The Board of Directors of FinVolution Group has approved the resignation of Mr. Jun (Cliff) Zhang from his position as the company's Co-Chief Executive Officer and Chairman of the Board. Mr. Zhang's resignation was due to personal reasons. Mr. Zhang will continue to serve as an advisor to the Company and remain on the Board as a director.

Mr. Feng Zhang will serve as the sole Chief Executive Officer of the Company. Mr. Feng Zhang has been serving as the Company's Co-Chief Executive Officer since September 2018. Prior to that, he served as the Company's Chief Operating Officer from July 2017 to September 2018 and served as the Company's Chief Risk Officer from April 2015 to July 2017.

Prior to joining the Company, Mr. Zhang held various positions across customer acquisition, risk management and customer management at Capital One Financial Services from 2003 to 2015. In the meantime, Mr. Shaofeng Gu, the Company's director and Chief Innovation Officer will assume the role of Chairman of the Board of Directors.