Document:

Exhibit 4.23

 

Equity Interest Pledge Agreement

 

This Equity Interest
Pledge Agreement (this “Agreement”) has been executed by and among the following parties on October 4, 2018 in
Beijing, the People’s Republic of China (“China” or the “PRC”):

 

		Party A:	Tianjin Kars Information Technology Co., Ltd., a
limited liability company, organized and existing under the laws of the PRC, with its address at No.Unit2-102, e building, Haifeng
Logistics Park, No. 600 Luoyang Road, Dongjiang Free Trade Port Zone, Free Trade Pilot Zones, Tianjin;

 

		Party B:	Beijing Jiasheng Investment Management Co., Ltd.
(hereinafter “Pledgor”), a limited liability company organized and existing under the laws of the PRC, with its address
at Floor 20, Block A, Building 1, No.19 Ronghua Mid Road, Economic Technological Development Area, Beijing; and

 

		Party C:	Beijing Yixin Information Technology Co., Ltd.,
a limited liability company organized and existing under the laws of the PRC, with its address at Suite 953, 9/F, Building 3,
6 Capital Gymnasium South Road, Haidian District, Beijing.

 

In this Agreement, each
of Pledgee, Pledgor and Party C shall be hereinafter referred to as a “Party” individually, and as the “Parties”
collectively.

 

Whereas:

 

		1.	Pledgor
is a limited liability company registered in Shenzhen, China who as of the date hereof holds 17.7% of equity interests of Party
C, representing RMB 8,850,000 in the registered capital of Party C. Party C is a limited liability company registered in Beijing,
China, engaging in automobile related financial services. Party C acknowledges the respective rights and obligations of Pledgor
and Pledgee under this Agreement, and intends to provide any necessary assistance in registering the Pledge;

 

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		2.	Pledgee is a wholly foreign-owned enterprise registered
in China. Pledgee and Party C which is owned by Pledgor have executed an Exclusive Business Cooperation Agreement (as defined
below) in Beijing; Party C, Pledgee and Pledgor have executed an Exclusive Option Agreement (as defined below); and Pledgor has
executed a Power of Attorney (as defined below) in favor of Pledgee;

 

		3.	To ensure that Party C and Pledgor fully perform their
obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney, Pledgor
hereby pledges to the Pledgee all of the equity interest that Pledgor holds in Party C as security for Party C’s and Pledgor’s
obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney;

 

		1.	Definitions

 

Unless otherwise
provided herein, the terms below shall have the following meanings:

 

		1.1	Pledge: shall refer to the security interest granted by
Pledgor to Pledgee pursuant to Section 2 of this Agreement, i.e., the right of Pledgee to be paid in priority with the Equity
Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale
of the Equity Interest.

 

		1.2	Equity Interest: shall refer to all of the equity interest lawfully now held and hereafter acquired
by Pledgor in Party C.

 

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		1.3	Term of Pledge: shall refer to the term set forth in Section 3 of this Agreement.

 

		1.4	Transaction Documents: shall refer to the Exclusive Business Cooperation Agreement executed
                                                                                 by and between Party C and Pledgee on October 4, 2018 (the “Exclusive Business Cooperation Agreement”), the
                                                                                 Exclusive Option Agreement executed by and among Party C, Pledgee and Pledgor on October 4, 2018 (the “Exclusive
                                                                                 Option                                                                                  Agreement”), Power of Attorney
                                                                                 executed on October 4, 2018 by Pledgor (the “Power of Attorney”) and any
                                                                                 modification, amendment and restatement to the aforementioned documents.

 

		1.5	Contract Obligations: shall refer to all the obligations of Pledgor under the Exclusive Option
Agreement, the Power of Attorney and this Agreement; all the obligations of Party C under the Exclusive Business Cooperation Agreement,
the Exclusive Option Agreement and this Agreement.

 

		1.6	Secured Indebtedness: shall refer to all the direct, indirect and derivative losses and losses
of anticipated profits, suffered by Pledgee, incurred as a result of any Event of Default of the Pledgor and/or Party C or invalidity,
revocation and termination of any Transaction Document. The amount of such loss shall be calculated in accordance with but not
limited to the reasonable business plan and profit forecast of Pledgee, the service fees payable to Pledgee under the Exclusive
Business Cooperation Agreement, damages and relevant fees, all expenses occurred in connection with enforcement by Pledgee of Pledgor’s
and/or Party C’s Contract Obligations and etc.

 

		1.7	Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

 

		1.8	Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement
declaring an Event of Default.

 

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		2.	Pledge

 

		2.1	Pledgor agrees to pledge all the Equity Interest as security for performance of the Contract Obligations
and payment of the Secured Indebtedness under this Agreement. Party C hereby assents that Pledgor pledges the Equity Interest to
the Pledgee pursuant to this Agreement.

 

		2.2	The effect of the security under this Agreement shall not be affected in any way due to any modification
or change of the Transaction Documents. The security under this Agreement shall remain effective upon the obligations of the Pledgor
and Party C under the revised Transaction Documents. If any Transaction Document becomes invalid, revoked or terminated for any
reason, the Pledgee shall be entitled to immediately exercise the Pledge in accordance with Article 8 of this Agreement.

 

		2.3	During the term of the Pledge, Pledgee is entitled to receive dividends distributed on the Equity
Interest. Pledgor may receive dividends distributed on the Equity Interest only with prior written consent of Pledgee. Dividends
received by Pledgor on Equity Interest after deduction of individual income tax paid by Pledgor shall be, as required by Pledgee,
(1) deposited into an account designated and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured
Indebtedness prior and in preference to making any other payment; or (2) unconditionally donated to Pledgee or any other person
designated by Pledgee to the extent permitted under applicable PRC laws.

 

		2.4	Pledgor may subscribe for capital increase in Party C only with prior written consent of Pledgee.
Any equity interest obtained by Pledgor as a result of Pledgor’s subscription of the increased registered capital of the
Company shall also be deemed as Equity Interest.

 

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		2.5	In the event that Party C is required by PRC law to be liquidated or dissolved, any interest distributed
to Pledgor upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be (1) deposited into an account
designate and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured Indebtedness prior and in preference
to make any other payment; or (2) unconditionally donated to Pledgee or any other person designated by Pledgee to the extent permitted
under applicable PRC laws.

 

		3.	Term of Pledge

 

		3.1	The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated
herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective
until all Contract Obligations have been fully performed and all Secured Indebtedness has been fully paid. Pledgor and Party C
shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of
this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated
herein within 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration
of the Pledge, the Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest
pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge
hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound
by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures,
as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered
with the AIC as soon as possible after submission for filing.

 

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		3.2	During the Term of Pledge, in the event Pledgor and/or Party C fails to perform the Contract Obligations
or pay Secured Indebtedness, Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the
provisions of this Agreement.

 

		4.	Custody of Records for Equity Interest subject to Pledge

 

		4.1	During the Term of Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee’s
custody the capital contribution certificate for the Equity Interest and the shareholders’ register containing the Pledge
within one week from the execution of this Agreement. Pledgee shall have custody of such documents during the entire Term of Pledge
set forth in this Agreement.

 

		5.	Representations and Warranties of Pledgor and Party
C

 

As of the execution date of this
Agreement, Pledgor and Party C hereby severally represent and warrant to Party A that:

 

		5.1	Party C is a limited liability company duly organized and validly existing under the laws of the
PRC;

 

		5.2	Pledgor is the sole legal and beneficial owner of the Equity Interest;

 

		5.3	Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with
the provisions set forth in this Agreement;

 

		5.4	Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the
Equity Interest;

 

		5.5	They have the power, capacity and authority to execute and deliver this Agreement and to perform
their obligations hereunder. This Agreement, when executed, will constitute their legal, valid and binding obligations and shall
be enforceable against them in accordance with the provisions thereof;

 

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		5.6	Pledgor and Party C have obtained any and all approvals and consents from applicable government
authorities and third parties (if required) for execution, delivery and performance of this Agreement; and

 

		5.7	The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC
laws; (ii) conflict with Party C’s articles of association or other constitutional documents; (iii) result in any breach
of or constitute any default under any contract or instrument to which it is a party or by which it is otherwise bound; (iv) result
in any violation of any condition for the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause
any permit or approval granted to any Party to be suspended, cancelled or attached with additional conditions.

 

		6.	Covenants of Pledgor and Party C

 

		6.1	During the term of this Agreement, Pledgor and Party C hereby jointly and severally covenant to
the Pledgee:

 

		6.1.1	Pledgor shall not transfer the Equity Interest, place or permit the existence of any security interest
or other encumbrance on the Equity Interest or any portion thereof, without the prior written consent of Pledgee, except for the
performance of the Transaction Documents; Party C shall not assent to or assist in the aforesaid behaviors;

 

		6.1.2	Pledgor and Party C shall comply with the provisions of all laws and regulations applicable to
the pledge of rights, and within five (5) days of receipt of any notice, order or recommendation issued or prepared by relevant
competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall
comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned
matters upon Pledgee’s reasonable request or upon consent of Pledgee;

 

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		6.1.3	Pledgor shall not conduct or allow any activities or actions that would adversely affect Pledgee’s
rights related to the Contract Obligations or the Equity Interest. Pledgor and Party C shall promptly notify Pledgee of any event
or notice received by Pledgor that may have an impact on the Equity Interest or any portion thereof, as well as any event or notice
received by Pledgor that may have an impact on any guarantees and other obligations of Pledgor arising out of this Agreement;

 

		6.1.4	Party C shall complete the registration procedures for extension of the term of operation within
three (3) months prior to the expiration of such term to maintain the validity of this Agreement.

 

		6.2	Pledgor agrees that the rights acquired by Pledgee
in accordance with this Agreement with respect to the Pledge shall not be interrupted or harmed by Pledgor or any heirs or representatives
of Pledgor or any other persons through any legal proceedings.

 

		6.3	To protect or perfect the security interest granted by this Agreement for the Contract Obligations
and Secured Indebtedness, Pledgor hereby undertakes to execute in good faith and to cause other parties who have an interest in
the Pledge to execute all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgor also undertakes to perform
and to cause other parties who have an interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise
by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all relevant documents regarding ownership
of Equity Interest with Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgor undertakes to provide Pledgee
within a reasonable time with all notices, orders and decisions regarding the Pledge that are required by Pledgee.

 

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		6.4	Pledgor and Party C shall strictly abide by the provisions of this Agreement and other contracts
jointly or separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations
hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any
remaining rights of Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by Pledgor except in accordance
with the written instructions of Pledgee.

 

		6.5	Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations
and conditions under this Agreement. In the event of failure of or partial performance of its guarantees, promises, agreements,
representations and conditions, the Pledgor is deemed in breach of this Agreement and shall indemnify the Pledgee for all losses
resulting therefrom.

