The board of directors of 51 Credit Card Inc. announced that with effect from 7 January 2022, Mr. Zheng Haiguo has resigned as Chief Executive Officer due to his decision to devote more time to pursue his other business development. The Board further announced that Mr. Sun Haitao ("Mr. Sun") has been appointed as the Chief Executive Officer with effect from 7 January 2022. Mr. Sun Haitao aged 41, is the chairman of the Board and an executive Director, the chairman of the nomination committee of the Company and a member of the remuneration committee of the Company.

Currently, Mr. Sun serves as the chairman of the board of directors, chief executive officer and general manager of Hangzhou Enniu Network Technology Co. Ltd. a subsidiary of the Company, and, also serves as a director of various subsidiaries of the Company. Mr. Sun also serves as the chairman of the board and an executive director of China Netcom Technology Holdings Limited, a subsidiary of the Company.