Who is Liu? Independent Director of China Satellite

Liu: Male, born in June of19701,China nationality, without permanent residency abroad, doctor of management, registered real estate appraiser, asset appraiser and mining right appraiser in China. He used to be a member of the 10th All-China Youth Federation, a full-time member of the 10th and 11th Audit Committee of China Securities Regulatory Commission, and a member of the 4th and 5th M&A Committee of China Securities Regulatory Commission. He is currently the President and CEO of Beijing Zhongqihua Assets Appraisal Co., Ltd., independent director of China Satellite, independent director of Huachuang Yangan, independent director of Dongfang Electric, executive director of China Assets Appraisal Association, vice president of Beijing Assets Appraisal Association, vice president of China Mining Rights Appraisers Association, expert on state-owned assets appraisal of financial enterprises of the Ministry of Finance, member of the appraisal expert group of the State Council State-owned Assets Supervision and Administration Commission, and independent director of the Company.