Xinfengtai Group Holdings Limited (the “Company”) was incorporated as an exempted limited company in the Cayman Islands under the Cayman Islands Companies Act on January 13, 2011. The Company's registered office address is Grand Pavilion, Hibiscus Way, 802 West Bay Road, P.O.Box 31119, KY1-1205, Cayman Islands. The Company was listed on the main board of the Hong Kong Stock Exchange Limited (the “Stock Exchange”) on May 15, 2014. The Company is an investment holding company. The Company and its subsidiaries (collectively referred to as the “Group”) are mainly engaged in automobile sales and service in mainland China. The Company's directors (“Directors”) believe that the Company's ultimate holding company is Golden Speed Enterprises Limited incorporated in the British Virgin Islands (“British Virgin Islands”).