially started operation, which marked Yongda Auto in full gear venturing into world's ultimate luxury auto market, strengthening its luxury and ultra-luxury auto brand portfolio, and to further enhance Yongda Auto's (3669.hk) overall competitive edge in China automobile dealer group.

Upon commencing operation, Yongda Bentley outlet will be the only authorized distributor of Bentley automobile in Shaoxing Region, China. Located at the intersection of Shengli East Road and Meilong Lake Road of Shaoxing, Yongda Bentley provides a full range of auto products of Bentley Continental GT, Continental GTC, Continental Flying Spur and Mulsanne, and provide diversified products and services including repair and maintenance, genuine parts, pro-owned vehicle replacement business, Bentley fashion boutique and globally synchronous customization services, which brings clients a special experience of interaction with world's ultimate luxury automobile brands, and also shows Yongda Auto's service commitment of "customer oriented" that the company has been adhering to for the past near two decades.

As a top luxury vehicle brand from U.K., Bentley was established by a British Mr. W.O. Bentley in 1919. It first entered into China's market in 2002 and underwent enormously rapid development in China during the recent 10 years, consistently bringing remarkable products to its Chinese consumers. Garnering customers praise and professional awards, Bentley China's sales amount has increased largely from 41 in 2002 to 2,253 in 2012, rising 50 times, which help firmly maintain its leadership position in China's luxury automobile market.

As one of the cities in China with extensive historic and cultural background, Shaoxing possesses a history of over 2500 years. Located at the converging point of Caoe River, Qiantang River and East China Sea, and being the transit hub linking Beijing and Shanghai at Northern side, Zhejiang, Fujian and Guangdong at Southern side, Shaoxing is one of the economic, cultural, commercial and finance centres in Zhaojing province, and stands out with strong geographic advantages. The establishment of Yongda Bentley Shaoxing not only will contribute to further promote the development of Shaoxing's modern services industry, but also provide extraordinary luxury experience to elite group in Shaoxing region.

As one of China's leading specialized auto dealer group, Yongda Auto (3669.hk) owns a competitive corporate brand, a large number of mid-to-high end customer base, stable 4S outlet network expand model, and has become one of China's largest luxury auto brands dealer group. Currently, the gross profit margin of Yongda Auto's (3669.hk) luxury brand sales is playing an important role in its overall business result, and is anticipated to boost the continuous profit growth. Meanwhile, the after-sales business with a higher profit margin is undergoing a robust development, which will inject tremendous impetus to the Company's further growth.