Mr. Chen Guoxiang (陳國祥), aged 69, founded our Group in 1995. Mr. Chen was appointed as our Director on December 13, 2019 and was re-designated as our executive Director and appointed as the chairman of our Board on May 21, 2020. Mr. Chen is primarily responsible for formulating the overall business direction and strategic development of our Group. Mr. Chen has been the chairman of Shinsun Property and Xiangsheng Industrial since January 1995 and July 1995, respectively. Mr. Chen also serves as a director of our various subsidiaries. From November 2014 to December 2018, Mr. Chen successively served as a director and the vice chairman of the 7th board of directors and a director of the 8th board of directors of Great Wall International ACG Co., Ltd. (長城國際動漫遊戲股份有限公司) (formerly known as Sichuan Great Wall International ACG Co., Ltd. (四川長城國際動漫遊戲股份有限公司) and Sichuan Shengda Industrial Co., Ltd. (四川聖達實業股份有限公司)), a company engages in the animation industry, whose shares are listed on the Shenzhen Stock Exchange (stock code: 000835.SZ). Mr. Chen is the father of Mr. Chen Hongni, our executive Director, chief executive officer and president.

Mr. Chen has over 27 years of experience in the PRC real estate industry. Prior to founding our Group in January 1995, Mr. Chen established Zhejiang Zhuji Xiangsheng Enterprise Development Co., Ltd. (浙江省諸暨市祥生實業開發總公司), a company engaged in real estate property development in Zhejiang Province of the PRC, in June 1993 and acted as its chairman and general manager. Mr. Chen obtained the qualification of senior economist from Zhejiang Zhuji Personnel Bureau (浙江省諸暨市人事局) of the PRC in December 2003. Mr. Chen has successively served as a council member and an executive council member of the 7th and 8th Council of the China Real Estate Industry Association (中國房地產業協會) from May 2014 to December 2018 and from May 2019 till now, respectively. He was also appointed as the vice chairman of the New Urbanization Committee of the General Association of Zhejiang Entrepreneurs (浙商總會新城鎮產業委員會) in April 2019 and the honorary chairman of Zhoushan Charity General Association (舟山市慈善總會) in June 2019.

Mr. Chen has received multiple awards in recognition of his experience in the real estate industry. He was named as one of the “Top 10 Leading Persons in Residential Property Industry in Zhejiang Province” (浙江省住宅產業十大領軍人物) in 2004, 2008, 2010, 2011 and 2014 and was awarded the “Outstanding Economic Contribution in Zhuji City of Zhejiang Province”award in 2006, 2007, 2019 and 2020. In 2008, Mr. Chen was recognised as one of the “Top 100 Outstanding China Real Estate Entrepreneurs in 2008” (2008中國百名優秀房地產企業家) by All-China Federation of Industry and Commerce (全國房地產商會聯盟). He was awarded the“2012 Shaoxing Charity Star” (紹興市慈善之星) by Shaoxing City Charity Federation (紹興市慈善總會) in 2012 and “5th Charity Award of Zhejiang Province” (浙江省第五屆浙江慈善獎) by the People’s Government of Zhejiang Province (浙江省人民政府) in 2016. Mr. Chen was also awarded the “Economic Development Merit Award” (經濟發展功勛獎) by Shaoxing Development Conference (紹興發展大會) and the “Golden Narcissus Award” (金水仙獎) by 2019 World Zhoushanese Congress (2019世界舟山人大會) in 2018 and 2019, respectively.

Mr. Chen Hongni (陳弘倪), aged 37, was appointed as our executive Director and chief executive officer on May 21, 2020. He has been our president since January 2019 and is primarily responsible for overseeing the overall business management and operations of the property projects of the Group. He is also a director of our various subsidiaries. Mr. Chen Hongni is the son of Mr. Chen, our founder, a Controlling Shareholder, an executive Director and the chairman of our Board.He has over seven years of experience in the PRC real estate industry. He joined our Group in November 2012 as the general manager of the hotel management company of Xiangsheng Industrial Group, where he was responsible for overseeing the overall operations of the hotels. From November 2014 to December 2017, Mr. Chen served as the chairman of our branch company in Zhuji City, where he was responsible for overseeing the operations and management of our project companies in Zhuji area. From December 2017 to January 2019, he served as the executive president of Shinsun Property, where he assisted the president in the overall business management of Shinsun Property. Since July 2016, Mr. Chen has served as the vice chairman of the Zhuji Young Entrepreneurs Association (諸暨市新生代企業家協會) of the Zhuji province in the PRC. Mr. Chen obtained a bachelor’s degree in general studies (business management) from Fort Hays State University in the United States in May 2010.