Dr. Zhang Guowang, aged 61, was appointed as an independent non-executive Director in November 2014. Dr. Zhang is also the chairman of the remuneration committee, a member of the audit committee and nomination committee of the Company. Dr. Zhang graduated from Jilin University of Technology with a bachelor’s degree in engineering, majoring in management engineering in 1982. He obtained a master’s degree in technical economics from Tianjin University in 1995, and a doctorate degree in management from Nankai University in 2006. He was the first dean of Business School in Tianjin University of Commerce from 2001 until 2010. He was awarded various prizes from the Municipal Technology Performance Awards by Tianjin Municipal People’s Government. Dr. Zhang is a member of the Chinese Institute of Certified Public Accountants and a professor. He is a member of the Academic Committee from Tianjin University of Commerce and is currently teaching business administration in the Business School of Tianjin University of Commerce. Dr. Zhang is also an executive council member of the Tianjin Society of Technical Economics and Statistical Evaluation Research Branch Association of Chinese Association for Applied Statistics, he is a chairman of the Association of Institute of Economic and Management of Local Colleges in China. Dr. Zhang specializes in research of innovative management methods and economic appraisal. Dr. Zhang has solid experience in administration and management for over 20 years.