Working experience:

Jun.2000-Nov. 2000 New Continental Law Firm;

Nov. 2000- now Zhejiang Wulian Law Firm.

Education background:

Undergraduate,Zhejiang University Guanghua Law School.

Mr. Shen studiedin Fudan University, majoring in Law (undergraduate). He is the postgraduatemajoring in Finance.

He ownsqualifications of Independent Directors of listed companies.

social positions：

China Securities Law ResearchAssociation, member of China Securities Industry Association, Securitiesdispute mediator of China Stock Exchange small and medium investors servicecenter, mediator of Social Legal Work Committee of Zhejiang Province Commissionfor the Advancement of Democracy, committee member of People's MediationCommittee of The Securities Association of Zhejiang, committee member of LawAssociation Finance and Insurance Commission of Lawyers Association ofZhejiang, committee member of Hangzhou Law Association Finance ProfessionalCommittee, deputy director of Guanghua Law School of Zhejiang University,practice mentor of School of Law and Politics of Zhejiang Sci-Tech University,Guest Lecturer of Zhejiang Library.

Awards:

Aug. 2007 'The case ofadministrative liquidation that 100 rickshaws were outlawed in 81 households'was rated as 'Top-10 case of promoting the construction of a harmonioussocialist society' by Hangzhou Lawyers Association;

May 2008 'Rising Star Award' ofHangzhou Lawyers Association of 2007 by Committee of Hangzhou LawyersAssociation of Communist Youth League;

Sep. 2017 Financial InstrumentAnalysis in Family Wealth Inheritance - Primary Investigation in ManagementModel of Family Wealth Inheritance under The Double Perspectives of Law andFinance won the third award for dissertations of the seventh Zhejiang LawyerForum;

Mar. 2018 The first session ofoutstanding professional lawyer in Zhejiang Province by Zhejiang LawyersAssociation (finance and insurance);

Practice description:

He has been in practice since2001, specializing in legal matters such as finance and securities, M & Aand investment and financing, and commercial dispute resolution.

Financial and securities legal affairs:

During his many years of practice,he accumulated rich experience in handling non-litigation and litigation ofnon-performing creditor's rights. He is familiar with and has grasped the riskcontrol system and system of non-performing creditor's rights in commercialbanks, large enterprises and group companies. He provided special legalservices for the disposal of non-performing claims for major commercial banksand the four major state-owned asset management companies, and provided legaldue diligence services for major commercial banks, hundreds of claims andequity projects of large financial institutions such as state-owned assetmanagement companies with rich experience in legal due diligence practice.

In the field of securities, heacted as the securities dispute mediator in China Securities Association, themediator of China Stock Exchange Small and Medium Investors Service Center, theperennial legal consultant for The Securities Association of Zhejiang and thecommittee member for the People's Mediation Committee. He participated in themediation of a dozen of capital markets and securities dispute cases, includingbrokerage disputes, margin trading disputes, proxy fund disputes,misrepresentation disputes, private equity disputes, and obtained richexperience in handling the securities dispute cases. With good businessrelations and cooperation with major securities companies, he can providecustomers with various types of comprehensive securities legal services. Theteam has provided special legal services for the new OTC of many enterprises,fixed increase, equity incentive and other projects; The team is familiar withmulti-asset securitization product risk control model, it can provide customerswith all kinds of asset securitization products of the full process of legalservices. The team provides the full-process legal services for the WenzhouFinancial Assets Exchange's preparation, establishment and operation. WithWenzhou Financial Assets Exchange as the platform, the team providesfull-process legal services for its designs and the issuing of the assetsecurities products.

In the field of financial capitalmanagement, it provides non-litigation legal services to the Head Office ofZhejiang Commercial Bank for the review of contracts for the management offinancial assets. He was invited to conduct special legal training on the topicof 'Legal Risk Analysis of Commercial Banking Capital Management' for allbusiness personnel of the bank's capital management line. He has rich practicalexperience and high theoretical level for the legal risk of capital managementbusiness of commercial banks.

In the field of private equityservices, he provided a perennial legal consultant service for a number ofprivate investment institutions, such as Zhong Shang Tian Bei Asset ManagementCo., Ltd. He is familiar with the legal practice of raising, investing,managing and retiring of private equity funds, and issued a legal opinion bookfor a number of institutions and successfully registered and filed in AMAC. Heissued a legal opinion book for the private service institutions of ZhejiangCommercial Bank Head Office, and participated in the drafting and revision ofinternal rules and regulations of private - equity institutions.

