Mr. Hang Wang has served as an independent director since the IPO. Mr. Wang co-founded Hosen Capital in October 2011. Mr. Wang joined New Hope Group as director since 2011 and has served as the vice chairman of New Hope Group since 2013, the vice president from 2004 to 2013 and the chief operation officer of finance department from 2001 to 2004. Mr. Wang has also served as director of New Hope Liuhe Co., Ltd. (SZSE: 000876) since November 2011, and supervisor of China Minsheng Banking Corp., Ltd. (HKEx: 1988; SSE: 600016) since February 2017. Mr. Wang obtained his master’s degree in Political Economics from Peking University in July 1996. He passed the PRC bar exam in September 1995, and has obtained the Certificate of Securities (Asset Management) from Asset Management Association of China in July 2017.