The board of directors (the "Board") of VCREDIT Holdings Limited announced the following changes in the directors of the Company ("Directors") with effect from 9 October 2019: the resignation of Mr. Chen Derek ("Mr. Chen") as a non-executive Director; and the appointment of Ms. Shen Jing ("Ms. Shen") as a non-executive Director. Ms. Shen, aged 33, is the Operating Director, China Operating Head of TPG Capital Asia since February 2018. Prior to joining TPG Capital Asia, Ms. Shen worked at Alvarez & Marsal Asia Ltd, as a Senior Director.