2 3 8 22 30 31 32 33 35 36 38 77

% 2,452 1,983 24% 2,969 2,307 29% 1,103 974 13% (2) 45.0% 49.1% -4.1pp (4) 1,062 407 161% EBITDA (1) 1,556 1,219 28% EBITDA (2) 63.5% 61.5% 2.0pp (1) 472 422 12% (2) 19.2% 21.3% -2.1pp 0.444 0.172 158% (3) 784 (3,762) (1) EBITDA 3 (2) (3) 3 (4) 3 2016 2

24% 2,452.2 1,061.8 826.7 115.8 EBITDA 64% 19% B2C 99,727 91,179 87,585 83,168 11,203 49,346 54,797 58,789 56,759 56,141 62,725 14,562 20,960 22,879 22,252 22,031 20,899 5,159 4,889 4,755 4,157 4,055 3,961 69,067 80,646 86,423 83,168 82,227 87,585 2,352 2,685 5,565 6,837 5,800 11,203 1,575 1,388 1,216 1,174 826 939 72,994 84,719 93,204 91,179 88,853 99,727 3 2016

16% 1,703.7 17% 64% 11 50% 15 69% 12 93 764 272 492 187 237 172 64.1% 19,447 10,000 58 369 7.42 826.7 2016 4

B2C B2C 8,077 99.0% B2C 6 14 14 B2C 2,100 47.8 15.3 70% B2C 105 105 B2B B2C B2C 5 2016

C2C C2C C2C i B2C ii) iii) i) C2C ii) 600,000 2016 6

29.4% 7 2016

1. 1,703,653 1,469,224 16.0% 722,434 458,989 57.4% 5,160 20,220-74.5% 20,944 34,333-39.0% 2,452,191 1,982,766 23.7% (1) 47,108 55,115 47,099 47,117 53,949 55,186 55,719 54,511 (2) 275 268 275 276 271 261 271 265 (3) (%) 63.9% 64.1% 63.7% 64.1% 64.5% 60.1% 64.2% 64.1% (4) 176 172 175 177 175 157 174 170 (1) (2) (3) (4) 2016 8

1,982.8 23.7% 2,452.2 1,469.2 16.0% 1,703.7 17.0% 172 64.1% 2.5% (i) (ii) (iii) 459.0 57.4% 722.4 20,899 19,447 20.2 74.5% 5.2 20.9 34.3 9 2016

603,126 24.6% 404,408 20.4% 201,280 8.2% 190,466 9.6% 87,496 3.6% 72,349 3.7% 110,384 4.5% 100,067 5.0% 132,806 5.4% 63,677 3.2% 33,829 1.4% 38,475 1.9% 185,658 7.5% 138,589 7.0% 751,453 30.6% 603,623 30.4% 1,354,579 55.2% 1,008,031 50.8% 20.4% 24.6% (i) (ii) B2C B2C 15.3 30.6% 30.4% (i) (ii) (iii) B2C 21.4 2016 10

516,604 324,566 511,269 325,547 99.0% 100.3% 8,077 5,014 702 913 8,077 5,014 8,077 5,014 2,100 B2C 11,203 (i) B2C (ii) (iii) 99.0% 100.3% 11 2016

1,097,612 974,735 44.8% 49.2% 5,335 (981) 1.0% (0.3%) 1,102,947 973,754 45.0% 49.1% 974.7 12.6% 1,097.6 45.0% (i) (ii) B2C 16,041 0.7% 9,301 0.5% 21,817 0.9% 20,310 1.0% 1,197 0.0% 640 0.1% 5,875 0.2% 6,817 0.3% 44,930 1.8% 37,068 1.9% 37.1 21.2% 44.9 B2C 9.1 11.5 2016 12

