Zhongsheng Group Debuts on 2011 Forbes Asia's FAB 50

HONG KONG, Sept. 19, 2011 /PRNewswire-Asia/ -- Zhongsheng Group Holdings Limited ("ZhongshengGroup" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 881.HK), a leading national automobile dealership group in China, is pleased to announce that the Group was selected by Forbes as this year's The 50 BEST Publicly Traded Companies in Asia-Pacific ("FAB50"). There are 23 Chinese companies on the list, and Zhongsheng Group is a newcomer to the list and the only automobile dealership enterprise in Asia region to make the cut. The selection criteria of Forbes are conscientious and stringent. The FAB50 are selected among 1,073 Asian publicly traded companies with at least USD3 billion in revenue or market capital, and five-year track records for revenue, operating earnings, return on capital, recent results, share-price movements and finally the growth out-look.  

Co-founder and Chairman of Zhongsheng Group, Mr. HUANG Yi together with Co-founder and Vice-chairman Mr. LI Guoqiang said, "We are very honored to be one of the winners in this year's Forbes Asia's FAB50. This is a proof to our financial performance, business model and future prospects and will thus strengthen our leading position in the automobile dealership industry in China. This will not only enhance our company reputation and market presence, but also help investors to better assess our future growth potential. On behalf of the Group, I would like to present my sincere gratitude to our staff, as well as the support from our business partners and investors. Benefited from the increasing demand for luxury and mid-to-high end passenger vehicles in China, we will continue to expand our dealership network through organic growth as well as strategic acquisitions. Meanwhile, we will further promote our mission of "Zhongsheng Group - Lifetime Partner", upgrade our service quality and profitability of each dealership, thus strengthening our leadership position" 

For details of the article in Forbes Asia, please visit the following website link: http://www.forbes.com/lists/2011/37/fab-50-11_Zhongsheng-Group-Holdings_P2HS.html

About Zhongsheng Group Holdings Limited

Zhongsheng Group was listed on the Main Board of the Hong Kong Stock Exchange on 26 March 2010. Zhongsheng Group is one of the leading national automobile dealership groups in China. The Group owns a comprehensive 4S dealership network nationwide, covering affluent cities and regions of China. Zhongsheng Group's brand portfolio now covers international luxury and mid-to-high-end automobile brands, including luxury automobile brands such as Mercedes-Benz, Lexus, Porsche, Audi, Lamborghini and imported Volkswagen, as well as mid-to-high-end automobile brands such as Toyota, Nissan, Honda, etc. The Group was the first company being granted dealership rights by Toyota and one of the first authorized dealerships for Lexus and Audi in China. The Group strives to develop "one-stop automobile shop" business model. In addition to new automobile sales business in its 4S dealerships, the Group's after-sales businesses offer spare parts, automobile accessories, repair and maintenance services, detailing services and other automobile-related products and services.

For more information, please visit: http://www.zs-group.com.cn

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