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Leadership change at X Financial (NYSE: XYF) as CRO resigns

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

X Financial is making a leadership change in its risk management team. Chief Risk Officer Yufan Jiang has resigned effective July 1, 2026 for personal reasons, and the company states his departure is not due to any disagreement with its operations, policies, or procedures.

On the same date, Kan Li will become Acting Chief Risk Officer while continuing as President and Director. Li has been President since May 2021, a Director since December 2021, and previously served as the company’s Chief Risk Officer from 2017 to 2023, providing continuity in oversight of loan risk and broader risk controls.

Positive

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CRO resignation effective date July 1, 2026 Effective date of Yufan Jiang’s resignation as Chief Risk Officer
Acting CRO start date July 1, 2026 Date Kan Li becomes Acting Chief Risk Officer
President tenure start May 2021 Kan Li has served as President of the company since May 2021
Director tenure start December 2021 Kan Li has served as Director of the company since December 2021
Prior CRO service November 2017 to November 2023 Period when Kan Li previously served as Chief Risk Officer
Initial joining year 2015 Year Kan Li joined X Financial, overseeing unsecured loan risk
Chief Risk Officer financial
"resigned from his position as the Chief Risk Officer of the Company"
The chief risk officer is the senior executive responsible for identifying, measuring and reducing the major threats that could hurt a company’s finances or reputation, acting like a navigator who watches for storms and steers the business away from them. Investors care because effective risk oversight lowers the chance of surprise losses, legal fines or operational failures, which helps protect shareholder value and makes a company more predictable and trustworthy.
Acting Chief Risk Officer financial
"Effective July 1, 2026, Mr. Kan Li will be appointed as Acting Chief Risk Officer"
fintech platform financial
"X Financial (NYSE: XYF) ... a leading Chinese fintech platform"
A fintech platform is a digital service that uses software to deliver financial products—like payments, lending, investing, or banking—more quickly and cheaply than traditional methods. Think of it as an online toolbox or marketplace that connects customers, data and financial services; investors watch these platforms for customer growth, transaction volume, recurring revenue and regulatory risk because those factors drive profitability and future value.
forward-looking statements regulatory
"This announcement contains forward-looking statements within the meaning of Section 21E"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
safe harbor regulatory
"These forward-looking statements are made under the "safe harbor" provisions"
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.
marketplace lending financial
"the expected growth of the credit industry, and marketplace lending in particular, in China"
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Form 6-K: How Foreign Companies Report to the SEC →

 

 

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission file number: 001-38652

 

 

 

X Financial

 

 

 (Exact name of registrant as specified in its charter)

 

7-8F, Block A, Aerospace Science and Technology Plaza

No. 168, Haide Third Avenue, Nanshan District

Shenzhen, 518067, the People’s Republic of China

+86-755-86282977

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit   Description
99.1   X Financial Announces Leadership Change

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  X Financial
   
Date: June 17, 2026 By: /s/ Yue (Justin) Tang
    Yue (Justin) Tang
    Chairman and Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

X Financial Announces Leadership Change

 

SHENZHEN, China, June 17, 2026 /PRNewswire/ -- X Financial (NYSE: XYF) (“X Financial” or the “Company” or “we”), a leading Chinese fintech platform, today announced that Mr. Yufan Jiang resigned from his position as the Chief Risk Officer of the Company, effective from July 1, 2026, due to personal reasons. Mr. Yufan Jiang’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures. We express our gratitude for his dedicated contributions during his tenure with the Company. We also extend our sincere best wishes to Mr. Yufan Jiang for his future career and personal life.

 

Effective July 1, 2026, Mr. Kan Li will be appointed as Acting Chief Risk Officer of the Company. Mr. Kan Li has served as the President and Director of the Company and will continue to hold these positions.

 

Mr. Kan Li has served as the President of the Company since May 2021, Director since December 2021 and our Chief Risk Officer from November 2017 to November 2023. Mr. Li joined our company in 2015, initially serving as a Department Head overseeing unsecured loan risk from 2015 to 2017.

 

About X Financial

 

X Financial (NYSE: XYF) (the "Company") is a leading Chinese fintech platform. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and originate loans to prime borrowers under a risk assessment and control system.

 

For more information, please visit http://ir.xiaoyinggroup.com.

 

Disclaimer

 

Safe Harbor Statement

 

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: the Company's goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace's products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

 

X Financial

 

Mr. Fuya Zheng
Mr. Noah Kauffman
E-mail: ir@xiaoying.com

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What leadership change did X Financial (XYF) announce on this 6-K?

X Financial announced that Chief Risk Officer Yufan Jiang will resign effective July 1, 2026. Kan Li, currently President and Director, will assume the role of Acting Chief Risk Officer while retaining his existing positions.

Why is X Financial’s Chief Risk Officer Yufan Jiang resigning?

The company states that Yufan Jiang is resigning as Chief Risk Officer due to personal reasons. It specifically notes that his resignation is not the result of any disagreement with X Financial’s operations, policies, or procedures.

Who is Kan Li and what roles will he hold at X Financial (XYF)?

Kan Li will serve as Acting Chief Risk Officer effective July 1, 2026 while continuing as President and Director. He has been President since May 2021, Director since December 2021, and previously served as the company’s Chief Risk Officer from 2017 to 2023.

What business does X Financial (XYF) operate in?

X Financial is described as a leading Chinese fintech platform that connects borrowers with institutional funding partners. Using big data-driven technology and strategic partnerships with financial institutions, it facilitates and originates loans to prime borrowers under its risk assessment and control system.

What forward-looking statement disclaimer does X Financial include?

The company includes a safe harbor statement noting this announcement may contain forward-looking statements subject to risks and uncertainties. It references factors like goals, strategies, industry growth, competition, and regulation, and points readers to its SEC filings for further risk information.

Filing Exhibits & Attachments

1 document

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