Dr. Zhang Xiwu has served as the chairman and an executive director of the Company’s 2^nd board since June 2010. Dr. Zhang previously served as a non-executive director of the Company. Dr. Zhang is the chairman of the board of directors of Shenhua Group and Beijing Guohua Power Company. Previously, Dr. Zhang served as non- executive director, executive director and chairman of the Company’s 1^st board. He served as the general manager of Shenhua Group, vice general manager of Shenhua Group, chairman and general manager of Shenhua Shenfu Dongsheng Coal Company, chairman of Shenhua Dongsheng Coal Company, the manager of the Fine Coal Business Department of Shenhua Group. Prior to joining Shenhua Group in August 1995, Dr. Zhang was the deputy chief of the Bureau of Coal Industry of Jilin province, deputy general manager of the Northeast Inner Mongolia Coal Industry United Company, and department head and and assistant to chief of Inner Mongolia Dayan Mining Bureau. Dr. Zhang is a researcher, and has in-depth industry knowledge of, and over 20 years of operational and management experience in the coal industry in China. He obtained a master's degree and a Ph. D degree from Liaoning University of Engineering and Technology in 1997 and 2003 respectively.