The Board of Directors is responsible for reporting its work to the general meeting, monitoring the development of the overall operational strategy of the Company, deciding on the operational plans and investment proposals of the Company, as well as providing supervision over and guidance to the management team of the Company.

The management is responsible for the day-to-day operation and management and be accountable to the Board of Directors.

Mr.Li Zixue has been appointed Chairman of the Company, while Mr.Xu Ziyang has been appointed President.