Mr. ZHANG Youjun

Secretary to the Communist Party Committee of the Company, an executive Director and Chairman of the Company. Mr. ZHANG joined the Company at the time of the establishment of the Company in 1995, and was appointed as an executive Director and Chairman of the Company on 19 January 2016. Mr. ZHANG also serves as assistant to the general manager of each of CITIC Group, CITIC Limited and CITIC Corporation Limited, the vice-chairman of CITIC Financial Holdings, and the chairman of China AMC. Mr. ZHANG had worked as a general manager of the trading department of the Company, an assistant manager and a deputy general manager of the Company since 1995, and was appointed as a Director of the Company from September 1999 to June 2012. Mr. ZHANG previously worked as the general manager of Changsheng Fund Management Co., Ltd. from 1998 to 2001, worked as the general manager of the Company from May 2002 to October 2005 and successively served as the general manager and the chairman of CSC from 2005 to 2011, a director of the board office of CITIC Group from December 2011 to December 2015 and a director of Zhongzheng International Company Limited from April to December 2020. Mr. ZHANG successively served as the chairman of CSI and CLSA (i.e. CLSA B.V. and its subsidiaries), and a director of each of CLSA Limited and Sailing Capital Management Co., Ltd. from January 2016 to September 2023. He served as the chairman of Goldstone Investment from February 2016 to August 2023, and the chairman of CITIC Securities Investment from April 2019 to August 2023. Mr. ZHANG obtained a Bachelor’s degree in economics (majoring in money and banking) in 1987 from Renmin University of China and a Master’s degree in economics (majoring in money and banking) in 1990 from Central University of Finance and Economics.

Mr. YANG Minghui

Deputy secretary to the Communist Party Committee of the Company, an executive Director, the President and Executive Member of the Company. Mr. YANG joined the Company at the time of the establishment of the Company in 1995 and was appointed as a Director of the Company on 19 January 2016. Mr. YANG served as a Director, an assistant manager and a deputy general manager of the Company; a director and executive vice-president of CITIC Holdings and a director of CITIC Trust from May 2002 to August 2005; the chairman of CITIC-Prudential Fund Management Co., Ltd. from July 2005 to January 2007; and an executive director and the president of China Jianyin Investment Securities Company Limited from August 2005 to October 2011. He served as the chairman of China AMC from October 2013 to September 2023. Mr. YANG was granted the title of senior economist by China International Trust and Investment Corporation, the predecessor of CITIC Group, in October 1996. Mr. YANG obtained a Bachelor’s degree in engineering (majoring in mechanical manufacturing technology and equipment) from the Department of Mechanical Engineering of East China Institute of Textile Science and Technology in 1982 and obtained a Master’s degree in engineering (majoring in textile machinery) from the Department of Mechanical Engineering of East China Institute of Textile Science and Technology in 1985.

Mr. ZHANG Lin

Non-executive director of the Company. Mr. ZHANG was appointed as a non-executive Director of the Company on 30 December 2022. Mr. Zhang is currently a non-executive director of CITIC Group, CITIC Limited and CITIC Corporation Limited and a director of CITIC Financial Holdings. Mr. ZHANG successively served in the Ministry of Finance as the senior staff member at China Enterprise Division of Finance Department of Gansu Province, the senior staff member, principal staff member, deputy director of the Executive Office of Gansu Supervision & Inspection Office, a member of the leading Party members group and the assistant inspector of Gansu Supervision & Inspection Office, a member of the leading Party members group, the deputy inspector and leader of Discipline Inspection and Supervision Group of Ningxia Supervision & Inspection Office, the secretary of the leading Party members group and chief inspector of Shaanxi Supervision & Inspection Office, the secretary of the leading Party members group and director of Shaanxi Supervision Bureau from 1987 to 2021. Mr. ZHANG graduated from Lanzhou University with a bachelor degree in Business Administration in 2002.

