Mr. Xiao, aged 52, is currently the secretary to the Board, the Company Secretary and the general legal counsel of the Company, the board secretary and the general legal counsel of COSCO SHIPPING Lines Co., Ltd. and currently the group legal advisor, company secretary, compliance officer and the chairman of compliance committee, member of inside information committee and the risk committee of OOIL. He also serves as a director and a member of the executive committee of OOCL. Mr. Xiao joined the COSCO Group in 1994 and served as the general manager of the finance department of COSCO Americas Inc./COSCO Americas Terminals Inc. (中遠美洲公司╱中遠美洲碼頭公司), the deputy general manager of the Investor Relations Division of China COSCO, the securities affairs representative of the Company, the deputy general manager of the Public Relations Department of China COSCO SHIPPING Corporation Limited. Mr. Xiao holds a Bachelor’s degree in Finance from the Capital University of Economics and Business (formerly the Beijing Institute of Finance & Trade), and a Master’s degree in Applied Finance from Macquarie University. Mr. Xiao is an associate member of The Hong Kong Chartered Governance Institute (formerly The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute.