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                On November 17th, the 2021 China Auto Industry Summit, hosted by 21st Century Business Herald and China Auto Finance, was successfully held in Guangzhou, with "New Engine, New Ecosystem" as the theme. Fortune Auto Finance Co., LTD. (hereinafter referred to as "FAF") was honored as the "2021 Best Innovative Auto Finance Company" at the "Golden Engine of Automotive Industry Competitiveness Research of the 21st Century" Awards for its innovation in business model, products in segment market and digitalization empowering its partners. And FAF once again was awarded as one of the 50 members of China Auto Finance Forum.


                Since its establishment, FAF has confirmed its multi-brand strategy, i.e. not only supporting the brand of its shareholder, but all other brands. FAF has then gradually established itself as an advanced multi-brand service provider in market, and built up win-win partnerships based on mutual trust and mutual benefit, all thanks to its unremitting market development and continuous efforts in optimizing its products and services.  Along with the rapid rising of commercial vehicle market, and enabled by the leading market position of JAC in commercial segment and abundant consumer financing experience of Banco Santander for over 100 years, FAF has demonstrated its professionalism and capabilities in commercial financing area, further expanded its product line to cover special purpose vehicles, and has been well recognized by the market.


                By the end of October, 2021, FAF has largely achieved the key operating targets set up at the beginning of the year, and also launched FLAP core system and BI (Business Intelligence) system to further empower partners for leaner management and better operational capabilities.


                Looking ahead into the future, FAF will adhere to its philosophy of steady operation, and insist in its development strategy of pursuing high quality, so as to transform and upgrade the company with innovation and customer thinking as the engine, and to deliver solid value for end customers and partners as always.