The board of directors of Yin He Holdings Limited (the ‘Company’) announced that Mr. Cai Zhen Hui (‘Mr. Cai’) has tendered his resignation as the chief executive officer of the Company (‘CEO’) with effect from March 11, 2021. The Board announced that Mr. Li Ang (‘Mr. Li’), has been appointed as the CEO with effect from 11 March 2021. Mr. Li Ang, the chairman of the Company, was appointed as executive Director on 20 April 2017. Mr. Li graduated from University of Auckland in New Zealand with a Bachelor of Arts degree in Economics and obtained an EMBA from Sun Yat-sen University in 2018. Mr. Li has extensive experience in lending business, credit assessment, investment advisory, corporate information advisory and corporate investment management. With effect from 11 March 2021, Mr. Li assumes the positions of Chairman of the Board and CEO.