121,882 5.0% 79,246 4.0% 31,730 1.3% 27,505 1.4% 11,043 0.5% 10,847 0.5% 69,826 2.8% 53,236 2.7% 66,602 2.7% 40,163 2.0% 301,083 12.3% 210,997 10.6% 211.0 42.7% 301.1 10.6% 12.3% (i) IT (ii) (iii) B2C 5.9 9,554 15,482 (115,792) 4,547 (3,244) 34,315 12,300 826,687 (28) (46) 4,209 (3,165) 733,686 51,133 13 2016

733.7 51.1 15(b) (c) 250.1 12.4% 281.2 526.7 129.9% 1,211.0 119.5 149.2 1,061.8 407.2 422.5 11.6% 471.6 21.3% 19.2% EBITDA EBITDA 1,219.3 27.6% 1,556.2 EBITDA 61.5% 63.5% 2016 14

2. 18,553.9 16,342.4 10,567.2 9,243.1 7,986.7 7,099.3 3,400.0 1,987.9 1.3 53.1 3,401.3 2,041.0 2,407.4 1,154.4 2,047.7 2,168.7 5,313.7 5,190.6 9,768.8 8,513.7 6,367.5 6,472.7 EBITDA (1) 3.2x 3.2x EBITDA (1) 2.1x 2.4x (1) EBITDA 3,400.0 1.3 116.2 239.4 119.0 475.9 90 15 2016

1,263.4 237.3 (i) (ii) (iii) 2,407,447 1,154,411 2,047,692 2,168,714 5,313,739 5,190,607 9,768,878 8,513,732 3,400,038 1,987,878 1,300 53,129 3,401,338 2,041,007 6,367,540 6,472,725 18,553,885 16,342,415 34% 40% 2016 16

3,415,429 2,472,890 6,353,449 6,040,842 9,768,878 8,513,732 3,070,617 1,496,585 329,421 491,293 3,400,038 1,987,878 9 19 21 17 2016

9,768.8 8,513.7 6,472.7 6,367.5 2,407.4 24.6% 790.1 20 AA+ 6,691 KPI KPI 2016 18

3,762.4 784.2 239,507,709 10% 38,689,000 1.63% 292.0 62,680,000 2.68% 475.5 3. A. 1,061,821 407,244 71,146 54,087 (826,687) (1,538) 119,036 (38,862) B2C 47,821 471,599 422,469 19.2% 21.3% 19 2016

B. EBITDA EBITDA 1,210,976 526,744 281,182 250,078 (9,554) (15,482) 603,126 404,408 30,988 15,891 5,259 5,053 807 445 23,650 16,915 EBITDA 2,146,434 1,204,052 EBITDA 87.5% 60.7% EBITDA EBITDA 2,146,434 1,204,052 71,146 54,087 (826,687) (1,538) 119,036 (38,862) B2C 47,821 EBITDA 1,556,212 1,219,277 EBITDA 63.5% 61.5% C. 1,021,453 (3,613,991) (235,605) (84,118) 43 9 (57,809) (1,649) (6,455) (237,211) (148,373) 784,242 (3,762,364) 2016 20

EBITDA B2C B2C 39 B2C EBITDA 21 2016

(a) 571 XV 7 8 (b) 352 (c) * (1) 698,119,855 29.45% (2) 310,000 0.01% (1) Haode Group Inc. 307,501,775 Haode Group Inc. Lucky Milestone Limited Lucky Milestone Limited Cititrust Private Trust (Cayman) Limited Sky Sleek Limited 53,723,770 Sky Sleek Limited 327,649,310 9,245,000 (2) 310,000 2016 22

* (3) 2,889,240 0.12% (3) 2,889,240 * 23 2016

XV 336 * (1)(2) 698,119,855 29.45% (3) 563,583,025 23.77% (3) 563,583,025 23.77% Grand Union Investment Fund, L.P. (3) 562,668,025 23.73% Infinity Wealth Limited (3) 562,668,025 23.73% Cititrust Private Trust (Cayman) Limited (2) 307,501,775 12.97% Lucky Milestone Limited (2) 307,501,775 12.97% Haode Group Inc. (2) 307,501,775 12.97% Amber Gem Holdings Limited (4) 262,471,340 11.07% Warburg Pincus & Co. (4) 262,471,340 11.07% Warburg Pincus Private Equity XI, L.P. (4) 262,471,340 11.07% Warburg Pincus XI, L.P. (4) 262,471,340 11.07% WP Global LLC (4) 262,471,340 11.07% WP XI Equity Ltd (4) 262,471,340 11.07% 698,119,855 29.45% (5) 125,400,000 5.29% (5) 125,400,000 5.29% 2016 24