Ms. FU Linfang

Non-executive Director of the Company. Ms. FU was appointed as a non-executive Director of the Company on 13 April 2022. Ms. FU is currently the deputy general manager of the Strategic Development Department of CITIC Group, a director of CITICS Industrial Investment Group Corp., Ltd. and a director of CITIC Finance Company Limited. Ms. FU successively served as deputy head, project manager, senior project manager and director of Business Division II of the Integrated Planning Department of CITIC Corporation (中信公司) (later renamed as the Strategy and Planning Department and Strategic Development Department of CITIC Group) and division head of the Secretariat of the Strategic Investment Committee from 2000 to 2017. From 2017 to 2020, she was the assistant to the general manager of the Strategic Development Department and concurrently the head of the Secretariat of the Strategic Investment Committee of CITIC Group. Ms. FU obtained a bachelor degree in economics from Tianjin University of Commerce in 1997, majoring in real estate business management, a master degree in management from Nankai University in 2000, majoring in business management, and a master degree in business administration (MBA) from the University of Bath in the United Kingdom in 2006.

Mr. ZHAO Xianxin

Non-executive Director of the Company. Mr. ZHAO was appointed as a non-executive Director of the Company on 13 April 2022. Mr. Zhao also serves as General Manager of Risk Compliance Department of CITIC International Financial Holdings. Mr. Zhao served as a clerk of ICBC Fujian Branch from 1995 to 1997 and successively served as Deputy Director and Director of Asset and Liability Management Department of Bank of China Head Office from 2000 to 2007. From 2007 to 2018, he successively served as the General Manager of the Risk Policy Management Department and the Director of the Basel Agreement Office of Shanghai Pudong Development Bank. From 2018 to 2021, he successively served as the Deputy Director General of the Second Department of Monetary Policy of the People’s Bank of China and Deputy Director General of the Macro-Prudential Authority. From 2021 to 2022, he served as Deputy General Manager of Legal Compliance Department of CITIC Group. Mr. ZHAO obtained a Bachelor of Science degree in Urban Planning from Nanjing University in 1992, a master’s degree in Regional economics from Renmin University of China in 1995, and a Doctor’s degree in Western Economics from Peking University in 2000.

Mr. WANG Shuhui

Non-executive Director of the Company. Mr. WANG was appointed as a non-executive Director of the Company on 23 June 2020. Mr. WANG currently serves as the chairman of each of Yuexiu Capital, Guangzhou Yuexiu Capital, Yuexiu Industrial Investment and Yuexiu Industrial Investment Fund. Mr. WANG successively served as the business manager of the securities issuance consultancy department, the deputy manager of the research and development department, secretary to the board of directors and vice president of Guangzhou Securities Co., Ltd. from 1994 to 2006; successively served as the office general manager and general manager of the development department of Guangzhou Yue Xiu Holdings Limited (廣州越秀集團股份有限公司) from 2006 to 2010; and successively served as an assistant to general manager, director and deputy general manager of Guangzhou Yue Xiu Holdings Limited and Yuexiu Enterprises (Holdings) Limited (越秀企業(集團)有限公司) from 2010 to 2016. Mr. WANG obtained a Bachelor’s degree in economics from Southwestern University of Finance and Economics in 1993 and a Master’s degree in economics from Jinan University in 2000.

Mr.Li Qing

Independent non-executive Director of the Company. Mr. LI was appointed as an independent non-executive Director of the Company on 29 June 2021. Mr. LI has served as a Chair Professor and the Department Head of the Department of Computing of the Hong Kong Polytechnic University since December 2018. Mr. LI successively served as an assistant professor, associate professor and full professor of the City University of Hong Kong from 1998 to 2018. From 2013 to 2018, Mr. LI served as the Founding Director of the Multimedia-software Engineering Research Center (MERC) of the City University of Hong Kong. From 2003 to 2005, Mr. LI set up and served as manager of the Mobile Information Management Division at the CityU R&D Center in Zhuhai. From 2005 to 2012, Mr. LI established and served as the general manager and the chairman of Zhuhai Faster Software Technology Ltd. Mr. LI obtained a Bachelor’s degree from Hunan University in 1982, and obtained a Master’s degree in computer science and a Doctor’s degree in computer science from the University of Southern California in the United States of America in 1985 and 1988, respectively.

Mr. SHI Qingchun

Independent non-executive Director of the Company. Mr. SHI was appointed as an independent non-executive Director of the Company on 13 April 2022. Mr. SHI joined the School of Management of Lanzhou University in April 2012 and has served as an associate professor of the School of Management of Lanzhou University since May 2016. Mr. SHI graduated from Lanzhou University of Finance and Economics in 2002, majoring in Accounting, obtained a master degree in Management from Lanzhou University in 2006, majoring in Business Management, and a doctoral degree in Management from Xi’an Jiaotong University in 2011, majoring in Business Administration (Accounting).

