Board of Directors

Mr. Yuan Li has served as our Chairman of the Board of Directors and Chief Executive Officer since June 2023, and our director since February 2023. As the founder of Kebiao Technology, Mr. Li has served as the chief executive officer of the company since its incorporation in April 2020, responsible for the management of day-to-day operations and high-level strategizing and business planning. Mr. Li has over 10 years of experience in business management. From November 2017 to March 2019, Mr. Li served as a general manager at Charming Education, an adult education company that specialized in self-study exams, adult higher education, and the Open University of China. From July 2014 to September 2017, Mr. Li served as a general manager at Sichuan Gengu Education Investment Co., Ltd., responsible for the company’s daily operations, formulating long-term strategic plans, and setting operational goals for its continued growth. Mr. Li received his associate degree in Chinese Language and Literature from Sichuan Normal University in 2017.

Mr. Xiaohui Li has served as our Co-Chief Executive Officer and Director since January 2025. Mr. Xiaohui Li is an experienced executive in the securities and capital management sectors. Since October 2024, Mr. Xiaohui Li has served as the co-chief executive officer of Zhiyi Eastern Securities Co., Ltd., where he contributes to corporate strategic planning, supports partners in daily securities operations, and oversees the investment and post-investment management for major projects. Since April 2014, Mr. Xiaohui Li has served as the chief executive officer of Shenzhen Hongying Capital Management Co., Ltd., where he was responsible for establishing corporate governance frameworks, managing fund operations and risks, and assisting partners with project investment and post-investment activities. Mr. Xiaohui Li received his bachelor’s degree in Marketing Management from Quanzhou Vocational and Technical University in 2009 and completed an executive development program in capital management at Peking University in 2016.

Mr. Shuang Qiu has served as our independent director since May 2024. Mr. Qiu has extensive experience in investment and management. Since June 2017, Mr. Qiu has served as a general manager at Huachuang Acceleration Technology Chengdu LLC, responsible for overseeing the company’s overall operations, including setting and implementing strategies plans, supervising staff, and maintaining relationships with customers. From March 2016 to June 2017, Mr. Qiu served as a vice president at Kenya East Africa Tongsheng Investment Co., Ltd., responsible for the company’s business development. Mr. Qiu has also served as a director of Sichuan Xinsanhao Education Technology LLC since December 2019. He received his bachelor’s degree in Economics and East Asian Studies from University of California, Davis in 2014, and his master’s degree in Technology, Innovation, and Entrepreneurship from Tel-Aviv University in 2018. Mr. Qiu is well qualified to serve as our independent director due to his expertise in corporate governance and insights into the education industry.

Dr. Shaoping Lu has served as our independent director since May 2024. With decades of experience in investment analysis, asset management, and project finance, Dr. Lu has assisted many Chinese companies with their U.S. listings. Since March 2002, Dr. Lu has served as the chairman of the board of directors and the chief executive officer of China Hi-Tech Fund LLC, a company that provides investment banking services, financial services, and direct investment to small- to mid-sized Chinese companies. Dr. Lu has assisted companies in securing funding in excess of RMB21 billion (US$3 billion) for a variety of projects at China Hi- tech. Since August 2019, Dr. Lu has also served as a director at Enesoon New Energy Group Ltd., where he is responsible for overseeing the general management and financial matters of the company. From August 1997 to March 2022, Dr. Lu founded and served as the president of Wanda International, Inc., a company dedicated to promoting cultural exchange and economic cooperation between China and the United States, where he was responsible for the management of the company’s day-to-day operations and business planning. From 1991 to 1993, Dr. Lu served a professor in Mathematics in West Virginia University. Dr. Lu received a bachelor’s degree in Mathematics from Central China Normal University in 1982, and a master’s degree in Applied Mathematics from the Institute of Applied Mathematics of Chinese Academy of Sciences in 1986, and a Ph.D. degree in Applied Mathematics from the City University of New York in 1990. Dr. Lu’s expertise in investment analysis, asset management, and project finance, as well as his academic background, make him a valuable addition to our board of directors.

Mr. Shang Wu has served as our independent director since February 2025. Mr. Wu has extensive experience in cultural education, business activities, and corporate management. Since 2018, Mr. Wu has served as the executive director of the Italian I.C.E. International Exchange Promotion Association, where he leads strategic initiatives to enhance industrial cooperation between China and Italy. Since 2020, Mr. Wu has also served as the General Manager at Chengdu Muyan Cultural Development Co., Ltd., overseeing the company’s overall operations and leading commercial transformation projects focused on urban renewal and art-related business developments. Mr. Wu received his bachelor’s degree in Decoration Arts from the Florence Academy of Fine Arts in 2016 and a master’s degree in Art History from the University of Florence in 2019.