 

		7.	Event of Breach

 

		7.1	The following circumstances shall be deemed Event
of Default:

 

		7.1.1	Pledgor’s any breach to any obligations under
the Transaction Documents and/or this Agreement.

 

		7.1.2	Party C’s any breach to any obligations under
the Transaction Documents and/or this Agreement.

 

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		7.2	Upon notice or discovery of the occurrence of any
circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor and Party C shall immediately
notify Pledgee in writing accordingly.

 

		7.3	Unless an Event of Default set forth in this Section
7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee delivers a notice
to the Pledgor and/or Party C requesting rectification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor
in writing at any time thereafter, demanding the Pledgor to immediately exercise the Pledge in accordance with the provisions
of Section 8 of this Agreement.

 

		8.	Exercise of Pledge

 

		8.1	Pledgee shall issue a written Notice of Default to
Pledgor when it exercises the Pledge.

 

		8.2	Subject to the provisions of Section 7.3, Pledgee
may exercise the right to enforce the Pledge at any time after the issuance of the Notice of Default in accordance with Section
8.1.

 

		8.3	After Pledgee issues a Notice of Default to Pledgor
in accordance with Section 8.1, Pledgee may exercise any remedy measure under applicable PRC laws, the Transaction Documents and
this Agreement, including but not limited to being paid in priority with the Equity Interest based on the monetary valuation that
such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest. The Pledgee shall not
be liable for any loss incurred by its due exercise of such rights and powers.

 

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		8.4	The proceeds from exercise of the Pledge by Pledgee
shall be used to pay for tax and expenses incurred as result of disposing the Equity Interest and to perform Contract Obligations
and pay the Secured Indebtedness to the Pledgee prior and in preference to any other payment. After the payment of the aforementioned
amounts, the remaining balance shall be returned to Pledgor or any other person who have rights to such balance under applicable
laws or be deposited to the local notary public office where Pledgor resides, with all expense incurred being borne by Pledgor.
To the extent permitted under applicable PRC laws, Pledgor shall unconditionally donate the aforementioned proceeds to Pledgee
or any other person designated by Pledgee.

 

		8.5	Pledgee may exercise any remedy measure available
simultaneously or in any order. Pledgee may exercise the right to being paid in priority with the Equity Interest based on the
monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest
under this Agreement, without exercising any other remedy measure first.

 

		8.6	Pledgee is entitled to designate an attorney or other
representatives to exercise the Pledge on its behalf, and Pledgor or Party C shall not raise any objection to such exercise.

 

		8.7	When Pledgee disposes of the Pledge in accordance
with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance
with this Agreement.

 

		9.	Breach of Agreement

 

		9.1	If Pledgor or Party C conducts any material breach
of any term of this Agreement, Pledgee shall have right to terminate this Agreement and/or require Pledgor or Party C to indemnify
all damages; this Section 9 shall not prejudice any other rights of Pledgee herein;

 

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		9.2	Pledgor or Party C shall not have any right to terminate
this Agreement unilaterally in any event unless otherwise required by applicable laws.

 

		10.	Assignment

 

		10.1	Without Pledgee’s prior written consent, Pledgor
and Party C shall not have the right to assign or delegate their rights and obligations under this Agreement.

 

		10.2	This Agreement shall be binding on Pledgor and his/her
successors and permitted assigns, and shall be valid with respect to Pledgee and each of his/her successors and assigns.

 

		10.3	At any time, Pledgee may assign any and all of its
rights and obligations under the Transaction Documents and this Agreement to its designee(s), in which case the assigns shall
have the rights and obligations of Pledgee under the Transaction Documents and this Agreement, as if it were the original party
to the Transaction Documents and this Agreement.

 

		10.4	In the event of change of Pledgee due to assignment,
Pledgor and/or Party C shall, at the request of Pledgee, execute a new pledge agreement with the new pledgee on the same terms
and conditions as this Agreement, and register the same with the relevant AIC.

 

		11.	Termination

 

		11.1	Upon the fulfillment of all Contract Obligations and
the full payment of all Secured Indebtedness by Pledgor and Party C, Pledgee shall release the Pledge under this Agreement upon
Pledgor’s request as soon as reasonably practicable and shall assist Pledgor to de-register the Pledge from the shareholders’
register of Party C and with relevant AIC.

 

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		11.2	The provisions under Sections 9, 13, 14 and 11.2 herein
of this Agreement shall survive the expiration or termination of this Agreement.

 

		12.	Handling Fees and Other Expenses

 

All fees and out of pocket expenses
relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees,
shall be borne by Party C.

 

		13.	Confidentiality

 

The Parties acknowledge that the existence
and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation
and performance of this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such
confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential
information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the
receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or
regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed
by any Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated
hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality
obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director,
employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party and such
Party shall be held liable for breach of this Agreement.

 

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		14.	Governing Law and Resolution of Disputes

 

		14.1	The execution, effectiveness, construction, performance,
amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the PRC.

 

		14.2	In the event of any dispute with respect to the construction
and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the
Parties fail to reach an agreement on the dispute through negotiations, either Party may submit the relevant dispute to the China
International Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules and procedures
in effect at that time. The arbitration shall be conducted in Beijing. The arbitration award shall be final and binding on all
Parties.

 

		14.3	To the extent permitted by PRC laws and where appropriate,
the arbitration tribunal may grant any remedies in accordance with the provisions of this Agreement and applicable PRC laws, including
preliminary and permanent injunctive relief (such as injunction against carrying out business activities, or mandating the transfer
of assets), specific performance of contractual obligations, remedies concerning the equity interest or assets of Party C and
awards directing Party C to conduct liquidation. To the extent permitted by PRC laws, when awaiting the formation of the arbitration
tribunal or otherwise under appropriate conditions, either Party may seek preliminary injunctive relief or other interlocutory
remedies from a court with competent jurisdiction to facilitate the arbitration. Without violating the applicable governing laws,
the Parties agree that the courts of Hong Kong, Cayman Islands, China and the place where the principal assets of Party C are
located shall all be deemed to have competent jurisdiction.

 

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		14.4	Upon the occurrence of any disputes arising from the
construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under
dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their
respective obligations under this Agreement.

 

		15.	Notices

 

		15.1	All notices and other communications required or permitted
to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial
courier service or by facsimile transmission to the address of such party set forth below. A confirmation copy of each notice
shall also be sent by E-mail. The dates on which notices shall be deemed to have been effectively given shall be determined as
follows:

 

		15.2	Notices given by personal delivery, by courier service
or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at the address specified
for notices.

 

		15.3	Notices given by facsimile transmission shall be deemed
effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

		15.4	For the purpose of notices, the addresses of the Parties
are as follows:

 

		Party A:	Tianjin Kars Information Technology Co., Ltd.

		Address:	12/F, No.3 building, No.799 YangGao SouthRoad,

                                                                       Pudong Distriet, Shanghai

 

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		Attn:	Legal Department

		Phone:	021-6028 8888

 

		Party B:	Beijing Jiasheng Investment Management Co., Ltd.

		Address:	21th Floor, Building A, No. 18 Kechuang 11th Street,

Yizhuang Economic and Technological Zone, Daxing District, Beijing

		Email:	legalnotice@jd.com

 

		Party C:	Beijing Yixin Information Technology Co., Ltd.

		Address:	5/F, Main building of Tengda building,

No.168,  Xizhimenwai Street, Haidian District, Beijing

		Attn:	Legal Department

		Phone:	010 6849 2345

 

		15.5	Any Party may at any time change its address for notices
by a notice delivered to the other Parties in accordance with the terms hereof.

 

		16.	Severability

 

In the event that one or several of
the provisions of this Contract are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or
regulations, the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or compromised
in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective
provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of
such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

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		17.	Entire Agreement

 

Except for the amendments, supplements
or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement reached
by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior oral and written consultations,
representations and contracts reached with respect to the subject matter of this Agreement.

 

		18.	Attachments

 

The attachments set forth herein shall
be an integral part of this Agreement.

 

		19.	Effectiveness

 

		18.1	This Agreement shall become effective upon execution
by the Parties.

 

		18.2	Any amendments, supplements or changes to this Agreement
shall be in writing and shall become effective after the affixation of the signatures or seals of the Parties.

 

		20.	Language and Counterparts

 

This Agreement is written in Chinese
and English in four copies. Pledgor, Pledgee and Party C shall hold one copy respectively and the other copy shall be used for
registration. In case there is any conflict between the Chinese version and the English version, the Chinese version shall prevail.

 

The Remainder of this
page is intentionally left blank 

 

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IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

		Party A:	Tianjin Kars Information
Technology Co., Ltd. (Seal)

 

	By:	/s/ Liang Zhu	 
	Name:	Liang Zhu	 
	Title:	Legal Representative	 

 

      

     

    

 

IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

		Party
                          B:	Beijing
Jiasheng Investment Management Co., Ltd. (seal)

 

	By:	/s/ Pang ZHANG	 
	Name:	Pang ZHANG	 
	Title:	Legal Representative	 

 

      

     

    

 

IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

		Party
                          C:	Beijing
Yixin Information Technology Co., Ltd. (Seal)

 

	By: 	/s/
    Yongzhi Chen 	 
	Name:	Yongzhi Chen	 
	Title:	Legal Representative	 

 

      

     

    

 

Attachments:

 

		1.	Shareholders’ Register of Party C;

 

		2.	The Capital Contribution Certificate for Party C.

 

      

     

    

   

Equity Interest Pledge Agreement

 

This Equity Interest
Pledge Agreement (this “Agreement”) has been executed by and among the following parties on October 4, 2018 in
Beijing, the People’s Republic of China (“China” or the “PRC”):

 

		Party A:	Tianjin Kars Information Technology Co., Ltd., a
limited liability company, organized and existing under the laws of the PRC, with its address at No.Unit2-102, e building, Haifeng
Logistics Park, No. 600 Luoyang Road, Dongjiang Free Trade Port Zone, Free Trade Pilot Zones, Tianjin;

 

		Party B:	Shenzhen Tencent Industry Investment Fund Co., Ltd. (hereinafter
                                                                                               “Pledgor”), a
                                                                                               limited                                                                                                liability
                                                                                               company organized                                                                                                and
                                                                                               existing                                                                                                under the laws of
                                                                                               the                                                                                                PRC, with its address at
                                                                                               B815, Wuhan University Shenzhen Chanxueyan Building, No.6 Yuexing Second Road, Nanshan District, Shenzhen; and

 

		Party C:	Beijing Yixin Information Technology Co., Ltd.,
a limited liability company organized and existing under the laws of the PRC, with its address at Suite 953, 9/F, Building 3,
6 Capital Gymnasium South Road, Haidian District, Beijing.

 

In this Agreement, each
of Pledgee, Pledgor and Party C shall be hereinafter referred to as a “Party” individually, and as the “Parties”
collectively.

