Mr. Pao Ping Wing, JP, was appointed as an Independent Non-executive Director of the Company in June 2006. He had been actively serving on the consultation and formulation of government policies, including those relating to town planning, urban renewal, public housing and environment matters, etc for years. Mr. Pao has been appointed as a Justice of the Peace of Hong Kong since 1987. He was an ex-Urban Councilor. He obtained a Master of Science in Human Settlements Planning and Development from the Asian Institute of Technology in Thailand in 1980. He was elected as one of the Ten Outstanding Young Persons of Hong Kong in 1982 and one of the Ten Outstanding Young Persons of the World in 1983. Since 1987, Mr. Pao has been an independent non-executive director of companies listed on the Stock Exchange of Hong Kong Limited, and has extensive experience in the field of corporate governance. Currently, he is an independent non-executive director of a number of companies listed on the Stock Exchange of Hong Kong Limited, including Oriental Enterprise Holdings Limited, Sing Lee Software (Group) Limited, Zhuzhou CRRC Times Electric Co. Ltd, Soundwill Holdings Limited, Maoye International Holdings Limited and Global International Credit Group Limited.

Mr. Cheng Kai Tai, Allen, Allen, was appointed as an Independent Non-executive Director of the Company in January 2010. Mr. Cheng is a qualified accountant, a fellow member of Hong Kong Institute of Certified Public Accountants and a member of the Institute of Chartered Accountants in England and Wales. He has practiced as a Certified Public Accountant in Hong Kong for over 20 years and has extensive professional experience in auditing, taxation, financial management, corporate recovery and restructuring. Mr. Cheng holds a master degree of accountancy from Jinan University in China and is a professional advisor to several international companies of investment management, trading and service industry.

Dr. Chan Yee Wah, Eva, was appointed as an Independent Non-executive Director of the Company in July 2012. Dr. Chan has more than 25 years of financial and management experience and has been senior executives of various listed companies in Hong Kong. Dr. Chan is the founding chairlady of Hong Kong Investor Relations Association; Dr. Chan is also a fellow member of Hong Kong Institute of Certified Public Accountants, a fellow member of the Association of Chartered Certified Accountants and a fellow member of The Hong Kong Chartered Governance Institute. Dr. Chan graduated from City University of Hong Kong with a bachelor of arts in accounting. She then earned her MBA degree from the University of Nottingham. She also obtained a DBA degree from the Polytechnic University of Hong Kong. She is currently the Head of Investor Relations of C C Land Holdings Limited and an independent non-executive director of Xtep International Holdings Limited (a company listed on the Stock Exchange of Hong Kong Limited) and ST International Holdings Company Limited.

Dr. Cao Fuguo, holds a doctorate degree in civil and commercial law from Tsinghua University. Dr. Cao is currently a professor of the School of Law, the dean of the PPP Governance Research Institute and a member of the Faculty of Law of the Eighth Academic Committee of Central University of Finance and Economics (中央財經大學), the director of the China Public Procurement Research Institute (中國公共採購研究所), and the director of the Energy Transformation, Low Carbon and Sustainable Procurement Research Center of the Guangdong-Hong Kong-Macao Greater Bay Area (Whampoa) Research Institute (粵港澳大灣區（黃埔）研究院). He is the host and chief expert of the major projects of the National Social Science Fund (國家社科基金重大項目), a new century excellent talent of the Ministry of Education, and a Fulbright visiting scholar. Dr. Cao is also concurrently the legal advisor of the Ministry of Finance, the vice president of the Energy Law Research Association of China Law Society (中國法學會能源法研究會), a member of the Beijing Major Construction Project Advisory Committee (北京市重大建設項目諮詢委員會), an evaluation expert and leader of the evaluation team for the PPP demonstration project of the Ministry of Finance (財政部PPP示範項目), a member of the International Advisory Committee of the Faculty of Business Administration of AIMST University, Malaysia, an independent director of both of Bloomage Biotechnology Co., Ltd. (華熙生物股份公司) (a company listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange) and Huaxin Investment Management Co., Ltd. (華芯投資管理有限公司), a fund manager of National Integrated Circuit Investment Industry.

Dr. Cao served as a member of the expert group as well as the consultant of the working group of the Chinese government delegation for two law revision projects, namely "Public Procurement Model Law" and "PPP Legislative Model Provisions" of the United Nations Commission on International Trade Law, the president-elect of the International Public Procurement Conference (IPPC), co-chairman of the Ninth International Conference on Public Procurement. He has also participated in the research and drafting of "Chinese Government and Social Capital Cooperation Law"《中國政府和社會資本合作法》, "Chinese Government Procurement Law"《中國政府採購法》, "China Tendering and Bidding Law"《中國招標投標法》, "Beijing Urban Infrastructure Franchising Regulations"《北京市城市基礎設施特許經營條例》 and "China Energy Law"《中國能源法》. Dr. Cao has presided over 50 scientific research projects including major projects of the National Social Science Fund, published more than ten books (including monographs, editor-in-chief, and translations), and published more than 70 papers in important domestic and foreign journals such as "Chinese Law"《中國法學》, "Law Science"《法學》, "Journal of the National Academy of Administration"《國家行政學院學報》, "Chinese Administration"《中國行政管理》, "Fiscal Research"《財政研究》, "Urban Development Research"《城市發展研究》, and SSCI/SCI searching journals.

Dr. Cao's main research and teaching fields are commercial law (bilingual teaching of corporate law), fiscal law (public procurement law/PPP law, etc.), economic law, climate change and energy law (Rule of law in energy transition), health law, corporate governance, corporate social responsibility and common prosperity. He has extensive legal knowledge, outstanding research results and teaching experience, covering legal fields such as commercial law, fiscal law and health law, etc, as well as environmental, social and economic fields such as climate change, energy transition, procurement theory and policy, etc.