(1) Sky Sleek Limited Sky Sleek Limited 53,723,770 336,894,310 (2) Haode Group Inc. Lucky Milestone Limited Lucky Milestone Limited Cititrust Private Trust (Cayman) Limited Lucky Milestone Limited Cititrust Private Trust (Cayman) Limited Haode Group Inc. 307,501,775 (3) Grand Union Investment Fund, L.P. Infinity Wealth Limited Infinity Wealth Limited Legion Elite Limited Grand Union Investment Fund, L.P. Legion Elite Limited 562,668,025 915,000 Infinity Wealth Limited 562,668,025 (4) WP XI Equity Ltd Amber Gem Holdings LimitedAmber Gem77.6% WP XI Equity Ltd Warburg Pincus Private Equity XI, L.P. Warburg Pincus Private Equity XI, L.P. Warburg Pincus XI, L.P. Warburg Pincus XI, L.P. WP Global LLC WP Global LLC Warburg Pincus & Co. WP XI Equity Ltd Warburg Pincus Private Equity XI, L.P. Warburg Pincus XI, L.P. WP Global LLC Warburg Pincus & Co. Amber Gem 262,471,340 (5) 57.3% 125,400,000 * 336 25 2016

A B 14,035,595 274 C 4,456,688 18 92,461,415 51,519,873 816,730 100% 0.058 730 730 1,596,510 25% 0.174 1,197,510 1,197,510 2,250,000 25% 0.174 1,691,000 1,691,000 4,663,240 2,889,240 2,889,240 34,272,260 0.058 11,061,430 (79,840) 10,981,590 100% 33,492,475 0.174 27,114,040 (2,234,841) (627,596) 24,251,603 25% 18,533,440 0.174 13,397,440 (250,000) (750,000) 12,397,440 25% 1,500,000 0.174 10,000,000 10,000,000 92,461,415 55,462,150 (2,564,681) (1,377,596) 51,519,873 24 2016 26

1,232,428 6,162,140 3,081,070 6,162,140 25% 0.174 4,621,605 (1,540,535) 3,081,070 24 10 239,494,759 27 2016

292,005,058 38,689,000 A.2.1 A.2.1 (i) (ii) (iii) 2016 28

A.2.1 3.21 C3 D3 3.10(2) 3.21 13.51B(1) 13.51B(1) Sunnywell Group 29 2016

34 34 34 2410 34 2016 30

2,452,191 1,982,766 516,604 324,566 4 2,968,795 2,307,332 5 (603,126) (404,408) (751,453) (603,623) 5 (511,269) (325,547) 1,102,947 973,754 4 733,686 51,133 (44,930) (37,068) (301,083) (210,997) (281,182) (250,078) 1,538 5 1,210,976 526,744 6 (149,155) (119,500) 1,061,821 407,244 1,061,821 407,244 8 0.444 0.172 8 0.436 0.167 31 2016

1,061,821 407,244 1,061,821 407,244 1,061,821 407,244 2016 32

9 9,556,022 9,338,873 10 496,218 320,185 11 84,395 43,309 15,361 29,231 12 61,212 62,019 6,728 6,659 13 156,219 159,745 14 27,948 15 2,868,790 2,042,103 11,408 8,150 30,000 114,822 63,662 13,399,123 12,103,936 16 99,341 111,743 17 116,202 239,360 28 119,020 475,852 18 1,263,176 1,258,347 11 125,685 112,170 30,000 19 1,300 53,129 19 3,400,038 1,987,878 5,154,762 4,238,479 20 65,480 21,000 331,569 336,951 174,194 192,928 21 2,407,447 1,154,411 28 2,352 2,585 58,891 52,708 3,039,933 1,760,583 2,114,829 2,477,896 33 2016

