GoFintech Innovation Limited announces that with effect from 28 February 2024, Mr. HUA Yang has resigned as the chief executive officer of the Company (the "Chief Executive Officer") in order to devote more time to his other business engagements. Mr. Hua, aged 48, was appointed as an executive Director, a member of each of the Nomination Committee and the Remuneration Committee in March 2023. He was appointed as the Chief Executive Officer in January 2023.

He has extensive experience in assets management, equity investment, insurance, and business administration. He was a co-founder and a partner of Source Capital Management Co. Ltd., the first insurance-company-backed private equity investment fund approved by the China Insurance Regulatory Commission, from March 2015 to June 2022.

Mr. Hua joined the Group in October 2017 as a non-executive Director and was re-designated as an executive Director and was the Chief Executive Officer between March 2018 to April 2020. Mr. Hua was a managing director of a subsidiary of the Group from April 2020 to January 2023. Prior to joining the Group, Mr. Hua was the general manager of Sun Life Everbright Asset Management Co.

Ltd. from March 2012 to March 2015. During the period from 1997 to 2012, he had held various senior positions with insurance and securities companies and had completed various initial public offering projects and share placing projects, as well as corporate bonds issuance for a number of companies. Mr. Hua graduated with a bachelor's degree in Economics and Management from Beijing Forestry University in 1997.

He also obtained an executive master's degree in Business Administration (EMBA) from Cheung Kong Graduate School of Business in 2005. The company announced that with effect from 28 February 2024, each of Mr. YUAN Tianfu (Mr. Yuan) and Mr. ZHANG Huachen (Mr. Zhang) has been appointed as a co-chief executive officer of the Company (the Co-Chief Executive Officer). Mr. Yuan, aged 35, joined the Group in January 2022 and served as the deputy chief executive officer of the Company, focusing on the Company's strategic planning, direct investment, securities investment, investment portfolio management and other businesses.

Mr. Yuan currently serves as a director of certain subsidiaries of the Company. Mr. Yuan has over 10 years of experience in the financial industry and is familiar with the environment, regulations and operations of the mainland China, Hong Kong and international capital markets. Before joining the Group, Mr. Yuan served as the senior project manager of the strategic investment department and the vice president of Anbang Insurance Group Holdings Co.

Ltd. from June 2010 to December 2014. From January 2015 to December 2019, he served as the head of the office of the board of directors of Tongchuang Jiuding Investment Management Group Holdings Co. Ltd. From January 2020 to December 2021, he served as the vice president of Kunwu Jiuding Investment Management Co.

Ltd. Mr. Yuan graduated from Tsinghua University in 2010 with a bachelor's degree in Electronic Science and Technology, and further obtained a master's degree in Business Administration from Renmin University of China in 2016. Mr. Zhang, aged 31, joined the Group in September 2022 and served as the deputy chief executive officer of the Company. Mr. Zhang currently serves as a director of certain subsidiaries of the Company.

Mr. Zhang has extensive experience in the capital market. He is familiar with investments in the fields of financial technology and digital assets, and has in-depth understanding of international investment banking, private equity investment, setting up and operations of special purpose acquisition companies (SPAC) in the Hong Kong and U.S. stock markets and fund operations. He focuses on the Company's investment operations, financial technology project investment and financing business, as well as the Company's Type 1, Type 4 and Type 9 licensed businesses regulated by the Securities and Futures Commission.

He is currently a Type 1 and Type 4 licensed representative and a Type 9 responsible officer registered under the Securities and Futures Ordinance. Prior to joining the Group, Mr. Zhang had held management positions with a number of reputable financial institutions including Huarong International Asset Management Limited and etc., and had successfully completed various private equity financing, stock secondary market investment, fixed-income financing and corporate mergers & acquisitions projects. Mr. Zhang graduated from Hong Kong Baptist University in 2015 with a master's degree in Business Management.