Driver China four. CITIC Trust Co., Ltd. Contact: Phone: Fax:

Deal Name: Issuer/Trustee: Originator/Servicer: Reporting Entity: Driver China four CITIC Trust Co., Ltd Volkswagen Finance (China) Co., Ltd Volkswagen Finance (China) Co., Ltd Contact: Phone: +86 10 6589 7000 Fax: + 86 10 6591 1606 Email: ABSOperations.China@vwfsag.com Lead Underwriter: Joint Lead Underwriter: Co-Lead Underwriter: Financial Advisor: China Merchants Securities Co., Ltd HSBC Bank (China) Company Limited Industrial and Commercial Bank of China Limited The Hongkong and Shanghai Banking Corporation Limited Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 1 / 31

Contents Page Table of Contents 1 Cover 2 Contents 3 Reporting Details 4 Parties Overview 5 Transaction Events I 6 Transaction Events II 7 Transaction Events III 8 Notes I 9 Notes II 10 Credit Enhancement 11 Waterfall 12 Amortisation Profile I 13 Amortisation Profile II 14 Run Out Schedule I 15 Run Out Schedule II 16 17 Delinquencies 18 Defaults 19 Delinquencies & Defaults 20 Defaults & Recoveries 21 Cumulative Gross Loss 22 Pool Data I 23 Pool Data II 24 Pool Data III 25 Pool Data IV 26 Pool Data V 27 Pool Data VI 28 Pool Data VII 29 Pool Data VIII 30 Share of Vehicles Fitted with an Unfixed EA189 Engine 31 Loan Level Data Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 2 / 31

Reporting Details Deal Overview Cut-Off Date: 2016/6/30 Information Date: Scheduled Date of Clean-Up-Call: 2018/5/26 Payment Date: Lagal Maturity Date: 2023/5/26 Reporting Date: Issue Date: 2016/7/22 Asset Collection Period: Period No.: 11 Interest Accrual Period: Reporting Frequency: Monthly Note Payment Period: Next Payment Date: 2017/7/26 Days accrued: 2017/6/9 2017/6/26 2017/5/31 from 2017/05/01 until 2017/05/31 from 2017/05/26 until 2017/06/26 from 2017/05/26 until 2017/06/26 31 Type of Car at Pool Cut Percentage of Percentage New Cars 52,076 99.40% 2,969,904,852.43 99.00% Used Cars 312 0.60% 30,133,496.97 1.00% Total 52,388 100.00% 3,000,038,349.40 100.00% Credit Type at Pool Cut Percentage of Percentage Classic Credit 51,863 99.00% 2,941,335,528.76 98.04% Used Car Classic Credit 312 0.60% 30,133,496.97 1.00% Balloon Credit 10 0.02% 3,787,004.23 0.13% Exquisite easy loan 185 0.35% 23,317,786.28 0.78% Enjoyable balance loan 18 0.03% 1,464,533.16 0.05% Total 52,388 100.00% 3,000,038,349.40 100.00% Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 3 / 31

Parties Overview Lead Underwriter: China Merchants Securities Co., Ltd Registered Address: 38/F 45/F Building A Jiangsu Plaza, Yitian Road, Futian District, Shenzhen 100033, People s Republic of China Legal Representative: Gong Shaolin Contact: Zheng Qian Telephone: +86 10 6084 0885 Fax: +86 10 5760 1990 Website: www.cmschina.com.cn Email: zhengqian1@cmschina.com.cn Joint Lead Underwriter: HSBC Bank (China) Company Limited Registered Address: HSBC Building, Shanghai IFC, 8 Century Avenue, Pudong New District, Shanghai 200120, People s Republic of China Legal Representative: Liao Yijian Contact: Yu Mengjia Telephone: +86 21 3888 3879 Fax: +86 21 2320 8533 Website: http://www.hsbc.com.cn/1/2/ Email: claire.m.j.yu@hsbc.com.cn Co-Lead Underwriter: Industrial and Commercial Bank of China Limiled Registered Address: No.55 Fuxingmennei Street, Xicheng District, Beijing 100140, People s Republic of China Legal Representative: Yi Huiman Contact: Jiang Man Telephone: +86 10 8101 1415 Fax: +86 10 6610 7567 Website: www.icbc.com.cn Email: man.jiang@icbc.com.cn Trust Company/Issuer: CITIC Trust Co., Ltd Registered Address: 13th Floor, Capital Mansion, 6 Xinyuannanlu, Chaoyang District, Beijing 100004, People s Republic of China Legal Representative: Chen Yisong Contact: Liu Ning Telephone: +86 10 8486 1336 Fax: +86 10 8486 2089 Website: trust.ecitic.com Email: liuning@citictrust.com.cn Account Bank: Bank of China Limited, Beijing Branch Registered Address: Kaiheng Centre Building, No. 2 Chaoyangmennei Avenue, Beijing 100010, People's Republic of China Legal Representative:Wang Jianhong Contact: Yu Siyuan Telephone: + 86 10 8512 3949 Fax: +86 10 6659 5255, 66594938, 66594939 Website: www.boc.cn Email: tgywjrjgb_bj@mail.notes.bank-of-china.com Clearing Systems/ Paying Agent: China Central Depository & Clearing Co.,Ltd Registered Address: No. 10, Jinrong Street, Xicheng District, Beijing 100033, People s Republic of China Legal Representative: Shui Ruqing Telephone: +86 10 8817 0738 Website: www.chinabond.com.cn Servicer/Originator: Volkswagen Finance (China) Co., Ltd Registered Address: Building 3, No. 15 Furong Street Wangjing, Chaoyang District, Beijing 100102, People's Republic of China Contact: ABS Operations Telephone: +86 10 6589 7000 Fax: +86 10 6591 1606 Website: www.volkswagen-finance-china.com.cn Email: ABSOperations.China@vwfsag.com Financial Advisor: The Hongkong and Shanghai Banking Corporation Limited Registered Address: 1 Queen's Road Central, Hong Kong SAR, People's Republic of China Contact: Kyson Ho, Vivian Zhang Telephone: +852 2822 2224 Fax: +852 3409 2599 Website: www.hsbc.com.hk Email: vivian.j.zhang@hsbc.com.hk Domestic Rating Agencies: China Lianhe Credit Rating Co., Ltd Registered Address: 17/F, PICC Building, 2 Jianguomenwai Street, Chaoyang District, Beijing 100022, China Telephone: +86 10 8567 9696-8667 Email: qinlt@lhratings.com International Rating Agencies: Moody s Investors Service Hong Kong Limited Registered Address: 24/F One Pacific Place, 88 Queensway, Admiralty, Hong Kong Telephone: +852 3758 1548 Email: jamie.lo@moodys.com China Bond Rating Co. Ltd Registered Address: 6/F, Tower 2, Yingtai Center, 28 Financial Street, Xicheng District, Beijing 100032, People's Republic of China Telephnoe: +86 10 8809 0134 Email: qinxiaolin@chinaratings.com.cn S&P Global Ratings Registered Address: Unit 1 Level 69, International Commerce Centre,1 Austin Road West, Kowloon, Hong Kong Telephone: +86 10 6569 2912 Email: hongshan.chen@spglobal.com Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 4 / 31

Transaction Events (I) Clean-Up Call Condition Percentage of Current Portfolio Min. Percentage of Portfolio 40.78% 10.00% The Clean-Up-Call Condition is planned to be reached in 05.2018 Clean-Up Call VW FC will have the option to exercise a Clean-Up Call and to repurchase the Purchased Loan from the Issuer at any time when the Aggregate is less than 10 percent. of the Aggregate Cutoff Date provided that all payment obligations under the Notes will be thereby fulfilled. Repurchase of contracts % of % of Re-Purchase Price Current Period 0 0.00% 0.00 0.00% 0.00 Previous Periods 0 0.00% 0.00 0.00% 0.00 Total 0 0.00% 0.00 0.00% 0.00 If a repurchase of receivables occurred, it would only result from non-eligibility as of the respective Cut Off Date (which has been discovered at a later stage). Transaction Party Replacements Capacity of Transaction Party Date of Replacement Reason for Replacement Replaced Party Replaced by Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 5 / 31

