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Dafy Holdings(01826)Airborne "trump card" CFO

Date: 2018-08-15

Over the past two days, the whole Hong Kong stock market has been thunderous, but Dafy Holdings (01826) rose more than 10% in the early morning of August 15. Is it not the earnings season, or will Dafy bring surprises to investors?

Zhitong Finance and Economics APP learned that the financial surprise is not known for the moment, but according to the latest announcement, Dafei dropped a senior financial officer (CFO).

'If your company has a better CFO, it will be able to save you at key points, or help you break new ground.' Capital markets have always judged the importance of CFO in this way.

So, will the co-pilot of Dafei Holdings be able to bring enough surprise to the future development of Dafei Holdings? Dafei Holdings (01826) Airborne 'trump card' CFO

According to the announcement, Liu Xinbang has more than 20 years of professional experience in accounting. He was previously the chief financial officer of China Golden Code (08281), a listed company on the GEM of the Hong Kong Stock Exchange. He made a great contribution to the successful listing of China Golden Code on the Stock Exchange of Hong Kong in July 2016, when China Golden Code raised HK$110 million.

Liu Xinbang's CFO can not be separated from the accumulation and precipitation of over seven years'work in Deloitte. From 1997 to 2004, Liu Xinbang worked in Deloitte Hong Kong and Deloitte Beijing successively. During this period, he managed a series of financial audits of large listed companies in Hong Kong and the United States on domestic projects. From his work experience, it can be seen that Liu Xinbang's financial auditing work in Hong Kong and the Mainland. He has accumulated solid professional knowledge and rich experience in large and medium-sized listed projects in Hong Kong and international capital markets.

Since 2006, Liu Xinbang has been the chief financial officer and chief financial officer of listed companies for more than 10 years.

From July 2013 to June 2015, he served as Chief Financial Officer of SGOC in Nasdaq listed companies.

From March 2009 to June 2013, he served as financial director of Kaiyuan Automobile (AUTCF. OB). Kaiyuan Automobile changed board to Nasdaq in 2009.

From March 2006 to March 2009, he served as Chief Financial Officer and Executive Director of Haike Chemical (HAIK.L). Haike Chemical completed its AIM market listing in February 2007 and raised $20 million.

In addition, until now, Liu Xinbang is an independent director of Future FinTech Group Inc. (formerly known as SkyPeople Fruit Juice Inc.) (Nasdaq Listed: FTFT) and has served as an independent non-executive director and chairman of the Compensation Committee of Yingsheng Science (009) since October 2017.

How much imaginative space can financial officers with such rich experience bring to Dafei's future performance development?

As a leading platform of consumer finance, financial technology has become the main innovation of Dafei Group. In the recent second 'National Financial Science and Technology Summit Forum 2018', Dafei won many awards by virtue of intensive cultivation in the Internet financial industry over the years. Dafei Technology Holdings, Dafeiyun Loan and Dollar Harbour won the awards of 'Excellent Enterprise Award', 'Excellent Brand Award' and 'Innovation Case Award' respectively.

Despite a number of awards, combined with recent changes in the mutual fund industry, it can be seen that this is the time for risk clearance and industry shuffling.

In such an important shuffling period, the 'trump card' financial officer coming from the airborne can imagine that, in terms of internal management, it can provide policy decision-making for the risk management and risk control of the company, and further help the company to finance, optimize the enterprise's finance in the capital market, and maximize the balance of risks and benefits.

Zhitong Finance and Economics APP understands that Dafei recently announced that Shanghai Feiyu, affiliated to Dafei, intends to acquire 51% of the shares of Shangrao Dafei Financial Information Services Company from its controlling shareholders.

Although Dafei Holdings diversified layout of financial technology and car rental are promising industries, but this year, 'asset shortage' has come again, pushing the industry's demand for high-quality assets to an unprecedented height.

In addition, after the gradual exit of small loan companies with regulatory policies, banks are also beginning to sink their retail business, which puts forward higher requirements for the operation and management of consumer finance. Therefore, an excellent financial officer will effectively help enterprises control operating costs, wind control costs, so that their comprehensive costs and the comprehensive costs of banks are close to each other.


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