Zhang joins General Atlantic from the Carlyle Group

General Atlantic said June 5 that Eric Zhang has joined the firm as Managing Director and Head of China. Zhang is a former Global Partner and Managing Director of The Carlyle Group.

PRESS RELEASE

BEIJING and NEW YORK – June 5, 2016 – General Atlantic, a leading global growth
equity firm, announced today that Eric Zhang, former Global Partner and Managing
Director of The Carlyle Group, has joined General Atlantic as Managing Director and
Head of China. Mr. Zhang will lead the firm’s investments in growth companies across
China.

“We are excited to build upon our 16 years of experience partnering with leading
entrepreneurs and growth companies in China,” said Bill Ford, Chief Executive Officer
of General Atlantic. “Eric’s impressive track record in Asia, deep local expertise, and
proven ability to invest in and partner with outstanding companies make him an ideal
leader for our local team and long-term efforts in China.”

General Atlantic has been investing in China since 2000 and has invested $1.5 billion in
17 different investments. General Atlantic currently has four offices in Asia located in
Beijing, Hong Kong, Singapore, and Mumbai.

“General Atlantic has capitalized on the emergence of innovative entrepreneurs and
rapidly scaling companies. GA’s unique global capability and unparalleled experience
working with growth companies make GA the partner of choice for disruptive companies
in China. I look forward to building and leading the firm’s presence in China for many
years to come,” said Mr. Zhang.

Mr. Zhang joins General Atlantic from The Carlyle Group where he worked as Global
Partner and Managing Director focused on buyout and growth investments across Asia
from 2006 to 2016. At Carlyle, he led numerous successful private equity transactions.
He is currently on the board of directors of 58.com (NYSE: WUBA) and has previously
served on the boards of China Reading, Soufun (NYSE:SFUN), Yashili (HKSE: 1230),
Plateno Group, Crystal Orange Hotel Group, Kaiyuan Hotel Group and New Century
Asset Management Co. Ltd (HKSE: 1275), and AnNeng Logistics Group.

Previously, Mr. Zhang was a Vice President in the Mergers and Acquisitions group at
Credit Suisse based in Hong Kong. Prior to that, he was a Vice President in the
Investment Banking department at China International Capital Corporate Limited. Mr.
Zhang received his master’s degree in economics from Shanghai University of Finance
and Economics.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic
support for growth companies. Established in 1980, General Atlantic combines a
collaborative global approach, sector-specific expertise, long-term investment horizon,
and a deep understanding of growth drivers to partner with great management and build
exceptional businesses worldwide. General Atlantic has more than 100 investment
professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, London,
Mexico City, Mumbai, Munich, Palo Alto, São Paulo and Singapore.