0.0000% 0.0055% 0.0240% 0.0422% 0.0622% 0.0876% 0.1244% 0.1364% 0.1818% 0.2133% 0.2449% 0.2585% Transaction Events (II) Credit Enhancement Increase Conditions Level 1a Credit Enhancement Increase Condition - the Cumulative Gross Loss Ratio exceeds 1.20 percent. for any Payment Date prior to or during May 2017 Level 1b Credit Enhancement Increase Condition - the Cumulative Gross Loss Ratio exceeds 1.60 percent. for any Payment Date from June 2017 but prior to or during January 2018 Level 2 Credit Enhancement Increase Condition - the Cumulative Gross Loss Ratio exceeds 2.0 percent for any Payment Date No No No Cumulative Gross Loss Amount Gross Loss in Current Period 6 407,644.91 Cumulative Gross Loss 131 7,754,120.92 Cumulative Gross Loss as of the End of the Monthly Period as of Cut-Off-Date Cumulative Gross Loss Ratio as percentage of defaults divided by the at Pool Cut 7,754,120.92 3,000,038,349.40 0.2585% in % 2.50% Cumulative Gross Losses in percent of Initial Pool 2.25% 2.00% 1.75% 1.50% 1.25% 1.00% 0.75% 0.50% 0.25% 0.00% Cumulative Gross Loss Ratio Level 1a/b Level 2 Monthly Period Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 6 / 31

Transaction Events (III) Account Bank: Bank of China Limited Beijing Branch China Lianhe Credit Rating Co., Ltd China Lianhe Credit Rating Co., Ltd Moody's Investors Service Hong Kong Limited Standard & Poor's Ratings Services Rating Rating Long Term Short Term Outlook Long Term Short Term Outlook Current Rating * AAA AAA A1 P-1 Negative A A-1 Stable Minimum required Rating AA AA - - - - - - If the Account Bank falls under the Required Rating, the Issuer is entitled to close the Accounts and appoint a successor account bank (the "Successor Account Bank") and open new accounts (the "Successor Accounts") at the Successor Account Bank. (Please refer to the Prospectus for a complete description of the mechanism) Required Rating: Fulfilled Servicer: Volkswagen Finance (China) Co., Ltd Required Rating: Fulfilled Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 7 / 31

Information regarding the Notes I Rating at Issue Date Rating Scale Class A Class B China Lianhe Credit Rating Co., Ltd Local Scale AAA AA- China Bond Rating Co. Ltd Local Scale AA+ A+ Moody's Investors Services Hong Kong Limited International Scale Aa3(sf) A3(sf) Standard & Poor's Ratings Services International Scale AA(sf) BBB+(sf) Current Rating Rating Scale Class A Class B China Lianhe Credit Rating Co., Ltd Local Scale AAA AA- China Bond Rating Co. Ltd Local Scale AA+ A+ Moody's Investors Services Hong Kong Limited International Scale Aa3(sf) A1(sf) Standard & Poor's Ratings Services International Scale AA(sf) BBB+(sf) Information on Notes Class A Class B Legal Maturity Date 2023/5/26 2023/5/26 Scheduled Clean Up Call Date 2018/5/26 2018/5/26 Nominal Amount 100.00 100.00 Information on Interest Class A Class B Interest Rate 3.16% 4.69% Fixed/Floating Fixed Fixed Current Coupon 3.16% 4.69% Day Count Convention actual/365 actual/365 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 8 / 31

Information regarding the Notes II Monthly Period: 2017/05 Payment Date: 2017/6/26 Interest Accrual Period (from/until) 2017/05/26 until 2017/06/26 Days accrued 31 Class A Interest Rate 3.16% Class B Interest Rate 4.69% Day Count Convention actual/365 Interest Payments Class A Class B Total Interest Amount of the Reporting Period 2,802,231.41 537,743.84 Paid Interest 2,802,231.41 537,743.84 Unpaid Interest Class A Class B Unpaid Interest of the Reporting Period 0.00 0.00 Cumulative unpaid Interest 0.00 0.00 Note Class A Class B Note as of Cut off Date 2,632,000,000.00 135,000,000.00 Note as of the Beginning of the Period 1,044,114,400.00 135,000,000.00 Redemption Amount per Class 101,858,400.00 594,000.00 Class as of the End of the Period 942,256,000.00 134,406,000.00 Payments to Investors per Note Class A Class B Interest 0.11 0.40 Principal Repayment by Note 3.87 0.44 Notes 26,320,000 1,350,000 Note Factor 0.3580000 0.9956000 Overcollateralisation Class A Class B Initial OC Percentage at Poolcut 12% 8% Current OC Percentage 23% 12% Target OC Percentage 23% 12% Subordinated Note as of the Beginning of the Period 151,948,059.46 Redemption 28,520,369.81 as of the End of the Period 123,427,689.65 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 9 / 31

Credit Enhancement Credit Enhancement as of Cutoff Date % of Aggregate Value Class B Note 4.50% 135,000,000.00 Subordinated Note 7.27% 218,016,931.18 Overcollateralization 0.50% 15,021,418.22 Cash Collateral Account 1.20% 36,000,000.00 Cash Collateral Account (CCA) in RMB in % of Initial at Poolcut 36,000,000.00 1.200% Targeted (Floor) 30,000,000.00 1.000% Current 30,000,000.00 1.000% Payment from CCA 0.00 - Payment to CCA 0.00 - as of the End of the Period 30,000,000.00 1.000% Calculation of Credit Enhancement Initially, Driver China four's Credit Enhancement consists of the respective Note Issue in comparison to the Receivable as of Poolcut, minus any Senior Debt Issuance. This 'Overcollateralisation' is specific for each Note Series and increases with its seniority. Subsequently, the 'Overcollateralisation' is calculated (as an OC Percentage) on a monthly basis, all on end of month figures. Considering the seniority of the respective Note Series, redemption is made until an Overcollateralisation of 23% for Class A (12% for Class B) has been reached. However, if an Enforcement Event causes the transaction to switch into sequential payment mode, the OC Percentages will not determine the maximum redemtion amount and may be exceeded. In addition, there is the Cash Collateral Amount which is in principle to the benefit of all Tranches over the entire lifetime of the transaction. The transaction starts amortising Class A only until its OC Percentage is reached. The transaction switches into pro rata amortisation once an Overcollateralisation Percentage (i.e. Credit Enhancement excluding the Cash Collateral Account) of 25% for the Class A Notes and 14% for the Class B Notes has been reached. The amortisation will switch to sequential in case the Aggregate Receivable falls below 10,00% of the Aggregate Cut-Off Date Receivable, thus redeeming the most senior tranches before any redemtion goes to Junior Debt. Set Off Risk There is no Set Off Risk applicable Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 10 / 31

