CNFinance Holdings Limited announced the retirement of Mr. Paul Wolansky from the Board of Directors, effective on January 11, 2022. Mr. Wolansky has served as a Director of the Company since 2001. At the same time, the Company has appointed Mr. Jun Qian as a Director of the Company, effective on January 11, 2022.

Mr. Jun Qian joined the Company in 2001 and has served as the Vice President of CNFinance since 2010. Mr. Qian has over 20 years of experience in China's loan industry and has served in the Company's senior management team for more than 15 years.