Executive Directors

Mr. Liu Heqiang

Executive Director

Mr. Hu Zhiwei

Vice President

Ms. Yang Meiyu

Vice President,

Mr.Shi Janson Bing

Executive Director

Mr. Liu, aged 52, was appointed as an Executive Director and the Chief Executive Officer on 28 March
2014. Mr. Liu graduated from University of Science and Technology Beijing with a master’s degree
in industrial engineering. Mr. Liu has extensive experience in banking and investment industry.
From December 2009 to 1 April 2015, Mr. Liu was the general manager of the direct investment
division III of China Development Bank Capital Corporation Limited* (國開金融有限責任公司)
(“CDBC” or “CDB Capital”), where he was responsible for the investment in urban development
related areas. From 1992 to 2009, Mr. Liu had been working at, in a chronological order, in State
Raw Materials Investment Corporation (國家原材料投資公司), and Northeast Credit Department
(東北信貸局), Tianjian Branch, and the Market and Investment Business Bureau, of China
Development Bank Corporation (“CDB”). Mr. Liu is the president of the Company and is
responsible for the management of the overall operation of the Company and its subsidiaries (the
“Group”). Mr. Liu is also a director of several subsidiaries of the Company, such as China New Town
Holding Company Limited.

Mr. Hu, aged 50, was appointed as an Executive Director on 18 October 2021 and a vice president on 30
December 2021. Mr. Hu studied in the economic management department of Jiangnan University
from 1991 to 1994 and studied business administration at the School of Economics and
Management in Northwest University from 2003 to 2006 and obtained a master’s degree in
business administration in 2006. Mr. Hu joined Xitong International as the general manager from
October 2021. Xitong International is a substantial shareholder of the Company. Before joining
Xitong International, Mr. Hu served as the manager of the Investment Department and Asset
Management Department of Guolian Securities Co., Ltd. from July 1994 to September 2003; the
general manager and Chairman of Wuxi Guolian Equity Exchange Co., Ltd. (無錫市國聯產權交易
所有限公司) from September 2004 to February 2010; the Party Branch Secretary from February
2010 to June 2018; Chairman of Wuxi Equity Registration and Trusteeship Center Co., Ltd. (無錫市
股權登記託管中心有限公司) from September 2007 to June 2018; the secretary to the board of
Wuxi Guolian Development (Group) Co., Ltd. from August 2008 to December 2013; the chairman
of Wuxi Public Resources Trading Service Center Co., Ltd. (無錫市公共資源交易服務中心有限公
司) from January 2012 to June 2018; the general manager, the chairman and Party Branch
Secretary of Wuxi Financial Asset Trading Center Co., Ltd. (無錫金融資產交易中心有限公司) from
January 2014 to January 2021; and the chairman and the Party Branch Secretary of Wuxi Smart City
Construction and Development Co., Ltd. from January to October 2021. Mr. Hu has extensive
experience in investment management.

Ms. Yang, aged 39, was appointed as an Executive Director on 28 March 2014. Ms. Yang graduated from
Peking University with a master’s degree in finance. Ms. Yang joined CDBC in December 2009,
where she was responsible for urban development related investment and served as the manager,
senior manager and assistant to general manager of the Direct Investment Division III of CDBC,
respectively, and the vice general manager of the Management Department of a subsidiary from
April 2015 to August 2016. Prior to joining CDBC, Ms. Yang worked as an investment manager at
China Reits Investment, where she was involved in various fund raising and land development
projects. Ms. Yang is a vice president of the Company and is responsible for equity investment in
new economy industry. Ms. Yang is also the directors of several subsidiaries of the Company, such
as Weblink International Limited, Meeko Investment Limited and Protex Investment Limited.

Mr.Shi, aged 38, graduated from the University of Southern California and obtained a bachelor’s degree in
accounting in May 2007, joined the Group in December 2007 and was an Executive Director from
12 December 2007 to 28 March 2014. Mr. Shi was appointed as an Executive Director on 12
August 2016 and is responsible for strategic cooperation of the Group. He was an executive
director of SRE (stock code: 1207) from 17 July 2015 to 12 July 2018.

