Starcrest Education The Belt & Road Limited announced the appointment of Mr. Luo Peng to the Board as Executive Director with immediate effect. Mr. Zhu Xingchen will step down from his role as Executive Director with immediate effect. Mr. Luo Peng is a Chinese entrepreneur who is at the forefront of the digital economy. Mr. Luo currently serves as the Chairman and Founder of diversified investment group Fubao Group as well as holding a number of Executive and Non-Executive Directorships in various companies and organisations. Prior to forming Fubao Group, Mr. Luo worked for Truck Alliances, serving as Chief Operating Officer and Chief Executive Officer, where he helped to create China's largest online highway logistics information platform. In 2017, Truck Alliances merged with another unicorn to form the Man Gang Group, which is ranked as one of China's top ten leading companies within the digital economy, currently valued at more than $6 billion. Mr. Luo has also held social positions such as the Representative of the National People's Congress and the Executive Committee of the All-China Federation of Industry and Commerce. Mr. Luo graduated from the Department of Civil Engineering of Southwest Jiaotong University in 1997 with a first class honour's degree in Engineering.