Pintec Technology Holdings Limited appointed Ms. Hefei Xu to head its risk management department. In this role, Ms. Xu will lead the Company's risk management program for PINTEC's business lines. Ms. Xu will replace Mr. Hai Tong in this role. Mr. Tong has resigned from his position as Chief Risk Officer but will continue providing support to the Company during the transition period. Prior to joining PINTEC's risk management department in 2015, Ms. Xu developed extensive expertise in the modeling and analysis of personal and SME loans as a business analytics manager for GE Capital International Services, the financial services division of General Electric Company.