The board of directors of Yin He Holdings Limited announced that with effect from 5 March 2019: Mr. Li Ang ("Mr. Li") has been appointed as the chairman of the Company ("Chairman"); and Mr. Cai Zhen Hui ("Mr. Cai") has been appointed as the chief executive officer of the Company ("CEO"). The Board announced that Mr. Li, has been appointed as the Chairman with effect from 5 March 2019. Mr. Li, aged 32, is currently an executive Director.

He is also directors of a number of the subsidiaries of the Group. Mr. Li joined the Group in April 2017. The Board announced that Mr. Cai, has been appointed as the CEO with effect from 5 March 2019.

Mr. Cai has over 10 years of working experience in the financial industry and has extensive management experience. Prior to joining the Group, Mr. Cai held management positions with the Guangzhou Branch of Hong Kong and Shanghai Banking Corporation Limited. Currently, he is also the directors of a number of the subsidiaries of the Group.

Mr. Cai joined the Group in January 2017.