Mr. Yang, aged 53, is a vice president of the Company since May 2018. Mr. Yang holds a bachelor’s dregee of engineering in real estate management from Tongji University (formerly known as Shanghai Urban Construction College) and a master’s degree in management science from management science and engineering discipline of School of Economics and Management, Tongji University. He is a senior engineer. He used to be the division head of residential construction division under residential construction development center and officer of project management department of Shanghai Municipal Housing and Land Resources Administration; deputy general manager of Shanghai Jing'an Urban Construction Investment Limited* (上海靜安城建投資有限公司), Shanghai International Group Real Estate Investment Management Limited* (上海國際集團房地產投資管理有限公司), Shanghai International Group Investment Development Limited* (上海國際集團投資發展有限公司), and Shanghai Shangtou Holding Limited* (上海上投控股有限公司) and vice president of Shanghai Shangtou Asset Management Limited* (上海上投資產經營有限公司).

* The English names of these entities are translations from their Chinese names and are for identification purpose only.