The board of directors of Binhai Investment Company Limited has passed resolutions to approve the appointments of Mr. Wang Long as a Deputy General Manager of the company and the secretary to the Board; and a Deputy General Manager and the secretary to the board of directors of Binhai Investment (Tianjin) Company Limited, the principal PRC subsidiary of the company that holds its PRC operating subsidiaries. Mr. Wang Long was a Post-graduate in Finance at the Nankai University of the PRC, and has the qualification of an Intermediate Economist of the PRC. He worked for Heng An Standard Life Insurance Company Limited Tianjin Branch from January 2014 to October 2015 and took the post of Head of Bank Distribution. Mr. Wang had acted as the chief financial officer and subsequently the chairman of the board of directors of (Beijing Sihuan Airport Pharmaceutical Technology Co. Ltd.) during the period from October 2015 to September 2017, and was a deputy manager of the asset management department of (Tianjin TEDA Investment Holding Co. Ltd.) from August 2016 to January 2019. He has work experience in the fields of asset management and financing.