Mr. ZHANG Jianhua

Independent non-executive Director of the Company. Mr. ZHANG was appointed as an independent non-executive Director of the Company on 30 December 2022. Mr. Zhang is an expert who enjoys the government special allowance of the State Council, currently serves as the researcher, adjunct professor and doctoral supervisor of the Tsinghua University PBC School of Finance and the director of Research Center for Financial Development and Regtech of the Institute for Fintech Research, Tsinghua University, as well as the editor-in-chief of the Tsinghua Financial Review. From 1989 to 2015, Mr. ZHANG successively served as the senior staff member and principal staff member of the Trust Company Management Division of the Financial Management Department of the People’s Bank of China, principal staff member, deputy director and director of the Financial Lease Company Supervision Division of the Non-bank Financial Institutions Supervision Department, director of the Supervision Division III of the Non-bank Financial Institutions Supervision Department, director of the Fiscal and Taxation Research Division of the Research Bureau, deputy director-general of the Financial Stability Bureau, director-general of the Research Bureau, secretary to the Communist Party Committee and president of the Hangzhou Central Sub-branch and concurrently director-general of the State Administration of Foreign Exchange Zhejiang Branch; he served as the deputy secretary to the Communist Party Committee, director and president of Beijing Rural Commercial Bank Co., Ltd. from 2015 to 2016, and served as deputy secretary to the Communist Party Committee, director and president of Hua Xia Bank Co., Limited from January 2017 to February 2022. Mr. ZHANG obtained a bachelor degree in engineering from the Department of Management Information Systems of Tsinghua University in 1987, graduated as a major in monetary banking from the Graduate School of the Financial Research Institute of the People’s Bank of China in 1989, and graduated as major in technical economy and management from Tsinghua University and obtained a doctoral degree in management in 2003.

Mr. ZHANG Changyi

Deputy secretary to the Communist Party Committee of the Company, chairman of the Supervisory Committee and chairman of the labor union of the Company. Mr. ZHANG joined the Company in 2018 and was appointed as chairman of the Supervisory Committee on 23 June 2020. Mr. ZHANG successively served as an officer, staff and associate principal staff of the education department of the Ministry of Construction from August 1989 to November 1995, and successively served as principal staff and assistant consultant of the general office of the Ministry of Construction from November 1995 to June 1997, the second secretary (deputy-division-head level), deputy division head, the first secretary and deputy division head (division-head level) of the second secretary bureau of the General Office of the State Council from June 1997 to April 2001 and secretary of division-head level, secretary of deputy bureau level, secretary of bureau-head level in the General Office of the State Council from April 2001 to August 2018. Mr. ZHANG also serves as the chairman of GoldStone Zexin. Mr. ZHANG obtained a Bachelor’s degree in engineering (majoring in industrial and civil architecture) from the Architectural Engineering Department of Northwest Institute of Construction Engineering in 1989 and obtained a Master’s degree in engineering (majoring in management engineering) from Harbin University of Civil Engineering and Architecture in 1999.

Mr. GUO Zhao

Supervisor of the Company. Mr. GUO was appointed as a Supervisor of the Company on 26 September 1999. Mr. GUO previously worked as the deputy chief accountant of Nanjing International Container Handling Co., Ltd. from 1988 to 1992; as the secretary to the board of directors of Nanjing Xingang High-Tech Co., Ltd. from 1992 to 2002; as director of Nanjing Xingang High-Tech Co., Ltd. from January 2001 to January 2013; as vice president of Nanjing Gaoke Co., Ltd. from June 2003 to December 2016; and as director and general manager of Nanjing Chengong Pharmaceuticals Co., Ltd. from January 2001 to January 2017. Mr. GUO obtained the accountant certificate in September 1993, which was granted by the Committee for Assessment of Academic Qualifications of the PRC Ministry of Transport. Mr. GUO obtained a college diploma in water transport finance and accounting in 1988 from Wuhan River Transportation College.

