Yintech Investment Holdings Limited announced that its Board of Directors appointed Mr. Raphael Qian as Vice President and Chief Financial Officer ("CFO") of the Company. With this appointment, Mr. Wenbin Chen, Chief Executive Officer ("CEO") and interim CFO of the Company will focus on strategies and business operations. In his role, Mr. Qian's overall responsibility is supervising the finance and investor relations departments and assisting the CEO with the continuation of the successful strategy in growing the Company's business initiatives.

Mr. Qian has more than 10 years of accounting and financial management experiences focusing on financial reporting, regulatory compliance, internal control, investor communications and corporate finance. Prior to this appointment, Mr. Qian was Vice President and financial controller of Shanghai Dasheng Agricultural Finance, a Hong Kong-listed company since August 2014.