The board of directors of Shen You Holdings Limited announced that the Board has approved the appointment of Mr. Yu Miaogen as an executive Director and Mr. Gao Biao as a non-executive Director with effect from 26 June 2018. Mr. Yu Miaogen has extensive experience in the finance industry. Mr. Yu served as a business manager as well as a general manager and a director of Shanghai International Trust Co. Ltd. from 1983 to 1991 and from 1992 to 2006 respectively. From November 2006 to September 2011, Mr. Yu served as a chief executive officer and a chairman of Huaan Funds Management Co. Ltd. From September 2011 to July 2012, Mr. Yu served as a general manager of each of Shanghai Reallharmany Equity Investment Management Co., Ltd, Shanghai Reallharmany Venture Investment Center (Limited Partnership) and Shanghai Xinxin Investment Co. Ltd. Since July 2012, Mr. Yu has served as a chief executive officer and a chairman of Fullway Financial Services (Shanghai) Co. Ltd. and since April 2013, Mr. Yu has served as a chairman of Shanghai Fullway Finance Leasing Co. Ltd. Mr. Gao has been a project manager of Shanghai Ruili Investment Management Center (Limited Partnership) since 2017, responsible for risk analysis, fund structure analysis and fund project management.