Waterfall Available Distribution Amount Calculation Payment to waterfall position Remaining Amount Available Collections Amount 136,791,401.93 136,791,401.93 Interest income 62,274.07 136,853,676.00 Remaining Rounding Amount (Previous Period) 245,039.36 137,098,715.36 Purchase price amount (Clean-Up-Call) 0.00 137,098,715.36 Waterfall Payment to waterfall position Remaining Amount Available Distribution Amount 0.00 137,098,715.36 1) Taxes - 289,647.20 136,809,068.16 2) Administrative Expenses - 203,015.39 136,606,052.77 3) Servicer Fee payable to the Servicer - 1,129,728.75 135,476,324.02 4) Interest Payment Class A Notes - 2,802,231.41 132,674,092.61 5) Interest Payment Class B Notes - 537,743.84 132,136,348.77 6) Class A Principal Payment Amount - 101,858,400.00 30,277,948.77 7) Class B Principal Payment Amount - 594,000.00 29,683,948.77 Remaining Rounding Amount (Current Period) - 195,690.64 29,488,258.13 8) Interest Payment Subordinated Notes - 967,888.32 28,520,369.81 9) Subordinated Note Principal Amount - 28,520,369.81 0.00 10) Final Success Fee payable to the Originator 0.00 0.00 Distribution of Cash Collateral Account Surplus Payment Amount Remaining Amount Available Distribution Amount 0.00 0.00 Interest Payment Subordinated Notes 0.00 0.00 Subordinated Note Principal Amount 0.00 0.00 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 11 / 31

Amortisation Profile I Note Class Class A Class B Sub Note WAL At Closing: 0.85 yrs At Currently: 0.54 yrs At Closing: 1.49 yrs At Currently: 0.55 yrs At Closing: 1.21 yrs At Currently: 0.48 yrs Payment Date Actual Note Forecasted Note Forecasted Note Forecasted Note Actual Note Actual Note Poolcut 2,632,000,000.00-135,000,000.00-218,016,931.18-2016/8/26 2,458,551,200.00-135,000,000.00-217,505,856.94-2016/9/26 2,280,628,000.00-135,000,000.00-216,734,688.27-2016/10/26 2,105,073,600.00-135,000,000.00-216,190,568.26-2016/11/26 1,929,519,200.00-135,000,000.00-216,190,568.26-2016/12/26 1,754,491,200.00-135,000,000.00-216,190,568.26-2017/1/26 1,578,410,400.00-135,000,000.00-216,190,568.26-2017/2/26 1,416,542,400.00-135,000,000.00-216,190,568.26-2017/3/26 1,265,465,600.00 135,000,000.00 216,190,568.26 2017/4/26 1,149,394,400.00 135,000,000.00 183,880,098.52 2017/5/26 1,044,114,400.00 135,000,000.00 151,948,059.46 2017/6/26 942,256,000.00 134,406,000.00 123,427,689.65 2017/7/26-851,379,154.77-121,625,593.54-109,432,695.78 2017/8/26-764,766,425.78-109,252,346.54-96,149,808.12 2017/9/26-682,640,993.13-97,520,141.88-83,530,651.05 2017/10/26-604,981,863.82-86,425,980.55-71,484,846.67 2017/11/26-531,907,062.39-75,986,723.20-60,209,501.47 2017/12/26-463,975,004.83-66,282,143.55-49,636,974.37 2018/1/26-401,783,551.79-57,397,650.26-39,998,375.80 2018/2/26-347,442,071.31-49,634,581.62-31,556,952.72 2018/3/26-301,211,196.83-43,030,170.98-24,227,680.38 2018/4/26-260,196,253.12-37,170,893.30-17,819,585.85 2018/5/26-0.00-0.00-0.00 2018/6/26-0.00-0.00-0.00 2018/7/26-0.00-0.00-0.00 2018/8/26-0.00-0.00-0.00 2018/9/26-0.00-0.00-0.00 2018/10/26-0.00-0.00-0.00 2018/11/26-0.00-0.00-0.00 2018/12/26-0.00-0.00-0.00 2019/1/26-0.00-0.00-0.00 2019/2/26-0.00-0.00-0.00 2019/3/26-0.00-0.00-0.00 2019/4/26-0.00-0.00-0.00 2019/5/26-0.00-0.00-0.00 + Based on the following assumptions: CPR of 5% and Clean Up Call at 10% of the oustanding portfolio Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 12 / 31

Amortisation Profile II in RMB 3,000,000,000 2,500,000,000 Amortisation Profile Class A-Notes Actual Amort. A-Notes Expected Amort. A-Notes Assuming a Clean-Up Call at 10% of the initial outstanding discounted receivables balance, annual prepayments of 5% and 0% defaults 2,000,000,000 1,500,000,000 1,000,000,000 500,000,000 0 Reporting Period in RMB 160,000,000 140,000,000 120,000,000 Amortisation Profile Class B-Notes Actual Amort. B-Notes Expected Amort. B-Notes Assuming a Clean-Up Call at 10% of the initial outstanding discounted receivables balance, annual prepayments of 5% and 0% defaults 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 0 Reporting Period in RMB 240,000,000 210,000,000 180,000,000 Amortisation Profile Sub-Notes Actual Amort. Sub-Notes Expected Amort. Sub-Notes Assuming a Clean-Up Call at 10% of the initial outstanding discounted receivables balance, annual prepayments of 5% and 0% defaults 150,000,000 120,000,000 90,000,000 60,000,000 30,000,000 0 Reporting Period Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 13 / 31

Run Out Schedule I Payment Date Remaining Interest Remaining Capital Remaining Instalments arrears 132,931.39 2,674,441.23 7,376,159.21 06/2017 5,240,663.37 117,780,852.29 123,021,515.66 07/2017 4,735,050.09 112,484,063.62 117,219,113.71 08/2017 4,252,174.85 106,656,406.04 110,908,580.89 09/2017 3,794,316.24 100,856,012.09 104,650,328.33 10/2017 3,361,356.78 94,902,339.52 98,263,696.30 11/2017 2,953,958.62 88,223,451.38 91,177,410.00 12/2017 2,575,228.56 80,768,120.84 83,343,349.40 01/2018 2,228,505.60 70,573,351.26 72,801,856.86 02/2018 1,925,546.12 60,040,096.74 61,965,642.86 03/2018 1,667,805.31 53,266,160.66 54,933,965.97 04/2018 1,439,141.88 47,726,735.09 49,165,876.97 05/2018 1,234,258.05 41,607,183.93 42,841,441.98 06/2018 1,055,645.31 38,318,134.58 39,373,779.89 07/2018 891,152.87 35,896,363.66 36,787,516.53 08/2018 737,056.17 33,318,323.85 34,055,380.02 09/2018 594,025.57 31,243,974.19 31,837,999.76 10/2018 459,899.79 27,189,650.60 27,649,550.39 11/2018 343,179.42 24,415,266.53 24,758,445.95 12/2018 238,368.66 19,991,541.48 20,229,910.14 01/2019 152,548.43 14,562,066.29 14,714,614.72 02/2019 90,035.77 9,248,342.85 9,338,378.62 03/2019 50,334.46 6,031,171.43 6,081,505.89 04/2019 24,443.61 2,971,685.91 2,996,129.52 05/2019 11,686.60 383,792.18 395,478.78 06/2019 10,038.91 357,634.21 367,673.12 07/2019 8,503.71 283,388.61 291,892.32 08/2019 7,287.15 244,271.54 251,558.69 09/2019 6,238.54 214,548.40 220,786.94 10/2019 5,317.53 193,334.33 198,651.86 11/2019 4,487.55 178,994.46 183,482.01 12/2019 3,719.17 166,998.86 170,718.03 01/2020 3,002.28 122,510.26 125,512.54 02/2020 2,476.34 101,841.66 104,318.00 03/2020 2,039.15 80,804.96 82,844.11 04/2020 1,692.25 65,740.32 67,432.57 05/2020 1,410.04 52,320.33 53,730.37 06/2020 1,185.47 48,135.10 49,320.57 07/2020 978.83 48,341.74 49,320.57 08/2020 771.31 43,266.09 44,037.40 09/2020 585.58 33,080.05 33,665.63 10/2020 443.57 30,971.78 31,415.35 11/2020 310.61 27,776.81 28,087.42 12/2020 191.35 19,247.03 19,438.38 01/2021 108.75 8,811.14 8,919.89 02/2021 70.92 8,848.97 8,919.89 03/2021 32.93 5,487.22 5,520.15 04/2021 9.38 2,184.17 2,193.55 Total 40,250,214.84 1,223,468,066.28 1,268,287,067.71 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 14 / 31

