Lentuo Announces CFO Assigned to Leadership Role

Lentuo International Inc. (NYSE: LAS) ("Lentuo" or the "Company") today announced that its Chief Financial Officer, Jianping Chen has been assigned to a leadership role in Lentuo's ongoing joint venture project with Itochu Corporation. She will play a major, multi-functional role in the establishment of the joint venture and the launch of its operations, and will assume a senior executive role at the joint venture after it is established. The project is currently in the final stages of government approval. As a result of her new position, Ms. Chen has resigned from her current position of Chief Financial Officer effective May 17, 2013."Ms. Chen is uniquely qualified to lead this highly strategic project for Lentuo by virtue of her international experience, outstanding ability to bridge cultures, and the critical role she has played so far in building this partnership with Itochu Corporation, a Global Fortune 500 company with an established track record in high-end car dealerships in Asia. With her active involvement, Lentuo's management team identified Itochu Corporation as the most valuable partner for the Company and she negotiated the major terms and conditions of the deal, and led our team working See full press release