Exhibit 7.03
July 18, 2014
The Board of Directors
China Zenix Auto International Limited
No. 1608, North Circle Road State Highway
Zhangzhou, Fujian Province 363000
People’s Republic of China
Dear Members of the Board of Directors,
Reference is made to the letter that we submitted to you on November 23, 2013 (the “2013 Letter”) regarding our preliminary non-binding proposal (the“Proposal”) for a business restructuring of China Zenix Auto International Limited (the“Company”). Capitalized terms used but not defined in this letter shall have the meanings ascribed to them in the 2013 Letter.
In light of the changes in the market conditions in the past seven months and the absence of a clear path for the parties to complete the proposed business restructuring in the near future, we are writing to inform you that the Proposal is hereby withdrawn. We intend to promptly file an amendment to our joint Schedule 13D to disclose this decision.
| Sincerely, | ||
| JIANHUI LAI | ||
| By: | /s/ JIANHUI LAI | |
| Date: | July 18, 2014 | |
RICHWISE INTERNATIONAL INVESTMENT GROUP LIMITED
| By: | /s/ Jinlei Shi | |
| Title: | Director | |
| Date: | July 18, 2014 | |
