Mr. LO Yuen Yat, aged 71, was a Director from 1991 to 1993 and was re-elected in 1995. He is the chairman of the Company and was appointed as managing director in January 2016. He is a director of various subsidiaries of the Company. He is also the chairman and managing director of First Shanghai Investments Limited which is an associated company of the Company. Previously, Mr. Lo was a senior policy researcher at China’s National Research Centre for Science and Technology and Social Development and worked at the PRC State Science and Technology Commission, Ministry of Communications of the People’s Republic of China and the PRC Railway Ministry. Mr. Lo graduated from Fudan University in Shanghai and obtained his master’s degree from Harvard University.