Executive Directors

Mr. Pan Shiyi,aged 45, is an executive Director and Chairman of the Board. Mr. Pan co-founded Redstone Industry Co., Ltd., the predecessor of the Company, in 1995. Since then he has led, together with his wife, Mrs. Pan Zhang Xin Marita, the development of all of the Company’s twelve projects and the Tiananmen South (Qianmen) Project. Before that, Mr. Pan co-founded Beijing Vantone Co. Ltd. in 1992.

Mr. Pan was selected as one of the “Top Ten Influential Figures in Real Estate Industry” by sina.com in 2004 and 2006, one of the “25 most influential business leaders” in China by Fortune (China) Magazine in 2005, deputy to Beijng’s People’s Congress in 2007 and Ernst & Young Entrepreneur of the Year China 2008.

Mrs. Pan Zhang Xin Marita, aged 44, is an executive Director and the Chief Executive Officer of the Company. Ms. Zhang co-founded Redstone Industry Co., Ltd., the predecessor of the Company, in 1995. Since then she has led, together with her husband Mr. Pan Shiyi, the development of all of our twelve projects and the Tiananmen South (Qianmen) Project.

Ms. Zhang has been selected by the World Economic Forum as a Young Global Leader since 2005. In recognition of Ms. Zhang’s efforts in promoting the development of architecture in Asia, Ms. Zhang was awarded the “Special Prize to an Individual Patron of Architectural Award” at La Biennale di Venezia in 2002. She was named among the “World’s 100 Most Powerful Women” by Forbes Magazine, 2008. She has also spoken at various forums including the Fortune Global Forum 2005 and the China Business Summit 2003 & World Economic Development Declaration 2003.

Ms. Yan Yan,aged 45, is an executive Director and the Company’s President and is responsible for the business development, budgeting and overall management of the Company. Ms. Yan joined the Company in December 1996. Ms. Yan received a Bachelor of Civil Engineering degree from Tianjin University in 1986. She has sixteen years of relevant experience in the real estate development industry in China.

Mr. Wang Shaojian Sean, aged 45, is an executive Director and the Company’s Chief Financial Officer and is responsible for the financial strategy and management of the Company. Mr. Wang joined the Company in June 2008. He received a Master of Business Administration degree from University of Minnesota and a Bachelor of Science degree from Hamline University. He has in-depth and extensive experience in enterprise management and funds operation. He also has over 10 years’ experience in financial operation and project management at various multinational firms listed on the US Stock Market and Nasdaq. Mr. Wang also is a non-executive director of PacificNet Inc., a company listed on Nasdaq.

Independent Non-executive Directors

Dr. Ramin Khadem,aged 64, is an independent non-executive Director of the Company. He is the Chairman of the Board of Trustees of the International Space University, Strasbourg, France. He is a member of the board of the International Institute of Space Commerce, a member of the advisory board of ManSat Ltd., a company that serves the needs of the international space industry, as well as Near Earth L.L.C., an investment bank with a focus on the satellite, media and telecommunications clients and investors. He is also Chairman of Odyssey Moon Ltd, a lunar enterprise business. Dr. Khadem served as an executive director of Inmarsat Ventures Limited (formerly known as Inmarsat Ventures Plc.) (“Inmarsat”) between October 2000 and July 2004, and also as an executive director of Inmarsat Group Holdings Limited between December 2003 and July 2004 where he was responsible for the overall financial management and performance of the Inmarsat Group. Since 1993, he had been acting as the Chief Financial Officer of Inmarsat. Before this, he had held several other posts in Inmarsat, including those of financial director, financial manager and executive officer. Dr. Khadem graduated from the University of Illinois with a B.S. degree in electrical and mechanical engineering and from McGill University with a Ph.D. degree in Economics.

Mr. Cha Mou Zing Victor,aged 59, is an independent non-executive Director. He is the Deputy Chairman and Managing Director of HKR International Limited (Stock Code 480 listed on the Stock Exchange) and an alternate independent non-executive director of New World Development Company Limited (Stock Code 0017 listed on the Stock Exchange). He is also a member of the Chinese People’s Political Consultative Committee of Zhejiang Province and a council member of the Hong Kong Polytechnic University. Mr. Cha graduated from Stanford University with a MBA degree and University of Wisconsin with a Bachelor of Science degree.

