China Vanguard Group Limited

Madam CHEUNG Kwai Lan, aged 73, is the Chairperson, one of the founders of the Group and an Executive Director of the Company. She has served the Group for more than 11 years and is the director of various subsidiaries of the Group. Madam Cheung Kwai Lan is responsible for business development, strategic planning and marketing for the Group. She is the President of the Zhang Xueliang Foundation (張學良基金會). She graduated from Shanxi Tai Yuan Medical School in 1960 and was a researcher at Shanxi Province Tai Yuan (Atomic Energy) Research Institute (山西省太原 (原子能)研究所),which was one of the institutions of the Chinese Academy of Science. She also participated in the research and development of the radioactive material Cobalt 60 for imaging and cancer treatment. She was an executive director and Chairperson of Hong Kong Life Group Holdings Limited (“HKLG”) for the period from 20 December 2004 to 18 June 2010. She is the mother of Ms. Chan Siu Sarah and Mr. Chan Ting and the spouse of Mr. Chan Tung Mei, all being Executive Directors of the Company.

Mr. CHAN Ting, aged 41, is an Executive Director, chairman of the remuneration committee, an Aithorized Representative, Compliance Officer of the Company and the Chief Executive Officer of the Group. He has served the Group for more than 10 years and is the director of various subsidiaries of the Group. He is responsible for the marketing and business development and operations of the Group. He was awarded a degree in Economics from Macquarie University in Australia in 1993. Mr. Chan has over 18 years of solid working experience in establishing and managing companies in the PRC. He was an executive director and chief executive officer of HKLG for the period from 27 August 2004 to 24 September 2010. He is the son of Madam Cheung Kwai Lan and Mr. Chan Tung Mei, and the brother of Ms. Chan Siu Sarah, all being Executive Directors of the Company. He joined the Group in July 2001.

Ms. CHAN Siu Sarah, aged 46, is an Executive Director of the Company, an Authorized Representative of the Company and the General Counsel of the Group. She obtained her law degree from the London School of Economics and Political Science in 1989 and was qualified to practice law as solicitor in Hong Kong in 1992 and England and Wales in 1993. She did her solicitor’s training with the international firm of Baker & McKenzie in Hong Kong and, after qualification, worked for 4 years at the international firm of Linklaters in Hong Kong specializing in projects and project finance with a particular focus on China. She then spent the next 7 years as corporate counsel with the Asia Pacific regional headquarter of Lucent Technologies in Hong Kong attending legal matters in the region. From 2004 to 2007, she was appointed the regional general counsel for the Asia Pacific region of Avon Products Inc., leading its legal, government and regulatory affair teams in the region. Ms. Chan has been an executive director of Avon Products Co., Ltd. which is listed on the JASDAQ Securities Exchange, Inc. for the period from March 2006 to December 2007. Ms. Chan is the daughter of Madam Cheung Kwai Lan and Mr. Chan Tung Mei, and the sister of Mr. Chan Ting, all being Executive Directors of the Company. She joined the Group in May 2008.

Mr. CHAN Tung Mei, aged 75, is one of the founders of the Group and an Executive Director of the Company. He has served the Group for more than 11 years and is the director of various subsidiaries of the Group. He is responsible for the overall management and operation of the Group. He graduated from Shanxi Industrial University in the PRC and received a bachelor degree in Civil Engineering in August 1960. Mr. Chan Tung Mei has over 14 years of experience in establishing and managing companies. He is the father of Ms. Chan Siu Sarah and Mr. Chan Ting and the spouse of Madam Cheung Kwai Lan, all being Executive Directors of the Company.

Mr. LAU Hin Kun, aged 52, is an Executive Director of the Company. He has served the Group for more than 10 years and is the director of certain subsidiaries of the Company. He has over 20 years of experience in the banking sector and accounting experience of both Hong Kong and the PRC and he previously worked in Nanyang Commercial Bank Limited, Charlio International Holdings Limited and Chiyu Banking Corporation Limited. He joined the Group in July 2001.

Mr. ZHANG Xiu Fu, aged 77, is an Independent Non-executive Director of the Company and a member of each of the audit committee and remuneration committee. He devoted himself to the Chinese Revolution in August 1948 and joined in the Communist Party in March 1950. He had served as the Head of the Municipal Police of Hangzhou city, Zhejiang province, the Chief Officer of the Provincial Police of Zhejiang province, a member of the Communist Party’s Provincial Standing Committee in Zhejiang province and the Secretary of the Political and Legislative Affairs Committee. He had also served as the Commissar of the Chinese people’s Armed Police, the Vice Minister and the Vice Head of the party organization of the Chinese Ministry of Legislation, a representative of the Nine National People’s Congress, a member of the Legislation Committee of the National People’s Congress and the Vice President of China Law Science Association. He currently served as the President of the China Legal Aid Foundation. He was previously an independent non-executive director of HKLG for the period from 25 January 2008 to 23 June 2010. He joined the Group in January 2008.

Mr. TIAN He Nian, aged 71, is an Independent Non-executive Director of the Company and a member of the audit committee. He was the Deputy Head of the Department of United Front Work of the Central Government of the PRC from 1998 to 2003. He is the Vice- Chairman of China Overseas Association. He was previously an independent non-executive director of HKLG for the period from 30 September 2004 to 18 June 2010. He joined the Group in November 2004.

Mr. TO Yan Ming Edmond, aged 39, is the Independent Non-executive Director of the Company, Chairman of the audit committee and a member of the remuneration committee. Mr. To holds a bachelor degree in Commerce in Accounting from Curtin University of Technology in Western Australia. He is a practicing accountant and presently the director of Edmond To CPA Limited and Zhonglei (HK) CPA Company Limited. He is a member of both the CPA Australia and Hong Kong Institute of Certified Public Accountants. He worked for one of the international accounting firms, Deloitte Touche Tohmatsu and has over 10 years of experience in auditing, accounting, floatation and taxation matters. Mr. To was appointed as an independent non-executive director and members of the audit and remuneration committee of BEP International Holdings and Theme International Holdings Limited (both companies listed on the Main Board of the Stock Exchange) on 5 June 2009 and 5 November 2009 respectively. Mr. To was appointed as an independent non-executive director, member and chairman of the audit committee, and member of remuneration and nomination committee of Wai Chun Group Holdings Limited (a company that is listed on the Main Board of the Stock Exchange) on 29 September 2009. Mr. To was previously an independent non-executive director, chairman of the audit committee and member of the remuneration committee of HKLG for the period from 11 January 2006 to 26 October 2010. Mr. To joined the Group in January 2006.