Autochina Intl Ord (OTCQB:AUTCF)

SHIJIAZHUANG, CHINA--(Marketwired - Sep 10, 2015) -  Fincera Inc. ("Fincera" or the "Company") (OTCQB: AUTCF), a leading provider of web-based financing and ecommerce services for China's transportation and automobile industries, today announced that Honest Best International Ltd. ("Honest Best"), an entity owned by Mr. Yong Hui Li, Fincera's founder, Chairman and Chief Executive Officer, recently acquired 14,448 of Fincera's ordinary shares on the open market for approximately $350,000.

Because it is a foreign private issuer, Fincera's officers and directors are not required to file insider trading reports with the Securities and Exchange Commission. However, in accordance with its commitment to maintaining a policy of transparency with its shareholders, Fincera's own policy is that any trading of the Company's securities totaling $250,000 or more conducted by officers or directors during any consecutive five trading days must be disclosed by the Company within 48 hours via a press release.

SHIJIAZHUANG, CHINA--(Marketwired - Feb 2, 2015) - AutoChina International Limited ("AutoChina" or the "Company") (OTCBB: AUTCF), a leading provider of innovative financing solutions for China's transportation industry, today announced that Honest Best International Ltd. ("Honest Best"), an entity owned by Mr. Yong Hui Li, AutoChina's founder, Chairman and Chief Executive Officer, recently acquired 239,585 of AutoChina's ordinary shares in a privately negotiated transaction for approximately $6.9 million. Honest Best also recently purchased 4,514 of AutoChina's ordinary shares on the open market for approximately $123,729.

Because it is a foreign private issuer, AutoChina's officers and directors are not required to file insider trading reports with the Securities and Exchange Commission. However, in accordance with its commitment to maintaining a policy of transparency with its shareholders, AutoChina's own policy is that any trading of the Company's securities totaling $250,000 or more conducted by officers or directors during any consecutive five trading days must be disclosed by the Company within 48 hours via a press release.

• Total revenues of $253.2 million, up 47.1% from $172.1 million, largely due to the increase in new commercial vehicle leases
• Net income remained flat at $4.4 million, or $0.18 per diluted share based on 24.0 million diluted weighted average shares outstanding, in the three months ended June 30, 2014, compared to $4.4 million, or $0.18 per share based on 23.7 million diluted weighted average shares outstanding, in the three months ended June 30, 2013.

Management Comments
Mr. Yong Hui Li, Chairman and CEO of AutoChina, stated, "We have seen continued positive trends in all of our markets throughout the first half of 2014 and into the summer. AutoChina is benefitting from both a reinvigorated commercial trucking market in China and the effects of the expansion of our network during the last few years. We believe that the Company is properly positioned to be able to take advantage of industry-leading shifts, such as higher emission standards on the heavy-truck segment in which we focus. In addition, we are continuing to leverage our nationwide business platform to offer additional services and financing options to our growing customer base. For example, during the quarter we launched our peer stores business, in which we work together with other commercial vehicle financing companies in order to expand our customer base. We hope to drive increased shareholder value with new initiatives such as this."

SHIJIAZHUANG, CHINA--(Marketwired - Aug 18, 2014) - AutoChina International Limited ("AutoChina" or the "Company") (OTCBB: AUTCF), a leading provider of innovating financing solutions for China's transportation industry, today announced that Honest Best International Ltd., an entity owned by Mr. Yong Hui Li, AutoChina's founder, Chairman and Chief Executive Officer, recently purchased $586,980 of AutoChina's ordinary shares on the open market, for a total of 41,213 shares.

Because it is a foreign private issuer, AutoChina's officers and directors are not required to file insider trading reports with the Securities and Exchange Commission. However, in accordance with its commitment to maintaining a policy of transparency with its shareholders, AutoChina's own policy is that any trading of the Company's securities totaling $250,000 or more conducted by officers or directors during any consecutive five trading days must be disclosed by the Company within 48 hours via a press release.

First Quarter 2014 Financial Results

• Total revenues of $158.4 million, up 122.0% from $71.4 million.
• Net loss of $2.6 million, or $0.11 per diluted share, compared to net income of $0.4 million, or $0.02 per diluted share.

Mr. Yong Hui Li, Chairman and CEO of AutoChina, stated, "We were pleased with AutoChina's strong start to 2014 as we grew the number of new commercial vehicles leased by 124.0% year over year to 2,802 in the first quarter, which tends to be a seasonally weaker period for us due to the Chinese New Year holiday. We believe market conditions in China's heavy truck sector have stabilized, and we continue working to better position the Company to capitalize on the industry's positive momentum with new service offerings for the transportation and logistics industries."

