Fincera Provides Update on Ticker Symbol/Company Name Change

SHIJIAZHUANG, CHINA--(Marketwired - Sep 4, 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 notwithstanding the announcement by the Financial Industry Regulatory Authority (FINRA) on its daily list, the Company has completed the process of legally changing its name from AutoChina International Ltd. to Fincera Inc. as of July 1, 2015.

Fincera subsequently submitted the necessary paperwork to FINRA in order to change the Company's name and ticker symbol for trading purposes. However, FINRA recently notified the Company of its decision to deny the Company's ticker symbol/corporate name change request. The Company believes that FINRA's denial has and will cause widespread confusion among investors and harm the markets. Accordingly, Fincera is in the process of appealing FINRA's decision. The appeal hearing has been scheduled for September 24, 2015.

In addition, FINRA recently informed the Company that it had previously erroneously processed and allowed the name change for trading purposes, which has further exacerbated the confusion in the marketplace.

Notwithstanding FINRA's actions, the Company's name has been legally changed to Fincera Inc. and will not be changed back to AutoChina, but, until further notice, the Company's ordinary shares will trade under the name of AutoChina International Ltd. and its ticker symbol will remain "AUTCF".

Fincera intends to provide an update on these developments after it receives a decision from the appeal hearing.

Management Commentary
Mr. Yong Hui Li, Fincera's Chairman and CEO, stated, "We are extremely disappointed and baffled by FINRA's decision to deny our request to change our ticker symbol and name for trading purposes. This decision has created a situation where our legal corporate name, the name by which everyone now knows us, does not match the name listed alongside our ticker symbol nor our ticker symbol itself. This has already led to confusion in the investment community and we believe will only serve to disrupt the market because investors will have difficulty, or worse, may be completely unable to locate and reconcile which equity security actually belongs to Fincera. This is clearly counter to FINRA's stated goal of protecting investors and maintaining fair and orderly markets.