China ZhengTong Auto Services Holdings Limited is a 4S dealership company in China focused on brands, such as BMW, MINI and Audi. It provides sales of new automobiles, after-sales services and automobile agency services. The Company operates in three segments: 4S dealership business, logistics business and lubricant oil business. The 4S dealership business mainly includes sales of motor vehicles, motor spare parts and provision of maintenance services through its network of 4S dealerships in the People鈥檚 Republic of China. The Logistics business mainly includes provision of motor-related logistics services. The Company鈥檚 Lubricant oil business mainly includes trading of lubricant oil. On June 29, 2010, the Company acquired a 30% interest in Guangzhou Fengshen Logistics Co., Ltd. (Guangzhou Fengshen), thereby acquiring 50% interest. As of June 30, 2010, the Company operated 22 dealership stores.

China ZhengTong Auto Services Holdings Limited is a 4S dealership company in China focused on brands, such as BMW, MINI and Audi. It provides sales of new automobiles, after-sales services and automobile agency services. The Company operates in three segments: 4S dealership business, logistics business and lubricant oil business. The 4S dealership business mainly includes sales of motor vehicles, motor spare parts and provision of maintenance services through its network of 4S dealerships in the People’s Republic of China. The Logistics business mainly includes provision of motor-related logistics services. The Company’s Lubricant oil business mainly includes trading of lubricant oil. On June 29, 2010, the Company acquired a 30% interest in Guangzhou Fengshen Logistics Co., Ltd. (Guangzhou Fengshen), thereby acquiring 50% interest. As of June 30, 2010, the Company operated 22 dealership stores.