Mr. Li Peiyu, aged 57, is currently the managing director of CASIC Investment Fund Management (Beijing) Limited Company (航太科工投資基金管理(北京)有限公司). Mr. Li obtained a bachelor’s degree of engineering in Power System and Automation from Tsinghua University, a master’s degree of engineering in Management Engineering from the Department of Economics, School of Economics and Management, Tsinghua University, and PhD of management in Management Science and Engineering from School of Economics and Management, Tsinghua University in July 1984, July 1987 and January 2004, respectively, and obtained a Master of Public Administration (MPA) from Harvard University in June 1998. Mr. Li has worked in the areas of economics, finance and management for more than 30 years. From July 1987 to September 2000, he successively served as associate researcher, researcher, deputy director and director of the Information Center of the Development Research Center of the State Council. From September 2000 to December 2007, Mr. Li successively served as the deputy director of Henan Provincial Development Planning Committee and the mayor of Hebi City in Henan Province. From December 2007 to January 2019, Mr. Li successively served as director of alternative investment department of China Investment Corporation, inspector of the research office of the State Council, chairman of China Reinsurance (Group) Corporation, and managing director of Beijing Zhongyu Green Investment Management Co., Ltd. Since February 2019, Mr. Li has served as the managing director of CASIC Investment Fund Management (Beijing) Limited Company.