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
Lentuo International Announces Agreements Signed With Three Subsidiaries Of FAW Group
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