About ZHENGTONGAUTO Company

China Zhengtong Auto Service Holdings Co., Ltd. (the “Company” or “Zhengtong Auto”, together with its subsidiaries, the “Group”) is a leading 4S dealership group in China under Xiamen International Trade Holding Group Co., Ltd. (“Guomao Holdings”, together with its subsidiaries collectively known as “China Trade Group”), dedicated to selling luxury and ultra-luxury brand cars, such as BMW, Benz, Porsche, Audi, Jaguar Land Rover, etc. The Group also operates distribution business for high-end brands such as FAW-Volkswagen, Buick, Dongfeng Nissan, FAW-Toyota, and Dongfeng Honda. The Group has carried out a forward-looking business network strategy layout in China's developed regions and rapidly developing economies, laying a solid foundation for the Group's rapid future growth. As of December 31, 2023, the Group has 109 operating outlets in 37 cities in 16 provinces and municipalities directly under the Central Government. It not only covers affluent first-tier developed cities and regions, but has also effectively expanded to second-tier and third-tier cities and regions with low automobile penetration rates but rapid growth. Throughout 2023, the Group will open 4 new distribution outlets, namely the Mercedes-Benz 4S Store in Longhua District, Shenzhen; the Yiwu Mercedes-Benz Maintenance Center; the Changcheng Haval 4S Store in Hohhot, Inner Mongolia; and the Beijing Yizhuang Great Wall Tank Weipai Co-Brand 4S Store, continuing to expand the dominant distribution of traditional luxury brands. With the original intention of building the “Smile Zhengtong” service brand, the Group has always been committed to providing customers with the best automobile sales and after-sales service. The Group provides customers with a full range of solutions for the purchase and use of automobiles, and implements a “customer-centered business philosophy” to promote long-term relationships between the Group and customers. The Group is also continuously strengthening the automotive aftermarket to provide customers with high-quality and efficient after-sales service. The supply chain logistics, insurance agency, financial leasing and other businesses operated by the Group also form a beneficial complement to the Group's automobile distribution and after-sales business.