Mr. RAO Geping

Supervisor of the Company. Mr. RAO was appointed as a Supervisor of the Company on 19 January 2016 and formally took office on 23 March 2016. Mr. RAO is also a professor of Peking University Law School, honorary chairman of the Academy of Hong Kong and Macao Studies in Peking University and concurrently, the deputy chairman of Chinese Judicial Studies Association (中華司法研究會). Mr. RAO previously served as a member of 12th CPPCC National Committee, a member of the Hong Kong Special Administrative Region Basic Law Committee of the Standing Committee of the NPC, Executive Vice President of the Chinese Society of International Law, Vice President of the National Hong Kong and Macao Research Association, an independent supervisor of TravelSky Technology Limited, an independent non-executive Director of the Company and an independent non-executive director of Yangguang Xinye Real Estate Co., Ltd. Mr. RAO obtained Master’s degree in law in 1982 from Peking University and was a visiting scholar at the University of Washington, New York University, and Max Planck Institute of International Law.

Ms. NIU Xuekun

Employee representative Supervisor and the chief officer of the Planning and Finance Department of the Company. Ms. NIU joined the Company in 2000 and previously worked as the accountant of Shenzhen Property Management Co., Ltd., and senior manager, vice president and senior vice president of the Planning and Finance Department of the Company. Ms. NIU concurrently serves as a supervisor of each of CITIC Securities Investment, GoldStone Zexin and GZS Lingxiu Investment Company Limited. Ms. NIU obtained a Bachelor’s degree in economics and a Master’s degree in management from Dongbei University of Finance & Economics in 1996 and 1999, respectively. Ms. NIU was qualified as a Chinese CPA and a senior accountant in 2002 and 2015, respectively.

Mr. YANG Liqiang

Employee representative Supervisor and head of Digital Development Center under the Wealth Management Committee and executive director of the Company. Mr. YANG joined the Company in 2009 and previously served as the senior engineer of Shenzhen Kingdom Sci-Tech Co., Ltd., the vice president, senior vice president, director of the Information and Technology Center of the Company. Mr. YANG obtained a bachelor’s degree in engineering from Sichuan University in 2001.

Mr. YANG Minghui (please refer to the executive director for resume above)

Mr.SHI Benliang

A member of the Communist Party Committee, Chief Financial Officer, Executive Member and director of the Wealth Management Committee of the Company. Mr. SHI joined the Company in 2000, and had served as director of the asset management business accountant, joint person and administrative person in charge of the Planning and Finance Department. He currently serves as the chairman of CITIC Private Equity Funds Management, director of each of CSI, CLSA B.V., CLSA Limited, CITIC Securities Brokerage (HK) Limited, China AMC, CITIC Securities (Shandong) Co., Ltd., CITIC Securities South China Co., Ltd., an executive director, general manager and legal representative of Jintong Securities Co., Ltd.. He currently serves as the deputy director of the Securities Brokerage and Wealth Management Committee of the Securities Association of China, the vice chairman of the Banking Accounting Society of China, and a member of the Brokerage Business Professional Committee of Shenzhen Securities Association. Mr. SHI obtained a Bachelor’s degree in finance from Shanghai University of Finance and Economics in 1997 and a Master’s degree in finance from Nankai University in 2000.

Mr. ZHANG Hao

A member of the Communist Party Committee, Executive Member of the Company. Mr. ZHANG joined the Company in 1997 and previously served as teaching assistant of Shanghai Institute of Urban Construction, head of the B-share Business Department of Shanghai Trust Investment Corporation of China Construction Bank as well as deputy general manager of the Shanghai B-share Business Department, general manager of the Shanghai Fuxing Middle Road Securities Outlet, general manager of the Shanghai Huaihai Middle Road Securities Outlet, deputy general manager of the Shanghai management headquarters, general manager of Shanghai Branch, chief marketing officer of the Company and chairman of CITIC Futures. Mr. ZHANG concurrently serves as vice president of China Futures Association and a member of Shanghai Futures Exchange and Dalian Commodity Exchange. Mr. ZHANG was awarded the title of “Skilled Young Worker of SOEs” in 2001. Mr. ZHANG obtained dual Bachelor’s degrees in industrial management engineering and engineering mechanics from Shanghai Jiao Tong University in 1991 and an MBA degree from Shanghai Jiao Tong University in 2001.

