Ankai Won Order of 300 Units New Energy City Buses

On June 29, 2015, Ankai signed a contract with Dalin Jiaoyun Group to deliver 300 units of new energy city buses. The value of the contract amounts to 52.2867 million RMB (exclusive of national subsidies of 250 thousand RMB per unit and local subsidies of 200 thousand RMB per unit).

Dalin Jiaoyun Group is one of the largest wholly state - owned passenger transport and logistics enterprises, with a total property of 0.87 billion. In 2012, Ankai make sales of 49.888 million RMB to Dalin Jiaoyun Group, taking 1.3% of the total sales in that year, those for 2013 and 2014 are 29.172 million RMB and 12.599 million RMB, taking 0.82% and 0.26% of the total annual sales respectively.