Mr. Feng Yonghuan: Master of Shanghai University of Finance and Economics, with 3 years experience in fund industry. He used to be an assistant to the general manager of R&D department and an industry researcher. From May 2006 to March 2007, he served as assistant fund manager of Guangfa Steady Growth Fund. Feng Yonghuan has never been given administrative punishment or taken administrative supervision measures by the regulatory authorities.