Gome Finance Technology : Appointment of Executive Director and Independent Non-executive Director

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國美金融科技有限公司

(Incorporated in Bermuda with limited liability)

The board of directors (the "Board") of Gome Finance Technology Co., Ltd. (the "Company") is pleased to announce that with effect from 26 August 2017, Mr. Wan Jianhua ("Mr. Wan") and Mr. Liu Xiaopeng ("Mr. Liu") were appointed as independent non-executive Director and executive Director of the Company, respectively.

Mr. Wan, aged 61, is currently a director of All In Pay Network Services Co. Ltd., the chairman of the Association of Shanghai Internet Finance Industry, and an independent director of Bank of Shanghai Co., Ltd. (listed on the Shanghai Stock Exchange), China Resources Bank of Zhuhai Co., Ltd. and Great Wall Fund Management Company Limited. Mr. Wan formerly served as senior management of various well-known enterprises and organizations including director of treasury management and office of macro-economic analysis of The People's Bank of China, vice president of China Merchants Bank and president of its Shanghai branch, president of China UnionPay Co., Ltd., president of Shanghai International Group and chairman of Guotai Junan Securities Co. Ltd.. Mr. Wan has extensive working and management experience in banking, securities, payment and corporate management.

Mr. Wan obtained a bachelor degree in the Department of Economics of the Xiamen University, a master degree in Economics from The People's Bank of China Institute of Finance (now known as Tsinghua University PBC School of Finance) and a doctoral degree in Economics from The Australian National University.

It is currently proposed that Mr. Wan will enter into a letter of appointment and his initial term of appointment will be 1 year commencing from 26 August 2017 until the next annual general meeting of the Company. Mr. Wan's appointment is subject to retirement by rotation at least once every three years and re-election at the annual

general meeting of the Company in accordance with the Bye-Laws of the Company, subject to which the appointment will be terminated by either party serving no less than one-month's written notice. Under the letter of appointment, Mr. Wan will receive a remuneration of HK$320,000 per annum and such other fringe benefits as the Board shall in its discretion deemed appropriate.

The remuneration of Mr. Wan has been reviewed by the Remuneration Committee of the Company and was determined by the Board with reference to the prevailing market conditions, and the qualifications, experience, duties and responsibilities of Mr. Wan with the Company. The remuneration of Mr. Wan is subject to review by the Board from time to time pursuant to the power conferred on it in the annual general meeting of the Company

Mr. Wan does not hold any other position in the Company or its subsidiaries and save as mentional above, Mr. Wan did not hold any other directorship in any other public companies in Hong Kong or overseas in the last three years. Mr. Wan does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company or its subsidiaries (as defined by the Listing Rules). There is no other information that needs to be disclosed pursuant to any of requirement as set out in Rules 13.51(2) of the Listing Rules and there are no other matters that need to be brought to the attention of the shareholders of the Company in connection with the appointment of Mr. Wan.

As at the date of this announcement, Mr. Wan does not have any interests in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Mr. Liu, aged 42, joined the Company in 2017 and was appointed as the Chief Executive Officer of the Company starting from 7 April 2017. Before joining the Company, Mr. Liu served such organizations as State Grid Corporation of China, Yingda International Holdings Co., Ltd., China Power Finance Co., Ltd. and the Global Energy Interconnection Development and Cooperation Organization. Mr. Liu has in-depth understanding on operations of finance business, and has extensive experience in operation management, capital operation and investment management of the relevant business. Mr. Liu graduated from Tianjin University with a bachelor's degree in engineering and received a doctoral degree in economics from Nankai University. Mr. Liu is a qualified senior economist in China.

It is currently proposed that Mr. Liu will enter into a director service contract with the Company and his initial term of appointment will be 1 year commencing from 26 August 2017 until the next annual general meeting of the Company. Mr. Liu's appointment is subject to retirement by rotation at least once every three years and re-election at the annual general meeting of the Company in accordance with the Bye-Laws of the Company, subject to which the appointment will be terminated by either party serving

no less than one-month's written notice. Pursuant to the service contract, Mr. Liu will receive a remuneration of HK$800,000 per annum which was determined by the Board with reference to his duties and responsibilities with the Company. Mr. Liu has also entered into an employment contract with Gome Xinda Commercial Factoring Limited ("Gome Xinda"), a wholly-owned subsidiary of the Company. Pursuant to the employment contract, Mr. Liu is entitled to (i) an annual emolument of RMB360,000, which will be subject to review by the Board from time to time with reference to his duties, experience and responsibilities; and (ii) a discretionary bonus the computation of which is based on his performance and the profitability of Gome Xinda.

Save as mentioned above, Mr. Liu does not hold any position in the Company or its subsidiaries and Mr. Liu did not hold any other directorship in any other public companies in Hong Kong or overseas in the last three years. Mr. Liu does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company or its subsidiaries (as defined by the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules")). There is no other information that needs to be disclosed pursuant to any of requirement as set out in Rules 13.51(2) of the Listing Rules and there are no other matters that need to be brought to the attention of the shareholders of the Company in connection with the appointment of Mr. Liu.

As at the date of this announcement, Mr. Liu does not have any interests in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Board wishes to welcome Mr. Wan and Mr. Liu to join the Board.

By Order of the Board

Executive Director

Hong Kong, 25 August 2017

As at the date of this announcement, the Company's executive directors are Mr. Ding Donghua, Mr. Chung Tat Fun and Mr. Zhang Jun; the non-executive director is Ms. Wei Qiuli; and the independent non-executive directors are Mr. Zhang Liqing, Mr. Li Liangwen and Mr. Hung Ka Hai Clement.