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TheStreet Open House

Lentuo International Announces Agreements Signed With Three Subsidiaries Of FAW Group

Stocks in this article: LAS

First Automobile Finance Co., Ltd. is a nonbanking financial institution that belongs to First AutoWork (FAW). It is dedicated to developing automobile financing business into a pillar segment of FAW. FAW Auto Finance Co., Ltd., a subsidiary of First Automobile Finance Co., Ltd., is a specialized auto financing company that was approved by China Banking Regulatory Committee. Saneguard Auto Insurance Co., Ltd. is an insurance company that mainly engages in auto insurance. Its establishment was initiated by First Automobile Finance Co. Ltd., approved by China Securities Regulatory Commission, and implemented jointly by auto manufacturers, dealers and insurance companies. Lentuo currently owns 2.25% of Saneguard Auto Insurance Co., Ltd.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For more information, please contact:

Ms. Jennifer ChenCFOLentuo International Inc.Email: chenjianping@lentuo.net

ChristensenMr. Christian Arnell Telephone: +86 10 5826 4939 in Beijing Email: carnell@christensenir.com

Ms. Linda BergkampPhone: +1-480-614-3004 ( U.S.A.)Email:  lbergkamp@christensenir.com

SOURCE Lentuo International Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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