 

Whereas:

 

		1.	Pledgor
is a limited liability company registered in Shenzhen, China who as of the date hereof holds 26.6% of equity interests of Party
C, representing RMB 13,300,000 in the registered capital of Party C. Party C is a limited liability company registered in Beijing,
China, engaging in automobile related financial services. Party C acknowledges the respective rights and obligations of Pledgor
and Pledgee under this Agreement, and intends to provide any necessary assistance in registering the Pledge;

 

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		2.	Pledgee is a wholly foreign-owned enterprise registered
in China. Pledgee and Party C which is owned by Pledgor have executed an Exclusive Business Cooperation Agreement (as defined
below) in Beijing; Party C, Pledgee and Pledgor have executed an Exclusive Option Agreement (as defined below); and Pledgor has
executed a Power of Attorney (as defined below) in favor of Pledgee;

 

		3.	To ensure that Party C and Pledgor fully perform their
obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney, Pledgor
hereby pledges to the Pledgee all of the equity interest that Pledgor holds in Party C as security for Party C’s and Pledgor’s
obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney;

 

		1.	Definitions

 

Unless otherwise
provided herein, the terms below shall have the following meanings:

 

		1.1	Pledge: shall refer to the security interest granted by
Pledgor to Pledgee pursuant to Section 2 of this Agreement, i.e., the right of Pledgee to be paid in priority with the Equity
Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale
of the Equity Interest.

 

		1.2	Equity Interest: shall refer to all of the equity interest lawfully now held and hereafter acquired
by Pledgor in Party C.

 

    2

     

    

 

		1.3	Term of Pledge: shall refer to the term set forth in Section 3 of this Agreement.

 

		1.4	Transaction Documents: shall refer to the Exclusive Business Cooperation Agreement executed
                                                                                 by and between Party C and Pledgee on October 4, 2018 (the “Exclusive Business Cooperation Agreement”), the
                                                                                 Exclusive Option Agreement executed by and among Party C, Pledgee and Pledgor on October 4, 2018 (the “Exclusive
                                                                                 Option                                                                                  Agreement”), Power of Attorney
                                                                                 executed on October 4, 2018 by Pledgor (the “Power of Attorney”) and any
                                                                                 modification, amendment and restatement to the aforementioned documents.

 

		1.5	Contract Obligations: shall refer to all the obligations of Pledgor under the Exclusive Option
Agreement, the Power of Attorney and this Agreement; all the obligations of Party C under the Exclusive Business Cooperation Agreement,
the Exclusive Option Agreement and this Agreement.

 

		1.6	Secured Indebtedness: shall refer to all the direct, indirect and derivative losses and losses
of anticipated profits, suffered by Pledgee, incurred as a result of any Event of Default of the Pledgor and/or Party C or invalidity,
revocation and termination of any Transaction Document. The amount of such loss shall be calculated in accordance with but not
limited to the reasonable business plan and profit forecast of Pledgee, the service fees payable to Pledgee under the Exclusive
Business Cooperation Agreement, damages and relevant fees, all expenses occurred in connection with enforcement by Pledgee of Pledgor’s
and/or Party C’s Contract Obligations and etc.

 

		1.7	Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

 

		1.8	Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement
declaring an Event of Default.

 

    3

     

    

 

		2.	Pledge

 

		2.1	Pledgor agrees to pledge all the Equity Interest as security for performance of the Contract Obligations
and payment of the Secured Indebtedness under this Agreement. Party C hereby assents that Pledgor pledges the Equity Interest to
the Pledgee pursuant to this Agreement.

 

		2.2	The effect of the security under this Agreement shall not be affected in any way due to any modification
or change of the Transaction Documents. The security under this Agreement shall remain effective upon the obligations of the Pledgor
and Party C under the revised Transaction Documents. If any Transaction Document becomes invalid, revoked or terminated for any
reason, the Pledgee shall be entitled to immediately exercise the Pledge in accordance with Article 8 of this Agreement.

 

		2.3	During the term of the Pledge, Pledgee is entitled to receive dividends distributed on the Equity
Interest. Pledgor may receive dividends distributed on the Equity Interest only with prior written consent of Pledgee. Dividends
received by Pledgor on Equity Interest after deduction of individual income tax paid by Pledgor shall be, as required by Pledgee,
(1) deposited into an account designated and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured
Indebtedness prior and in preference to making any other payment; or (2) unconditionally donated to Pledgee or any other person
designated by Pledgee to the extent permitted under applicable PRC laws.

 

		2.4	Pledgor may subscribe for capital increase in Party C only with prior written consent of Pledgee.
Any equity interest obtained by Pledgor as a result of Pledgor’s subscription of the increased registered capital of the
Company shall also be deemed as Equity Interest.

 

    4

     

    

 

		2.5	In the event that Party C is required by PRC law to be liquidated or dissolved, any interest distributed
to Pledgor upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be (1) deposited into an account
designate and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured Indebtedness prior and in preference
to make any other payment; or (2) unconditionally donated to Pledgee or any other person designated by Pledgee to the extent permitted
under applicable PRC laws.

 

		3.	Term of Pledge

 

		3.1	The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated
herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective
until all Contract Obligations have been fully performed and all Secured Indebtedness has been fully paid. Pledgor and Party C
shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of
this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated
herein within 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration
of the Pledge, the Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest
pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge
hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound
by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures,
as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered
with the AIC as soon as possible after submission for filing.

 

    5

     

    

 

		3.2	During the Term of Pledge, in the event Pledgor and/or Party C fails to perform the Contract Obligations
or pay Secured Indebtedness, Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the
provisions of this Agreement.

 

		4.	Custody of Records for Equity Interest subject to Pledge

 

		4.1	During the Term of Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee’s
custody the capital contribution certificate for the Equity Interest and the shareholders’ register containing the Pledge
within one week from the execution of this Agreement. Pledgee shall have custody of such documents during the entire Term of Pledge
set forth in this Agreement.

 

		5.	Representations and Warranties of Pledgor and Party
C

 

As of the execution date of this
Agreement, Pledgor and Party C hereby severally represent and warrant to Party A that:

 

		5.1	Party C is a limited liability company duly organized and validly existing under the laws of the
PRC;

 

		5.2	Pledgor is the sole legal and beneficial owner of the Equity Interest;

 

		5.3	Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with
the provisions set forth in this Agreement;

 

		5.4	Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the
Equity Interest;

 

		5.5	They have the power, capacity and authority to execute and deliver this Agreement and to perform
their obligations hereunder. This Agreement, when executed, will constitute their legal, valid and binding obligations and shall
be enforceable against them in accordance with the provisions thereof;

 

    6

     

    

 

		5.6	Pledgor and Party C have obtained any and all approvals and consents from applicable government
authorities and third parties (if required) for execution, delivery and performance of this Agreement; and

 

		5.7	The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC
laws; (ii) conflict with Party C’s articles of association or other constitutional documents; (iii) result in any breach
of or constitute any default under any contract or instrument to which it is a party or by which it is otherwise bound; (iv) result
in any violation of any condition for the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause
any permit or approval granted to any Party to be suspended, cancelled or attached with additional conditions.

 

		6.	Covenants of Pledgor and Party C

 

		6.1	During the term of this Agreement, Pledgor and Party C hereby jointly and severally covenant to
the Pledgee:

 

		6.1.1	Pledgor shall not transfer the Equity Interest, place or permit the existence of any security interest
or other encumbrance on the Equity Interest or any portion thereof, without the prior written consent of Pledgee, except for the
performance of the Transaction Documents; Party C shall not assent to or assist in the aforesaid behaviors;

 

		6.1.2	Pledgor and Party C shall comply with the provisions of all laws and regulations applicable to
the pledge of rights, and within five (5) days of receipt of any notice, order or recommendation issued or prepared by relevant
competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall
comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned
matters upon Pledgee’s reasonable request or upon consent of Pledgee;

 

    7

     

    

 

		6.1.3	Pledgor shall not conduct or allow any activities or actions that would adversely affect Pledgee’s
rights related to the Contract Obligations or the Equity Interest. Pledgor and Party C shall promptly notify Pledgee of any event
or notice received by Pledgor that may have an impact on the Equity Interest or any portion thereof, as well as any event or notice
received by Pledgor that may have an impact on any guarantees and other obligations of Pledgor arising out of this Agreement;

 

		6.1.4	Party C shall complete the registration procedures for extension of the term of operation within
three (3) months prior to the expiration of such term to maintain the validity of this Agreement.

 

		6.2	Pledgor agrees that the rights acquired by Pledgee
in accordance with this Agreement with respect to the Pledge shall not be interrupted or harmed by Pledgor or any heirs or representatives
of Pledgor or any other persons through any legal proceedings.

 

		6.3	To protect or perfect the security interest granted by this Agreement for the Contract Obligations
and Secured Indebtedness, Pledgor hereby undertakes to execute in good faith and to cause other parties who have an interest in
the Pledge to execute all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgor also undertakes to perform
and to cause other parties who have an interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise
by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all relevant documents regarding ownership
of Equity Interest with Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgor undertakes to provide Pledgee
within a reasonable time with all notices, orders and decisions regarding the Pledge that are required by Pledgee.

 

    8

     

    

 

		6.4	Pledgor and Party C shall strictly abide by the provisions of this Agreement and other contracts
jointly or separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations
hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any
remaining rights of Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by Pledgor except in accordance
with the written instructions of Pledgee.

 

		6.5	Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations
and conditions under this Agreement. In the event of failure of or partial performance of its guarantees, promises, agreements,
representations and conditions, the Pledgor is deemed in breach of this Agreement and shall indemnify the Pledgee for all losses
resulting therefrom.

 

		7.	Event of Breach

 

		7.1	The following circumstances shall be deemed Event
of Default:

 

		7.1.1	Pledgor’s any breach to any obligations under
the Transaction Documents and/or this Agreement.

 

		7.1.2	Party C’s any breach to any obligations under
the Transaction Documents and/or this Agreement.

 

    9

     

    

 

		7.2	Upon notice or discovery of the occurrence of any
circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor and Party C shall immediately
notify Pledgee in writing accordingly.

 

		7.3	Unless an Event of Default set forth in this Section
7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee delivers a notice
to the Pledgor and/or Party C requesting rectification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor
in writing at any time thereafter, demanding the Pledgor to immediately exercise the Pledge in accordance with the provisions
of Section 8 of this Agreement.

 

		8.	Exercise of Pledge

 

		8.1	Pledgee shall issue a written Notice of Default to
Pledgor when it exercises the Pledge.

 

		8.2	Subject to the provisions of Section 7.3, Pledgee
may exercise the right to enforce the Pledge at any time after the issuance of the Notice of Default in accordance with Section
8.1.

 

		8.3	After Pledgee issues a Notice of Default to Pledgor
in accordance with Section 8.1, Pledgee may exercise any remedy measure under applicable PRC laws, the Transaction Documents and
this Agreement, including but not limited to being paid in priority with the Equity Interest based on the monetary valuation that
such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest. The Pledgee shall not
be liable for any loss incurred by its due exercise of such rights and powers.

