Mr. Shaoyong (Simon) Cheng joined X Financial in 2015 and has served as the Company’s Director since December 2017. Mr. Cheng served as the Company’s President starting from October 2017 to May 2021. Prior to serving as President, Mr. Cheng served as the Company’s Chief Risk Officer from 2015 to 2017. Prior to that, Mr. Cheng served as deputy General Manager in charge of retail lending management at Bank of Communications, senior credit risk manager at HSBC North America and HSBC Asia Pacific. Mr. Cheng also served as head of CEO office and head of business banking at Hang Seng Bank China Limited, and manager at Capital One. Mr. Cheng received a bachelor’s degree and a master’s degree in engineering and a bachelor’s degree in economics from Tsinghua University, a master’s degree in industrial engineering and an MBA degree from University of Southern California.