CAR : INFORMATION REGARDING US$ AND CNY SENIOR NOTES

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CAR Inc.

ग़ψॡԓϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 0699)

US$372,333,000 8.875% SENIOR NOTES DUE 2022

(Notes stock code: 6017)

CNY750,000,000 6.5% SENIOR NOTES DUE 2021

(Notes stock code: 85735)

INFORMATION REGARDING US$ AND CNY SENIOR NOTES

Reference is made to (i) the announcement dated 13 November 2020 jointly issued by the Offeror and the Company in relation to, among other things, the pre-conditional voluntary general cash offers by the Financial Advisers on behalf of the Offeror to acquire all of the outstanding Shares in the issued share capital of the Company held by the Qualifying Shareholders and to cancel all of the outstanding Options; (ii) the composite document dated 1 February 2021 jointly issued by the Offeror and the Company in relation to the conditional voluntary general cash offers by the Financial Advisers on behalf of the Offeror to acquire all of the issued Shares of the Company held by Qualifying Shareholders and to cancel all of the outstanding Options of the Company (the "Composite Document"); (iii) the announcement dated 18 February 2021 jointly issued by the Offeror and the Company in relation to the Offers having become unconditional in all respects; and (iv) the announcement dated 4 March 2021 jointly issued by the Offeror and the Company in relation to close of the Offers and results of the Offers (the "Close of Offer Announcement").

Unless otherwise stated, capitalized terms used herein shall have the same meanings as those defined in the Composite Document.

The Board would like to inform the holders of the US$372,333,000 8.875% senior notes due 2022 (Notes stock code: 6017) (the "US$ Senior Notes") and CNY750,000,000 6.5% senior notes due 2021 (Notes stock code: 85735) (the "CNY Senior Notes") issued by the Company that the application for withdrawal of listing as noted in the Close of Offer Announcement will only be related to the Shares and will not be extended to US$ Senior Notes and CNY Senior Notes. The CNY Senior Notes will continue to be listed and traded on the Stock Exchange in accordance with their terms of listing until their maturity on 4 April 2021. The US$ Senior Notes will continue to be listed and traded on the Stock Exchange in accordance with their terms of listing until theirmaturity on 10 May 2022, notwithstanding the withdrawal of the listing of the Shares from the Stock Exchange pursuant to Rule 6.15 of the Listing Rules.

By order of the Board

CAR Inc. Yifan Song

Executive Director

Hong Kong, 10 March 2021

As at the date of this announcement, the Board of Directors comprises Ms. Yifan Song as Executive Director; Mr. Hongfei Yu, Mr. Xuan Yan, Mr. Stephen Le Ee Boon, Mr. Jun Xu and Ms. Shengping Yu as Non-executive Directors; and Mr. Sam Hanhui Sun, Mr. Wei Ding and Mr.

Li Zhang as Independent Non-executive Directors.