China Innovationpay Group Limited established the strategic advisory committee on 19 June 2015. The main duties of the strategic advisory committee are: to conduct research on the trends of the state economic and finance policies, analyze the development trends of payment service industry and internet finance, determine the latest development of industry legislation and regulatory policy, and introduce the advanced experiences of the internet finance development overseas, so as to provide basis of determination for the development strategies of the Company. List of members of the strategic advisory committee: Mr. Wan Jianhua, Mr. Xia Bin, Mr. Ma Ning, and Dr. Lei Chunxiong (Secretary). Mr. Wan has over 30 years of experience in the China financial industry, he had been the division head of the headquarter of People's Bank of China, the Vice President and the Senior Executive Vice President of China Merchants Bank. Mr. Xia had been the Deputy Director at the Financial Research Institute of People's Bank of China, the Director of Department of Trade and Department of Information at China Securities Regulatory Commission, the General Manager of Shenzhen Stock Exchange, the Deputy Director of the Office for Policy Research and Director for Supervisory Department of Non-Banking Financial Regulation Department for People's Bank of China, the Director of Financial Research Institute of Development Research Centre of the State Council and a member in the Monetary Policy Committee of People's
Bank of China. Mr. Ma had worked in the headquarter of People's Bank of China. He later became the Managing Director for the research department of Goldman Sachs (Asia) and the investment research department of Gao Hua Securities, Co-heads of the research team of Asia-pacific region financial institution for Goldman Sachs (Asia), Vice General Manager and Chief Research Officer of Gao Hua Securities. Dr. Lei Chunxiong possesses over 20 years of experience in banking and E-payment business, he served in the Bank of China from 1991 to 1997, and later became the Assistant General Manager for fund management department and Deputy General Manager for personal banking department and research department at China Merchants Bank.