Changan Automobile Finance Co., Ltd.

Changan Automobile Finance Co., Ltd. (formerly Chongqing Automobile Finance Co., Ltd., hereinafter referred to as the Company) was approved for establishment by the China Banking Regulatory Commission and commenced operations in August 2012, with an initial registered capital of RMB 500 million. To build China's automobile city, boost the strategic layout of the financial center in the upper reaches of the Yangtze River, and achieve a strong alliance between industrial advantages and financial license resources, in February 2015, under the joint promotion of the Chongqing Municipal Government and China Equipment Group Corporation, China Equipment Group Corporation, together with its subordinate member units, increased capital and reorganized the Company, raising the registered capital to RMB 2.5 billion. In December 2017, in order to strengthen industrial finance, enhance core capabilities, and improve operating efficiency, the Company increased its registered capital again by RMB 3 billion. The Company was established with contributions from China Equipment Group Corporation, Chongqing Changan Automobile Co., Ltd., Equipment Group Finance Co., Ltd., and Chongqing Yufu Asset Management Group Co., Ltd.