Expands SEA Markets

Highlights its Technological Edge in New Energy Vehicles

HONGKONG SAR - Media OutReach - 11 December 2020 - ChinaDynamics (Holdings) Limited (the "Company"; (Stock Code: 476), together with itssubsidiaries, collectively "China Dynamics" or the "Group"), aprovider of new energy vehicles and technology integrated solutions,today launched its electric buses in Davao, the Philippines' third largestcity, marking the official use of the electric buses that it delivered earlier,as well as the expansion of the Group's sales network in Southeast Asia and theimplementation of its internationalization strategy. The Group also launched its electricbuses in Pasay City in Metro Manila at the beginning of this month.

Leveraging the China Dynamics' advanced cloud-based software, the electric buses will be able to deliver efficient, reliable and comfortable transport service to the public in Davao, the Philippines.

Davao City Mayor Ms. Sara Z. Duterte, Mr. Rodger Velasco,President of Davao Light and Power, Mr. Freddie Tinga, President of GlobalElectric Transport ("GET Philippines"), the first electric bus operator in the Philippines,and Mr. Miguel Valldecabres Polop, CEO of China Dynamics, attended the launch ceremonyand witnessed how China Dynamics pioneered public transportation in Davao withits electric buses that are tailor-made for the Philippine market, thus protectingthe environment and helping improve traffic in the city.

The electric bus, running on fast-charging lithium ionbatteries, is equipped with full air-conditioning and a retractable ramp thathas been specially designed to meet the needs of persons with disabilities andthe elderly. Leveraging the Group's advanced cloud-based software, whichmonitors the vehicle's diagnostics to determine potential maintenance issue,thus significantly improving the vehicle safety and performance, the electricbus will be able to deliver efficient, reliable and comfortable transportservice to the public.

Mr.Miguel Valldecabres Polop, CEO of China Dynamics, said, "Thecomprehensive development blueprint formulated by the Philippine Governmentwill present enormous opportunities to the new energy vehicles market. Giventhis, along with the rapid growth of our electric bus and electric vehiclesbusiness in other Southeast Asian countries, the Group is expected to obtainmore orders for electric buses accordingly. We are accelerating the pace of theGroup's sales in other ASEAN countries in a bid to take our business to thenext level."

Mr. Cheung Ngan, Chairman of China Dynamics,said, "Development of green transportation has become a global focus. ChinaDynamics will ride on the global trend in the continuing development of newenergy industry and will respond to the needs of the international community bydrawing on our technological advantages in new energy vehicles. We will alsocapture opportunities arising from the environmental protection market to furtherexpand our business to overseas markets. After the launch of the first electricaccessible minibus in Hong Kong and the introduction of our electric buses inthe Philippines, we will soon deliver 12-metre complete chassis for electricbuses to Latin America and logistics vehicles to Europe, thus fulfilling theGroup's commitment to contributing to environmental protection and to society."

About China Dynamics (Holdings) Limited (Stock Code: 476)

ChinaDynamics (Holdings) Limited is a pioneer and practitioner in the field of newenergy commercial vehicles in China and a whole vehicle manufacturer ofspecialty passenger vehicles and new energy passenger vehicles. It is anintegrated driving and logistics solutions provider, with a solid technologicalfoundation in areas including new energy platform power system and its keycomponents, light structural design, fuel cell system integration technologyand intelligent network technology. The Group has two production bases inChongqing, one in Wulong and the other in Qijiang. Moreover, the Group willactively develop the Hong Kong and overseas bus markets. It has differentmodels of new energy commercial vehicles launched to the market for sale aspermitted and announced by the Ministry of Industry and Information Technology.