Mr. Ding Xiang Yang (丁向陽), master, Chairman of the Board , Executive Director and Administrative President of the Company, has more than 14 years of experience in corporate and strategic management of real estate enterprises in the PRC. He is primarily responsible for the Company’s overall strategic planning and development. Mr. Ding is currently a member of the Chinese People’s Political Consultative Conference for Fengxian District, Shanghai.

Mr. Xia Jing Hua (夏景華), master, Executive Director, vice president and CFO of the Company, is responsible for developing the financial strategies and the overall financial and asset management of our Group. Mr. Xia has abundant experience in financial management in the property industry.

Mr. Yan Zhi Rong (嚴志榮) ， is an executive Director of our Company and head of project budgeting. Mr. Yan is also a director of a number of our subsidiaries, namely Shanghai Yijing, Shanghai Xintai, Wuxi Wangjiarui, Liaoning Yangguang Xindi, Tianjin Yangguang Xindi, Harbin Yangguang, Shanghai Qiwei and Tianjin Tianxingjian. With more than 10 years of experience in managing the construction and budgets of property projects, Mr. Yan is primarily responsible for supervision of the development and construction of projects, and management of project budgets of our Company. Mr. Yan joined our Group on 8 December 1996 as the manager of our project budgeting department. Prior to joining our Group, Mr. Yan served as the deputy general manager of the property development subsidiary company of Shanghai Materials Bureau (上海市物資局) from 1989 to 1996. Mr. Yan received a graduate diploma in Industrial and Civil Architecture from the Suzhou Industrial College in 1981 and is a qualified engineer in the PRC.

Mr. Cheng Li Xiong (程立雄)，bachelor, our Group's Non-Executive Director. Mr.Cheng has more than 22 years of experience in the planning, development, construction and management of land and property. He is also a qualified property valuer in the PRC.
Mr. Liu Tao(刘涛教授先生) , professor, independent non-executive director of the Group, is currently a deputy professor and EMBA and EDP professor of School of Accounting of College of Economy and Management of Shanghai Jiao Tong University. He has obtained numerous awards in teaching, and he was former financial consultant and independent director for many large and medium-scale enterprises.

Mr. Wo Rui Fang (沃瑞芳) ，is an independent non-executive Director of our Company. From 1965 to 1993, Mr. Wo worked at the Design Management Bureau of the PRC (now under the Ministry of Housing and Urban-Rural Construction of the PRC), and was head of its information technology division from 1988 to 1993, responsible for the development of new construction design technology and standards. From 1993 to 1997, Mr. Wo served as the vice mayor of Nantong City, Jiangsu Province, PRC and was in charge of the administration of the overall city planning and railway construction. Mr. Wo then re-joined the Design Management Bureau as a senior engineer in 1997. From 1998 to 2001, he was the deputy chairman of the Practice Qualification Management Center of the Ministry of Construction. Mr. Wo has accumulated 30 years of experience in supervising the design and construction of various government property development projects and assessing the designtechniques and standards of commercial and residential property evelopment in the PRC. Mr. Wo retired from public service in 2001. He joined our Group on 17 June 2008, resigned on 16 March 2009 and rejoined our Group in 2009. He graduated from Jilin University with a bachelor's degree in construction in 1964.

Mr. Han Ping (韓平), is an independent non-executive Director of our Company. From September 1990 to October 1996, Mr. Han worked for the Jiangsu Province Supply and Marketing Co-operative (江蘇省供銷合作社) and was responsible for the management of its construction and capital investment. In November 1996, Mr. Han became the chief economist of Jiangsu Huaxia Construction Project Management Co., Ltd. (江蘇省華厦工程項目管理有限公司), a company engaged in the provision of construction supervision, project management and construction costs auditing services to property developers and government entities. Since June 2001, Mr. Han has served as the deputy general manager of Jiangsu Huaxia Construction Project Management Co., Ltd. He had been a project manager and auditor of engineering costs for a large number of project developments involving the construction of various kinds of properties, such as hotels, villas and other residential properties, government buildings, logistic centres and warehouses. In 2002, Mr. Han was selected as an industry expert for the assessment of tenders for property construction and urban infrastructure projects by the Office of the Tendering and Bidding of Construction Projects of Jiangsu Province (江蘇省建設工程招標投標辦公室). Over a period of six years, Mr. Han had participated in the assessment of tenders for over 20 construction projects in Jiangsu Province and Beijing. Mr. Han has accumulated more than 18 years of experience in the management and supervision of property construction projects in the PRC. Mr. Han joined our Group on 17 June 2008, resigned on 16 March 2009 and rejoined our Group in 2009. He graduated with a bachelor's degree in construction engineering and economic management from the Southeast University in 1990. He obtained a master's degree in construction and civil engineering from the Southeast University in 2005. Mr. Han is currently a member of the Hong Kong Institute of Surveyors and is a registered cost engineer, registered supervisory engineer and registered construction professional in the PRC. He holds a Level C certification from the International Project Managers Association (IPMA) and is a certified project management professional.

﹏﹏﹏﹏﹏﹏﹏﹏﹏﹏﹏﹏ The secretary of the Board ﹏﹏﹏﹏﹏﹏﹏﹏﹏﹏﹏
Ms.Zheng Jiaheng