China ZhengTong Auto Services Holdings Limited (the “Company” or “ZhengTong” or “ZhengTong Auto”, and together with its subsidiaries, the “Group”) is a leading 4S dealership group in China under Xiamen ITG Holding Group Company Limited (“ITG Holding Group”). The company currently distributes a range of mid-to-high-end brands including Porsche, Mercedes-Benz, BMW, Audi, Jaguar Land Rover, Cadillac, FAW-Volkswagen, Buick, Dongfeng Nissan, FAW-Toyota, as well as independent brands, such as Hongqi, GWM Haval and Great Wall- Tank-Wei.

　　The Group established connections with a number of new energy OEMs, especially focusing on continuous deployment in the after-sales sector, which requires lower investment and offers relatively stable returns. In 2024, the Group opened 2 new energy after-sales services outlets, including a Tesla authorized body and paint centre in Guangzhou and a NIO after-sales service outlet in Shanghai, and had 5 authorized and under-construction dealership outlets, including 1 Land Rover 4S store, 1 AITO 4S store, 2 Chery iCAR 4S stores and 1 JETOUR 4S store.

　　The Group has forward-looking strategically deployed its operating network across developed regions and rapidly growing economic provinces in China, laying a solid foundation for the Group's rapid growth in the future. As at 31 December 2024, the Group operate 93 outlets in 36 cities cross 15 provinces and municipalities directly under the central of government. This network not only covers affluent first-tier developed cities and regions, but also effectively extends to second- and third-tier cities and regions with low but fast-growing automobile penetration.

　　With the vision of "becoming a leading comprehensive service provider in the automotive ecosystem", the Group has been dedicated to providing customers with superior automobile sales and after-sales services. The Group provides comprehensive solutions for the purchase and use of new and pre-owned automobile and adopts a customer-centric business philosophy that fosters long-term relationships with customers. The Group continuously strengthens the automotive aftermarket, delivering high-quality and efficient after-sales services to customers. The Group's operations in supply chain logistics and insurance agency serve as beneficial complements to its automobile distribution and after-sales services.

　　Development milestones of Zhengtong:

　　In 1999, the first 4S dealership of Zhengtong Auto opened in Shanghai.

　　In 2002, to further strengthen close cooperation with automakers and support the automotive distribution business, Zhengtong Auto established a logistics service business.

　　In 2003, the first luxury brand 4S dealership of Zhengtong Auto opened in Wuhan, Hubei.

　　In 2008, to seize the opportunities brought by the growing market demand and enhance our after-sales services, the company established a lubricant trade business.

　　On December 10, 2010, Zhengtong Auto successfully listed on the Hong Kong main board market, becoming the first luxury car dealership group to be listed in Hong Kong.

　　In August 2011, the company acquired SCAS Investment Group Co., Ltd., further optimizing the company's brand structure and network layout and significantly expanding the company's business scale.

　　In 2013, the company established Dingze Insurance Agency Co., Ltd., achieving a breakthrough in the insurance business.

　　From 2013 to 2015, the company was listed on the "Forbes Asia Pacific Best Listed Companies Top 50" ("Fab50") for three consecutive years.

　　In 2019, the company ranked 13th on the Top 100 Automotive Dealer Groups list with a revenue of RMB35.1 billion. On August 31, 2021, ITG Holding became the single largest shareholder of Zhengtong Group, ushering in a new journey.

　　In 2022, the Group opened a new Porsche Center in Dalian, Liaoning Province, bringing the total number of Porsche outlets to six. This further strengthened the relationship with Porsche and improved profitability.

　　In 2023, the Group opened new Mercedes-Benz 4S dealerships and authorized repair centers in Shenzhen and Yiwu, continuing to expand its advantageous layout in traditional luxury brands. Simultaneously, the Group actively focused on the rapid rise of independent brands, opening Tank WEY (Great Wall) and Haval (Great Wall) 4S dealerships in Beijing and Hohhot, respectively, and obtaining the authorization of the Shanghai NIO repair center to explore new growth points.

　　In 2024, Zhengtong Auto continued to optimize its existing network layout, with the launch of the Guangzhou Tesla-Approved Body Shop and the Shanghai NIO Certified After-Sales Service Center. Additionally, the Wuhan Land Rover 4S dealership is progressing steadily. The projects of Land Rover 4S store in Wuhan also making steady progress. During the same period, Zhengtong ranked 18th on the list of Top 100 Chinese Auto Dealers, up 4 places from last year, and was successfully selected for the 2024 Top 100 Social Responsibility List of China's Auto Circulation Industry.

　　Adhering to the customer-centered service philosophy, the Group is committed to providing customers with comprehensive premium services and ultimate automotive lifestyle experiences, aiming to become a leading integrated service provider in the automotive ecosystem and further build a world-class automotive service brand.

　　About Xiamen ITG Holding Group Co., Ltd.

　　Xiamen ITG Holding Group Co., Ltd. (“ITG Holding”) is a state-owned enterprise group that belongs to Xiamen City. It has earned distinction in numerous rankings both domestically and internationally: Fortune 500 companies, World’s 500 Most Influential Brands, Asia’s 500 Most Influential Brands, National Excellent Collectives in Poverty Alleviation, National Contract-Abiding and Trustworthy Enterprises, Model Enterprises in China for Internal Audits, Top 100 Chinese Excellent Units in Enterprise Education, Top 100 Enterprises in Fujian Province, Culturally and Morally Outstanding Units in Fujian Province, Model Enterprises for Integrity in Xiamen City, and Model Units for Corporate Culture in Xiamen City. The Group has also been listed among the Top 500 Chinese Enterprises, Top 500 Chinese Enterprises in the Service Sector, and Top 500 Chinese Foreign Trade Enterprises for several years. In 2024, it was listed as a Fortune 500 company for the eighth time. The Group’s operation is primarily concentrated in five areas: supply chain, advanced manufacturing, urban construction and operation, consumption and health, and financial services. The company’s wholly-owned enterprises and share-holding enterprises include Xiamen ITG Group Corp., Ltd. (listed), Xiamen Xindeco Limited (listed), Xiamen CCRE Group Limited (with a listed subsidiary, XGMA), Xiamen ITG Real Estate Co., Ltd., Xiamen ITG Capital Group Co., Ltd., Zhonghong Pulin Group Co., Ltd. (with a listed subsidiary, Zhonghong Pulin Medical Product), and China ZhengTong Auto Services Holdings Limited (listed). Committed to “leading competitive industries and a better life”, the Group strongly adheres to its core values: leadership, responsibility, hardworking and partnership. As a pioneer of innovative culture, the Group devotes itself to “becoming a world-class enterprise leading competitive industries and a better life”.

　　The automotive segment of ITG Holdings Group operates nearly 150 automotive 4S stores and new energy experience centers and other operating outlets in 16 provinces and municipalities directly under the central of government, distributing more than 30 luxury and mid-to-high-end automotive brands including Porsche, Maserati, BMW, Mercedes-Benz, Audi, etc. The business scope covers branded 4S distribution, new energy automotive services, used car distribution and export, and automotive after-market services. It is a leading automotive dealer in China.