Mr Xu, aged 47, was appointed as an executive Director on 21 November 2017. He has more than 10 years of corporate executive management and investment experience. From June 2005 to June 2012, Mr Xu was a venture partner of New Enterprise Associates (Beijing), Ltd., one of the group companies of New Enterprise Associates, Inc. which is a venture capital firm. He was primarily involved in designing and executing investment strategies in the retail and healthcare industries. Mr Xu also served as a director of AirMedia Group Inc., a NASDAQ Stock Market-listed company and a leading operator of out-of- home advertising platforms in the PRC, which operates digital TV screens in 37 airports and digital frames in 32 airports and providing advertisements on airline routes, as well as operating traditional media platforms such as billboards, lightboxes and LED screens, from September 2013 to December 2016. Mr Xu founded Bison Capital Holding Company Limited, which is an investment holding company specialised in investments in the media and financial industries, and has been an executive director since December 2013. In May 2010, Mr Xu was nominated as a chief committee member of the Expert Committee of the APEC E-Commerce Business Alliance.

Mr. SUN, aged 53, was appointed as an executive director and the chief executive officer of the Company on 24 December 2018 and as the chairman of the Company on 1 September 2023. Mr. SUN is also (i) an executive director and responsible officer of Target Capital Management Limited (“TCM”), a wholly-owned subsidiary of the Company and a licensed corporation under the Securities and Futures Ordinance (“SFO”) to carry out type 1 (dealing in securities), type 4 (advising on securities) and type 9 (asset management) regulated activities; (ii) a non-executive director of Bison Corporate Finance Limited, a wholly-owned subsidiary of the Company and a licensed corporation to carry out type 6 (advising on corporate finance) regulated activities under the SFO; and (iii) a director of a wholly-owned subsidiary of the Company.

Prior to joining TCM, Mr. SUN had worked at Huatai Financial Holdings (Hong Kong) Limited as an executive director in corporate coverage from March 2014 to September 2015 and BOCI Securities Limited as a director from March 2011 to February 2014. With experience for over 19 years in the financial industry, he has extensive experience in various aspects such as corporate finance, fixed income and bond issuing. Prior to stepping into the financial industry, Mr. SUN had been working on environmental engineering, overseas corporate financing, futures and project budgeting. Mr. SUN obtained a bachelor of engineering from China University of Mining and Technology in July 1990.

Mr Zhu, aged 45, was appointed as an executive director and the chief financial officer of the Company on 13 December 2017. He has more than 23 years of experience in accounting, corporate finance and advisory services. Mr Zhu was previously the chairman and executive director of AVIC Joy Holdings (HK) Limited (a company listed on the Stock Exchange with stock code: 260) from December 2015 to November 2017 and an executive director of Peace Map Holding Limited (a company listed on the Stock Exchange with stock code: 402) from December 2012 to October 2017. He previously acted as the deputy chief financial officer of AVIC International Holding (HK) Limited (a company listed on the Stock Exchange with stock code: 232) from January 2011 to January 2016, he acted as the deputy chief accountant of AVIC International (HK) Group Limited. Mr Zhu obtained a master’s degree in accounting from Capital University of Economics and Business of the PRC in August 1998 and a bachelor degree in accounting from Xiamen University, the PRC in July 1994, and is a senior accountant.

Dr Qi, aged 54, was appointed as an independent non-executive Director on 21 November 2017. He is the chairman of the audit committee of the Company and a member of the Company’s remuneration committee and nomination committee. He is a professor of accounting and former associate dean of Cheung Kong Graduate School of Business (“CKGSB”) in Beijing, the PRC. He began teaching in CKGSB in 2002 and was the founding director of the executive master of business association programme. His primary research interests are in financial accounting and reporting as well as profit manipulation by management of listed companies.

Dr Qi received his degree of doctor of philosophy in business administration from Michigan State University in 1996, master of business administration degree from the University of Hawaii at Manoa in 1992 and bachelor of science and arts degrees from Fudan University, the PRC in 1985 and 1987 respectively.

Dr Qi is currently an independent director of Sohu.com Inc. (a company listed on NASDAQ (Symbol: SOHU)) since 2005 and Momo Inc. (a company listed on NASDAQ (Symbol: MOMO)) since 2014, an independent non-executive director of Honghua Group Limited (a company listed on the Stock Exchange with stock code: 196) since January 2008, SinoMedia Holding Limited (a company listed on the Stock Exchange with stock code: 623) since May 2008, Jutal Offshore Oil Services Limited (a company listed on the Stock Exchange with stock code: 3303) since July 2015 and Yunfeng Financial Group Limited (a company listed on the Stock Exchange with stock code: 376) since February 2016. Dr Qi was previously an independent non-executive director of Dalian Wanda Commercial Properties Co., Ltd. (a company which was delisted from the Stock Exchange in September 2016 with stock code: 3699) from January 2016 to September 2016 and an independent director of Bona Film Group Limited (a company which was delisted from NASDAQ in April 2016 (Symbol: BONA)) from December 2010 to April 2016 and iKang Healthcare Group, Inc. (a company which was privatised in January 2019 and will be delisted from NASDAQ (Symbol: KANG)) since 2014 to 2019.

Mr Chen, aged 48, was appointed as an independent non-executive Director on 21 November 2017. He is the chairman of the nomination committee of the Company and a member of the Company’s audit committee and remuneration committee. He is currently a partner in PacGate Law Group, a law firm in the PRC. Mr Chen obtained a bachelor degree in biochemistry in the Peking University, the PRC in 1992, and he obtained a degree of jurisdoctor in the University of Iowa, the United States of America in 1998.

Mr Chen is currently an independent director of Ambow Education Holding Ltd. (a company whose shares are traded in the over the counter markets of the United States of America (Symbol: AMBOY)) since March 2013. He was previously an independent director, a director and president of Link Motion Inc. (a company listed on New York Stock Exchange (American depositary shares) (Symbol: LKM)).

Mr Feng, aged 48, was appointed as an independent non-executive Director on 21 November 2017. He is the chairman of the remuneration committee of the Company and a member of the Company’s audit committee and nomination committee. He was previously a director of AirMedia Group Inc. from May 2011 to December 2016, and served as chief operating officer with respect to certain affiliated entities of AirMedia Group Inc. from October 2005 to December 2016. Mr Feng received an executive master of business association degree from Peking University, the PRC in 2009.