TransUnion Hong Kong Appoints Sunny Cheung as Independent Non-Executive Director of TUCIS

Hong Kong, January 12, 2022 – TransUnion (NYSE:TRU), a leading global information and insights company, today announced the appointment of Sunny Cheung as Independent Non-Executive Director of TransUnion Credit Information Services Limited (TUCIS), a wholly-owned subsidiary of TransUnion Hong Kong. The appointment is effective January 10, 2022.

Mr Cheung is a veteran of retail banking and payments industry with over 40 years of experience in the field. He currently serves as Independent Non-Executive Director of Shanghai Commercial Bank and is the Chairman of its Digital Transformation Committee. He was Chief Executive Officer of Octopus Holdings Limited from January 2011 to March 2014 and from January 2015 to September 2020. Under his leadership, Octopus became an integral part of Hong Kong’s development in digital payments and the transition to a cashless society. Mr Cheung has also held senior positions at Visa International Hong Kong and Macau, DBS Bank and Citibank Hong Kong previously.

Marie Claire Lim Moore, CEO of TransUnion Hong Kong, said, “Sunny’s appointment is welcomed at a turning point in the development of the FinTech industry and credit markets in Hong Kong. With his extensive experience in the financial industry and as a pioneer of digital payments in Hong Kong, Sunny’s presence will help TransUnion to drive further innovation and continue to advance easy and seamless access to credit for millions of people in Hong Kong.”

Mr Cheung said, “It is a pleasure and honor to join the Board of TUCIS. For the past four decades, TransUnion Hong Kong has enabled trust between financial institutions and consumers and played a key role in the development of the credit and lending market in Hong Kong. I am privileged to have the opportunity to advise the company on how best to leverage its expertise, deep roots in Hong Kong, and its unique technological capabilities to contribute to the development and advancement of the financial industry in Hong Kong and the wider Greater Bay Area.”

As Hong Kong’s first credit bureau and a pioneer in the local FinTech industry, TransUnion has been at the forefront of new solutions and market developments in Hong Kong for more than 40 years. TransUnion’s mission is to help people around the world access the opportunities that lead to a higher quality of life. It helps businesses and consumers transact with confidence so they can achieve great things – this is Information for Good.