Non-executive Directors

Mr. Liu Yuhai

Chairman of the Board

Mr. Li Yao Min

Vice Chairman

Mr. Wang Jiangang

Non-executive Director

Mr. Wang Hongxu

Non-executive Directors

Mr. Liu, aged 57, was appointed as a Non-executive Director and the chairman of the Board (the
“Chairman”) on 18 October 2021. He successively obtained a bachelor’s degree and a master’s
degree in engineering machinery from Shanghai Jiaotong University in 1986 and in 1990. Mr. Liu
has been serving as a Secretary of the Party Committee and Chairman of the Board of Directors of
Wuxi Communications Industry Group Co., Ltd. (無錫市交通產業集團有限公司) (“Wuxi
Communications”), the holding company of Xitong International Holdings (HK) Limited (“Xitong
International”) since December 2015. Xitong International is a substantial shareholder of the
Company. Mr. Liu worked as an assistant engineer at Nanjing Hoisting Machinery Plant (南京起重
機械總廠) from July 1986 to September 1988; a staff member in the Port Research Office of Wuxi
Port Affairs Office from July 1990 to July 1993; a deputy manager of Wuxi Port Engineering
Company (無錫市港口工程公司) from July 1993 to May 1995; the deputy chief of the
Engineering Section, Wuxi Transportation Bureau from May 1995 to December 1995; deputy
general manager of Wuxi Top Absorber Company Limited (無錫拓普減震器有限公司) from
December 1995 to December 2001; a member of the Party Committee and Deputy General
Manager of Wuxi Transportation Asset Management Co., Ltd. from December 2001 to July 2003;
and a member of the Party Committee and deputy general manager of Wuxi Communications
from July 2003 to June 2005; a member of the Party Committee and general manager of Wuxi
Communications from June 2005 to March 2007. He also served as the director of Wuxi Hongqi
Boatyard Co., Ltd. from February 2004 to September 2006; the Party Secretary and Chairman of
Wuxi Industry Assets Management Co., Ltd. (無錫產業資產經營有限公司) from March 2007 to
March 2008; and the President and Deputy Secretary of the Party Committee of Wuxi Industry
Development Group Co., Ltd. from March 2008 to December 2015. Mr. Liu has extensive work
experience in industrial management and operation.

Mr. Li, aged 71, was appointed as a Non-executive Director on 11 January 2007 and has been the
Executive Vice Chairman of our Company since 1 April 2007. Mr. Li was previously appointed as
Co-Vice Chairman on 1 December 2008 and has subsequently been re-designated as Chief
Executive Officer and Co-Vice Chairman since 7 January 2010 and as Chief Executive Officer and
Co-Chairman on 1 July 2011. Mr. Li was re-designated as a Non-executive Director and the Vice
Chairman of the Board on 28 March 2014. From 1992 to 1993, he was attached to Shanghai
Golden World Commercial Building Co., Ltd. as a General Manager, responsible for the overall
management and development of commercial property. He has over 20 years of experience in
business management and the property development industry, including over 12 years’
experience in new town development in the PRC. Mr. Li is also a founder of SRE Group Limited
(“SRE”, stock code: 1207), and was reappointed as the co-chairman and executive director of SRE
on 29 August 2013, and resigned on 5 February 2015. Mr. Li will be responsible for the duties in
the absence of the chairman of the Board and the execution of the Group’s business strategies
and plans.

Mr. Wang, aged 40, was appointed as a Non-executive Director on 21 March 2019 and has more than 10
years of legal experience. He obtained a master’s degree in international law from the
International Law Department of Foreign Affairs College. Mr. Wang is currently a deputy general
manager of China Development Transformation and Upgrade Fund for Manufacturing Industry
(Limited Partnership). He joined CDBC in 2010 and successively held the positions of deputy
general manager of risk management department, general manager of investment management
department and head of risk and legal compliance department. Prior to joining CDBC, he had
worked at the bankruptcy reorganisation department and litigation and arbitration department of
Beijing Jindu Law Firm.