15,513,952 14,581,832 22 5,313,739 5,190,607 21 2,047,692 2,168,714 2,279 3,550 163,547 119,640 7,527,257 7,482,511 7,986,695 7,099,321 23 146 147 5,852,882 5,951,865 23 (75,463) 2,209,130 1,147,309 7,986,695 7,099,321 2016 34

* * * * 147 2,382,719 95,866 3,321,238 152,042 1,147,309 7,099,321 1,061,821 1,061,821 1,061,821 1,061,821 (250,220) (250,220) (2) (174,755) 174,757 1 17,516 (12,890) 4,627 24 71,146 71,146 146 2,382,719 95,866 3,163,999 210,298 (75,463) 2,209,130 7,986,695 * * * * 145 2,382,719 14,753 3,183,161 181,780 (172,974) 5,589,584 407,244 407,244 407,244 407,244 1 45,160 (38,025) 7,136 24 54,087 54,087 146 2,382,719 14,753 3,228,321 197,842 234,270 6,058,051 * 5,852,882,000 5,823,635,000 35 2016

1,210,976 526,744 281,182 250,078 (1,538) 4 (9,554) (15,482) 5 28 46 4 (826,687) 9 603,126 404,408 10 30,988 15,891 12 807 445 13 5,259 5,053 5 23,650 16,915 118,754 (9,100) 24 71,146 54,087 1,508,137 1,249,085 (820,275) (4,216,132) 99,508 (441,907) 356,832 12,402 (13,003) 6,627 (214,264) 44,480 40,477 (233) (1,503) (18,734) (2,912) 27,220 (17,613) (54,601) 92,228 (139,910) (88,447) 1,021,453 (3,613,991) 2016 36

(235,605) (84,118) 43 9 (1,649) (6,455) (57,809) (1,993) (63) (26,410) (161,828) 1,570,000 (500,000) 8,710 16,854 (256,904) 776,590 (30,000) 51,829 2,016,056 2,350,141 (903,822) (1,564,775) 4,627 7,136 (250,220) 2,974,364 (282,649) (165,281) 635,821 3,571,585 1,400,370 734,184 1,987,878 1,352,435 11,790 118 3,400,038 2,086,737 37 2016

1. China Auto Rental Inc. CAR Inc. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2. 2.1 34 2016 38

2. 2.2 11 10 12 28 1 16 38 27 3. 8 39 2016

4. 1,703,653 1,469,224 722,434 458,989 5,160 20,220 516,604 324,566 1,860 2,096 19,084 32,237 2,968,795 2,307,332 9,554 15,482 (119,036) 38,862 * 12,300 (28) (46) 826,687 4,209 (3,165) 733,686 51,133 * 2016 40

5. 511,269 325,547 603,126 404,408 30,988 15,891 807 445 * 5,259 5,053 42,575 30,385 29,178 28,282 275,153 228,387 24 71,146 54,087 ** 64,050 50,626 110,384 100,067 132,806 63,677 119,036 (38,862) 1,600 1,000 23,650 16,915 28 46 21,817 20,310 (826,687) * ** 41 2016

6. 156,429 89,153 (7,274) 30,347 149,155 119,500 25% [2014] 26 15% 16.5% 10% 14,472,000 5,120,000 2016 42

6. 1,210,976 526,744 25% 302,744 131,686 12,437 19,789 (12,076) (34,214) (10,047) (4,560) (161,190) 2,815 1,679 14,472 5,120 149,155 119,500 12.32% 22.69% 7. 43 2016

8. 2,392,407,573 2,363,464,393 1,061,821 407,244 2,392,407,573 2,363,464,393 43,531,574 73,747,149 2,435,939,147 2,437,211,542 2016 44

