JF Wealth Holdings Ltd. announced that Mr. CHEN Wenbin has been re-designated from a non-executive Director to an executive Director and has been appointed as the chief executive officer of the Company. He will be responsible for the overall development strategy, business planning, and management system of the Group, as well as supervising the management and strategic development of the Group; and Mr. CHEN Jigeng has been re-designated from a non-executive Director to an executive Director and has been appointed as the executive president of Company. He will be responsible for the comprehensive management and overall operation of the Group. Mr. CHEN Wenbin has over 20 years of experience in the financial and investment advisory industry. From July 1997 to July 2005, he worked at Fuzhou Tianli Investment Consultant Co.,Ltd. with his last position as general manager. Mr. CHEN Wenbin subsequently worked in certain group companies of China Finance Online Co. Ltd. which was a prominent web-based financial information and service company providing securities investment advisory, data and analytics services from August 2007 to June 2010, with his last position as the assistant to chairman. During such period, he gained experiences in investment product design, development and marketing. In May 2011, Mr. CHEN Wenbin founded predecessors of Yintech Holdings and was in charge of their management and overall operation. He has served as the chairman, chief executive officer and director of Yintech Holdings since its incorporation in November 2015, and a director of Yinke Holdings since July 2020. Mr. CHEN Wenbin's experience in managing Yintech Holdings, lays the foundation for the Group's evolvement to the present state. Mr. CHEN Wenbin was appointed as the permanent honorary chairman of the Hong Kong Federation of Fujian Associations in October 2018 and the honorary president of Fuqing Shanghai Chamber of Commerce in November 2019. Since April 2019, he has served as a part-time professor at the School of Economics and Management of
Dalian University of Technology. Mr. CHEN Wenbin obtained a double bachelor's degree in chemical engineering and international enterprise management from Dalian University of Technology in the PRC in July 1998 and a degree of executive master of business administration from Cheung Kong Graduate School of Business in the PRC in October 2009. He also obtained a securities investment advisor license granted by the SAC in 2003. Mr. CHEN Jigeng, aged 42, was appointed as a non-executive Director on August 20, 2021. Mr. CHEN Jigeng has over 10 years of experience in the financial services industry. He worked in Beijing Litong Tianxia Technology Co. Ltd. from January 2010 to March 2010, and in Shanghai Zhuosheng Information Technology Co. Ltd. Beijing Branch from April 2010 to May 2011. He joined the predecessors of Yintech Holdings in May 2011 and has served as vice president of Yintech Holdings since its incorporation in November 2015. Mr. CHEN Jigeng has completed the International Experimental Class Program at Shanghai Advanced Institute of Finance of Shanghai Jiao Tong University in the PRC in June 2023.