Mr. WANG Junfeng

The Board Secretary, the deputy secretary of the disciplinary inspection committee, the director of the Party Work Department and the chief executive of the General Manager’s Office of the Company. Mr. WANG concurrently serves as a member of the third session of the China Association for Listed Companies and vice Chairman of the Talent Development Committee of the Securities Association of China. Mr. WANG joined the Company in 1999 and previously served as an officer of the headquarter of the People’s Bank of China, deputy general manager of the Brokerage Management Department of the Company, and business coordination supervisor of the General Manager’s Office. Mr. WANG obtained a Bachelor’s degree in economics in finance from Zhengzhou University in 1990 and a Master’s degree in economics from Graduate School of the People’s Bank of China (中國人民銀行總行金融研究所) (currently known as the PBC School of Finance, Tsinghua University) in 1997.

Mr. LI Jiong

sThe treasurer of the Company, secretary to the Communist Party Committee of CITIC Futures and the chief executive of the Treasury Department of the Company. Mr. LI joined the Company in 1996 and previously worked as the manager of International Cooperation Office of the Information Center of China International Trust and Investment Corporation Company (the predecessor of CITIC Group), manager of the Development Department of CITIC International Cooperation Company, manager of the Bonds Department and deputy general manager of the Capital Operation Department (later renamed as the Treasury Department) as well as the chief executive of the Prime Service Business Line and the Chief Financial Officer of the Company and director of CSI. Mr. LI concurrently serves as the director of each of CITIC Global Leasing, CLSA Premium Limited and CITIC Securities International USA, LLC. Mr. LI obtained a Bachelor’s degree in international finance from the University of International Business and Economics in 1992 and an MBA degree from Tsinghua University in 2000.

Mr. ZHANG Guoming

The Chief Compliance Officer, Chief Risk Officer, deputy secretary of the disciplinary inspection committee, chief executive of the Legal Department of the Company. Before joining the Company in 2010, Mr. ZHANG worked as deputy chief judge, chief judge and a member of the Judge Committee of the Higher People’s Court of Henan Province, the judge of the Supreme People’s Court, the chief executive of Compliance Department, Risk Management Department and Special Asset Management Department of the Company. Mr. ZHANG also serves as a supervisor of each of CITIC Futures and CITIC Securities South China, the chief compliance officer of Kington Securities and Chief Risk Officer. Mr. ZHANG obtained his Master’s degree in law and Doctor’s degree in law from the Renmin University of China in 1994 and 2008, respectively.

Mr. FANG Xing

The chief information officer, and the head of administration of information and technology center of the Company. Mr. FANG joined the Company in 2000 and successively worked as the project leader, director, executive general manager of the information and technology center of the Company, the deputy general manager and general manager of CITIC Futures. Mr. FANG concurrently serves as the chief information officer of CITIC Securities South China, the chief information officer of CITIC Securities Asset Management Co., Ltd., the director of E-Capital Transfer, and the executive director and legal representative of CITIC Securities Information and Quantitative Service (Shenzhen) Co., Ltd. Mr. FANG obtained a bachelor’s degree in radio technology from Shanghai Jiao Tong University in 1990 and a master’s degree in electromagnetic field and microwave technology from Shanghai Jiao Tong University in 1993.

Mr. MA Yao

An Executive Member, the head of the Investment Banking Management Committee of the Company. Mr. MA joined the Company in 1998 and previously served as the deputy general manager of the Risk Control Department, deputy general manager of the Bond Distribution and Trading Department, deputy general manager of the Trading Department, chief executive of the Capital Market Department, head of the Financial Industry Group and member of the Investment Banking Management Committee of the Company. Mr. MA also serves as a director of CLSA Limited and CITIC Securities (Hong Kong) Limited. Mr. MA obtained a Bachelor’s degree in automatic control from Xi’an Jiaotong University in 1994, a Master’s degree in monetary banking and a Doctor’s degree in international finance from the Graduate School of the People’s Bank of China in 1998 and 2012, respectively.

Mr. SUN Yi

A member of the Senior Management, joint head of the Investment Banking Management Committee, head of the financial and technical industry group, as well as head of the M&A business line. Mr. SUN joined the Company in 1998. He once served as the deputy general manager of the Investment Banking Department of the Company (in charge of business in Shenzhen), managing director of CSI, and head of the Operations Department, head of ECM team and head of the transport industry team under the Investment Banking Management Committee of the Company, as well as the deputy general manager of China AMC and concurrently served as the general manager of China AMC Capital Management Limited. Mr. SUN also serves as a director of CITIC Securities (Hong Kong) Limited. Mr. SUN obtained a Bachelor’s degree in economics in July 1993 from Jiangxi University of Finance and Economics and a Master’s degree in economics in June 1996 from Xiamen University.