Mr. Wang, aged 49, was appointed as a Non-executive Director on 18 October 2021. Mr. Wang graduated in
international credit and investment major from the Department of Finance of Capital University of
Economics and Business in July 1995, and thereafter obtained a master’s degree in economics,
majoring in finance from the School of Finance of Renmin University of China in January 2014. He
is currently the general manager of the Investment Department II of CDB Capital. Mr. Wang joined
CDB in December 1998. CDB is the holding company of CDB Capital. Before joining CDB, Mr. Wang
served as a cadre of China Investment Bank from July 1995 to December 1998. From December
1998 to September 2009, he served successively as a cadre of the Fourth Division of the North
China Credit Bureau of CDB, a deputy officer and section-level member of the Debt Management
Division of the Asset Restructuring and Preservation Bureau, a section-level member of the
Comprehensive Division of the North China Credit Bureau, a section-level member of No. 3 Audit
Divisions of each of the No. 2 Audit Appraisal Bureau and No. 1 Audit Appraisal Bureau, deputy
director of the Industrial Integration and Innovation Division of the Investment Business Bureau, a
deputy director of the Industrial Integration and Innovation Division I of the Investment Business
Bureau, and a deputy director of the Investment Division II of the Market and Investment Bureau.
From December 2009 to December 2018, Mr. Wang successively served as a deputy director-level
cadre of the risk management department, a deputy general manager of the risk management
department, and a deputy general manager of Equity Division I of CDB Capital. He was responsible
from presiding over the work of the Equity Division I from July to November 2011, and was later
promoted to the general manager of the Equity Division I. From December 2018 to November
2020, Mr. Wang served as the general manager of the Equity Division II of CDB Capital. He has
been the general manager of the Investment Division II since November 2020. Mr. Wang has
extensive experience in investment management.

Independent Non-executive Directors

Mr. Henry Tan Song Kok

Chairman of the Audit Committee

Mr. Kong Siu Chee

Chairman of the Compensation Committee

 Mr. Lo Wai Hung

Chairman of the Nomination Committee

Mr. Zhanghao

Independent non-executive director

Mr. Henry, aged 57, was appointed to our Board on 25 September 2007. He is the Lead Independent Nonexecutive Director and the Chairman of the audit committee of the Board (the “Audit Committee”)
and a member of each of the nomination and remuneration committees of the Board (the
“Nomination Committee” and the “Remuneration Committee”, respectively). He is the Group Chief
Executive Officer of Nexia TS Public Accounting Corporation and Nexia TS Pte Ltd. He was the past
Asia Pacific Regional Chairman and board member of Nexia International. He holds directorship for
several companies. He is a director of BH Global Corporation Limited, Asia Vets Holdings Ltd,
Dyna-Mac Holdings Ltd, Penguin International Limited and Trans-China Automotive Holdings
Limited (these companies are listed on Singapore Stock Exchange). He is the Chairman of the
Nanyang Business School (NBS) Dean’s Alumni Advisory Board of NTU. Previously, he was a
director of Raffles Education Corporation Limited, Ascendas Fund Management (S) Limited
(Manager of Ascendas Real Estate Investment Trust), Yinda Infocomm Limited and YHI International
Limited. Mr. Tan graduated with a First Class Honours Degree in Accountancy from the National
University of Singapore. He is a Fellow of the Institute of Singapore Chartered Accountants,
Institute of Chartered Accountants of Australia and New Zealand, CPA Australia and Insolvency
Practitioners Association of Singapore Ltd and Singapore Institute of Directors and a member of
Institute of Internal Auditors, Inc (Singapore Chapter) and Singapore Institute of Accredited Tax
Professional Limited. Mr. Tan was Treasurer and exco member of Singapore Fintech Association
and is a current council member of Institute of Singapore Chartered Accountants.

Mr. Kong, aged 75, was appointed as an Independent Non-executive Director on 30 November 2006. He is
also the Chairman of the Remuneration Committee and a member of the Nomination Committee.
Mr. Kong obtained a bachelor’s degree in arts from the University of Hong Kong in November
1969 and a master degree in business administration from the Chinese University of Hong Kong in
December 1980. He is an associate of The Chartered Institute of Bankers in the United Kingdom.
Mr. Kong began his career in 1969 with Standard Chartered Bank, where he served in various
managerial positions for 24 years. In 1993, he pursued his new business interest in the
telecommunications sector and was a director of Champion Technology Holdings Limited from
1993 to 1994 and a director of Kantone U.K. Ltd. from 1994 to 1996. Between 1999 and 2005, he
served as a director, Executive Vice President and Alternate Chief Executive Officer of CITIC Ka Wah
Bank Limited (renamed as CITIC Bank International Limited in May 2010), and was also a director
and the Managing Director of CITIC International Financial Holdings Limited from 2002 to 2005
and was an independent non-executive director of Harbin Bank Co., Ltd. (stock code: 6138) from
October 2013 to October 2019. Mr. Kong has been appointed as an independent non-executive
director of Chinney Kin Wing Holdings Limited (stock code: 1556) since 20 October 2015.