Run Out Schedule II in RMB 3,500,000,000 3,000,000,000 Expected Amortisation of the Asset-Portfolio The expected Portfolio amortisation is solely based on the scheduled payments according to rental plan, no assumptions on prepayments or defaults are made. 2,500,000,000 2,000,000,000 1,500,000,000 1,000,000,000 500,000,000 Reporting Period 0 Expected Disocunted Asset-Portfolio Actual Asset-Portfolio Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 15 / 31

Overview Collections by Source Collections Paid instalments 129,461,038.40 Early settlements 6,884,081.43 Penalty interest 3,898.63 Fee components 368,005.80 Collection for write-off loans 74,377.67 Total 136,791,401.93 Collections by Status Collections Current 123,005,471.38 Matured 6,069,138.29 Delinquent 111,488.49 Default 25,746.73 Write off 74,377.67 Partial Prepayment 0.00 Full prepayment 7,505,179.37 Prolonged 0.00 New 0.00 Total 136,791,401.93 Customer Type as of Pool Cut Date Credit Type Vehicle Status Classic Credit Used Car Classic Credit Balloon Credit Exquisite easy loan Enjoyable balance loan Corporate Individual New Vehicle Used Vehicle Contract Status Development Current 52,388 3,000,038,349.40 51863 2,941,335,528.76 312 30,133,496.97 10 3,787,004.23 185 23,317,786.28 18 1,464,533.16 1482 125,049,075.22 50906 2,874,989,274.18 52076 2,969,904,852.43 312 30,133,496.97 Matured 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Delinquent 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Default 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Write off 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Partial Prepayment 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Full prepayment 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Prolonged 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 New 0 0.00 0 0.00 0 0.00 0 9.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Total 52,388 3,000,038,349.40 51,863 2,941,335,528.76 312 30,133,496.97 10 3,787,004.23 185 23,317,786.28 18 1,464,533.16 1,482 125,049,075.22 50,906 2,874,989,274.18 52,076 2,969,904,852.43 312 30,133,496.97 Customer Type as of Current Reporting Period Credit Type Vehicle Status Classic Credit Used Car Classic Credit Balloon Credit Exquisite easy loan Enjoyable balance loan Corporate Individual New Vehicle Used Vehicle Contract Status Development Current 36,419 1,213,707,929.50 35990 1,180,793,237.98 236 10,996,619.26 7 2,531,048.09 184 19,356,267.52 2 30,756.65 1046 53,227,918.51 35373 1,160,480,010.99 36183 1,202,711,310.24 236 10,996,619.26 Matured 13,303 99.57 13,247 99.57 38 0.00 3 0.00 0 0.00 15 0.00 346 0.00 12,957 99.57 13,265 99.57 38 0.00 Delinquent 240 7,954,123.70 237 7,739,830.06 3 214,293.64 0 0.00 0 0.00 0 0.00 15 558,915.09 225 7,395,208.61 237 7,739,830.06 3 214,293.64 Default 34 1,805,913.51 34 1,805,913.51 0 0.00 0 0.00 0 0.00 0 0.00 1 2,833.25 33 1,803,080.26 34 1,805,913.51 0 0.00 Write off 76 0.00 75 0.00 1 0.00 0 0.00 0 0.00 0 0.00 7 0.00 69 0.00 75 0.00 1 0.00 Partial Prepayment 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Full prepayment 2,316 0.00 2280 0.00 34 0.00 0 0.00 1 0.00 1 0.00 67 0.00 2249 0.00 2282 0.00 34 0.00 Prolonged 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 New 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Total 52,388 1,223,468,066.28 51,863 1,190,339,081.12 312 11,210,912.90 10 2,531,048.09 185 19,356,267.52 18 30,756.65 1,482 53,789,666.85 50,906 1,169,678,399.43 52,076 1,212,257,153.38 312 11,210,912.90 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 16 / 31

Delinquencies Days in Arrears (%) (%) 2 3 4 5 6 7 Customer Credit Type Type Vehicle Status Balloon Credit Used Car Classic Credit Exquisite easy loan Classic Credit Enjoyable balance loan Corporate Individual New <= 30 217 0.41% 7,055,358.89 0.57% 214 6,841,065.25 3 214,293.64 0 0.00 0 0.00 0 0.00 15 558,915.09 202 6,496,443.80 214 6,841,065.25 3 214,293.64 > 30 and <= 60 14 0.03% 556,960.08 0.05% 14 556,960.08 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 14 556,960.08 14 556,960.08 0 0.00 > 60 and <= 90 7 0.01% 173,089.72 0.01% 7 173,089.72 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 7 173,089.72 7 173,089.72 0 0.00 > 90 and <= 120 1 0.00% 136,298.97 0.01% 1 136,298.97 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 1 136,298.97 1 136,298.97 0 0.00 > 120 and <= 150 1 0.00% 32,416.04 0.00% 1 32,416.04 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 1 32,416.04 1 32,416.04 0 0.00 > 150 and <= 180 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 >180 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Total 240 0.46% 7,954,123.70 0.65% 237 7,739,830.06 3 214,293.64 0 0.00 0 0.00 0 0.00 15 558,915.09 225 7,395,208.61 237 7,739,830.06 3 214,293.64 Used 50,000,000 Delinquencies I- of delinquent contracts 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 06/2016 07/2016 08/2016 09/2016 10/2016 11/2016 12/2016 01/2017 02/2017 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 04/2018 05/2018 06/2018 07/2018 08/2018 09/2018 10/2018 11/2018 12/2018 01/2019 02/2019 03/2019 04/2019 05/2019 06/2019 Period <= 30 > 30 and <= 60 > 60 and <= 90 > 90 and <= 120 > 120 and <= 150 > 150 and <= 180 >180 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 17 / 31

Defaults Credit Type Customer Type Vehicle Status Classic Credit Enjoyable balance loan Corporate Individual Used Car Classic Credit Balloon Credit Exquisite easy loan New Used Days in Arrears (%) (%) <= 30 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 > 30 and <= 60 1 0.00% 2,021.82 0.00% 1 2,021.82 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 1 2,021.82 1 2,021.82 0 0.00 > 60 and <= 90 1 0.00% 48,673.65 0.00% 1 48,673.65 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 1 48,673.65 1 48,673.65 0 0.00 > 90 and <= 120 6 0.01% 321,634.16 0.03% 6 321,634.16 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 6 321,634.16 6 321,634.16 0 0.00 > 120 and <= 150 16 0.03% 923,168.75 0.08% 16 923,168.75 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 16 923,168.75 16 923,168.75 0 0.00 > 150 and <= 180 10 0.02% 510,415.13 0.04% 10 510,415.13 0 0.00 0 0.00 0 0.00 0 0.00 1 2,833.25 9 507,581.88 10 510,415.13 0 0.00 >180 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Total 34 0.06% 1,805,913.51 0.15% 34 1,805,913.51 0 0.00 0 0.00 0 0.00 0 0.00 1 2,833.25 33 1,803,080.26 34 1,805,913.51 0 0.00 6,000,000 Defaults - of default contracts 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 06/2016 07/2016 08/2016 09/2016 10/2016 11/2016 12/2016 01/2017 02/2017 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 04/2018 05/2018 06/2018 07/2018 08/2018 09/2018 10/2018 11/2018 12/2018 01/2019 02/2019 03/2019 04/2019 05/2019 06/2019 Period <= 30 > 30 and <= 60 > 60 and <= 90 > 90 and <= 120 > 120 and <= 150 > 150 and <= 180 >180 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 18 / 31

