The board of directors of Bairong Inc. announced that Mr. Ren Xuefeng has tendered his resignation as a non-executive Director with effect from January 13, 2023, due to his desire to devote more time to his other commitments.
The Board announced that Mr. Ou Wenzh has been appointed as a non-executive Director with effect from January 13, 2023. Mr. Ou, aged 53, has over 34 years of experience in the financial industry. Since September
2020 and November 2018, Mr. Ou has been the chief operating officer of Guoxin Science and Technology (Hangzhou) Equity Investment Company Limited and the chief executive officer of Guoxin Science and Technology Fund Management Company Limited respectively. During the period from September 2017 to November 2018, he served as the managing director of the operation and management department of China Guoxin Fund Management Company Limited. During the period from July 2015 to September 2017, he served as the executive deputy general manager of BOC Yue Cai Equity Investment Fund Management Company. From December 2009 to July 2015, he was the general manager of the fund investment management department of BOC Group Investment Company Limited. From June 2005 to December 2009, he was the head of Bank of China Guangdong Haizhu branch. Mr. Ou received a bachelor's degree in international finance from Jinan University, China in July 1999.