Baoxin Auto Group (HKG:1293) announced that the stabilization period in connection with its global offering came to an end on 6 January 2012.

The stabilizing actions undertaken by Morgan Stanley Asia Limited during the stabilization period were: over-allocations of an aggregate of 57 million shares in the international offering, representing 15% of the number of the offer shares initially available under the global offering before any exercise of the over-allotment option; the borrowing of an aggregate of 57 milion shares from Baoxin Investment Management Ltd. to cover over-allocations in the international offering; and successive market purchases of an aggregate of 57 million shares in the price range of HK$6.95 to HK$8.50 per share.