Trans-China Automotive Holdings Limited is a leading automobile dealership group with operations in the People’s Republic of China (“PRC”). Focused on the distribution of premium and ultra-premium automobiles under the BMW, McLaren and Lotus brands, the Group’s dealerships are located in key cities in the PRC namely, Foshan, Shenzhen, Guangzhou, Chongqing, Changsha and Wuhan. Its multiple business segments include the sale of new automobiles under its dealerships, sale of preowned automobiles that come from customer trade-ins, auction companies and other suppliers of used cars, provision of automobile agency services which are ancillary services such as automobile financing, insurance and car registration services, and provision of after-sales services which include repairs, maintenance and inspection of automobiles as well as the retailing of automobile parts and accessories.