Lentuo International Inc. has signed a general framework agreement with First Automobile Finance Co., Ltd. (FAF). Under this agreement, FAF and Lentuo will share resources and cooperate in providing customer financing, auto insurance as well as other financial services. The company also signed two comprehensive cooperation agreements with FAW Auto Finance Co., Ltd. (FAW-AF), a wholly owned subsidiary of FAF, and Saneguard Auto Insurance Co., Ltd. (Sanegard), a subsidiary of FAF.

These agreements cover a range of services which will enable Lentuo to expand its service offering, improve its competitive position and strengthen its brand. Lentuo is the first automobile retailer in China to sign such an agreement with FAW-AF. FAW-AF will help finance Lentuo's 4S dealership network expansion in China.

FAW-AF will also provide corporate credit to support Lentuo's vehicle purchasing and consumer credit and lease financing to Lentuo's customers. Sanegard and Lentuo will cooperate in offering auto insurance, auto warranties and extended warranties to Lentuo's customers. Sanegard will provide Lentuo with highly professional insurance services on underwriting, claims payment and processing, and risk control.