TuanChe Limited announced the appointment of Mr. Hui Yuan as Chief Operating Officer, reporting to Mr. Wei Wen, Chairman and Chief Executive Officer of TuanChe. The appointment is effective on May 27, 2019. As Chief Operating Officer of the Company, Mr. Yuan will oversee the development of TuanChe’s omni-channel marketplace as well as the ongoing optimization of user experience. In addition, he will lead the Company’s efforts in product research and development, online marketing, big data operations, as well as new sales and marketing initiatives. The Company also announced that Mr. Jianchen Sun, previously Chief Operating Officer of the Company, has been appointed as President of TuanChe, effective on May 27, 2019. Mr. Sun will report to Mr. Wei Wen, Chairman and Chief Executive Officer of TuanChe. Mr. Sun is a co-founder of the Company and has been serving as a director in addition to Chief Operating Officer since 2010. In his new role, Mr. Sun will continue to leverage his extensive management experience to oversee the Company’s offline marketing services and virtual dealership operations, strengthen the current business model and support the ongoing implementation of growth strategies. At the same time, Mr. Sun will retain his current role as a director and continue to serve on the board of directors of the Company.