Xiongfei Duan

Independent Non-executive Director

Xiongfei Duan was appointed as Independent Non-executive Director on July 21, 2009. Mr. Duan holds a Master’s Degree in Economics from Renmin University of China and a Master’s Degree in Business Administration from The University of Chicago. He is an associated member of National Futures Association in the United States of America and has over 20 years of experience in securities trading and investment industry. Mr. Duan is currently the investment manager of MIE Holdings Corporation.