9F Inc. announced the appointment of Dr. Haitian Lu as an independent director of the Company, effective August 7, 2020. Dr. Haitian Lu will service as a member of the audit committee and the nominating and corporate governance committee, and the chairman of the compensation committee, of the board of directors of the Company. Dr. Haitian Lu is currently a professor in law at the School of Accounting and Finance and the director of Chinese Mainland Affairs at The Hong Kong Polytechnic University. Dr. Lu is currently serving as an independent non-executive director of K. H. Group Holdings Limited, an independent non-executive director of Loto Interactive Limited, and an independent non-executive director of China Life Trustees Limited. Dr. Lu has more than 15 years of experience in accounting, finance. Effective August 7, 2020, the Company will make the following adjustments to some senior management positions due to internal management organization adjustment reflecting the Company’s latest business strategy: Each position of president of the Company and chief executive officer of Financial Institution Business will be cancelled. New position of chief executive officer of 9F One Mall Business will be created. Lei Sun, currently the chairman of the board or directors and chief executive officer, will continue to serve as the chairman of the board of directors. Guisheng Li, currently a vice president and chief executive officer of Financial Institution Business of the Company, will serve as the chief executive officer of 9F One Mall Business and continue to serve as a vice president of the Company. Zengxiao Jin will no longer serve as a vice president and chief executive officer of Southeast Asia Business of the Company.