We are a mature financial leasing company in China, mainly engaged in automobile financial leasing business. We mainly provide customers with customized automobile financial leasing services. We are headquartered in Shanghai and have five branches in China, located in Jiangsu, Shandong, Guizhou, Jiangxi and Shanghai. We provide financial leasing of machinery and equipment to a number of corporate clients. Given the growth potential of our auto finance leasing market, we have strategically invested more resources to develop the auto finance leasing business. We did not enter into any new machinery and equipment financial lease agreements other than the elevator financial lease agreement with Xinyou during the previous performance recording period, although we continued to collect lease receivables based on the machinery and equipment financial lease agreements concluded prior to the track record period. We are unique in our ability to provide customers with flexible and convenient financial leasing solutions that meet their needs. We are committed to providing car finance leasing to small and medium-sized enterprises and individuals. Our clients cover more than five provinces, municipalities and autonomous regions. Since the end of 2017, we have diversified our customer base by providing inventory finance leases to car dealers for internationally renowned luxury cars. We believe that our rapid development and market voice is due in large part to our experienced employees who can provide customized advice to our clients, our prudent risk management and internal control procedures. Looking ahead, we are committed to becoming the leading financial leasing company in China, focusing on automobile financial leasing and expanding the financial leasing portfolio to achieve deeper market penetration within the existing business network.
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