Notes: December 11, 2019 -- Renren Inc. (NYSE: RENN), which operates a leading premium used auto business in China through its subsidiary Kaixin Auto Holdings (NASDAQ: KXIN) as well as several U.S.-based SaaS businesses, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) to its Class A ordinary shares (the “ADS Ratio”), par value US$0.001 per share, from the current ADS Ratio of one (1) ADS to fifteen (15) Class A ordinary shares to a new ADS Ratio of one (1) ADS to forty-five (45) Class A ordinary shares. The Company will file a post-effective amendment to the ADS Registration Statement on Form F-6 with the SEC to reflect the change in the ADS Ratio. The Company anticipates that the change in the ADS Ratio will be effective on or about January 9, 2020, subject to the SEC having declared the post-effective amendment to the ADS Registration Statement on Form F-6 to be effective on or before that date. ________________ Feb. 2, 2017 -- Renren Inc. (RENN) has announced an ADS ratio change. The change in the ADS ratio will have the same effect as a 1-for-5 reverse ADS split. As a result of the ADS ratio change, each RENN American Depositary Share will be converted into the right to receive 0.20 (New) Renren Inc. American Depositary Shares. The ADS ratio change will become effective before the market open on Monday, February 6, 2017.