GoFintech Innovation Limited announced that with effect from 24 March 2023, Mr. Hua Yang (Mr. Hua) has been appointed as an executive Director. Mr. Hua, aged 47, is currently the Chief Executive Officer of the Company. He has extensive experience in assets management, equity investment, insurance, and business administration.

He is 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 redesignated as an executive Director and was the Chief Executive Officer of the Company between March 2018 to April 2020.

Mr. Hua was a managing director of a subsidiary of the Group from April 2020 to 31 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, etc. Mr. Hua graduated with a bachelor's degree in economics and management from Beijing Forestry University in 1997. He also obtained an executive master of business administration degree (EMBA) from Cheung Kong Graduate School of Business in 2005.

The Board further announces that with effect from 24 March 2023, due to change in work arrangement, Mr. Liu Haoyuan, an executive Director, ceased to act as a member to each of the nomination committee and the remuneration committee of the Board. Mr. Hua has in turn been appointed as a member of the nomination committee and the remuneration committee of the Board.