 

    10

     

    

 

		8.4	The proceeds from exercise of the Pledge by Pledgee
shall be used to pay for tax and expenses incurred as result of disposing the Equity Interest and to perform Contract Obligations
and pay the Secured Indebtedness to the Pledgee prior and in preference to any other payment. After the payment of the aforementioned
amounts, the remaining balance shall be returned to Pledgor or any other person who have rights to such balance under applicable
laws or be deposited to the local notary public office where Pledgor resides, with all expense incurred being borne by Pledgor.
To the extent permitted under applicable PRC laws, Pledgor shall unconditionally donate the aforementioned proceeds to Pledgee
or any other person designated by Pledgee.

 

		8.5	Pledgee may exercise any remedy measure available
simultaneously or in any order. Pledgee may exercise the right to being paid in priority with the Equity Interest based on the
monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest
under this Agreement, without exercising any other remedy measure first.

 

		8.6	Pledgee is entitled to designate an attorney or other
representatives to exercise the Pledge on its behalf, and Pledgor or Party C shall not raise any objection to such exercise.

 

		8.7	When Pledgee disposes of the Pledge in accordance
with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance
with this Agreement.

 

		9.	Breach of Agreement

 

		9.1	If Pledgor or Party C conducts any material breach
of any term of this Agreement, Pledgee shall have right to terminate this Agreement and/or require Pledgor or Party C to indemnify
all damages; this Section 9 shall not prejudice any other rights of Pledgee herein;

 

    11

     

    

 

		9.2	Pledgor or Party C shall not have any right to terminate
this Agreement unilaterally in any event unless otherwise required by applicable laws.

 

		10.	Assignment

 

		10.1	Without Pledgee’s prior written consent, Pledgor
and Party C shall not have the right to assign or delegate their rights and obligations under this Agreement.

 

		10.2	This Agreement shall be binding on Pledgor and his/her
successors and permitted assigns, and shall be valid with respect to Pledgee and each of his/her successors and assigns.

 

		10.3	At any time, Pledgee may assign any and all of its
rights and obligations under the Transaction Documents and this Agreement to its designee(s), in which case the assigns shall
have the rights and obligations of Pledgee under the Transaction Documents and this Agreement, as if it were the original party
to the Transaction Documents and this Agreement.

 

		10.4	In the event of change of Pledgee due to assignment,
Pledgor and/or Party C shall, at the request of Pledgee, execute a new pledge agreement with the new pledgee on the same terms
and conditions as this Agreement, and register the same with the relevant AIC.

 

		11.	Termination

 

		11.1	Upon the fulfillment of all Contract Obligations and
the full payment of all Secured Indebtedness by Pledgor and Party C, Pledgee shall release the Pledge under this Agreement upon
Pledgor’s request as soon as reasonably practicable and shall assist Pledgor to de-register the Pledge from the shareholders’
register of Party C and with relevant AIC.

 

    12

     

    

 

		11.2	The provisions under Sections 9, 13, 14 and 11.2 herein
of this Agreement shall survive the expiration or termination of this Agreement.

 

		12.	Handling Fees and Other Expenses

 

All fees and out of pocket expenses
relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees,
shall be borne by Party C.

 

		13.	Confidentiality

 

The Parties acknowledge that the existence
and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation
and performance of this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such
confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential
information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the
receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or
regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed
by any Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated
hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality
obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director,
employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party and such
Party shall be held liable for breach of this Agreement.

 

    13

     

    

 

		14.	Governing Law and Resolution of Disputes

 

		14.1	The execution, effectiveness, construction, performance,
amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the PRC.

 

		14.2	In the event of any dispute with respect to the construction
and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the
Parties fail to reach an agreement on the dispute through negotiations, either Party may submit the relevant dispute to the China
International Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules and procedures
in effect at that time. The arbitration shall be conducted in Beijing. The arbitration award shall be final and binding on all
Parties.

 

		14.3	To the extent permitted by PRC laws and where appropriate,
the arbitration tribunal may grant any remedies in accordance with the provisions of this Agreement and applicable PRC laws, including
preliminary and permanent injunctive relief (such as injunction against carrying out business activities, or mandating the transfer
of assets), specific performance of contractual obligations, remedies concerning the equity interest or assets of Party C and
awards directing Party C to conduct liquidation. To the extent permitted by PRC laws, when awaiting the formation of the arbitration
tribunal or otherwise under appropriate conditions, either Party may seek preliminary injunctive relief or other interlocutory
remedies from a court with competent jurisdiction to facilitate the arbitration. Without violating the applicable governing laws,
the Parties agree that the courts of Hong Kong, Cayman Islands, China and the place where the principal assets of Party C are
located shall all be deemed to have competent jurisdiction.

 

    14

     

    

 

		14.4	Upon the occurrence of any disputes arising from the
construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under
dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their
respective obligations under this Agreement.

 

		15.	Notices

 

		15.1	All notices and other communications required or permitted
to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial
courier service or by facsimile transmission to the address of such party set forth below. A confirmation copy of each notice
shall also be sent by E-mail. The dates on which notices shall be deemed to have been effectively given shall be determined as
follows:

 

		15.2	Notices given by personal delivery, by courier service
or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at the address specified
for notices.

 

		15.3	Notices given by facsimile transmission shall be deemed
effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

		15.4	For the purpose of notices, the addresses of the Parties
are as follows:

 

		Party A:	Tianjin Kars Information Technology Co., Ltd.

		Address:	12/F, No.3 building, No.799 YangGao SouthRoad,

Pudong Distriet, Shanghai

 

    15

     

    

 

		Attn:	Legal Department

		Phone:	021-6028 8888

 

		Party B:	Shenzhen Tencent Industry Investment Fund Co., Ltd.

		Address:	Tencent Building, Kejizhongyi Avenue,

Hi-tech Park, Nanshan District, Shenzhen

	 	Attn:	Compliance and Transactions Department
		Email:	legalnotice@tencent.com

 

		Address:	Tencent Building, Kejizhongyi Avenue,

                                                                       Hi-tech Park, Nanshan District, Shenzhen

	 	Attn:	Mergers and Acquisitions Department
		Email:	PD_Support@tencent.com

  

		Party C:	Beijing Yixin Information Technology Co., Ltd.

		Address:	5/F, Main building of Tengda building,

No.168,  Xizhimenwai Street, Haidian District, Beijing

		Attn:	Legal Department

		Phone:	010 6849 2345

 

		15.5	Any Party may at any time change its address for notices
by a notice delivered to the other Parties in accordance with the terms hereof.

 

		16.	Severability

 

In the event that one or several of
the provisions of this Contract are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or
regulations, the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or compromised
in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective
provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of
such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

    16

     

    

 

		17.	Entire Agreement

 

Except for the amendments, supplements
or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement reached
by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior oral and written consultations,
representations and contracts reached with respect to the subject matter of this Agreement.

 

		18.	Attachments

 

The attachments set forth herein shall
be an integral part of this Agreement.

 

		19.	Effectiveness

 

		18.1	This Agreement shall become effective upon execution
by the Parties.

 

		18.2	Any amendments, supplements or changes to this Agreement
shall be in writing and shall become effective after the affixation of the signatures or seals of the Parties.

 

		20.	Language and Counterparts

 

This Agreement is written in Chinese
and English in four copies. Pledgor, Pledgee and Party C shall hold one copy respectively and the other copy shall be used for
registration. In case there is any conflict between the Chinese version and the English version, the Chinese version shall prevail.

 

The Remainder of this
page is intentionally left blank 

 

    17

     

    

 

IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

		Party A:	Tianjin Kars Information
Technology Co., Ltd. (Seal)

 

	By:	/s/ Liang Zhu	 
	Name:	Liang Zhu	 
	Title:	Legal Representative	 

 

      

     

    

 

IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

		Party
                          B:	Shenzhen
Tencent Industry Investment Fund Co., Ltd. (seal)

 

	By:	/s/ Yuxin REN	 
	Name:	Yuxin REN	 
	Title:	Legal Representative	 

 

      

     

    

 

IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

		Party
                          C:	Beijing
Yixin Information Technology Co., Ltd. (Seal)

 

	By: 	/s/
    Yongzhi Chen 	 
	Name:	Yongzhi Chen	 
	Title:	Legal Representative	 

 

      

     

    

 

Attachments:

 

		1.	Shareholders’ Register of Party C;

 

		2.	The Capital Contribution Certificate for Party C.

 

      

     

    

   

Equity Interest Pledge Agreement

 

This Equity Interest
Pledge Agreement (this “Agreement”) has been executed by and among the following parties on October 4, 2018 in
Beijing, the People’s Republic of China (“China” or the “PRC”):

 

		Party A:	Tianjin Kars Information Technology Co., Ltd., a
limited liability company, organized and existing under the laws of the PRC, with its address at No.Unit2-102, e building, Haifeng
Logistics Park, No. 600 Luoyang Road, Dongjiang Free Trade Port Zone, Free Trade Pilot Zones, Tianjin;

 

		Party B:	Tianjin Jushen Information Technology Co., Ltd. (hereinafter “Pledgor”),
                                                                                               a                                                                                                limited
                                                                                               liability company                                                                                                organized
                                                                                               and existing under                                                                                                the laws
                                                                                               of                                                                                                the PRC, with its address
                                                                                               at No.Unit2-102, building 3, Haifeng Logistics Park, No. 600 Luoyang Road, Dongjiang Free Trade Port Zone, Free Trade Pilot
                                                                                               Zones, Tianjin;                                                                                                and

 

		Party C:	Beijing Yixin Information Technology Co., Ltd.,
a limited liability company organized and existing under the laws of the PRC, with its address at Suite 953, 9/F, Building 3,
6 Capital Gymnasium South Road, Haidian District, Beijing.

 

In this Agreement, each
of Pledgee, Pledgor and Party C shall be hereinafter referred to as a “Party” individually, and as the “Parties”
collectively.

 

Whereas:

 

		1.	Pledgor
is a limited liability company registered in Tianjin, China who as of the date hereof holds 55.7% of equity interests of Party
C, representing RMB 27,850,000 in the registered capital of Party C. Party C is a limited liability company registered in Beijing,
China, engaging in automobile related financial services. Party C acknowledges the respective rights and obligations of Pledgor
and Pledgee under this Agreement, and intends to provide any necessary assistance in registering the Pledge;

 

    1

     

    

 

		2.	Pledgee is a wholly foreign-owned enterprise registered
in China. Pledgee and Party C which is owned by Pledgor have executed an Exclusive Business Cooperation Agreement (as defined
below) in Beijing; Party C, Pledgee and Pledgor have executed an Exclusive Option Agreement (as defined below); and Pledgor has
executed a Power of Attorney (as defined below) in favor of Pledgee;

 

		3.	To ensure that Party C and Pledgor fully perform their
obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney, Pledgor
hereby pledges to the Pledgee all of the equity interest that Pledgor holds in Party C as security for Party C’s and Pledgor’s
obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney;

 

		1.	Definitions

 

Unless otherwise
provided herein, the terms below shall have the following meanings:

 

		1.1	Pledge: shall refer to the security interest granted by
Pledgor to Pledgee pursuant to Section 2 of this Agreement, i.e., the right of Pledgee to be paid in priority with the Equity
Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale
of the Equity Interest.

