Brief Introduction of Beijing Penglong Automobile Service Trading Co., Ltd.

Beijing Penglong Automobile Service Trading Co., Ltd. was established in June 2007, and is now a wholly-owned subsidiary of Beijing Automotive Industry Holding Co., Ltd. At present, the company has 13 enterprises, with assets of136 million yuan and planned sales revenue of 4.92 billion yuan in 2009. By integrating the internal service trade resources of BAIC Holding Company, Penglong Company will carry out joint ventures and cooperation with influential and resource-rich enterprises at home and abroad, and make every effort to build core business sectors such as auto finance, auto brand franchise, auto rental, auto logistics, used car export trade, auto maintenance, property management and creative advertising, fully tap the integration advantages of these sectors, realize industrial chain docking and linkage, and take the road of internationalization, scale, specialization and intensification to build the domestic market.

Beijing Penglong Automobile Service Trading Co., Ltd. focuses on the development of Beijing automobile manufacturing industry, gives full play to the advantages of the group, and builds a service trade platform with automobile finance, brand franchise, automobile rental, automobile logistics, used cars, automobile auction, automobile parts export trade, automobile maintenance, property management, IT and advertising as its core. Through cooperation with domestic and foreign automobile service trade enterprises with advantages, we will accelerate the extension and integration of the service trade industrial chain and promote the specialization, branding and chaining of automobile trade.

Main subordinate units of Beijing Penglong: Beijing Automobile Industry Supply and Marketing Company, Beijing Automobile Industry Import and Export Corporation, Beijing Xinghui Flagship Automobile Sales and Service Center, Beijing Penglong Xinghui Automobile Sales and Service Co., Ltd., Beijing Pengao Trading Co., Ltd., Beijing Yanshenglong Automobile Trading Co., Ltd., Beijing Tongshun Logistics Co., Ltd., Zhongdu Logistics Co., Ltd., Beijing Peng Sheng Property Management Co., Ltd., Beijing BAIC Zhongyun Automobile Trading Co., Ltd., Beijing Peng Hao Jiye Technology Development Co., Ltd. and Shanghai Qi Jing Industry and Trade Co..