Renren Appoints Michael McGowan as Vice President of Sales for Chime Technologies

BEIJING,March 26,2019 -- Renren Inc.(NYSE: RENN) ("Renren"),which operates a used auto business and SaaS business,today announced the appointment ofMichael J McGowan,Jr. as Vice President of Sales for Chime Technologies ("Chime"),a subsidiary of Renren. Chime is an operating system for the real estate industry.

"Mike McGowan is an asset to our leadership team and will be instrumental as we work to expand our offerings to best meet the needs of our customers," said Joseph Chen,Renren's chairman and chief executive officer. "Today's real estate professionals require fully integrated,mobile first solutions to keep pace with an always-on economy. With Mike at the helm of our hard-working sales team,we are poised for great success in continuing to innovate our set of solutions,designed with the modern real estate professional in mind."

Prior to joining Chime,as Vice President of Sales for CINC,McGowan successfully led a team of inside sales representatives along with enterprise field representatives to an average of 30% sales growth year over year. As a former United States Marine Corps veteran,McGowan also boasts an impressive career in the financial services industry,with extensive experience in SaaS sales. He joins the growing leadership team at Chime Technologies to help support the increased demand among real estate teams for a next generation operating system and innovative suite of productivity tools.

About Renren Inc.

Renren Inc. (NYSE: RENN) operates a used car business and SaaS business. Renren's American depositary shares,each of which represents fifteen Class A ordinary shares,trade on the NYSE under the symbol "RENN".

About Chime Technologies

Chime is an operating system for the real estate industry headquartered in Phoenix,Arizona. Its award-winning productivity suite offers a robust set of features that help real estate professionals and teams of all sizes run and grow their business. Chime Technologies operates as a US subsidiary of Renren,Inc. (RENN). For more information,contact info@chime.me or +1 888-682-4463,or visit www.chime.me/.

Investor Relations Contact:

Investor Relations Department

Renren Inc.

Tel: +86 10 84481818 ext. 1300

Email: ir@renren-inc.com

Media Contact:

Sarah Murray

Attune Communications

Tel: +1 781-378-2674

Email: sarah@attunecommunications.com

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