The board of directors of 51 Credit Card Inc. announced that Mr. Zheng Haiguo has resigned as an executive Director and the chief executive officer (the "Chief Executive Officer") of the Company with effect from 7 January 2022 due to his decision to devote more time to pursue his other business development. The Board further announces that Ms. Wu Shan has been appointed as an executive Director with effect from 7 January 2022. Ms. Wu Shan aged 37, is a vice-president of the Company.

She has extensive and, solid experience in corporate and commercial affairs. Ms. Wu has held senior position in the corporate legal department of a large state-owned enterprise, and subsequently joined the Company in November 2014. Ms. Wu has served as the director of the legal department of the Company, where she is fully responsible for the legal affairs of the Group.