Mr. Xu, aged 49, holds a Bachelor’s degree in Law of the China University of Political Science and Law, a Master’s degree in Business Administration of Beijing University of Aeronautics and Astronautics and a Master of Laws degree in International Economic Law of City University of Hong Kong. He was qualified as a lawyer in the People’s Republic of China (the “PRC”) in 1994 and a senior economist in the PRC in 2003. Mr. Xu has over 16 years of corporate management experience and extensive experience in transactions of mergers and acquisitions and investment and financing. He was a director of a company listed on the Shanghai Stock Exchange and two companies listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). Mr. Xu was appointed as the Co-Chairman and Executive Director of Asia Allied Infrastructure Holdings Limited (“AAI”, the holding company of Chun Wo group and a company listed on the Main Board of the Stock Exchange (stock code: 00711)) in January 2015. He has been re-designated from the Co-Chairman to the Deputy Chairman in March 2017 and is currently a member of the Management Committee and Executive Committee of the Board. Mr. Xu also holds directorships in certain subsidiaries of AAI.