 

		1.2	Equity Interest: shall refer to all of the equity interest lawfully now held and hereafter acquired
by Pledgor in Party C.

 

    2

     

    

 

		1.3	Term of Pledge: shall refer to the term set forth in Section 3 of this Agreement.

 

		1.4	Transaction Documents: shall refer to the Exclusive Business Cooperation Agreement executed
                                                                                 by and between Party C and Pledgee on October 4, 2018 (the “Exclusive Business Cooperation Agreement”), the
                                                                                 Exclusive Option Agreement executed by and among Party C, Pledgee and Pledgor on October 4, 2018 (the “Exclusive
                                                                                 Option                                                                                  Agreement”), Power of Attorney
                                                                                 executed on October 4, 2018 by Pledgor (the “Power of Attorney”) and any
                                                                                 modification, amendment and restatement to the aforementioned documents.

 

		1.5	Contract Obligations: shall refer to all the obligations of Pledgor under the Exclusive Option
Agreement, the Power of Attorney and this Agreement; all the obligations of Party C under the Exclusive Business Cooperation Agreement,
the Exclusive Option Agreement and this Agreement.

 

		1.6	Secured Indebtedness: shall refer to all the direct, indirect and derivative losses and losses
of anticipated profits, suffered by Pledgee, incurred as a result of any Event of Default of the Pledgor and/or Party C or invalidity,
revocation and termination of any Transaction Document. The amount of such loss shall be calculated in accordance with but not
limited to the reasonable business plan and profit forecast of Pledgee, the service fees payable to Pledgee under the Exclusive
Business Cooperation Agreement, damages and relevant fees, all expenses occurred in connection with enforcement by Pledgee of Pledgor’s
and/or Party C’s Contract Obligations and etc.

 

		1.7	Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

 

		1.8	Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement
declaring an Event of Default.

 

    3

     

    

 

		2.	Pledge

 

		2.1	Pledgor agrees to pledge all the Equity Interest as security for performance of the Contract Obligations
and payment of the Secured Indebtedness under this Agreement. Party C hereby assents that Pledgor pledges the Equity Interest to
the Pledgee pursuant to this Agreement.

 

		2.2	The effect of the security under this Agreement shall not be affected in any way due to any modification
or change of the Transaction Documents. The security under this Agreement shall remain effective upon the obligations of the Pledgor
and Party C under the revised Transaction Documents. If any Transaction Document becomes invalid, revoked or terminated for any
reason, the Pledgee shall be entitled to immediately exercise the Pledge in accordance with Article 8 of this Agreement.

 

		2.3	During the term of the Pledge, Pledgee is entitled to receive dividends distributed on the Equity
Interest. Pledgor may receive dividends distributed on the Equity Interest only with prior written consent of Pledgee. Dividends
received by Pledgor on Equity Interest after deduction of individual income tax paid by Pledgor shall be, as required by Pledgee,
(1) deposited into an account designated and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured
Indebtedness prior and in preference to making any other payment; or (2) unconditionally donated to Pledgee or any other person
designated by Pledgee to the extent permitted under applicable PRC laws.

 

		2.4	Pledgor may subscribe for capital increase in Party C only with prior written consent of Pledgee.
Any equity interest obtained by Pledgor as a result of Pledgor’s subscription of the increased registered capital of the
Company shall also be deemed as Equity Interest.

 

    4

     

    

 

		2.5	In the event that Party C is required by PRC law to be liquidated or dissolved, any interest distributed
to Pledgor upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be (1) deposited into an account
designate and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured Indebtedness prior and in preference
to make any other payment; or (2) unconditionally donated to Pledgee or any other person designated by Pledgee to the extent permitted
under applicable PRC laws.

 

		3.	Term of Pledge

 

		3.1	The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated
herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective
until all Contract Obligations have been fully performed and all Secured Indebtedness has been fully paid. Pledgor and Party C
shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of
this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated
herein within 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration
of the Pledge, the Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest
pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge
hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound
by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures,
as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered
with the AIC as soon as possible after submission for filing.

 

    5

     

    

 

		3.2	During the Term of Pledge, in the event Pledgor and/or Party C fails to perform the Contract Obligations
or pay Secured Indebtedness, Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the
provisions of this Agreement.

 

		4.	Custody of Records for Equity Interest subject to Pledge

 

		4.1	During the Term of Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee’s
custody the capital contribution certificate for the Equity Interest and the shareholders’ register containing the Pledge
within one week from the execution of this Agreement. Pledgee shall have custody of such documents during the entire Term of Pledge
set forth in this Agreement.

 

		5.	Representations and Warranties of Pledgor and Party
C

 

As of the execution date of this
Agreement, Pledgor and Party C hereby severally represent and warrant to Party A that:

 

		5.1	Party C is a limited liability company duly organized and validly existing under the laws of the
PRC;

 

		5.2	Pledgor is the sole legal and beneficial owner of the Equity Interest;

 

		5.3	Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with
the provisions set forth in this Agreement;

 

		5.4	Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the
Equity Interest;

 

		5.5	They have the power, capacity and authority to execute and deliver this Agreement and to perform
their obligations hereunder. This Agreement, when executed, will constitute their legal, valid and binding obligations and shall
be enforceable against them in accordance with the provisions thereof;

 

    6

     

    

 

		5.6	Pledgor and Party C have obtained any and all approvals and consents from applicable government
authorities and third parties (if required) for execution, delivery and performance of this Agreement; and

 

		5.7	The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC
laws; (ii) conflict with Party C’s articles of association or other constitutional documents; (iii) result in any breach
of or constitute any default under any contract or instrument to which it is a party or by which it is otherwise bound; (iv) result
in any violation of any condition for the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause
any permit or approval granted to any Party to be suspended, cancelled or attached with additional conditions.

 

		6.	Covenants of Pledgor and Party C

 

		6.1	During the term of this Agreement, Pledgor and Party C hereby jointly and severally covenant to
the Pledgee:

 

		6.1.1	Pledgor shall not transfer the Equity Interest, place or permit the existence of any security interest
or other encumbrance on the Equity Interest or any portion thereof, without the prior written consent of Pledgee, except for the
performance of the Transaction Documents; Party C shall not assent to or assist in the aforesaid behaviors;

 

		6.1.2	Pledgor and Party C shall comply with the provisions of all laws and regulations applicable to
the pledge of rights, and within five (5) days of receipt of any notice, order or recommendation issued or prepared by relevant
competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall
comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned
matters upon Pledgee’s reasonable request or upon consent of Pledgee;

 

    7

     

    

 

		6.1.3	Pledgor shall not conduct or allow any activities or actions that would adversely affect Pledgee’s
rights related to the Contract Obligations or the Equity Interest. Pledgor and Party C shall promptly notify Pledgee of any event
or notice received by Pledgor that may have an impact on the Equity Interest or any portion thereof, as well as any event or notice
received by Pledgor that may have an impact on any guarantees and other obligations of Pledgor arising out of this Agreement;

 

		6.1.4	Party C shall complete the registration procedures for extension of the term of operation within
three (3) months prior to the expiration of such term to maintain the validity of this Agreement.

 

		6.2	Pledgor agrees that the rights acquired by Pledgee
in accordance with this Agreement with respect to the Pledge shall not be interrupted or harmed by Pledgor or any heirs or representatives
of Pledgor or any other persons through any legal proceedings.

 

		6.3	To protect or perfect the security interest granted by this Agreement for the Contract Obligations
and Secured Indebtedness, Pledgor hereby undertakes to execute in good faith and to cause other parties who have an interest in
the Pledge to execute all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgor also undertakes to perform
and to cause other parties who have an interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise
by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all relevant documents regarding ownership
of Equity Interest with Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgor undertakes to provide Pledgee
within a reasonable time with all notices, orders and decisions regarding the Pledge that are required by Pledgee.

 

    8

     

    

 

		6.4	Pledgor and Party C shall strictly abide by the provisions of this Agreement and other contracts
jointly or separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations
hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any
remaining rights of Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by Pledgor except in accordance
with the written instructions of Pledgee.

 

		6.5	Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations
and conditions under this Agreement. In the event of failure of or partial performance of its guarantees, promises, agreements,
representations and conditions, the Pledgor is deemed in breach of this Agreement and shall indemnify the Pledgee for all losses
resulting therefrom.

 

		7.	Event of Breach

 

		7.1	The following circumstances shall be deemed Event
of Default:

 

		7.1.1	Pledgor’s any breach to any obligations under
the Transaction Documents and/or this Agreement.

 

		7.1.2	Party C’s any breach to any obligations under
the Transaction Documents and/or this Agreement.

 

    9

     

    

 

		7.2	Upon notice or discovery of the occurrence of any
circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor and Party C shall immediately
notify Pledgee in writing accordingly.

 

		7.3	Unless an Event of Default set forth in this Section
7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee delivers a notice
to the Pledgor and/or Party C requesting rectification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor
in writing at any time thereafter, demanding the Pledgor to immediately exercise the Pledge in accordance with the provisions
of Section 8 of this Agreement.

 

		8.	Exercise of Pledge

 

		8.1	Pledgee shall issue a written Notice of Default to
Pledgor when it exercises the Pledge.

 

		8.2	Subject to the provisions of Section 7.3, Pledgee
may exercise the right to enforce the Pledge at any time after the issuance of the Notice of Default in accordance with Section
8.1.

 

		8.3	After Pledgee issues a Notice of Default to Pledgor
in accordance with Section 8.1, Pledgee may exercise any remedy measure under applicable PRC laws, the Transaction Documents and
this Agreement, including but not limited to being paid in priority with the Equity Interest based on the monetary valuation that
such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest. The Pledgee shall not
be liable for any loss incurred by its due exercise of such rights and powers.

 

    10

     

    

 

		8.4	The proceeds from exercise of the Pledge by Pledgee
shall be used to pay for tax and expenses incurred as result of disposing the Equity Interest and to perform Contract Obligations
and pay the Secured Indebtedness to the Pledgee prior and in preference to any other payment. After the payment of the aforementioned
amounts, the remaining balance shall be returned to Pledgor or any other person who have rights to such balance under applicable
laws or be deposited to the local notary public office where Pledgor resides, with all expense incurred being borne by Pledgor.
To the extent permitted under applicable PRC laws, Pledgor shall unconditionally donate the aforementioned proceeds to Pledgee
or any other person designated by Pledgee.

 

		8.5	Pledgee may exercise any remedy measure available
simultaneously or in any order. Pledgee may exercise the right to being paid in priority with the Equity Interest based on the
monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest
under this Agreement, without exercising any other remedy measure first.

 

		8.6	Pledgee is entitled to designate an attorney or other
representatives to exercise the Pledge on its behalf, and Pledgor or Party C shall not raise any objection to such exercise.

