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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . 北京 汽车 BAIC MOTOR 北京 汽車 股份有限公司 BAIC MOTOR CORPORATION LIMITED * ( A joint stock company incorporated in the People's Republic of China with limited liability ) ( Stock Code : 1958 ) ANNOUNCEMENT THE OPERATING RESULTS OF THE COMPANY FOR THE FIRST QUARTER ENDED MARCH 31 , 2021 This announcement is made pursuant to Rules 13.09 ( 2 ) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ( the “ Listing Rules ” ) and Inside Information Provisions ( as defined under the Listing Rules ) under Part XIVA of the Securities and Futures Ordinance ( Chapter 571 of the Laws of Hong Kong ) . Pursuant to the relevant laws and regulations of the People's Republic of China ( the “ PRC " ) , the operating results attached hereto are the unaudited operating results ( " the Operating Results for the first quarter " ) of BAIC Motor Corporation Limited ( the “ Company ” , and its subsidiaries , collectively the " “ Group ” ) for the three months ended March 31 , 2021 prepared in accordance with the Accounting Standards for Business Enterprises of the PRC , which have been publicly disclosed on the designated media and / or stock exchanges or otherwise in the PRC . In April 2020 , the Company purchased 100 % equity interest in BAIC International Development Co. , Ltd. ( " BAIC International " ) and 24.78 % equity interest in BAIC Yunnan Ruili Motor Co. , Ltd. ( “ BAIC Ruili ” ) from Beijing Automotive Group Co. , Ltd. ( “ BAIC Group ” , the controlling shareholder of the Company ) respectively . Given the Company , BAIC International and BAIC Ruili are under common control of BAIC Group before the business combination , the acquisitions are business combinations under common control , thus the Company applies the merger accounting principle in preparing the the Operating Results for the first quarter , and BAIC International and BAIC Ruili are deemed to have been included in the consolidated scope of the Company since they were under common control of BAIC Group together with the Company . The consolidated scope of the Operating Results for the first quarter of 2021 includes the balance sheets , income statement and cash flow statements of BAIC International and BAIC Ruili . Comparative figures of the income statement and cash flow statements as of March 31 , 2020 have also been restated following this principle . 1