China ZhengTong Auto Services Holdings Limited (or the "Group") is the leading 4S dealership group in China, committed to build a one-stop integrated automobile services platform. The Group's business mainly includes (i) sales of luxury and ultra-luxury branded automobiles, (ii) after-sales services, which include maintenance and repair services as well as sales of spare parts and accessories (iii) extended services, mainly include automobile financing, insurance brokerage, trading of pre-owned automobiles, e-commerce platform which are all high value-added businesses, (iv) supply chain business, consists of automobile logistics business and trading of auto maintenance supplies.