China Rapid Finance Limited announced that Dr. Po Wang will now focus on new business development in order to accelerate the Company's growth and planned return to profitability. As a result, Dr. Wang's title was changed from Co-CEO to Executive Vice-President, New Ventures. Dr. Wang will remain on the Board as an executive director.

A key element of the Company's recovery plan is to partner with multiple financial services enterprises that can leverage the Company's decision-making" technology to better serve their large customer bases.