China New Town Development Company Limited Announces Executive Changes
bureau of China Development Bank. From July 2005 to March 2007, he also worked at the client office of Shanxi Branch of China Development Bank. Mr. Feng was (i) a director of Guangzhou Kingmed Diagnostics Group Co. Ltd. from 13 June 2018 to 27 October 2020; (ii) a director of Hillstone Network Communications Technology Co. Ltd. from 23 December 2018 to 23 December 2021, a non-executive director of New Century Healthcare Holding Co. Limited from 21 November 2018 to 31 December 2020. Mr. Hu Zhiwei, aged 51, was appointed as an ED on 18 October 2021 and a Vice President on 30 December 2021, and he is currently the general manager of Hainan Xincheng Kaiyuan Investment Co., Ltd, a wholly-owned subsidiary of the Company and
the executive director of China New Town Holding Co. Ltd. and the director of various
subsidiaries of the Company. Mr. Hu studied in the economic management department
of Jiangnan University from 1991 to 1994 and studied business administration at the School of Economics and Management in Northwest University from 2003 to 2006 and obtained a master's degree in business administration in 2006. Mr. Hu joined Xitong International Holdings (HK) Limited (``Xitong International'') as the general manager from October 2021. Xitong International is a substantial shareholder of the Company.
Before joining Xitong International, Mr. Hu served as the manager of the Investment Department and Asset Management Department of Guolian Securities Co. Ltd. from July 1994 to September 2003; the general manager and chairman of Wuxi Guolian Equity Exchange Co. Ltd. from September 2004 to February 2010; the Party Branch Secretary from February 2010 to June 2018; chairman of Wuxi Equity Registration and Trusteeship Center Co. Ltd. from September 2007 to June 2018; the secretary to the board of Wuxi Guolian Development (Group) Co. Ltd. from August 2008 to December 2013; the chairman of Wuxi Public Resources Trading Service Center Co. Ltd. from January 2012 to June 2018; the general manager, the chairman and the Party Branch Secretary of Wuxi Financial Asset Trading Center Co. Ltd. from January 2014 to January 2021; and the chairman and the Party Branch Secretary of Wuxi Smart City Construction and Development Co. Ltd. from January to October 2021. Mr. Hu has extensive experience in investment management and held the title of senior economist.