exhibit 10. 7 equity interest pledge agreement this equity interest pledge agreement ( this “ agreement ” ) is entered in beijing, the people ’ s republic of china ( “ prc ”, excluding the hong kong special administrative region, the macao special administrative region and taiwan, for the purposes of this agreement ) and dated august 18, 2017 by and between the following parties : ( 1 ) pledgee : shanghai renren automobile technology co., ltd. registered address : room 917 - 918, no 328, jiajian road, jiading district, shanghai, china representative : liu jian ( 1 ) pledgee : shanghai renren automobile technology co., ltd. registered address : room 917 - 918, no 328, jiajian road, jiading district, shanghai, china representative : liu jian ( 1 ) pledgee : shanghai renren automobile technology co., ltd. registered address : room 917 - 918, no 328, jiajian road, jiading district, shanghai, china representative : liu jian and ( 2 ) pledgor : ren jintao ( 2 ) pledgor : ren jintao ( 2 ) pledgor : ren jintao prc identification card no : 110105197805152331 residential address : no. 222 of third floor, no. 33 of beiwaxili, haidian district, beijing, china ( individually a “ party ” and collectively the “ parties ” ) whereas : a. the pledgor is a prc citizen, and owns 99 % equity interest in shanghai jieying automobile sale co. ltd ( 上 海 車 有 公 司 ) ( “ prc company ” ). a. the pledgor is a prc citizen, and owns 99 % equity interest in shanghai jieying automobile sale co. ltd ( 上 海 車 有 公 司 ) ( “ prc company ” ). a. the pledgor is a prc citizen, and owns 99 % equity interest in shanghai jieying automobile sale co. ltd ( 上 海 車 有 公 司 ) ( “ prc company ” ). b. prc company is a company registered in shanghai, prc engaging in the business of sales of automobiles. b. prc company is a company registered in shanghai, prc engaging in the business of sales of automobiles. b. prc company is a company registered in shanghai, prc engaging in the business of sales of automobiles