XXF Group Holdings Limited is an established automobile retailer providing automobile finance lease service primarily through our self-operated sales outlets in the PRC. Our Group’s principal businesses comprise: (i) automobile retail and finance, where we sell non-luxury automobiles mostly on direct finance lease; and (ii) automobile-related businesses, where we primarily offer automobile operating lease service and other automobile-related services. Our customers of automobile retail and finance business are mainly individuals in the PRC’s tier two, and tier three and below cities looking for non-luxury automobile models.Our customers of operating lease business are primarily individual customers looking for automobile rental service and e-hailing drivers looking to rent e-hailing vehicles. We have established an extensive sales network with sales outlets mainly located in tier two cities, and tier three and below cities throughout the PRC. As of October 20,2023, we operated 77 sales outlets across 25 provinces and municipalities in the PRC.