9. 11,016,202 6,420,412 (1,677,329) (1,186,218) 9,338,873 5,234,194 9,338,873 5,234,194 1,313,728 4,543,939 (491,801) (327,183) (1,652) (624) (603,126) (404,408) 9,556,022 9,045,918 11,514,165 10,405,936 (1,958,143) (1,360,018) 9,556,022 9,045,918 62,254,000 117,797,000 21 10. 25 207,085,000 50,812,000 30,988,000 15,891,000 71,000 55,000 45 2016

11. 240,364 181,504 (30,284) (26,025) 210,080 155,479 125,685 112,170 84,395 43,309 147,960 133,237 92,404 48,267 240,364 181,504 125,685 112,170 84,395 43,309 210,080 155,479 2016 46

12. 57,809,000 807,000 445,000 13. 25 1,649,000 6,455,000 5,259,000 5,053,000 14. 27,948 Beijing QWOM Technology Co., Ltd. 30 30% 47 2016

14. 1,538 1,538 27,948 15. (a) 161,828 161,828 (b) 1,719,924 (c) 2,659,874 160,351 (b) 47,088 2,868,790 2,042,103 2016 48

15. (a) 26.49 161,828,000 19.91% + (b) A 125 2,500,000 A B 50 443,263 B A B 1 1 9.35% 1,542,409,000 49 2016

15. (b) 1:1 130,427,000 (c) 9.35% 1,542,409,000 9.35% 7.42% 957,114,000 2016 50

16. 49,014 68,482 37,305 35,325 13,022 7,936 99,341 111,743 17. 151,511 278,452 (35,309) (39,092) 116,202 239,360 51 2016

17. 74,268 177,431 17,819 33,621 24,115 13,515 14,793 116,202 239,360 79,307 132,482 33,414 73,774 3,481 17,419 12,011 116,202 235,686 2016 52

18. 874,800 833,508 224,810 250,361 126,308 108,454 25,333 21,812 11,925 44,212 1,263,176 1,258,347 19. 2,915,621 1,473,018 485,717 567,989 3,401,338 2,041,007 * 51,829 1,300 1,300 3,400,038 1,987,878 * 51,829,000 21 2,586,200,000 981,725,000 53 2016

20. 18,572 15,960 42,365 4,032 4,543 1,008 65,480 21,000 60 2016 54

21. (%) (%) 4.38 168,282 5.06-5.61 1,500 4.26-5.06 439,026 4.90-6.03 147,354 5.18 102,632 4.79 151,474 4.04-4.89 294,792 3.40-8.00 100,009 4.99-6.9 784,498 4.99-6.90 180,578 8.00-8.10 496,917 7.38-8.23 18,217 5.55-8.88 76,579 7.50 600,000 2,407,447 1,154,411 4.04-4.89 1,610,714 3.40-8.00 944,876 4.99-6.9 436,978 4.99-6.90 592,297 5.55-8.88 5,566 7.50 600,000 4.79 25,975 2,047,692 2,168,714 4,455,139 3,323,125 55 2016

21. 1,686,598 429,442 1,647,892 892,514 399,800 644,659 3,734,290 1,966,615 618,217 573,495 605,566 618,217 1,179,061 102,632 151,474 25,975 102,632 177,449 4,455,139 3,323,125 6,532,989,000 6,861,039,000 3,995,060,000 2,408,496,000 2016 56

21. 570,717 * 120,850 207,836 (a) 934,077 122,350 1,139,710 850,235 51,758 (b) 2,260,502 1,520,229 4,455,139 3,323,125 * 46 570,717,000 (a) 120,850,000 207,836,000 62,254,000 117,797,000 9 (b) 51,758,000 51,829,000 19 57 2016

22. (1) (A) 500 (A) (A) (A) 6.125 (A) (i) (A) (A) (A) 103.0625% 101.53125% (ii) (A) 100% (A) (iii) (A) 106.125% 35% (A) 2016 58

22. (1) (A) (A) 3,248,164 2,974,364 69,392 (9,100) 108,801 84,797 (100,357) 3,326,000 3,050,061 (2) (B) 300 (B) (B) (B) 6.00 59 2016