 

		8.7	When Pledgee disposes of the Pledge in accordance
with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance
with this Agreement.

 

		9.	Breach of Agreement

 

		9.1	If Pledgor or Party C conducts any material breach
of any term of this Agreement, Pledgee shall have right to terminate this Agreement and/or require Pledgor or Party C to indemnify
all damages; this Section 9 shall not prejudice any other rights of Pledgee herein;

 

    11

     

    

 

		9.2	Pledgor or Party C shall not have any right to terminate
this Agreement unilaterally in any event unless otherwise required by applicable laws.

 

		10.	Assignment

 

		10.1	Without Pledgee’s prior written consent, Pledgor
and Party C shall not have the right to assign or delegate their rights and obligations under this Agreement.

 

		10.2	This Agreement shall be binding on Pledgor and his/her
successors and permitted assigns, and shall be valid with respect to Pledgee and each of his/her successors and assigns.

 

		10.3	At any time, Pledgee may assign any and all of its
rights and obligations under the Transaction Documents and this Agreement to its designee(s), in which case the assigns shall
have the rights and obligations of Pledgee under the Transaction Documents and this Agreement, as if it were the original party
to the Transaction Documents and this Agreement.

 

		10.4	In the event of change of Pledgee due to assignment,
Pledgor and/or Party C shall, at the request of Pledgee, execute a new pledge agreement with the new pledgee on the same terms
and conditions as this Agreement, and register the same with the relevant AIC.

 

		11.	Termination

 

		11.1	Upon the fulfillment of all Contract Obligations and
the full payment of all Secured Indebtedness by Pledgor and Party C, Pledgee shall release the Pledge under this Agreement upon
Pledgor’s request as soon as reasonably practicable and shall assist Pledgor to de-register the Pledge from the shareholders’
register of Party C and with relevant AIC.

 

    12

     

    

 

		11.2	The provisions under Sections 9, 13, 14 and 11.2 herein
of this Agreement shall survive the expiration or termination of this Agreement.

 

		12.	Handling Fees and Other Expenses

 

All fees and out of pocket expenses
relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees,
shall be borne by Party C.

 

		13.	Confidentiality

 

The Parties acknowledge that the existence
and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation
and performance of this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such
confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential
information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the
receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or
regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed
by any Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated
hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality
obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director,
employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party and such
Party shall be held liable for breach of this Agreement.

 

    13

     

    

 

		14.	Governing Law and Resolution of Disputes

 

		14.1	The execution, effectiveness, construction, performance,
amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the PRC.

 

		14.2	In the event of any dispute with respect to the construction
and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the
Parties fail to reach an agreement on the dispute through negotiations, either Party may submit the relevant dispute to the China
International Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules and procedures
in effect at that time. The arbitration shall be conducted in Beijing. The arbitration award shall be final and binding on all
Parties.

 

		14.3	To the extent permitted by PRC laws and where appropriate,
the arbitration tribunal may grant any remedies in accordance with the provisions of this Agreement and applicable PRC laws, including
preliminary and permanent injunctive relief (such as injunction against carrying out business activities, or mandating the transfer
of assets), specific performance of contractual obligations, remedies concerning the equity interest or assets of Party C and
awards directing Party C to conduct liquidation. To the extent permitted by PRC laws, when awaiting the formation of the arbitration
tribunal or otherwise under appropriate conditions, either Party may seek preliminary injunctive relief or other interlocutory
remedies from a court with competent jurisdiction to facilitate the arbitration. Without violating the applicable governing laws,
the Parties agree that the courts of Hong Kong, Cayman Islands, China and the place where the principal assets of Party C are
located shall all be deemed to have competent jurisdiction.

 

    14

     

    

 

		14.4	Upon the occurrence of any disputes arising from the
construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under
dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their
respective obligations under this Agreement.

 

		15.	Notices

 

		15.1	All notices and other communications required or permitted
to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial
courier service or by facsimile transmission to the address of such party set forth below. A confirmation copy of each notice
shall also be sent by E-mail. The dates on which notices shall be deemed to have been effectively given shall be determined as
follows:

 

		15.2	Notices given by personal delivery, by courier service
or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at the address specified
for notices.

 

		15.3	Notices given by facsimile transmission shall be deemed
effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

		15.4	For the purpose of notices, the addresses of the Parties
are as follows:

 

		Party A:	Tianjin Kars Information Technology Co., Ltd.

		Address:	12/F, No.3 building, No.799 YangGao SouthRoad,

Pudong District, Shanghai

 

    15

     

    

 

		Attn:	Legal Department

		Phone:	021-6028 8888

 

		Party B:	Tianjin Jushen Information Technology Co., Ltd.

		Address:	5/F, main building, Tengda Building,

No. 168 Xizhimenwai Street, Haidian District, Beijing

		Phone:	010 6849 2345

 

		Party C:	Beijing Yixin Information Technology Co., Ltd.

		Address:	5/F, Main building of Tengda building,

                                                                       No.168,  Xizhimenwai Street, Haidian District, Beijing

		Attn:	Legal Department

		Phone:	010 6849 2345

 

		15.5	Any Party may at any time change its address for notices
by a notice delivered to the other Parties in accordance with the terms hereof.

 

		16.	Severability

 

In the event that one or several of
the provisions of this Contract are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or
regulations, the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or compromised
in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective
provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of
such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

    16

     

    

 

		17.	Entire Agreement

 

Except for the amendments, supplements
or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement reached
by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior oral and written consultations,
representations and contracts reached with respect to the subject matter of this Agreement.

 

		18.	Attachments

 

The attachments set forth herein shall
be an integral part of this Agreement.

 

		19.	Effectiveness

 

		18.1	This Agreement shall become effective upon execution
by the Parties.

 

		18.2	Any amendments, supplements or changes to this Agreement
shall be in writing and shall become effective after the affixation of the signatures or seals of the Parties.

 

		20.	Language and Counterparts

 

This Agreement is written in Chinese
and English in four copies. Pledgor, Pledgee and Party C shall hold one copy respectively and the other copy shall be used for
registration. In case there is any conflict between the Chinese version and the English version, the Chinese version shall prevail.

 

The Remainder of this
page is intentionally left blank 

 

    17

     

    

 

IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

		Party A:	Tianjin Kars Information
Technology Co., Ltd. (Seal)

 

	By:	/s/ Liang Zhu	 
	Name:	Liang Zhu	 
	Title:	Legal Representative	 

 

      

     

    

 

IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

		Party
                          B:	Tianjin
Jushen Information Technology Co., Ltd. (seal)

 

	By:	/s/ Yongzhi Chen	 
	Name:	Yongzhi Chen	 
	Title:	Legal Representative	 

 

      

     

    

 

IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

		Party
                          C:	Beijing
Yixin Information Technology Co., Ltd. (Seal)

 

	By: 	/s/
    Yongzhi Chen 	 
	Name:	Yongzhi Chen	 
	Title:	Legal Representative	 

 

      

     

    

 

Attachments:

 

		1.	Shareholders’ Register of Party C;

 

		2.	The Capital Contribution Certificate for Party C.Exhibit
4.24

 

Power of Attorney

 

We, Beijing Jiasheng
Investment Management Co., Ltd., a limited liability company organized and existing under the laws of the PRC, with its address
at Floor 20, Block A, Building 1, No.19 Ronghua Mid Road, Economic Technological Development Area, Beijing, executes this Power
of Attorney on October 4, 2018, effective as of the date hereof. We are a holder of 17.7% of the equity interests in Beijing
Yixin Information Technology Co., Ltd. (“Beijing Yixin” or the “Company”).

 

For the equity interests
in Beijing Yixin that are held by us now and will be held by us in the future (“Our Shareholding”), we hereby irrevocably
authorize Tianjin Kars Information Technology Co., Ltd. (“Tianjin Kars”, including its successors and liquidator in
replacement of Tianjin Kars, if applicable) or its designee(s) to be appointed by it at its sole discretion (including without
limitation any director of Tianjin Kars) (the “Designee”) to represent us to exercise all rights concerning Our Shareholding
under applicable laws, regulations and the articles of association of the Company during the term of this Power of Attorney as
our sole exclusive agent, including without limitation the following rights (collectively, the “Shareholder’s Rights”):

 

		(a)	Proposing to convene and attend shareholders’ meeting of the Company;

 

		(b)	Receiving any notice of the convening the shareholders’ meeting and related discussion procedure;

 

		(c)	Representing us in executing and delivering any written resolution as a shareholder on our behalf;

 

		(d)	Voting on any matters discussed in the shareholders’ meeting (including without limitation
sale, transfer, mortgage, pledge or disposal of any or all assets of the Company) personally or by proxy;

 

     

     

    

 

		(e)	Selling, transferring, pledging or otherwise disposing of any or all equity interests in the Company
held by us;

 

		(f)	Nominating, electing, designating or appointing and removing the legal representative, directors,
general manager, chief financial officer, supervisors and other senior officers of the Company;

 

		(g)	Supervising the operating performance of the Company, approving annual budget of the Company or
declaring dividends, and inspecting financial information of the Company at any time;

 

		(h)	Representing a shareholder to execute and deliver any written resolutions and minutes on behalf
of the shareholders;

 

		(i)	Approving the Company to submit any registration documents to competent government authorities;

 

		(j)	Representing the shareholders to exercise voting rights with regards to the liquidation matters of
the Company;

 

		(k)	When the directors or managers of the Company act in a manner harming the interests of the Company
or its shareholders, filing a lawsuit against such directors or managers as a shareholder or taking other legal actions;

 

		(l)	Approving amendments to the articles of association of the Company; and

 

		(m)	Any other rights vested in the shareholder by the articles of association of the Company or relevant
laws and regulations.

 

     

     

    

 

We hereby further agree
and covenant:

 

The Designee shall
have the power and authority to, on behalf of us, execute all the documents we shall sign as stipulated in the Exclusive
Option Agreement entered into by and among ourselves, Tianjin Kars and Beijing Yixin on October 4, 2018 and the
Equity Interest Pledge Agreement entered into by and among ourselves, Tianjin Kars and Beijing Yixin on October 4, 2018
(including any modification, amendment and restatement thereto, collectively the “Transaction Documents”), and
perform the terms of the Transaction Documents. The exercise of these rights shall not constitute any restriction on the
granting of rights hereunder.

 

All the actions
associated with Our Shareholding conducted by the Designee shall be deemed as actions conducted by ourselves, and all the documents
related to Our Shareholding executed by Tianjin Kars shall be deemed to be executed by us, all of which we hereby acknowledge and
ratify.

