Mr. Chang holds a bachelor's degree in international finance from Southwestern University of Finance and Economics, and has 13 years experience in financial securities investment and 4 years experience in fund management. He once served as a representative of securities companies in Shanghai Stock Exchange. Deputy General Manager of Shanghai Securities Management Headquarters of Sichuan Trust and Investment Corporation; Fund manager of Dacheng Fund Management Co., Ltd. Trading Department and Fund Manager Department. Since 1992, he has been engaged in investment in securities market, stock market and bond market, and has been engaged in fund management since 200 1. His work performance is as follows:

∷2006 54 38+0-2002 worked as a trader in the transaction management headquarters of Dacheng Fund Management Company. At the end of 200 1, he was elected as the first fund manager of the whole company.

∷ From 2002 to September 2003, he served as assistant fund manager of Dacheng closed-end fund Jinghong. The investment performance of the fund is above average among similar funds, and the risk-adjusted income is better.

∷ From September 2003 to June 2004, he served as the fund manager of Dacheng closed-end fund Jingfu, with a return of 12.05%, which outperformed the Shanghai Composite Index and the investment benchmark, and the risk-adjusted return was in the forefront of similar funds.

* From June 5, 2004 to February 2004, he joined the investment management headquarters of Shenwan Paris Fund Management Company to assist the investment management of the company's selected funds in Li Sheng.