Following the resignation of Norman Ko, on April 24, 2017, the Company’s remaining directors, Jack Jie Qin and Visman Chow, elected Hu Xiaoboa as a Director of the Company, to fill the existing vacancy on the Board of Directors. Certain information concerning the background of Mr. Hu is set forth below.
Hu Xiaoboa . Mr. Hu Hiaoboa, 77, was, from 2004 to 2015, a partner in the U.S. venture capital firm iGlobe Partners, where he established and managed a portfolio of successful investments. For more than the past 10 years, Mr. Hu has served in the leadership of the Shanghai Science and Technology Investment Corporation and at the Shanghai Institute of Laser Technology, where his responsibilities include oversight of activities in five countries and several key scientific and technological projects in Shanghai. Mr. Hu graduated from the Department of Modern Mechanics, China University of Science and Technology. He served as a technical director of the Chinese Academy of Sciences and Shanghai Institute of Science and Technology and has over 40 years of experience in advising companies with respect to technical management, operation and venture capital matters.
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