Li, who currently serves as the company’s President and a member of the Board of Directors, is no stranger to the position. He previously held the Chief Risk Officer title from November 2017 to November 2023. His deep familiarity with the firm began in 2015 when he joined as a department head managing unsecured loan risk, a role he held for two years before ascending to executive leadership in 2021.

While Li assumes these additional responsibilities, he will maintain his existing duties as President and Director. The company confirmed that Jiang’s exit is amicable, noting that his decision did not stem from any friction regarding X Financial's internal policies or procedures.