Bairong Inc. announced that Mr. Zheng Wei, who has been the acting chief financial officer of the Company since May 25, 2023, will be appointed as the chief financial officer of the Company with effect from November 20, 2023. Mr. Zheng, aged 50, joined the Company in April 2016, and currently serves as senior vice president, head of BaaS ­ Insurance Scenario and acting chief financial officer of the Company. He has over twenty years of experience in the field of finance and investment, and has extensive experience in front, middle and back office management under different forms of ownership.

Prior to joining the Company, Mr. Zheng worked as senior finance consultant at Hillhouse from September 2015 to March 2016. He also worked as investment manager at Warburg Pincus from June to August of 2015, as vice president and chief financial officer at Datong Insurance from August 2011 to April 2015, as board secretary at Minsheng Life Insurance from August 2007 to August 2011, and as assistant vice president at Metlife Insurance from December 2004 to August 2007. Mr. Zheng received his Bachelor of Engineering in Industrial Automation from Zhejiang University in July 1995 and his Master of Business Administration in Finance from McMaster University in July 2001.