The board of directors of Yixin Group Limited announced that Ms. Xiaozheng Liu, due to her personal reasons, has resigned from her office as chief financial officer of the Company with effect from November 29, 2019. Following the resignation of Ms. Liu, with effect from November 29, 2019, Mr. Ming Xu, the acting Chief Financial Officer will assume the duties of the Chief Financial Officer and be responsible for the overall financial, tax management and capital market functions of the Group. Mr. Xu joined the Group since November 8, 2019 as the acting Chief Financial Officer. Mr. Xu has served as the chief financial officer of Bitauto Holdings Limited ("Bitauto") since June 2018, and has served as a director of Jingzhengu, a leading automobile data service platform in China that Bitauto invests in, since December 2018. Mr. Xu joined Bitauto from UBS AG, where he covered U.S.- and Hong Kong-listed Chinese internet companies since 2014 and most recently served as Co-Head of Hong Kong and China Internet Research. Prior to that, Mr. Xu worked in the China Auto Research team of UBS AG from 2011 to 2014, responsible for coverage of Hong Kong-listed automakers, dealers and auto component makers. Before joining UBS AG, Mr. Xu worked in Nomura Holdings from 2008 to 2011 and in Lehman Brothers in 2008, where he also covered the China automobile industry. Mr. Xu holds a master's degree in economics and a bachelor's degree in finance, both from Fudan University.