CNFinance Holdings Limited's board of directors appointed Mr. Ge Yang as an independent director, effective on November 22, 2022. Mr. Ge Yang has over 30 years of experiences in corporate finance, non-bank financial institution, and wealth and asset management. He has worked with listed companies both in China and the U.S. Currently based in New York, Mr. Yang is expected to, together with the other board members, explore further opportunities for the Company to continue growth in the capital market.

Mr. Yang holds a bachelor's degree from Nankai University, majoring in International Finance. He also holds an MBA degree from Tsinghua University, and an M.S. in Accounting from Seton Hall University.