Delinquencies&Defaults Credit Type Customer Type Vehicle Status Classic Credit Used Car Classic Credit Balloon Credit Exquisite easy loan Enjoyable balance loan Corporate Individual New Used Days in Arrears (%) (%) <= 30 217 0.41% 7,055,358.89 0.57% 214 6,841,065.25 3 214,293.64 0 0.00 0 0.00 0 0.00 15 558,915.09 202 6,496,443.80 214 6,841,065.25 3 214,293.64 > 30 and <= 60 15 0.03% 558,981.90 0.05% 15 558,981.90 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 15 558,981.90 15 558,981.90 0 0.00 > 60 and <= 90 8 0.02% 221,763.37 0.02% 8 221,763.37 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 8 221,763.37 8 221,763.37 0 0.00 > 90 and <= 120 7 0.01% 457,933.13 0.04% 7 457,933.13 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 7 457,933.13 7 457,933.13 0 0.00 > 120 and <= 150 17 0.03% 955,584.79 0.08% 17 955,584.79 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 17 955,584.79 17 955,584.79 0 0.00 > 150 and <= 180 10 0.02% 510,415.13 0.04% 10 510,415.13 0 0.00 0 0.00 0 0.00 0 0.00 1 2,833.25 9 507,581.88 10 510,415.13 0 0.00 >180 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Total 274 0.52% 9,760,037.21 0.79% 271 9,545,743.57 3 214,293.64 0 0.00 0 0.00 0 0.00 16 561,748.34 258 9,198,288.87 271 9,545,743.57 3 214,293.64 50,000,000 Delinquencies&Defaults - discounted receivables balance of Delinquencies&Default contracts 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 06/2016 07/2016 08/2016 09/2016 10/2016 11/2016 12/2016 01/2017 02/2017 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 04/2018 05/2018 06/2018 07/2018 08/2018 09/2018 10/2018 11/2018 12/2018 01/2019 02/2019 03/2019 04/2019 05/2019 06/2019 Period <= 30 > 30 and <= 60 > 60 and <= 90 > 90 and <= 120 > 120 and <= 150 > 150 and <= 180 >180

Defaults & Recoveries Credit Type Vehicle Status Nominal Principal at Day of Default* at Day of Default* Total Recoveries Total Write Offs Nominal Principal End of Reporting Period* End of Reporting Period* Classic Credit New 34 1,878,746.42 1,850,197.95 0.00 0.00 1,832,400.42 1,805,913.51 Used 0 0.00 0.00 0.00 0.00 0.00 0.00 Subtotal 34 1,878,746.42 1,850,197.95 0.00 0.00 1,832,400.42 1,805,913.51 Used Car Classic Credit New 0 0.00 0.00 0.00 0.00 0.00 0.00 Used 0 0.00 0.00 0.00 0.00 0.00 0.00 Subtotal 0 0.00 0.00 0.00 0.00 0.00 0.00 Balloon Credit New 0 0.00 0.00 0.00 0.00 0.00 0.00 Used 0 0.00 0.00 0.00 0.00 0.00 0.00 Subtotal 0 0.00 0.00 0.00 0.00 0.00 0.00 Exquisite easy loan New 0 0.00 0.00 0.00 0.00 0.00 0.00 Used 0 0.00 0.00 0.00 0.00 0.00 0.00 Subtotal 0 0.00 0.00 0.00 0.00 0.00 0.00 Enjoyable balance loan New 0 0.00 0.00 0.00 0.00 0.00 0.00 Used 0 0.00 0.00 0.00 0.00 0.00 0.00 Subtotal 0 0.00 0.00 0.00 0.00 0.00 0.00 Total 34 1,878,746.42 1,850,197.95 0.00 0.00 1,832,400.42 1,805,913.51 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 20 / 31

Cumulative Gross Loss Default of the Monthly Period Credit Type Type of Car Amount Classic Credit New 6.00 407,644.91 Used 0.00 0.00 Subtotal 6.00 407,644.91 Used Car Classic Credit New 0.00 0.00 Used 0.00 0.00 Subtotal 0.00 0.00 Balloon Credit New 0.00 0.00 Used 0.00 0.00 Subtotal 0.00 0.00 Exquisite easy loan New 0.00 0.00 Used 0.00 0.00 Subtotal 0.00 0.00 Enjoyable balance loan New 0.00 0.00 Used 0.00 0.00 Subtotal 0 0.00 Total 6 407,644.91 Spalte1 Spalte2 Spalte3 Spalte3 Spalte5 Cumulative Gross Loss as of the End of the Monthly Period as of Cut-Off-Date Cumulative Gross Loss Ratio 131 3,000,038,349.40 0.2585% Current Period Cumulative Gross Loss Monthly Period Gross Loss Gross Loss 07/2016 1 165,524.90 1 165,524.90 08/2016 8 555,414.63 9 720,939.53 09/2016 6 544,405.11 15 1,265,344.64 10/2016 11 602,022.15 26 1,867,366.79 11/2016 14 760,353.96 40 2,627,720.75 12/2016 20 1,105,458.43 60 3,733,179.18 01/2017 11 358,376.70 71 4,091,555.88 02/2017 19 1,362,976.54 90 5,454,532.42 03/2017 15 944,647.90 105 6,399,180.32 04/2017 20 947,295.69 125 7,346,476.01 05/2017 6 407,644.91 131 7,754,120.92 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 04/2018 05/2018 Total 131 7,754,120.92 131 7,754,120.92 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 21 / 31