Mr. Lo, aged 62, was appointed as an Independent Non-executive Director and the chairman and a
member of the Nomination Committee and a member of each of the Audit Committee and
Remuneration Committee on 30 December 2021. He obtained a bachelor’s degree in Commerce
from James Cook University of North Queensland, Australia in 1985. Mr. Lo is an associate member
of Chartered Accountants in Australia and New Zealand and a fellow member of Hong Kong
Institute of Certified Public Accountants. Mr. Lo has over 25 years of experience in auditing,
finance and management.
Mr. Lo is an independent non-executive director of Talent Property Group Limited (stock code:
760), Shandong Weigao Group Medical Polymer Company Limited (stock code: 1066), C Cheng
Holdings Limited (stock code: 1486), Tibet Water Resources Ltd. (stock code: 1115), and is a nonexecutive
director of SY Holdings Group Limited (formerly known as Sheng Ye Capital Limited)
(stock code: 6069) since 10 December 2021. Mr. Lo was an independent non-executive director of
Lerthai Group Limited (formerly known as LT Commercial Real Estate Limited) (stock code: 112)
during March 2017 to November 2018. All the aforementioned companies are listed on the Main
Board of the Stock Exchange. Mr. Lo was also an independent director of China Merchant Property
Development Co. Ltd.* since 2011 and the shares of which were ceased from listing on the
Shenzhen Stock Exchange on 30 December 2015.

Mr. Zhang, aged 62, was appointed as an Independent Non-executive Director and a member of the Audit
Committee on 13 February 2012. Mr. Zhang is currently the vice director and part-time professor
of the Yangtze River Basin Development Institute of the East China Normal University. He
graduated from the Department of Economics of the Nanjing University in August 1990 and then
obtained a master degree in business administration from the Shanghai Jiao Tong University in
March 2005. Mr. Zhang had previously served in various departments of the provincial
government of the People’s Republic of China for over 29 years. From August 1981 to August
1996, he worked first as the senior staff member in the Planning Commission of Chongming
County and then as the superintendent of the Seawall Project Management of Chongming
County. From August 1996 to December 2010, Mr. Zhang held various positions including as a
senior staff member of the Cooperation Office of the Shanghai Municipal Government and a cadre
of the department of district and county economy of the Shanghai Municipal Development
Planning Commission.

Senior Management

Mr. Wang Yi

Chief Financial Officer

Mr. Wang, aged 48, was appointed as the chief financial officer on 30 December 2021. He graduated from
Lanzhou Jiaotong University with a bachelor’s degree in 1995. He obtained a master’s degree in
investment economics from School of Economics and Management at Northwestern University*
(西北大學) in 2000 and a doctor’s degree in national economics from Graduate School of Chinese
Academy of Social Sciences in 2007, respectively. Mr. Wang is the representative of A-share
sponsor. He has over 15 years of experience in law and finance of listed companies.
From 2017 to 2019, Mr. Wang served as the standing vice president of Yanchuang Capital Group
which mainly engages in business including venture capital fund, property fund and securities
investment fund. In his term of office, Mr. Wang was mainly responsible for the establishment and
launch of private equity investment fund, investment in new energy, bio-medicine, advanced
manufacturing and other fields, as well as the whole-process management of investment business.
From 2002 to 2017, Mr. Wang worked in Guolian Securities and its subsidiary Hua Ying Securities,
and served as a senior project manager of Guolian Securities, deputy general manager of the
investment banking department at Guolian Securities, and the managing director of the
investment banking department at Hua Ying Securities, participating in several IPO projects, refinancing
projects and merger and acquisition projects. Mr. Wang served as a project manager of
the investment banking department at Beijing Securities from 2000 to 2002, and worked in Gansu
Province Electric Power Investment Group Co., Ltd. from 1995 to 1997.