Independent Director

• Nomination Committee Chairperson
• Audit Committee Member
• Compensation Committee Member

Mr. Cao is currently the chairman of Baogang United Steel, the Shanghai Stock Exchange publicly traded subsidiary of Baotou Iron and Steel Group, one of China's leading State-owned Enterprise (SOE) steel companies. He has been recognized by the China Securities Regulatory Commission and the State-owned Assets Supervision and Administration of Inner Mongolia for his contributions to the stock right splitting reform for Baogang United Steel. Currently, Mr. Cao is directing the domestic public listing process for Baotou Iron and Steel Group. Previously, Mr. Cao was president and chairman of the board at Baotou Metallurgy Machinery State-owned Asset Management Co., where he successfully reorganized and restructured 46 large and medium-sized state-owned enterprises in Inner Mongolia. Mr. Cao graduated from Baotou University of Iron and Steel Technology with a bachelor degree in 1974.