Meili Auto Holdings ^{Filed, US Offering, Removed, NYSE: ML.XXX}

We are a pioneer and leader in China’s used car financing market, focusing on facilitating loans from financial institutions to prime borrowers in used car transactions. We facilitated a total of 206,116 used car financing transactions in 2018, which ranked us among top three used car financing solution providers in China, according to the Frost & Sullivan Report. In the six months ended June 30, 2019, we facilitated 112,682 used car financing transactions with a transaction value of RMB7,886.7 million, representing a 43.1% increase from the transaction value in the six months ended June 30, 2018. Used car financing is a nascent and fast-growing market in China. According to the Frost & Sullivan Report, China’s used car financing market grew at a CAGR of 81.3% from RMB7.7 billion in 2013 to RMB150.2 billion in 2018. In the meantime, the used car financing market presents massive untapped potential for financial solution providers. As per capita disposable income rises in China, a massive number of prime borrowers have become capable of financing used car purchases on credit.