Down Payment Credit Type Customer Type Vehicle Status Classic Credit Used Car Classic Credit Balloon Credit Exquisite easy loan Enjoyable balance loan Corporate Individual New Used Down Down Down Down Payment/ Down Payment/ Down Payment/ Percentage Percentage Down Payment/ Down Payment/ Down Payment/ Down Payment/ Payment/ Payment/ Payment/ Down Payment Purchase Price Purchase Price in Purchase Price in of Loans of Purchase Price in % Purchase Price in % Purchase Price in % Purchase Price in % Purchase Purchase Purchase in % % % Price in % Price in % Price in % > 0 and <= 30,000 4,617 12.58% 91,484,914.70 7.48% 31.42% 4,615 91,443,235.86 31.41% 2 41,678.84 50.00% 0 0.00 0.00% 0 0.00 0.00% 0 0.00 0.00% 464 7,716,267.22 32.99% 4,153 83,768,647.48 31.25% 4,615 91,443,235.86 31.41% 2 41,678.84 50.00% > 30,000 and <= 60,000 13,081 35.65% 321,669,157.93 26.29% 38.31% 13,050 320,519,466.78 38.30% 20 418,423.32 51.86% 0 0.00 0.00% 10 704,567.29 32.30% 1 26,700.54 60.00% 240 3,695,722.92 42.69% 12,841 317,973,435.01 38.24% 13,061 321,250,734.61 38.29% 20 418,423.32 51.86% > 60,000 and <= 90,000 8,397 22.88% 272,085,989.93 22.24% 44.12% 8,211 254,746,006.79 44.49% 23 642,882.96 51.09% 0 0.00 0.00% 163 16,697,100.18 30.06% 0 0.00 0.00% 85 4,219,501.88 32.25% 8,312 267,866,488.05 44.28% 8,374 271,443,106.97 44.10% 23 642,882.96 51.09% > 90,000 and <= 120,000 4,538 12.37% 187,806,102.86 15.35% 46.94% 4,481 184,946,912.68 46.93% 49 1,705,286.19 51.33% 0 0.00 0.00% 7 1,149,847.88 31.89% 1 4,056.11 64.46% 77 5,971,214.16 33.04% 4,461 181,834,888.70 47.29% 4,489 186,100,816.67 46.90% 49 1,705,286.19 51.33% > 120,000 and <= 150,000 2,369 6.46% 83,121,603.99 6.79% 53.95% 2,325 81,176,619.64 54.02% 43 1,729,669.04 51.38% 0 0.00 0.00% 1 215,315.31 30.00% 0 0.00 0.00% 35 2,232,368.17 38.01% 2,334 80,889,235.82 54.29% 2,326 81,391,934.95 54.00% 43 1,729,669.04 51.38% > 150,000 and <= 180,000 1,121 3.06% 43,568,844.41 3.56% 54.13% 1,082 41,428,673.85 54.25% 37 1,797,369.04 51.73% 0 0.00 0.00% 2 342,801.52 40.58% 0 0.00 0.00% 23 2,267,235.58 34.93% 1,098 41,301,608.83 54.79% 1,084 41,771,475.37 54.22% 37 1,797,369.04 51.73% > 180,000 and <= 210,000 917 2.50% 50,824,740.75 4.15% 51.99% 893 49,376,507.45 52.06% 22 1,182,263.23 53.14% 1 19,334.73 30.09% 1 246,635.34 30.00% 0 0.00 0.00% 20 3,028,390.39 33.20% 897 47,796,350.36 52.66% 895 49,642,477.52 51.97% 22 1,182,263.23 53.14% >210,000 and <= 240,000 809 2.20% 39,565,008.22 3.23% 54.12% 796 38,891,773.71 54.12% 13 673,234.51 54.37% 0 0.00 0.00% 0 0.00 0.00% 0 0.00 0.00% 22 2,231,173.36 34.49% 787 37,333,834.86 55.00% 796 38,891,773.71 54.12% 13 673,234.51 54.37% >240,000 and <= 270,000 245 0.67% 14,804,556.17 1.21% 51.75% 244 14,694,667.37 51.75% 1 109,888.80 50.00% 0 0.00 0.00% 0 0.00 0.00% 0 0.00 0.00% 10 1,146,013.49 40.68% 235 13,658,542.68 52.36% 244 14,694,667.37 51.75% 1 109,888.80 50.00% >270,000 and <= 300,000 158 0.43% 31,470,377.84 2.57% 36.63% 144 29,170,467.16 36.13% 10 729,205.72 51.25% 4 1,570,704.96 30.01% 0 0.00 0.00% 0 0.00 0.00% 30 6,958,886.77 33.49% 128 24,511,491.07 37.46% 148 30,741,172.12 35.94% 10 729,205.72 51.25% >300,000 441 1.20% 87,066,769.48 7.12% 44.67% 420 83,944,749.83 44.43% 19 2,181,011.25 53.57% 2 941,008.40 30.31% 0 0.00 0.00% 0 0.00 0.00% 56 14,322,892.91 39.02% 385 72,743,876.57 45.65% 422 84,885,758.23 44.35% 19 2,181,011.25 53.57% Total 36,693 100.00% 1,223,468,066.28 100.00% 0.00% 36,261 1,190,339,081.12 0.00% 239 11,210,912.90 0.00% 7 2,531,048.09 0.00% 184 19,356,267.52 0.00% 2 30,756.65 0.00% 1,062 53,789,666.85 0.00% 35,631 1,169,678,399.43 0.00% 36,454 1,212,257,153.38 0.00% 239 11,210,912.90 0.00% Minimum Down Payment Maximum Down Payment Average Down Payment Type of Payment Statistics Down Payments 13,680.00 1,740,000.00 118,154.38 Credit Type Customer Type Vehicle Status Used Car Classic Credit Balloon Credit Exquisite easy loan Corporate Individual Classic Credit Enjoyable balance loan New Used Percentage Percentage Type of Payment Loans of Loans of Direct Debit 36,686 99.98% 1,223,407,565.40 100.00% 36,254 1,190,278,580.24 239 11,210,912.90 7 2,531,048.09 184 19,356,267.52 2 30,756.65 1,055 53,729,165.97 35,631 1,169,678,399.43 36,447 1,212,196,652.50 239 11,210,912.90 Others 7 0.02% 60,500.88 0.00% 7 60,500.88 0 0.00 0 0.00 0 0.00 0 0.00 7 60,500.88 0 0.00 7 60,500.88 0 0.00 Total 36,693 100.00% 1,223,468,066.28 100.00% 36,261 1,190,339,081.12 239 11,210,912.90 7 2,531,048.09 184 19,356,267.52 2 30,756.65 1,062 53,789,666.85 35,631 1,169,678,399.43 36,454 1,212,257,153.38 239 11,210,912.90 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 22 / 31

Distribution of Loan per Borrower Contract Concentration Customers Percentage of Customers Loans Percentage of Loans Percentage of 1 36,084 99.59% 36,084 98.34% 1,213,093,649.51 99.15% 2 55 0.15% 110 0.30% 2,216,646.49 0.18% 3 32 0.09% 96 0.26% 1,435,047.88 0.12% 4 16 0.04% 65 0.18% 1,212,034.03 0.10% 5 17 0.05% 85 0.23% 1,393,293.71 0.11% 6-10 22 0.06% 158 0.43% 2,724,659.81 0.22% > 10 7 0.02% 95 0.26% 1,392,734.85 0.11% Total 36,233 100.00% 36,693 100.00% 1,223,468,066.28 100.00% Top 20 Borrower Number Percentage of 1 1,051,619.07 0.09% 1 2 1,002,101.25 0.08% 1 3 985,673.35 0.08% 1 4 810,848.45 0.07% 1 5 648,156.83 0.05% 1 6 623,500.77 0.05% 1 7 612,942.54 0.05% 1 8 600,730.76 0.05% 1 9 556,850.74 0.05% 1 10 549,607.98 0.04% 1 11 537,500.78 0.04% 1 12 535,802.94 0.04% 1 13 525,597.16 0.04% 1 14 510,625.67 0.04% 1 15 482,556.38 0.04% 1 16 473,261.22 0.04% 1 17 465,444.06 0.04% 1 18 458,452.02 0.04% 1 19 457,512.46 0.04% 1 20 456,453.86 0.04% 1 Total 12,345,238.29 1.01% 20 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 23 / 31

