CAR Completes 2017 Corporate Bond (Phase One) Issuance, CICC Acts as Sole Underwriter, Bookrunner and Bond Trustee

CAR Inc. (“CAR” or the “Company” or the “Issuer”) successfully completed its 2017 corporate bond (phase one) issuance on April 26, 2017. CICC acted as Sole Underwriter, Bookrunner and Bond Trustee in this transaction.

CAR is a leading auto mobility provider in China. The transaction is the first panda bond issuance offered to qualified investors in the exchange market of the PRC by an issuer at AA+ credit rating. It is also the first panda bond issuance offered to qualified investors in the exchange market of the PRC by an issuer of a non-traditional sector. The issuance strengthens CICC’s leading position on the Panda Bond product and further promotes the industrial diversification of CICC’s client base, which has been developing to emerging industries represented by car rental and other “Sharing Economy” industries, showing CICC’s capabilities and wishes of serving real economy with capital market.