OneConnect Financial Technology Co., Ltd. announced that due to family reasons, with effect from August 17, 2022, Dr. Wangchun Ye, an executive Director and chairman of the Board, has ceased to be the Chairman; and Mr. Chongfeng Shen, an executive Director and chief executive officer of the Company, has been appointed as the Chairman. Dr. Wangchun Ye has more than 40 years of experience in finance, working at Ping An Bank, Huaxia Bank, Industrial Commercial Bank of China and People's Bank of China successively. Dr. Ye joined the Company in December 2015 as one of core leaders of the founding members of the Company.

As the Chairman and chief executive officer, Dr. Ye led the Company to incubate model, develop products and expand market and helped the Company establish a unique business model of “technology + business”, allowing the Company to become a leading business technology service provider in financial services sector in China. Under the leadership of Dr. Ye, the Company completed the its Series A financing in the third year after its establishment, embracing the first stage of rapid development and was listed on New York Stock Exchange in the fourth year. Dr. Ye enabled the Company to make continuous breakthroughs and innovation, and Company implemented strategic upgrade in the sixth year which allowed to enter into second stage of customer deepening, and achieved dual primary listing on the Main Board of Hong Kong Stock Exchange in the seventh year.