Mr. Derek Li has served as our executive vice president and general counsel since November 2025. Mr. Li’s extensive experience includes positions with top-tier international law firms and judicial institutions, with expertise in areas including cross-border capital markets, mergers and acquisitions, investment and financing transactions, international strategic cooperation, listing compliance, and risk management. He previously practiced at Skadden, Arps, Slate, Meagher & Flom LLP in its New York and Hong Kong offices, where he played a key role in numerous major cross-border transactions for leading global TMT companies, with a cumulative transaction value over US$40 billion. Mr. Li received his Juris Doctor degree from the New York University School of Law. He is qualified to practice law in the states of New York and California and also holds the PRC Legal Professional Qualification Certificate.