FinVolution Group Board of Directors of the Company has approved the resignation of Mr. Feng Zhang from his position as Chief Executive Officer of the Company. Mr. Zhang's resignation was due to personal reasons. The Board has appointed Mr. Tiezheng Li, Vice Chairman of the Board and President of the Company, to assume the position of the Company's Chief Executive Officer, effective March 14, 2023.

Mr. Tiezheng Li is one of the four co-founders of the Company and has been serving as President of the Company since May 2020, Vice Chairman of the Board since September 2018, and Director since March 2015. Mr. Li also served as Chief Strategy Officer of the Company from July 2017 to April 2020, Chief Operating Officer of the Company from April 2015 to July 2017 and Chief Risk Officer of the Company from January 2011 to April 2015. Prior to founding the Company, Mr. Li served as a risk manager at China Minsheng Banking Corporation Limited from 2006 to 2011.

Mr. Li received his bachelor's degree in civil engineering from Shanghai Jiaotong University in China and FMBA degree from China Europe International Business School in China.