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China Rapid Finance Limited (XRF) Announces Change of its NYSE Ticker Symbol to "SOS"

July 10, 2020 8:33 AM EDT

China Rapid Finance Limited (NYSE: XRF) (the "Company") today announced that the Company's ticker symbol on the New York Stock Exchange will change from "XRF" to "SOS," effective at the start of trading on July 20, 2020.

Mr. Yandai Wang, CEO of the Company, said, "We are excited to be able to align our NYSE ticker symbol with the 'SOS' brand in recognition of our ongoing transition out of the fin-tech business and into the emergency rescue services business. This change will provide for better alignment between the core business operations of the company and its stock symbol which we believe will lead to better investor understanding. It also makes it clearer what the business focus and its primary source of earnings will be going forward."

There is also a proposed change in the Company's name from "China Rapid Finance Limited" to "SOS Limited," which is pending approval at the Company's annual general meeting of shareholders to be held on July 17, 2020. If approved at the meeting, the effective date of the name change shall also be July 20, 2020. In conjunction with the name change, the Company's CUSIP will change from "16953Q204" to "83587W106."

Holders of existing American Depositary Receipts ("ADRs") would be required to surrender their existing ADRs in exchange for new ADRs that reflect the new corporate name and CUSIP and should contact the Company's depositary bank, Citibank, N.A.



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