NOTICE OF LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED - CAR Inc. - US$250,000,000 9.75% SENIOR NOTES DUE 2024 (the "Notes") (Note stock code: 40636)

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.

This announcement is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Neither this announcement nor anything herein forms the basis for any contract or commitment whatsoever. Neither this announcement nor any copy hereof may be taken into or distributed in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. No public offering of securities is to be made by the Company in the United States.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

CAR Inc.

神 州 租 車 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 0699)

US$250,000,000 9.75% SENIOR NOTES DUE 2024

(the "Notes") (Note stock code: 40636)

Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners

(in alphabetical order)

China International Capital Corporation Goldman Sachs (Asia) L.L.C. J.P. Morgan

Co-Manager

China CITIC Bank International

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Application has been made by CAR Inc. (the "Company") to The Stock Exchange of Hong Kong Limited for the listing of and permission to deal in the Notes by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) only, as described in the offering memorandum dated 26 March 2021. Permission for the listing of, and dealing in, the Notes is expected to become effective on 1 April 2021.

As disclosed in the joint announcement dated 4 March 2021 issued by Indigo Glamour Company Limited and the Company in relation to close of offers and results of the offers, an application for withdrawal of listing of the shares of the Company will be made. For the avoidance of doubt, the Company would like to emphasize that the delisting application will relate only to the shares of the Company and will not relate to the Notes.

By Order of the Board

CAR Inc.

Yifan Song

Executive Director

Hong Kong, 31 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.

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