Xiongfei Duan

Independent Non-executive Director

Xiongfei Duan was appointed as Independent Non-executive Director on July 21, 2009. He is currently an independent non-executive director, a member of the audit committee and the chairman of the nomination committee of Pantronics Holdings Limited (stock code: 1611), the shares of which are listed on the main board of The Stock Exchange of Hong Kong Limited. 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.