 

Tianjin Kars is entitled
to re-authorize or assign its rights related to the aforesaid matters to any other person or entity at its own discretion and without
giving prior notice to us or obtaining our consent. If required by PRC laws, Tianjin Kars shall designate a PRC citizen or other
person or entities to exercise the aforementioned rights. Once Tianjin Kars notifies us in writing that it assigns its rights under
this Power of Attorney to a third party, we will immediately withdraw the entrustment and authorization to Tianjin Kars herein
and immediately execute a power of attorney with the same form as this Power of Attorney to make the same authorization and entrustment
as this Power of Attorney to other persons nominated by Tianjin Kars. In case we lose corporate status due to merger, division,
termination, winding-up, dissolution, liquidation or other reasons, or other events that could affect our rights as shareholder
of Beijing Yixin occur, our successor, administrator or liquidator shall inherit and manage our rights as shareholder of Beijing
Yixin, provided that they shall covenant to comply with this Power of Attorney.

 

     

     

    

 

We undertake not to
take any action in violation of the purpose or intent of the Transaction Documents and this Power of Attorney, and to refrain from
any action or omission that may cause the conflict of interests between Tianjin Kars and Beijing Yixin or its subsidiaries; in
the case of conflict of interests, we undertake to support the lawful interests of Tianjin Kars and perform actions reasonably
required by Tianjin Kars. We undertake that, without prior written consent of Tianjin Kars, we will not use the information acquired
from Beijing Yixin to engage in any business in competition or possible competition with the business of Beijing Yixin or its affiliated
companies. For the avoidance of doubt, this Power of Attorney shall not be considered an authorization for us or other non-independent
persons or persons that may cause conflicts of interest to exercise the rights conferred by this Power of Attorney.

 

During the period that
we are a shareholder of Beijing Yixin, this Power of Attorney is irrevocable and remains effective from the date of signing of
this Power of Attorney, unless Tianjin Kars has given written instructions to the opposite.

 

In the event of any
dispute with respect to the construction and performance of this Power of Attorney, either we or Tianjin Kars/Tianjin Kars’s
designee(s) to be appointed by it at its sole discretion (including its successors and liquidator in replacement of Tianjin Kars,
if applicable) may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration,
in accordance with its Arbitration Rules and procedures in effect at the time. The arbitration shall be conducted in Beijing. The
arbitration award shall be final and binding on all parties. To the extent permitted by PRC laws, the arbitration tribunal may
grant any remedies in accordance with the provisions of this Power of Attorney and applicable PRC laws, including preliminary and
permanent injunctive relief (such as injunction against carrying out business activities, or mandating the transfer of assets),
specific performance of contractual obligations, remedies concerning the equity interest or assets of Beijing Yixin and awards
directing Beijing Yixin to conduct liquidation. To the extent permitted by PRC laws, when awaiting the formation of the arbitration
tribunal or otherwise under appropriate conditions, either we or Tianjin Kars/Tianjin Kars’s designee(s) to be appointed
by it at its sole discretion (including its successors and liquidator in replacement of Tianjin Kars, if applicable) may seek preliminary
injunctive relief or other interlocutory remedies from a court with competent jurisdiction to facilitate the arbitration. Without
violating the applicable governing laws, the courts of Hong Kong, Cayman Islands, China and the place where the principal assets
of Beijing Yixin are located shall all be deemed to have competent jurisdiction. During the arbitration, except for the matters
under dispute and contested by ourselves or Tianjin Kars/Tianjin Kars’s designee(s) to be appointed by it at its sole discretion
(including its successors and liquidator in replacement of Tianjin Kars, if applicable), this Power of Attorney shall remain effective.

 

     

     

    

 

During the term of this
Power of Attorney, we hereby waive all the rights associated with Our Shareholding, which have been authorized to Tianjin Kars
through this Power of Attorney, and shall not exercise such rights by ourselves.

 

This Power of Attorney
is written in Chinese and English. In the case of any conflicts between Chinese version and English version, the Chinese version
shall prevail.

 

[Remainder of This Page
Intentionally Left Blank]

 

     

     

    

 

[Signature Page to Power
of Attorney]

 

	 	Beijing Jiasheng Investment Management

Co., Ltd. (seal)
	 	 	 
	 	By:	/s/ Pang ZHANG
	 	Name:	Pang ZHANG
	 	Title: 	Legal Representative

 

	 	Date:  October 4, 2018

 

     

     

    

 

[Signature Page to Power
of Attorney]

 

Tianjin Kars Information Technology Co.,
 Ltd. hereby agrees and accepts this Power of Attorney:

 

	Tianjin Kars Information Technology Co., Ltd. (seal)	 
	 	 	 
	By:	/s/ Liang Zhu	 
	Name:	Liang Zhu	 
	Title:	Legal Representative	 

 

Beijing Yixin Information
Technology Co., Ltd. hereby agrees and acknowledges this Power of Attorney:

 

	Beijing Yixin Information Technology Co., Ltd. (seal)	 
	 	 	 
	By:	/s/ Yongzhi Chen	 
	Name:	Yongzhi Chen	 
	Title:	Legal Representative	 

 

     

     

    

 

Power of Attorney

 

We, Shenzhen Tencent
Industry Investment Fund Co., Ltd., a limited liability company organized and existing under the laws of the PRC, with its address
at B815, Wuhan University Shenzen Chanxueyan Building, No. 6 Yuexing Second Road, Nanshan District, Senzhen, executes this Power
of Attorney on October 4, 2018, effective as of the date hereof. We are a holder of 26.6% of the equity interests in Beijing Yixin
Information Technology Co., Ltd. (“Beijing Yixin” or the “Company”).

 

For the equity interests
in Beijing Yixin that are held by us now and will be held by us in the future (“Our Shareholding”), we hereby irrevocably
authorize Tianjin Kars Information Technology Co., Ltd. (“Tianjin Kars”, including its successors and liquidator in
replacement of Tianjin Kars, if applicable) or its designee(s) to be appointed by it at its sole discretion (including without
limitation any director of Tianjin Kars) (the “Designee”) to represent us to exercise all rights concerning Our Shareholding
under applicable laws, regulations and the articles of association of the Company during the term of this Power of Attorney as
our sole exclusive agent, including without limitation the following rights (collectively, the “Shareholder’s Rights”):

 

		(a)	Proposing to convene and attend shareholders’ meeting of the Company;

 

		(b)	Receiving any notice of the convening the shareholders’ meeting and related discussion procedure;

 

		(c)	Representing us in executing and delivering any written resolution as a shareholder on our behalf;

 

		(d)	Voting on any matters discussed in the shareholders’ meeting (including without limitation
sale, transfer, mortgage, pledge or disposal of any or all assets of the Company) personally or by proxy;

 

     

     

    

 

		(e)	Selling, transferring, pledging or otherwise disposing of any or all equity interests in the Company
held by us;

 

		(f)	Nominating, electing, designating or appointing and removing the legal representative, directors,
general manager, chief financial officer, supervisors and other senior officers of the Company;

 

		(g)	Supervising the operating performance of the Company, approving annual budget of the Company or
declaring dividends, and inspecting financial information of the Company at any time;

 

		(h)	Representing a shareholder to execute and deliver any written resolutions and minutes on behalf
of the shareholders;

 

		(i)	Approving the Company to submit any registration documents to competent government authorities;

 

		(j)	Representing the shareholders to exercise voting rights with regards to the liquidation matters of
the Company;

 

		(k)	When the directors or managers of the Company act in a manner harming the interests of the Company
or its shareholders, filing a lawsuit against such directors or managers as a shareholder or taking other legal actions;

 

		(l)	Approving amendments to the articles of association of the Company; and

 

		(m)	Any other rights vested in the shareholder by the articles of association of the Company or relevant
laws and regulations.

 

     

     

    

 

We hereby further agree
and covenant:

 

The Designee shall
have the power and authority to, on behalf of us, execute all the documents we shall sign as stipulated in the Exclusive
Option Agreement entered into by and among ourselves, Tianjin Kars and Beijing Yixin on October 4, 2018 and the Equity
Interest Pledge Agreement entered into by and among ourselves, Tianjin Kars and Beijing Yixin on October 4, 2018 (including
any modification, amendment and restatement thereto, collectively the “Transaction Documents”), and perform the
terms of the Transaction Documents. The exercise of these rights shall not constitute any restriction on the granting of
rights hereunder.

 

All the actions
associated with Our Shareholding conducted by the Designee shall be deemed as actions conducted by ourselves, and all the documents
related to Our Shareholding executed by Tianjin Kars shall be deemed to be executed by us, all of which we hereby acknowledge and
ratify.

 

Tianjin Kars is entitled
to re-authorize or assign its rights related to the aforesaid matters to any other person or entity at its own discretion and without
giving prior notice to us or obtaining our consent. If required by PRC laws, Tianjin Kars shall designate a PRC citizen or other
person or entities to exercise the aforementioned rights. Once Tianjin Kars notifies us in writing that it assigns its rights under
this Power of Attorney to a third party, we will immediately withdraw the entrustment and authorization to Tianjin Kars herein
and immediately execute a power of attorney with the same form as this Power of Attorney to make the same authorization and entrustment
as this Power of Attorney to other persons nominated by Tianjin Kars. In case we lose corporate status due to merger, division,
termination, winding-up, dissolution, liquidation or other reasons, or other events that could affect our rights as shareholder
of Beijing Yixin occur, our successor, administrator or liquidator shall inherit and manage our rights as shareholder of Beijing
Yixin, provided that they shall covenant to comply with this Power of Attorney.

 

     

     

    

 

We undertake not to
take any action in violation of the purpose or intent of the Transaction Documents and this Power of Attorney, and to refrain from
any action or omission that may cause the conflict of interests between Tianjin Kars and Beijing Yixin or its subsidiaries; in
the case of conflict of interests, we undertake to support the lawful interests of Tianjin Kars and perform actions reasonably
required by Tianjin Kars. We undertake that, without prior written consent of Tianjin Kars, we will not use the information acquired
from Beijing Yixin to engage in any business in competition or possible competition with the business of Beijing Yixin or its affiliated
companies. For the avoidance of doubt, this Power of Attorney shall not be considered an authorization for us or other non-independent
persons or persons that may cause conflicts of interest to exercise the rights conferred by this Power of Attorney.

 

During the period that
we are a shareholder of Beijing Yixin, this Power of Attorney is irrevocable and remains effective from the date of signing of
this Power of Attorney, unless Tianjin Kars has given written instructions to the opposite.