Mr. YE Xinjiang

A member of the Senior Management of the Company. Mr. YE joined the Company in 2005. He was formerly the head of the medical and health industry group, head of the regional IBS group, head of the New OTC Market Business Department, member of the Investment Banking Management Committee, head of the quality control group and head of the M&A business line of the Company. Mr. YE obtained a Bachelor’s degree in agricultural economics in July 1985 and a Master’s degree in management in July 1990 from Zhejiang University (formerly Zhejiang Agricultural University).

Mr. XUE Jirui

Executive Member, and head of the Equity Investment Department of the Company. Mr. XUE joined the Company in 2000 and previously served as a manager of the financial products development group, researcher of the Research Department, head of the product development group of the trading and derivatives business line of the Company, the head of the Equity Derivatives Business Line, and the head of the Prime Service Business Line. Mr. XUE obtained a Bachelor’s degree, a Master’s degree and a Doctor’s degree in statistics from Renmin University of China in 1997, 2000 and 2006, respectively.

Mr. YANG Bing

Executive Member of the Company, secretary to the Communist Party Committee and chairman of CITIC Securities Asset Management Co., Ltd. Mr. YANG previously worked as a teacher of Shaoguan University from 1993 to 1996 and joined the Company in 1999. He once served in the Company as an assistant trader of the Trading Department, trader of the Fixed Income Department as well as investment manager and investment supervisor of the asset management business, the chief executive of the asset management business of the Company, as well as director of China AMC. Mr. YANG obtained a Bachelor’s degree in fine chemicals from Nanchang University in 1993 and a Master’s degree in national economics from Nanjing University in 1999.

Mr. LI Yongjin

Executive Member of the Company. Mr. LI joined the Company in 1998 and previously worked as a staff of the International Business Department of Dalian Branch of Agricultural Bank of China, department manager of Dalian Securities Outlet of Shenyin Wanguo Securities, assistant to general manager, deputy general manager and general manager of Dalian Securities Outlet of the Company, senior vice president and director of the Brokerage Management Department of the Company, and general manager of the Zhejiang Branch Office of CITIC Securities and its predecessor, CITIC Securities (Zhejiang) Co., Ltd, a director of China AMC and director of the Wealth Management Committee of the Company. Mr. LI also serves as a director of each of CITIC Securities Brokerage (HK), CITIC Securities Futures (HK) Limited, CITIC Securities (Shandong) and CITIC Securities South China, as well as an executive director and general manager of Kington Securities. Mr. LI obtained a Bachelor’s degree in economics and a Master’s degree in finance from Dongbei University of Finance and Economics in 1992 and 2000, respectively.

Mr. LI Chunbo

Executive Member of the Company, and chairman of CSI Group and CITIC CLSA Group. Mr. LI also serves as a director of China AMC, a member of Development Strategy Committee of the Securities Association of China and a member of the International Development Committee of Shanghai Stock Exchange. Mr. LI joined the Company in 2001 and previously worked as an analyst of the Research Consulting Department (later renamed as the Research Department), chief analyst of the Research Department, as well as the chief executive of the Research Department and the Equity Sales & Trading Department. Mr. LI obtained a Bachelor’s degree in vehicle engineering and a Master’s degree in management science and engineering from Tsinghua University in 1998 and 2001, respectively.

Mr. GAO Yuxiang

Member of the Senior Management of the Company, responsible for equity investment business. Mr. GAO joined the Company in 2004 and had served as the deputy head of the real estate and construction materials industry team, the transport industry team and the infrastructure and real estate industry team under the Investment Banking Management Committee of the Company, member of Investment Banking Management Committee and the head of the infrastructure and real estate industry team, deputy head of the Investment Banking Management Committee and head of the infrastructure and modern service industry group. Mr. GAO served as an executive director of Xinjiang Equity Exchange Center Co., Ltd. from March 2019 to March 2021, a director of Zhongzheng International Company Limited from December 2020 to December 2021 and a director of Bona Film Group Limited since May 2023. Mr. GAO obtained a College degree in financial accounting from Qingdao Radio and Television University in July 1990 and a Bachelor’s degree in national economic management from Peking University in July 1995. Mr. GAO obtained a Doctor’s degree in industrial economics from Beijing Jiaotong University in July 2004. Mr. GAO obtained the qualification of technical specialty of senior economist in September 2006.