Changyin Wuba

Hunan Changyin Wuba Consumer Finance Co., Ltd. officially commenced operations on January 24, 2017. It is the first licensed consumer finance company in Hunan approved by the China Banking and Insurance Regulatory Commission, jointly initiated and established by Bank of Changsha Co., Ltd., Beijing City Net Neighbor Information Technology Co., Ltd., and Changsha Tongcheng Holdings Co., Ltd., with its headquarters located in Changsha, Hunan. The company adopts an "Internet + technology-driven" development strategy, operates under the business philosophy of "technology finance, inclusive finance, credit life," and is committed to becoming a consumer finance brand enterprise that is "loved by the people, distinctive in features, and steady in long-term growth." The company has a registered capital of 900 million yuan, and its business scope includes: issuing personal consumer loans and other businesses approved by regulatory authorities. In the next three years, the company aims to integrate offline product promotion into major commercial circulation sectors in Hunan, develop online business in cooperation with most mainstream consumption scenarios, and acquire customers through external traffic, building Changyin Wuba into a consumer finance company based in Hunan and reaching across the country.