Wu Zhipan  is an independent Supervisor of the Company.

Mr Wu is a holder of doctorate degree. He is a professor of Peking University and is currently the Vice Chancellor of the Peking University, Chief Legal Consultant, the Director of Peking University Asia-Pacific Research Institute and the Director of Financial Law Institute. He is also an expert consultant of the Supreme People's Court of the PRC, an arbitrator of the Arbitration Panel of China International Economic and Trade Arbitration Commission and President of the China Economic Law Research Societies. He is an independent Director of Air China, Fortune SGAM Fund and Minsheng Bank. Mr Wu has been an independent Supervisor of the Company since December 1999.