Mr. Li continued, "We recently settled the lawsuit the SEC filed against the Company and 11 investors in 2012. Primarily as a result of the $4.35 million in litigation expenses incurred to settle the lawsuit, the Company reported a net loss of $2.6 million during the quarter ended March 31, 2014. Without this one-time litigation expense, AutoChina would have reported net income growth for the period, a reflection, we believe, of the value of our service offerings and the improved market conditions. We are gratified to be able to move forward and focus all of our energies on growing the business and serving our customers. With the passing of AutoChina's 5^th anniversary as a public company in the United States, we remain committed to being a responsive, stable and innovative leader in commercial vehicle financing and sales in China, and continue to grow our business profitably by being proactive in a changing global economic environment."

SHIJIAZHUANG, CHINA--(Marketwired - Jun 23, 2014) - AutoChina International Limited ("AutoChina" or the "Company") (OTCBB: AUTCF), China's largest commercial vehicle sales, servicing, leasing, and support network, today announced that the Company has reached an agreement with the Securities and Exchange Commission ("SEC") to settle the lawsuit filed in April 2012 against AutoChina and 11 investors, which has been filed with the United States District Court of Massachusetts for approval.

Under the terms of the settlement, AutoChina, without admitting or denying wrongdoing, will pay a $4.35 million civil penalty to the SEC. The original lawsuit alleged that the Company, through an officer, engaged in a scheme to manipulate trading in the Company's shares to create the appearance of a liquid and active market. Mr. Hui Kai Yan, the Company's director and secretary, also a defendant in the lawsuit, agreed to pay a $150,000 civil penalty and agreed to no longer being an officer or director of a public company.

Fourth Quarter 2013 Results

• Total revenues of $238.3 million, up 359.0% from $51.9 million in the same quarter 2012.
• EPS of $0.16 per diluted share, compared to $0.11 per diluted share for the same quarter 2012.

Mr. Yong Hui Li, Chairman and CEO of AutoChina, stated, "As we saw China's heavy truck industry begin to stabilize and recover over the course of 2013, we were able to capitalize on these improving market conditions and are very pleased to have achieved 121.0% year-over-year growth in commercial vehicle leases in 2013. The Company's revenues for the year nearly doubled to $658.1 million in 2013 as a result of the significant growth in new leases, which will continue to provide earnings and have a positive impact on margin as we collect finance income from these leases. According to the China Association of Automobile Manufacturers, sales of commercial vehicles in China saw year-over-year growth of 6.4%, to 4.06 million units in 2013, with heavy truck sales growing 21.7% year over year. 2013 marked the first year of growth in our industry since the declines experienced in 2011-2012. We anticipate growth in the heavy truck industry will remain steady in 2014 as China's economy and infrastructure continues to develop, and AutoChina will continue working to expand its specialty financing business by exploring new opportunities while providing quality service to its customers."

Mr. Li concluded, "As we enter 2014, we are excited to announce the launch of two new offerings for the commercial transportation and logistics industries. We believe KyPay and TopAuto Net will greatly enhance the value AutoChina brings to its customers and the industry at large as KyPay will provide its members with an advanced line of credit that functions as a cashless and secure payment solution while TopAuto Net will enable businesses to expand the scope of their operations through a modern, easy-to-use online platform. Customers will be able to readily communicate and transact with a growing network of merchants, while merchants will be able to market and sell their products and services to a large captive audience, with all transactions funneling through the KyPay payment system. We continue to work toward completing the development of KyPay and TopAuto Net and expect to launch these new products later this year."

SHIJIAZHUANG, CHINA--(Marketwire - Oct 25, 2012) - AutoChina International Limited ("AutoChina" or the "Company") (OTCBB: AUTCF), China's largest commercial vehicle sales, servicing, leasing, and support network, today announced that it entered into 1,154 new leases of commercial vehicles (primarily Class 8 heavy trucks) as part of the Company's sales-type leasing program in the third quarter of 2012, compared to 3,126 in the third quarter of 2011. Since launching its commercial vehicle sales and leasing business in March 2008, the Company has leased over 36,000 trucks. An additional 201 trucks were leased under AutoChina's used commercial vehicle sale-leaseback program.

During the 2012 third quarter, AutoChina opened 9 new commercial vehicle financing and service centers and, as of September 30, 2012, operated 523 financing and service centers, compared to 385 centers at September 30, 2011. The Company now operates commercial vehicle financing and service centers in the following 26 provinces and regions of China: Anhui, Beijing, Chongqing, Fujian, Gansu, Guangdong, Guangxi, Guizhou, Hebei, Henan, Hubei, Hunan, Inner Mongolia, Jiangsu, Jiangxi, Jilin, Liaoning, Ningxia, Shaanxi, Shandong, Shanghai, Shanxi, Sichuan, Tianjin, Yunnan, and Zhejiang.

As of September 30, 2012, the Company had obtained 21 provincial level licenses to sell insurance, which grant AutoChina the authority to sell insurance at any of its branch locations within those provinces. The Company is working to acquire the same type of license for each of the remaining regions in which it currently has a presence.