Wang Xuguang, aged 49, was appointed to the Board on 19 July 2012 and designated as Executive Director on 23 February 2014. Mr. Wang is also the Chief Executive Officer of the Company, primarily responsible for the overall management of the Group. Mr. Wang obtained a bachelor’s degree in economics and investment management at Dongbei University of Finance and Economics in Dalian in July 1990. He was awarded a master’s degree in international laws by Dalian Maritime University in April 2002.
After graduation from university, Mr. Wang worked in the Dalian Branch of the China Construction Bank for more than 16 years until he became the deputy branch manager, during which he developed his extensive knowledge and experience in real estate financing. Mr. Wang then joined Dalian Haichang (Group) Co., Ltd (“Haichang Group Co”) in February 2007 as a director and the president. He was further appointed as a director and the general manager of Dalian Haichang Corporation Development Co., Ltd. (“Haichang Enterprise Development”) in February 2010. From October 2010 to February 2012, he also served as the president of Dalian Haichang Real Estate Group Co., Ltd. (“Haichang Real Estate”). Mr. Wang was appointed as a director of Haichang (China) Co., Ltd. (“Haichang China”) in October 2011 and was promoted to the chairman of the Board in July 2012 and President of the Company in April 2013. In July 2012, he was also appointed as a director of Haichang Holdings (Asia) Ltd. (“Haichang Asia BVI”) and Haichang Holdings (Hong Kong) Limited (“Haichang Holdings HK”). Currently, he is also serving as a non-executive director of Haichang Group Co and Haichang Enterprise Development. Mr. Wang is the vice president of the Chamber of Commerce in Dalian and a representative of the People’s Congress of Dalian Municipality.