Distribution by Credit Type Customer Type Vehicle Status Used Car Classic Credit Balloon Credit Exquisite easy loan Classic Credit Enjoyable balance loan Corporate Individual New Distribution by Percentage Percentage of Loans of Loans >= 0 and <= 50,000 30,423 82.91% 651,463,584.52 53.25% 30,269 647,201,727.95 149 4,120,529.03 1 19,334.73 2 91,236.16 2 30,756.65 816 14,309,610.98 29,607 637,153,973.54 30,274 647,343,055.49 149 4,120,529.03 >50,000 and <= 100,000 4,829 13.16% 319,575,580.53 26.12% 4,684 308,083,534.37 75 4,927,751.52 0 0.00 70 6,564,294.64 0 0.00 97 7,023,520.80 4,732 312,552,059.73 4,754 314,647,829.01 75 4,927,751.52 >100,000 and <= 150,000 870 2.37% 102,656,315.56 8.39% 758 90,686,442.30 9 1,053,557.76 0 0.00 103 10,916,315.50 0 0.00 60 7,122,018.20 810 95,534,297.36 861 101,602,757.80 9 1,053,557.76 >150,000 and <= 200,000 206 0.56% 34,615,083.30 2.83% 196 32,896,227.49 5 848,597.49 0 0.00 5 870,258.32 0 0.00 26 4,476,628.76 180 30,138,454.54 201 33,766,485.81 5 848,597.49 >200,000 and <= 250,000 101 0.28% 22,508,403.39 1.84% 97 21,594,240.49 0 0.00 0 0.00 4 914,162.90 0 0.00 9 1,977,900.45 92 20,530,502.94 101 22,508,403.39 0 0.00 >250,000 and <= 300,000 88 0.24% 24,219,946.01 1.98% 87 23,959,468.91 1 260,477.10 0 0.00 0 0.00 0 0.00 18 4,926,907.81 70 19,293,038.20 87 23,959,468.91 1 260,477.10 >300,000 and <= 350,000 71 0.19% 22,887,700.44 1.87% 70 22,570,357.80 0 0.00 1 317,342.64 0 0.00 0 0.00 12 3,908,576.04 59 18,979,124.40 71 22,887,700.44 0 0.00 >350,000 and <= 400,000 58 0.16% 21,666,902.92 1.77% 57 21,269,432.79 0 0.00 1 397,470.13 0 0.00 0 0.00 12 4,441,335.26 46 17,225,567.66 58 21,666,902.92 0 0.00 >400,000 and <= 450,000 24 0.07% 10,167,318.52 0.83% 22 9,311,426.33 0 0.00 2 855,892.19 0 0.00 0 0.00 6 2,515,972.64 18 7,651,345.88 24 10,167,318.52 0 0.00 >450,000 and <= 500,000 9 0.02% 4,155,672.80 0.34% 7 3,214,664.40 0 0.00 2 941,008.40 0 0.00 0 0.00 3 1,378,805.43 6 2,776,867.37 9 4,155,672.80 0 0.00 >500,000 14 0.04% 9,551,558.29 0.78% 14 9,551,558.29 0 0.00 0 0.00 0 0.00 0 0.00 3 1,708,390.48 11 7,843,167.81 14 9,551,558.29 0 0.00 Total 36,693 100.00% 1,223,468,066.28 100.00% 36,261 1,190,339,081.12 239 11,210,912.90 7 2,531,048.09 184 19,356,267.52 2 30,756.65 1,062 53,789,666.85 35,631 1,169,678,399.43 36,454 1,212,257,153.38 239 11,210,912.90 Used Statistics Minimum Maximum Average 0.00 1,051,619.07 33,343.36 Distribution by Original Principal Credit Type Customer Type Vehicle Status Classic Credit Used Car Classic Credit Balloon Credit Exquisite easy loan Enjoyable balance loan Corporate Individual New Used Distribution by Original Percentage Percentage of Principal Loans of Loans >= 0 and <= 50k 8,413 22.93% 108,779,982.30 8.89% 8,391 108,397,136.83 20 352,088.82 0 0.00 0 0.00 2 30,756.65 475 6,319,647.51 7,938 102,460,334.79 8,393 108,427,893.48 20 352,088.82 >50k and <= 100k 17,582 47.92% 456,214,362.81 37.29% 17,521 454,257,461.80 55 1,624,923.42 0 0.00 6 331,977.59 0 0.00 234 4,896,071.40 17,348 451,318,291.41 17,527 454,589,439.39 55 1,624,923.42 >100k and <= 150k 6,021 16.41% 248,750,507.20 20.33% 5,924 243,757,381.78 80 3,424,179.70 0 0.00 17 1,568,945.72 0 0.00 61 2,541,196.19 5,960 246,209,311.01 5,941 245,326,327.50 80 3,424,179.70 >150k and <= 200k 2,467 6.72% 136,885,628.30 11.19% 2,268 118,653,547.19 47 2,553,417.53 0 0.00 152 15,678,663.58 0 0.00 66 3,813,037.43 2,401 133,072,590.87 2,420 134,332,210.77 47 2,553,417.53 >200k and <= 250k 930 2.53% 70,179,493.20 5.74% 915 68,821,231.44 10 495,744.03 0 0.00 5 862,517.73 0 0.00 48 3,624,520.51 882 66,554,972.69 920 69,683,749.17 10 495,744.03 >250k and <= 300k 458 1.25% 40,275,020.19 3.29% 442 38,540,348.20 14 1,313,385.56 0 0.00 2 421,286.43 0 0.00 43 4,037,717.03 415 36,237,303.16 444 38,961,634.63 14 1,313,385.56 >300k and <= 350k 91 0.25% 9,543,074.19 0.78% 84 8,993,594.63 7 549,479.56 0 0.00 0 0.00 0 0.00 10 1,076,471.44 81 8,466,602.75 84 8,993,594.63 7 549,479.56 >350k and <= 400k 94 0.26% 12,315,192.03 1.01% 89 11,585,134.79 4 483,816.11 0 0.00 1 246,241.13 0 0.00 11 1,179,863.90 83 11,135,328.13 90 11,831,375.92 4 483,816.11 >400k and <= 450k 126 0.34% 19,148,727.26 1.57% 125 18,995,326.19 1 153,401.07 0 0.00 0 0.00 0 0.00 20 2,889,365.85 106 16,259,361.41 125 18,995,326.19 1 153,401.07 >450k and <= 500k 165 0.45% 26,303,009.32 2.15% 163 26,037,039.25 0 0.00 1 19,334.73 1 246,635.34 0 0.00 19 3,492,761.47 146 22,810,247.85 165 26,303,009.32 0 0.00 >500k 346 0.94% 95,073,069.48 7.77% 339 92,300,879.02 1 260,477.10 6 2,511,713.36 0 0.00 0 0.00 75 19,919,014.12 271 75,154,055.36 345 94,812,592.38 1 260,477.10 Total 36,693 100.00% 1,223,468,066.28 100.00% 36,261 1,190,339,081.12 239 11,210,912.90 7 2,531,048.09 184 19,356,267.52 2 30,756.65 1,062 53,789,666.85 35,631 1,169,678,399.43 36,454 1,212,257,153.38 239 11,210,912.90 Minimum Original Principal Maximum Original Principal Average Original Principal Statistics 15,000.00 2,135,000.00 181,950.11 Volkswagen Finance (China) Co., Ltd 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Effective Interest Rate Credit Type Customer Type Vehicle Status Used Car Classic Credit Balloon Credit Exquisite easy loan Classic Credit Enjoyable balance loan Corporate Individual New Used Interest Rate paid by the Percentage Percentage Receivable Debtor Loans of Loans of 0.00% 18,535 50.51% 417,234,528.75 34.10% 18,215 393,443,691.34 157 7,214,168.54 0 0.00 163 16,576,668.87 0 0.00 415 7,468,366.03 18,120 409,766,162.72 18,378 410,020,360.21 157 7,214,168.54 > 0.00% and <= 5.00% 6,171 16.82% 426,182,214.75 34.83% 6,133 420,528,302.37 23 1,782,034.35 6 2,511,713.36 9 1,360,164.67 0 0.00 266 35,637,314.45 5,905 390,544,900.30 6,148 424,400,180.40 23 1,782,034.35 > 5.00% and <= 6.00% 1,209 3.29% 40,436,770.33 3.31% 1,202 39,693,157.26 0 0.00 0 0.00 7 743,613.07 0 0.00 25 698,140.41 1,184 39,738,629.92 1,209 40,436,770.33 0 0.00 > 6.00% and <= 7.00% 1,303 3.55% 59,157,389.62 4.84% 1,299 58,728,204.05 0 0.00 0 0.00 4 429,185.57 0 0.00 12 622,262.09 1,291 58,535,127.53 1,303 59,157,389.62 0 0.00 > 7.00% and <= 8.00% 5,884 16.04% 161,165,228.94 13.17% 5,884 161,165,228.94 0 0.00 0 0.00 0 0.00 0 0.00 68 1,838,849.77 5,816 159,326,379.17 5,884 161,165,228.94 0 0.00 > 8.00% and <= 9.00% 552 1.50% 15,592,019.88 1.27% 552 15,592,019.88 0 0.00 0 0.00 0 0.00 0 0.00 1 33,291.60 551 15,558,728.28 552 15,592,019.88 0 0.00 > 9.00% and <= 10.00% 342 0.93% 15,415,037.26 1.26% 342 15,415,037.26 0 0.00 0 0.00 0 0.00 0 0.00 27 441,280.53 315 14,973,756.73 342 15,415,037.26 0 0.00 > 10.00% and <= 11.00% 1,097 2.99% 37,402,247.98 3.06% 1,097 37,402,247.98 0 0.00 0 0.00 0 0.00 0 0.00 68 1,400,016.81 1,029 36,002,231.17 1,097 37,402,247.98 0 0.00 > 11.00% and <= 12.00% 1,523 4.15% 47,393,349.06 3.87% 1,476 45,398,660.89 44 1,717,296.18 0 0.00 1 246,635.34 2 30,756.65 179 5,644,594.21 1,344 41,748,754.85 1,479 45,676,052.88 44 1,717,296.18 > 12.00% and <= 13.00% 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 > 13.00% and <= 14.00% 51 0.14% 2,861,787.53 0.23% 50 2,842,452.80 0 0.00 1 19,334.73 0 0.00 0 0.00 0 0.00 51 2,861,787.53 51 2,861,787.53 0 0.00 > 14.00% and <= 15.00% 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 > 15.00% and <= 16.00% 26 0.07% 627,492.18 0.05% 11 130,078.35 15 497,413.83 0 0.00 0 0.00 0 0.00 1 5,550.95 25 621,941.23 11 130,078.35 15 497,413.83 >16% 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Total 36,693 100.00% 1,223,468,066.28 100.00% 36,261 1,190,339,081.12 239 11,210,912.90 7 2,531,048.09 184 19,356,267.52 2 30,756.65 1,062 53,789,666.85 35,631 1,169,678,399.43 36,454 1,212,257,153.38 239 11,210,912.90 Statistics Interest Rate Minimum Effective Interest Rate Maximum Effective Interest Rate Weighted Average Effective Interest Rate 0.00% 15.85% 3.90% Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 25 / 31

