XIAO Li, aged 51, is currently a vice president and chief engineer of Greentown China, primarily responsible for the Group’s engineering management, cost management, and procurement management as well as the business of Living and Technology Group. Mr XIAO leads the establishment of Greentown China’s construction research center, continuously conducting R&D and implementation of “Good houses” technologies. Mr XIAO graduated from Nanjing Construction Engineering College (南京建築工程學院) with a bachelor’s degree, majoring in Industrial and Civil Architecture. Subsequently, he studied at Zhejiang University, and obtained a master’s degree, majoring in Business Administration. Mr XIAO has nearly 30 years of work experience in the real estate industry. He started working in July 1996, and successively worked for Zhejiang Huazhe Industrial Development Company Limited (浙江華浙實業開發有限公司) and Zhejiang Shenghua Real Estate Development Company Limited (浙江升華房地產開發有限公司). Mr XIAO joined the Group in March 2004.