Mr. Yi Xiqun,aged 61, is an independent non-executive Director. He is the Chairman of Beijing Enterprises Holdings Limited (Stock Code 392 listed on the Stock Exchange). He graduated from the Beijing Chemical Institute in 1975 and later obtained a postgraduate degree in economics and management engineering from Tsinghua University. From 1986 to 1987, Mr. Yi was in charge of the Beijing Municipal Government Economic Structure Reform Committee and from 1987 to 1991, he served as the Chief of the Xicheng District of Beijing. Since 1991, Mr. Yi has been an assistant to the Mayor of Beijing as well as Director of the Economic and Foreign Trade Commission of Beijing Municipality and the Management Committee of the Beijing Economic and Technology Development Zone. Mr. Yi is an non executive director of China Merchants Bank (Stock Code 3968 listed on the Stock Exchange). He is also the vice chairman of the Hong Kong Chinese Enterprises association and Chairman of Capital Enterprises Association. Mr. Yi has in-depth knowledge and a wealth of experience in macroeconomic and microeconomic management.

Senior Management

Mr. Li Hong, aged 46, is one of our senior vice presidents and oversees project management. Mr. Li joined the Company in 1997. Mr. Li received a Bachelor of Science degree from the School of Architecture, Harbin Institute of Technology in 1985. He has twenty years of relevant experience in the real estate development industry in China.

Mr. Xu Yang, aged 49, is one of our senior vice presidents and oversees marketing, leasing and customer service. Mr. Xu joined the Company in 1999. Mr. Xu graduated from the University of Science and Technology of Beijing. He has ten years of relevant experience in the real estate development industry in China.

Ms. Lai Chor Shan, aged 36, is our General Counsel and oversees legal matters of the Company. Ms. Lai joined the Company in May 2008. Ms. Lai graduated from the University of Hong Kong with a Bachelor of Laws (Honours) in 1995 and a Postgraduate Certificate in Laws (with Distinction) in 1996. She received a Bachelor of Civil Law from the University of Oxford in 1997. Ms. Lai is admitted as a solicitor in Hong Kong and England & Wales. Before joining the Company, Ms. Lai practiced law in two major international law firms for over ten years.

Qualified Accountant

Mr. Zhao Guilin, aged 45, is a qualified accountant and the financial controller of the Company. He is responsible for our financial management, accounting and audit, taxation, financial reports, bank credit and other day-to-day financial administration. Mr. Zhao has more than twenty years’ working experience, and has worked with us for twelve years on a full time basis. Mr. Zhao was registered as a Hong Kong CPA with effect from 15 May 2007. In 2004 he obtained a Master’s degree in accounting from Deakin University of Australia and qualified as a certified public accountant in Australia. Mr. Zhao qualified as a PRC certified public accountant in 1994 and a PRC registered taxation advisor in 1998. Mr Zhao graduated from Jilin University in 1988 with a Master’s degree in technology.

Company Secretary

Mr. Ngai Wai Fung, aged 47, is the company secretary of the Company. Mr. Ngai is a director and head of listing services of KCS Hong Kong Limited, a corporate secretarial and accounting services provider in Hong Kong. Mr. Ngai is currently a vice president of The Hong Kong Institute of Chartered Secretaries (HKICS) and the Chairman of its Membership Committee. He is also a fellow of HKICS and the Institute of Chartered Secretaries and Administrators in the United Kingdom, a member of the Hong Kong Institute of Certified Public Accountants, a member of the Association of Chartered Certified Accountants in the United Kingdom, a member of Hong Kong Institute of Directors and a member of the Hong Kong Securities Institute. Mr. Ngai holds a Master of Corporate Finance from the Hong Kong Polytechnic University, a Master of Business Administration from Andrews University of the United States and a Bachelor of Laws (with Honours) degree from the University of Wolverhampton, the United Kingdom. He is also a PhD (thesis stage) in Finance at the Shanghai University of Finance and Economics.