22. (2) (B) (B) (B) (B) 103.0% 101.5% (B) 1,942,443 41,371 62,802 (58,877) 1,987,739 2016 60

23. 26,000,000,000 0.00001 1,586 1,586 2,370,897,051 2,393,983,835 0.00001 146 147 260,000 5,200,000,000 0.00005 0.00005 1 373,444,013 0.00005 0.00001 260,000 26,000,000,000 0.00001 1,867,220,070 0.00001 8.50 426,341,000 8.50 63,951,000 4,167,482,000 3,302,729,000 4,026,035,684 3,183,191,000 61 2016

23. 2,393,983,835 147 3,321,238 3,321,385 24 * 4,105,216 1 17,516 17,517 ** (27,192,000) (2) (174,755) (174,757) 2,370,897,051 146 3,163,999 3,164,145 * 4,105,216 0.174 24 4,627,000 4,105,216 4,626,000 12,890,000 ** 239,507,709 10% 292,005,000 38,689,000 27,192,000 11,497,000 88,065,000 2016 62

24. 7,017,798 7,017,797 1,232,428 4,456,688 C 0.153 60,083,755 0.172 (1,377,596) 0.174 (4,105,216) 0.151 54,600,943 10,982,320 0.058 25,449,113 0.174 3,081,070 0.174 15,088,440 0.174 54,600,943 63 2016

24. 21 14,606,233 54,775,000 71,146,000 54,087,000 25. a) 100% 140,000 1 7 84 (21) 71 69 140 140 2016 64

25. a) 140 (56) (1) 83 543,000 198,000 2,968,795,000 1,061,814,000 65 2016

25. b) 30% 37,649 22,648 330 4,900 310 14,700 (4,891) (13,161) (2,138) 60,347 30% 18,104 8,306 26,410 26,410 1,063,354,000 2016 66

26. 107,185 97,500 180,185 155,580 58,508 46,871 345,878 299,951 27. 26 78,995 2,812 67 2016

28. a) Hertz International Ltd.* * Hertz Holdings Hertz International Ltd. Hertz Holdings 8.50% Hertz Holdings 1.73% Hertz International Ltd. 2016 68

28. b) (i) 1,028,932 555,015 1,028,932 555,015 (ii) Hertz International Ltd. 626 2,313 Hertz International Ltd. 69 2016

28. b) (iii) 1,638 543 1,638 543 (iv) 1,351 6,434 1,351 6,434 2016 70

28. c) 119,020 475,852 119,020 475,852 2,268 84 1,507 Hertz International Ltd. 1,078 2,352 2,585 d) 1,946 2,015 7,354 24,038 9,300 26,053 71 2016

29. 84,395 84,395 2,868,790 2,868,790 11,408 11,408 30,000 30,000 1,300 1,300 116,202 116,202 119,020 119,020 1,038,366 1,038,366 125,685 125,685 3,400,038 3,400,038 2,868,790 4,926,414 7,795,204 65,480 331,569 2,407,447 2,352 5,313,739 2,047,692 2,279 10,170,558 2016 72

29. 43,309 43,309 2,042,103 2,042,103 8,150 8,150 30,000 30,000 53,129 53,129 239,360 239,360 475,852 475,852 1,007,986 1,007,986 112,170 112,170 1,987,878 1,987,878 2,042,103 3,957,834 5,999,937 21,000 336,951 1,154,411 2,585 5,190,607 2,168,714 3,550 8,877,818 73 2016

30. 15 2,706,962 1,880,275 2,706,962 1,880,275 826,687,000 2016 74

30. 6.0 20% 453,852,000 453,852,000 2,706,962 2,706,962 75 2016

30. 1,880,275 1,083,180 826,687 797,095 2,706,962 1,880,275 31. (a) 183,518,000 23,991,000 (b) 37,000,000 100% 2016 76

Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands (ACS, ACIS) 2 100102 183 54 Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 77 2016

183 22 699 www.zuche.com 2016 78