China Rapid Finance Limited announced that its Vice President of Finance Lan Xie has completed her planned on boarding as Chief Financial Officer. Ms. Xie's recruitment was overseen by Kerry Shen, the Company's former CFO, as part of the organizational plans approved earlier this year by the Board of Directors. Ms. Xie joined the Company as Vice President of Finance on October 1st and has transitioned into the Chief Financial Officer role over the past two months with the assistance of Mr. Shen, who is pursuing a new opportunity.

The Company also announced further additions to its leadership team with the appointment of Kevin Kong as General Counsel. Lan Xie brings to the Company rich experience in global finance. Prior to joining XRF, she served as China Chief Financial Officer and Vice President of Finance for SciClone.

Before SciClone, she served as Vice President of Finance and Investor Relations at Shangpharma Corporation, and was closely involved with that company's Initial Public Offering (IPO) on the New York Stock Exchange (NYSE). Kevin Kong joined the Company earlier this year as General Counsel, and brings over a decade of experience in management, corporate law, and regulatory compliance gained in both New York and Shanghai. In addition to being an experienced corporate attorney from the international law firm of Sidley Austin LLP, Mr. Kong has previously served as General Counsel for two U.S.-listed Chinese companies, Spreadtrum Communications Inc. and ASAT Holdings Limited.

Mr. Kong's areas of legal expertise include U.S. securities, capital markets, regulatory compliance, mergers and acquisitions, corporate finance, and corporate governance.