Mr. Liu Yunhong, currently an independent non-executive director of Shanghai Electric, also serves as Deputy Head of the International M&A and Investment Institute of Renmin University of China, Head of Foresea Life Insurance (Shanghai) Research Institute, Independent Director of Shanghai Aerospace Automobile Electromechanical Co., Ltd., and Independent Director of Bank of Guiyang Co., Ltd. He is also an adjunct professor and postgraduate tutor at Renmin University of China, Shanghai University of Finance and Economics, and East China University of Political Science and Law. Previously, he engaged in post-doctoral research at the Shanghai Stock Exchange and worked under several titles including Head of Legal and Compliance Division of Guotai Asset Management Co., Ltd., General Manager of Investment Banking Department of Aerospace Securities Co., Ltd., and General Manager and Executive Assistant of Investment Banking Department at Hwabao Securities Co., Ltd. With a doctorate&39;s degree in law from Renmin University of China, Mr. Liu is a post-doctoral fellow and researcher in economics and law.