Mr. Ma, aged 57, was re-designated as an executive director, the chairman of the Board, the chief executive officer, the chairman of the nomination committee of the Board, the member of the remuneration committee of the Board and the authorized representative of the Company for the purpose of the Listing Rules on 21 March 2018.

Mr. Ma has extensive experience in mergers and acquisitions, capital operation, management of large and diversified enterprises, and corporate strategic planning. Mr. Ma graduated from Nanjing University with a bachelor’s degree in law, and obtained from Cheung Kong Graduate School of Business an Executive Master of Business Administration degree. Mr. Ma is currently a director of Nanjing Jeshing International Home Furnishing Management Co. Ltd.*（南京金盛國際家居市場經營管理有限公司）and Latitude Investment Management Consultancy (Shanghai) Co., Ltd. From January 1980 to October 1984, Mr. Ma served as an inspector at Jiangsu Import and Export Commodity Inspection Bureau. Thereafter, until September 2000, Mr. Ma served as a reporter, deputy director of the editorial office and a deputy director of city channel at Jiangsu Broadcasting Corporation respectively.

Mr. Ma is also a director of Fine Bliss Limited and Good Moral Enterprises Limited, which are the substantial shareholders of the Company as defined under the Listing Rules. Following the aforementioned re-designation, Mr. Ma is also appointed as a director of the subsidiaries of the Company, namely Chuang Yu Holdings Limited, Globe Outlets City Holdings Limited, Globe Outlets City Limited, Mile Gain Limited, Million Harmony Holdings Limited, Million Harmony Limited, Pilot Will Holdings Limited, Pilot Will Limited, Profuse Gain Holdings Limited, Profuse Gain Limited, Quality Depot Limited, Richly Field Hainan Holdings Limited, King Future Holdings Limited and King Future Limited.