Distribution by Original Term Credit Type Customer Type Vehicle Status Used Car Classic Credit Balloon Credit Exquisite easy loan Classic Credit Enjoyable balance loan Corporate Individual New Length of Original Percentage Percentage Term (months) Loans of Loans of <= 12 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 > 12 and <= 24 16,977 46.27% 360,338,252.17 29.45% 16,801 352,515,632.06 173 7,474,520.82 1 317,342.64 0 0.00 2 30,756.65 467 9,634,662.35 16,510 350,703,589.82 16,804 352,863,731.35 173 7,474,520.82 > 24 and <= 36 19,354 52.75% 844,480,315.17 69.02% 19,099 819,193,284.85 66 3,736,392.08 5 2,194,370.72 184 19,356,267.52 0 0.00 591 43,862,432.69 18,763 800,617,882.48 19,288 840,743,923.09 66 3,736,392.08 > 36 and <= 48 76 0.21% 4,438,766.54 0.36% 75 4,419,431.81 0 0.00 1 19,334.73 0 0.00 0 0.00 2 253,729.26 74 4,185,037.28 76 4,438,766.54 0 0.00 > 48 and <= 60 286 0.78% 14,210,732.40 1.16% 286 14,210,732.40 0 0.00 0 0.00 0 0.00 0 0.00 2 38,842.55 284 14,171,889.85 286 14,210,732.40 0 0.00 Total 36,693 100.00% 1,223,468,066.28 100.00% 36,261 1,190,339,081.12 239 11,210,912.90 7 2,531,048.09 184 19,356,267.52 2 30,756.65 1,062 53,789,666.85 35,631 1,169,678,399.43 36,454 1,212,257,153.38 239 11,210,912.90 Used Statistics Original Term Minimum Original Term in months Maximum Original Term in months Weighted Average Original Term in months 18 60 33 Distribution by Remaining Term Credit Type Customer Type Vehicle Status Classic Credit Used Car Classic Credit Balloon Credit Exquisite easy loan Enjoyable balance loan Corporate Individual New Used Length of Remaining Percentage Percentage Term (months) Loans of Loans of <= 12 25,459 69.38% 548,126,567.94 44.80% 25,162 529,232,735.30 188 7,966,127.77 2 336,677.37 105 10,560,270.85 2 30,756.65 739 18,663,882.04 24,720 529,462,685.90 25,271 540,160,440.17 188 7,966,127.77 > 12 and <= 24 11,100 30.25% 664,858,178.29 54.34% 10,965 650,623,025.77 51 3,244,785.13 5 2,194,370.72 79 8,795,996.67 0 0.00 322 35,006,525.49 10,778 629,851,652.80 11,049 661,613,393.16 51 3,244,785.13 > 24 and <= 36 116 0.32% 8,604,745.41 0.70% 116 8,604,745.41 0 0.00 0 0.00 0 0.00 0 0.00 1 119,259.32 115 8,485,486.09 116 8,604,745.41 0 0.00 > 36 and <= 48 18 0.05% 1,878,574.64 0.15% 18 1,878,574.64 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 18 1,878,574.64 18 1,878,574.64 0 0.00 > 48 and <= 60 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 Total 36,693 100.00% 1,223,468,066.28 100.00% 36,261 1,190,339,081.12 239 11,210,912.90 7 2,531,048.09 184 19,356,267.52 2 30,756.65 1,062 53,789,666.85 35,631 1,169,678,399.43 36,454 1,212,257,153.38 239 11,210,912.90 Statistics Remaining Term Minimum Remaining Term in months Maximum Remaining Term in months Weighted Average Remaining Term in months 0 47 14 Distribution by Seasoning Credit Type Customer Type Vehicle Status Classic Credit Used Car Classic Credit Balloon Credit Exquisite easy loan Enjoyable balance loan Corporate Individual New Used Percentage Percentage Seasoning (months) Loans Loans Loans Loans of Loans of Loans Loans Loans Loans Loans Loans <= 12 0 0.00% 0.00 0.00% 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 > 12 and 28,574 77.87% 1,051,955,405.54 85.98% 28,224 1,026,061,686.78 225 10,751,889.99 6 2,511,713.36 117 12,599,358.76 2 30,756.65 810 46,186,947.10 27,764 1,005,768,458.44 28,349 1,041,203,515.55 225 10,751,889.99 <= 24 > 24 and <= 36 7,926 21.60% 165,130,431.72 13.50% 7,845 157,914,500.05 14 459,022.91 0 0.00 67 6,756,908.76 0 0.00 249 7,429,407.26 7,677 157,701,024.46 7,912 164,671,408.81 14 459,022.91 > 36 and <= 48 117 0.32% 4,988,691.55 0.41% 116 4,969,356.82 0 0.00 1 19,334.73 0 0.00 0 0.00 1 134,469.94 116 4,854,221.61 117 4,988,691.55 0 0.00 > 48 and <= 60 76 0.21% 1,393,537.47 0.11% 76 1,393,537.47 0 0.00 0 0.00 0 0.00 0 0.00 2 38,842.55 74 1,354,694.92 76 1,393,537.47 0 0.00 Total 36,693 100.00% 1,223,468,066.28 100.00% 36,261 1,190,339,081.12 239 11,210,912.90 7 2,531,048.09 184 19,356,267.52 2 30,756.65 1,062 53,789,666.85 35,631 1,169,678,399.43 36,454 1,212,257,153.38 239 11,210,912.90 Statistics Seasoning Minimum Seasoning in months Maximum Seasoning in months Weighted Average Seasoning in months 13 60 19 Volkswagen Finance (China) Co., Ltd ABS Operations ABSOperations.China@vwfsag.com +8610-65897000 26 / 31