Mr. TOKUCHI Tatsuhito,born in 1952, serves as a member of our Executive Committee and the managing director of our Company with responsibility for the investment banking and fixed income business. Mr. Tokuchi joined our Group in 2002, and is also the chairman of the board of CSI and the director of GoldStone. Mr. Tokuchi previously worked for Daiwa Securities Co. Ltd., including director of the international underwriting department from 1980 to 1983, responsible for investment bank business; vice president of the investment banking department of the Daiwa Securities America from 1985 to 1990, responsible for investment banking business; executive vice president of the Daiwa Securities Hong Kong from 1990 to 1993, responsible for investment banking business; chief representative of the Daiwa Beijing office from 1993 to 1999, responsible for China-related business; and president and chief executive officer of the Daiwa Singapore from 1999 to 2001, responsible for South-eastern Asian business and co-head of the international finance department from 2001 to 2002, responsible for China-related business. Mr. Tokuchi also served simultaneously as the deputy chairman of the Singapore Investment Banking Association from 2000 to 2001. Mr. Tokuchi was awarded a Friendship Prize by the State Foreign Experts Bureau of the PRC in September 2009. He obtained a bachelor’s degree in Chinese literature in 1976 from Peking University and a master’s degree in 1985 from the Center of East Asian Study of Stanford University in the United States, focusing on Chinese economics.