TuanChe Limited announced the appointment of Mr. Simon Li as chief financial officer, effective from June 15, 2023. Mr. Simon Li has extensive experience in investment and corporate finance. Prior to joining the Company, Mr. Simon Li served as a partner at Hongmenge (Beijing) Private Equity Management Co.

Ltd. from June 2020 to May 2023, leading its financing and investment portfolio management business lines. Prior to that, Mr. Li was the general manager of the capital market department of Chang'An NIO New Energy Automotive Technology Co. Ltd. (now AVATR Technology (Chongqing) Co.

Ltd.), a joint venture formed by Chang'An Auto and NIO. Mr. Li, as one of the founding partners, served as a managing director and the head of fund risk control at Ether Capital from April 2014 to August 2019. Mr. Li was an investment manager at Digital China from April 2012 to March 2014, and an associate manager in the transactions and restructuring department of KPMG Advisory (China) Limited from September 2009 to April 2012.

Mr. Li received a bachelor's degree in international economics and trade from Beijing University of Commerce and Industry in 2007 and a degree of master of science in the field of quantitative and applied statistics from the University of Pennsylvania. Mr. Li is currently pursuing an executive master's degree of business administration in Tsinghua University.