China Zenix Auto International Board Receives Restructuring Proposal

China Zenix Auto International

announced today that its board of directors has received a preliminary non-binding proposal for a business restructuring of the Company from Mr. Jianhui Lai, the chairman of the Company's board of directors and chief executive officer, and RichWise International Investment Group Limited and certain of its affiliated entities (together, the "Consortium Members").  According to the proposal letter, the proposed business restructuring would involve a reorganization of the shareholding structure of the Company concurrently with a number of other transactions which, if consummated, would result in a significant change in the Company's business focus, as described in the proposal letter. According to the proposal letter, the Consortium Members currently own in the aggregate approximately 75% of the Company's total outstanding ordinary shares. A copy of the proposal letter is attached hereto as Exhibit A. The Company's board of directors intends to convene a meeting to consider this proposal and any additional proposal that may be made by the Consortium Members, if any. There can be no