 

In the event of any
dispute with respect to the construction and performance of this Power of Attorney, either we or Tianjin Kars/Tianjin Kars’s
designee(s) to be appointed by it at its sole discretion (including its successors and liquidator in replacement of Tianjin Kars,
if applicable) may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration,
in accordance with its Arbitration Rules and procedures in effect at the time. The arbitration shall be conducted in Beijing. The
arbitration award shall be final and binding on all parties. To the extent permitted by PRC laws, the arbitration tribunal may
grant any remedies in accordance with the provisions of this Power of Attorney and applicable PRC laws, including preliminary and
permanent injunctive relief (such as injunction against carrying out business activities, or mandating the transfer of assets),
specific performance of contractual obligations, remedies concerning the equity interest or assets of Beijing Yixin and awards
directing Beijing Yixin to conduct liquidation. To the extent permitted by PRC laws, when awaiting the formation of the arbitration
tribunal or otherwise under appropriate conditions, either we or Tianjin Kars/Tianjin Kars’s designee(s) to be appointed
by it at its sole discretion (including its successors and liquidator in replacement of Tianjin Kars, if applicable) may seek preliminary
injunctive relief or other interlocutory remedies from a court with competent jurisdiction to facilitate the arbitration. Without
violating the applicable governing laws, the courts of Hong Kong, Cayman Islands, China and the place where the principal assets
of Beijing Yixin are located shall all be deemed to have competent jurisdiction. During the arbitration, except for the matters
under dispute and contested by ourselves or Tianjin Kars/Tianjin Kars’s designee(s) to be appointed by it at its sole discretion
(including its successors and liquidator in replacement of Tianjin Kars, if applicable), this Power of Attorney shall remain effective.

 

     

     

    

 

During the term of this
Power of Attorney, we hereby waive all the rights associated with Our Shareholding, which have been authorized to Tianjin Kars
through this Power of Attorney, and shall not exercise such rights by ourselves.

 

This Power of Attorney
is written in Chinese and English. In the case of any conflicts between Chinese version and English version, the Chinese version
shall prevail.

 

[Remainder of This Page
Intentionally Left Blank]

 

     

     

    

 

[Signature Page to Power
of Attorney]

 

	 	Shenzhen Tencent Industry Investment

Fund Co., Ltd. (seal)
	 	 	 
	 	By:	/s/ Yuxin REN
	 	Name:	Yuxin REN
	 	Title: 	Legal Representative

 

	 	Date:  October 4, 2018

 

     

     

    

 

[Signature Page to Power
of Attorney]

 

Tianjin Kars Information Technology Co.,
 Ltd. hereby agrees and accepts this Power of Attorney:

 

	Tianjin Kars Information Technology Co., Ltd. (seal)	 
	 	 	 
	By:	/s/ Liang Zhu	 
	Name:	Liang Zhu	 
	Title:	Legal Representative	 

 

Beijing Yixin Information
Technology Co., Ltd. hereby agrees and acknowledges this Power of Attorney:

 

	Beijing Yixin Information Technology Co., Ltd. (seal)	 
	 	 	 
	By:	/s/ Yongzhi Chen	 
	Name:	Yongzhi Chen	 
	Title:	Legal Representative	 

 

     

     

    

 

Power of Attorney

 

We, Tianjin Jushen Information
Technology Co., Ltd., a limited liability company organized and existing under the laws of the PRC, with its address at No. 2-102,
building 3, Haifeng Logistics Park, No. 600 Luoyang Road, Dongjiang Free Trade Port Zone, Free Trade Pilot Zones, Tianjin, executes
this Power of Attorney on October 4, 2018, effective as of the date hereof. We are a holder of 55.7% of the equity interests in
Beijing Yixin Information Technology Co., Ltd. (“Beijing Yixin” or the “Company”).

 

For the equity interests
in Beijing Yixin that are held by us now and will be held by us in the future (“Our Shareholding”), we hereby irrevocably
authorize Tianjin Kars Information Technology Co., Ltd. (“Tianjin Kars”, including its successors and liquidator in
replacement of Tianjin Kars, if applicable) or its designee(s) to be appointed by it at its sole discretion (including without
limitation any director of Tianjin Kars) (the “Designee”) to represent us to exercise all rights concerning Our Shareholding
under applicable laws, regulations and the articles of association of the Company during the term of this Power of Attorney as
our sole exclusive agent, including without limitation the following rights (collectively, the “Shareholder’s Rights”):

 

		(a)	Proposing to convene and attend shareholders’ meeting of the Company;

 

		(b)	Receiving any notice of the convening the shareholders’ meeting and related discussion procedure;

 

		(c)	Representing us in executing and delivering any written resolution as a shareholder on our behalf;

 

		(d)	Voting on any matters discussed in the shareholders’ meeting (including without limitation
sale, transfer, mortgage, pledge or disposal of any or all assets of the Company) personally or by proxy;

 

     

     

    

 

		(e)	Selling, transferring, pledging or otherwise disposing of any or all equity interests in the Company
held by us;

 

		(f)	Nominating, electing, designating or appointing and removing the legal representative, directors,
general manager, chief financial officer, supervisors and other senior officers of the Company;

 

		(g)	Supervising the operating performance of the Company, approving annual budget of the Company or
declaring dividends, and inspecting financial information of the Company at any time;

 

		(h)	Representing a shareholder to execute and deliver any written resolutions and minutes on behalf
of the shareholders;

 

		(i)	Approving the Company to submit any registration documents to competent government authorities;

 

		(j)	Representing the shareholders to exercise voting rights with regards to the liquidation matters of
the Company;

 

		(k)	When the directors or managers of the Company act in a manner harming the interests of the Company
or its shareholders, filing a lawsuit against such directors or managers as a shareholder or taking other legal actions;

 

		(l)	Approving amendments to the articles of association of the Company; and

 

		(m)	Any other rights vested in the shareholder by the articles of association of the Company or relevant
laws and regulations.

 

     

     

    

 

We hereby further agree
and covenant:

 

The Designee shall
have the power and authority to, on behalf of us, execute all the documents we shall sign as stipulated in the Exclusive
Option Agreement entered into by and among ourselves, Tianjin Kars and Beijing Yixin on October 4, 2018 and the Equity
Interest Pledge Agreement entered into by and among ourselves, Tianjin Kars and Beijing Yixin on October 4, 2018 (including
any modification, amendment and restatement thereto, collectively the “Transaction Documents”), and perform the
terms of the Transaction Documents. The exercise of these rights shall not constitute any restriction on the granting of
rights hereunder.

 

All the actions
associated with Our Shareholding conducted by the Designee shall be deemed as actions conducted by ourselves, and all the documents
related to Our Shareholding executed by Tianjin Kars shall be deemed to be executed by us, all of which we hereby acknowledge and
ratify.

 

Tianjin Kars is entitled
to re-authorize or assign its rights related to the aforesaid matters to any other person or entity at its own discretion and without
giving prior notice to us or obtaining our consent. If required by PRC laws, Tianjin Kars shall designate a PRC citizen or other
person or entities to exercise the aforementioned rights. Once Tianjin Kars notifies us in writing that it assigns its rights under
this Power of Attorney to a third party, we will immediately withdraw the entrustment and authorization to Tianjin Kars herein
and immediately execute a power of attorney with the same form as this Power of Attorney to make the same authorization and entrustment
as this Power of Attorney to other persons nominated by Tianjin Kars. In case we lose corporate status due to merger, division,
termination, winding-up, dissolution, liquidation or other reasons, or other events that could affect our rights as shareholder
of Beijing Yixin occur, our successor, administrator or liquidator shall inherit and manage our rights as shareholder of Beijing
Yixin, provided that they shall covenant to comply with this Power of Attorney.

 

     

     

    

 

We undertake not to
take any action in violation of the purpose or intent of the Transaction Documents and this Power of Attorney, and to refrain from
any action or omission that may cause the conflict of interests between Tianjin Kars and Beijing Yixin or its subsidiaries; in
the case of conflict of interests, we undertake to support the lawful interests of Tianjin Kars and perform actions reasonably
required by Tianjin Kars. We undertake that, without prior written consent of Tianjin Kars, we will not use the information acquired
from Beijing Yixin to engage in any business in competition or possible competition with the business of Beijing Yixin or its affiliated
companies. For the avoidance of doubt, this Power of Attorney shall not be considered an authorization for us or other non-independent
persons or persons that may cause conflicts of interest to exercise the rights conferred by this Power of Attorney.

 

During the period that
we are a shareholder of Beijing Yixin, this Power of Attorney is irrevocable and remains effective from the date of signing of
this Power of Attorney, unless Tianjin Kars has given written instructions to the opposite.

 

In the event of any
dispute with respect to the construction and performance of this Power of Attorney, either we or Tianjin Kars/Tianjin Kars’s
designee(s) to be appointed by it at its sole discretion (including its successors and liquidator in replacement of Tianjin Kars,
if applicable) may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration,
in accordance with its Arbitration Rules and procedures in effect at the time. The arbitration shall be conducted in Beijing. The
arbitration award shall be final and binding on all parties. To the extent permitted by PRC laws, the arbitration tribunal may
grant any remedies in accordance with the provisions of this Power of Attorney and applicable PRC laws, including preliminary and
permanent injunctive relief (such as injunction against carrying out business activities, or mandating the transfer of assets),
specific performance of contractual obligations, remedies concerning the equity interest or assets of Beijing Yixin and awards
directing Beijing Yixin to conduct liquidation. To the extent permitted by PRC laws, when awaiting the formation of the arbitration
tribunal or otherwise under appropriate conditions, either we or Tianjin Kars/Tianjin Kars’s designee(s) to be appointed
by it at its sole discretion (including its successors and liquidator in replacement of Tianjin Kars, if applicable) may seek preliminary
injunctive relief or other interlocutory remedies from a court with competent jurisdiction to facilitate the arbitration. Without
violating the applicable governing laws, the courts of Hong Kong, Cayman Islands, China and the place where the principal assets
of Beijing Yixin are located shall all be deemed to have competent jurisdiction. During the arbitration, except for the matters
under dispute and contested by ourselves or Tianjin Kars/Tianjin Kars’s designee(s) to be appointed by it at its sole discretion
(including its successors and liquidator in replacement of Tianjin Kars, if applicable), this Power of Attorney shall remain effective.

 

     

     

    

 

During the term of this
Power of Attorney, we hereby waive all the rights associated with Our Shareholding, which have been authorized to Tianjin Kars
through this Power of Attorney, and shall not exercise such rights by ourselves.

 

This Power of Attorney
is written in Chinese and English. In the case of any conflicts between Chinese version and English version, the Chinese version
shall prevail.

 

[Remainder of This Page
Intentionally Left Blank]

 

     

     

    

 

[Signature Page to Power
of Attorney]

 

	 	Tianjin Jushen Information Technology

Co., Ltd. (seal)
	 	 	 
	 	By:	/s/ Yongzhi Chen
	 	Name:	Yongzhi Chen
	 	Title: 	Legal Representative

 

	 	Date:  October 4, 2018

 

     

     

    

 

[Signature Page to Power
of Attorney]

 

Tianjin Kars Information Technology Co.,
 Ltd. hereby agrees and accepts this Power of Attorney:

 

	Tianjin Kars Information Technology Co., Ltd. (seal)	 
	 	 	 
	By:	/s/ Liang Zhu	 
	Name:	Liang Zhu	 
	Title:	Legal Representative	 

 

Beijing Yixin Information
Technology Co., Ltd. hereby agrees and acknowledges this Power of Attorney:

 

	Beijing Yixin Information Technology Co., Ltd. (seal)	 
	 	 	 
	By:	/s/ Yongzhi Chen	 
	Name:	Yongzhi Chen	 
	Title:	Legal Representative

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