China Internet Nationwide Financial Services Inc. announced that Mr. Jianxin Lin tendered his resignation as Chief Executive Officer and Chairman of Company and Mr. Buting Yang tendered his resignation as director of the Company with effect from April 1, 2020. the Board appointed Mr. Warren Wang to succeed Mr. Lin as Chief Executive Officer and Chairman. Prior to his appointment, Mr. Wang has been the Chief Executive Officer of PX Capital USA Inc. The Board appointed Mr. Ming Yi (Martin) to succeed Mr. Yang as an independent member of the Board.

Most recently, Mr. Yi was the Chief Financial Officer of SSLJ.com Limited from 2018-2019.