The board of directors of Credit China FinTech Holdings Limited announced that with effect from 27 June 2017: Dr. Wang Songqi has been appointed as an independent non-executive Director; Dr. Wang has also been appointed as a member of each of the audit committee, the nomination committee and the remuneration committee of the company; and Dr. Yin Zhongli, an INED, has been appointed as the chairman of the Remuneration Committee. Dr. Wang Songqi is a professor and a tutor of doctoral students of Graduate School of Chinese Academy of Social Sciences. Dr. Wang has been an independent director of Ping An Bank Co. Ltd. since January 2014. Dr. Wang shall hold office until the next following general meeting of the Company and if re-elected by the shareholders of the Company thereat, will be subject to retirement by rotation and re-election at annual general meeting of the company at least once every three years in accordance with the articles of association of the Company. An appointment letter.