JF Wealth Holdings Ltd. announced that Mr. CAI Zi has tendered his resignation as the chief executive officer of the Company with effect from December 20, 2023 due to the realigning of work focus from the Company to its subsidiaries. Upon his resignation, he will remain as an executive Director of the Company and be responsible for the business management of the subsidiaries of the Company. Following the resignation of Mr. CAI Zi, the Board further announced that with effect from December 20, 2023: Mr. CHEN Wenbin has been re-designated from a non-executive Director to an executive Director and has been appointed as the chief executive officer of the Company. He will be responsible for the overall development strategy, business planning, and management system of the Group, as well as supervising the management and strategic development of the Group. Mr. CHEN Wenbin, aged 48, was appointed as a Director on May 3, 2021. He was re-designated as the non-executive Director and appointed as the chairman of the Board in August 2021. Mr. CHEN Wenbin has over 20 years of experience in the financial and investment advisory industry. From July 1997 to July 2005, he worked at Fuzhou Tianli Investment Consultant Co.,Ltd. with his last position as general manager. Mr. CHEN Wenbin subsequently worked in certain group companies of China Finance Online Co. Ltd. from August 2007 to June 2010, with his last position as the assistant to chairman. During such period, he gained experiences in investment product design, development and marketing. In May 2011, Mr. CHEN Wenbin founded predecessors of Yintech Holdings and was in charge of their management and overall operation. He has served as the chairman, chief executive officer and director of Yintech Holdings since its incorporation in November 2015, and a director of Yinke Holdings since July 2020. Mr. CHEN Wenbin's experience in managing Yintech Holdings, lays the foundation for the Group's evolvement to the present state. Mr. CHEN Wenbin was appointed as the permanent honorary chairman of the Hong Kong Federation of Fujian Associations in October 2018 and the honorary president of Fuqing Shanghai Chamber of Commerce in November 2019. Since April 2019, he has served as a part-time professor at the School of Economics and Management of
Dalian University of Technology. Mr. CHEN Wenbin obtained a double bachelor's degree in chemical engineering and international enterprise management from Dalian University of Technology in the PRC in July 1998 and a degree of executive master of business administration from Cheung Kong Graduate School of Business in the PRC in October 2009. He also obtained a securities investment advisor license granted by the SAC in 2003.