58.com Inc. announced two key management appointments. Mr. Hao Zhou has been appointed President of International Business. In this newly created key management position, Mr. Zhou will be responsible for the Company's expansion into markets outside of Mainland China.

He will oversee strategic market research and planning, talent acquisition, team development, market penetration, and he will also continue to manage investor relations for 58.com. Concurrent with this appointment, Mr. Zhou will step down from his position as Chief Financial Officer. Mr. Wei Ye, current Deputy Chief Financial Officer of the Company, has been promoted to Chief Financial Officer.

Mr. Zhou has served as Chief Financial Officer since May 2011. Prior to joining 58.com, Mr. Zhou was Chief Financial Officer in CITIC Pharmaceutical Co. Ltd. since September 2010.

Mr. Wei Ye has served as Deputy Chief Financial Officer since July 2018. Mr. Ye joined 58.com in October 2015 as Senior Vice President of Finance. Prior to joining 58.com, Mr. Ye was a financial controller at Alcoa's (now Arconic) North America extrusion operations in Lafayette and Halethorpe from May 2012 to October 2015.