Mr. Jiang Hongchang
Mr. Jiang holds a bachelor’s degree in civil engineering from Shandong University of Technology in the People’s Republic of China and is qualified as a senior engineer. Mr. Jiang is currently a Party Committee member, deputy general manager and chief engineer of Qingdao Haifa State-owned Capital Investment and Operation Group Company Limited, the ultimate controlling shareholder of the Company, and is also serving as either chairman or director of Qingdao Xifa Properties Limited* (青島西發置業有限公司), Qingdao Haifa Asset Management Co., Ltd.* (青島海發資產管理有限公司) and Qingdao Haifa Healthcare Group Co., Ltd.* (青島海發康養醫療集團有限公司),all of which are subsidiaries of Qingdao Haifa State-owned Capital Investment and Operation Group Company Limited* (青島海發國有資本投資運營集團有限公司). Mr. Jiang has over 22 years of experience in professional construction engineering management, serving governmental bureau, state-owned and commercial enterprises.

Mr. Liu Yutao
Mr. Liu holds a bachelor’s degree in computer and application from China University of Petroleum in the People’s Republic of China and is qualified as a senior engineer. Mr. Liu is currently the vice chairman and general manager of Qingdao Dongjie Construction Group Co., Ltd.* (青島東捷建設集團有限公司) and a director of Qingdao Honghai Curtain Wall Co., Ltd.* (青島宏海幕牆有限公司), both of which are subsidiaries of the Company, and is also serving as the vice chairman of Qingdao Haifa Asset Management Co., Ltd.* (青島海發資產管理有限公司), a subsidiary of Qingdao Haifa State-owned Capital Investment and Operation Group Co., Ltd.* (青島海發國有資本投資運營集團有限公司), the ultimate controlling shareholder of the Company. Mr. Liu has over 26 years of experience in professional construction engineering management, serving governmental bureau, state-owned and commercial enterprises.

Mr. Yang Honghai
Mr. Yang holds a bachelor’s degree in mechanical and electronic engineering from Tianjin University (天津大學) in the People’s Republic of China (the “PRC”) and a master of business administration degree (part-time) from the Guanghua School of Management of Peking University (北京大学光华管理学院) in the PRC and is qualified to act as a board secretary under the Shenzhen Stock Exchange in the PRC. Mr. Yang has over 22 years of experience in strategy development, shareholdings investment and capital operations.

Mr. Ni Chuchen
Mr. Ni holds a master’s degree in fine arts from Peking University and a bachelor’s degree in economics from Qingdao University in the People’s Republic of China. Mr. Ni has over 16 years of experience in business management, real estate development, corporate governance and cross-cultural communication, serving governmental bureau, state-owned and commercial enterprises.

Mr. Du Jianzhi
Mr. Du graduated in civil engineering from the Shandong University of Science and Technology* (山東科技大學) in the PRC and is qualified as a registered cost engineer since 2008 and a grade-one constructor since 2010. Mr. Du has over 17 years of experience in risk control, project costing and general construction project management serving both state-owned and commercial enterprises.