In the field of internet finance,he acted as the legal consultant for multiple internet financial companies andZhejiang Association of Internet Finance, cooperated with regulators toparticipate in joint member self-discipline compliance verification and newmembership compliance verification, and participated in the drafting ofguidelines for filing and registration of legal opinions for credit organizationsin Zhejiang Province as a key member.

Corporate M & A and investment andfinancing legal affairs:

With rich experience innon-litigation business, such as equity investment and financing, projectfinancing and corporate M & A practice, he successfully provided full legalservices for many M & A projects and served as equity investment andfinancing consultants for many companies, successfully invested in equityraising for the company (PE/VC). Main cases: In the equity case that thelisting company Zhejiang Yongtai Technology Co., Ltd. (002326) acquiredZhejiang Chiral Medicine Chemicals Co., Ltd. and Foshan Chiral MedicineChemicals Co., Ltd., he provided the full-course legal services for the mergeras the special legal consultant of the seller in the project. He was entrustedby a large state-owned enterprise and provided legal services for thestate-owned equity transfer project invested by it in an enterprise in Taizhou.He represented an enterprise in Hangzhou City (the acquiree) to participate inthe whole legal affairs of enterprise merger and acquisition of the enterpriseacquired by a large overseas transnational enterprise. He represented Hong Konginvestor to participate in the legal affairs of the Ji'an - Lianhua ExpresswayBOT project of Jiangxi Transportation Department all the way. He represented anenterprise in Hangzhou City to participate in legal affairs of land acquisitionproject of the Enterprise and Jinhua all the way. He represented a medicalcompany in Zhejiang to participate in the legal acquisition affairs during itsacquisition of a pharmaceuticals company under a famous transnational medicalgroup.

Legal affairs of settling commercialdisputes:

He has handled hundreds ofcommercial dispute cases since the practice. He has a rich experience inhandling and settling legal commercial dispute affairs of more than ten years.He provided litigation and non-litigation legal services of settling commercialdisputes for many strategic cooperation customers and legal consultant unitsincluding OTIS Electric, Thyssen Elevators Co., Ltd., Hangzhou MTR Corporationand others.

Practical researches and media comments:

He participated in compiling thebook named Lawyers' Practice Guide which was published by Zhejiang UniversityPress in May 2008,

Legal Practice of Bad ClaimManagement and Disposition published in 2012 Hangzhou Lawyer Forum ,

Issuance, Design and Legal Basisof Limited Partnership PE Structuring published in 2015 Hangzhou Lawyer Forum,

Discussion on Legal Problem ofFinancial Service of Commercial Bank published in 2016 Zhejiang Lawyer Forum,

A Brief Analysis on LegalRelationship and Responsibility Confirmation in Financing Business - Taking TheSecurities Trading Dispute Case Arising From A Financing Business As TheAnalysis Model, which was selected as the annual outstanding dissertation in2016 by the finance and insurance professional committee in Zhejiang LawyersAssociation ,

Financial Instrument Analysis inFamily Wealth Inheritance - Primary Investigation in Management Model of FamilyWealth Inheritance under The Double Perspectives of Law and Finance won thethird award for dissertations of the seventh Lawyer Forum;

In addition, he was also invitedby Zhejiang Television Station Economic Life Channel, Qianjiang Channel,Zhejiang Legal News, National Business Daily and other media as a honored guestto analyze hot legal issues about finance and securities.

Major clients:

TheSecurities Association of Zhejiang;

ZhejiangAssociation of Internet Finance;

The fourstate-owned AMCs, namely China Huarong Asset Management Co., Ltd.,

ChinaCinda Asset Management Co., Ltd.,

ChinaOrient Asset Management Co., Ltd., and China Great Wall AMC;

ChinaHuarong Financial Leasing Co., Ltd.,

ChinaMinsheng Bank,

ChinaZheshang Bank,

Bank ofHangzhou,

WenzhouFinancial Assets Exchange,

ZhongShang Tian Bei Asset Management Co., Ltd.,

ShanghaiNianfang Investment Management Co., Ltd.,

HangzhouDelian Technology Co., Ltd. (Stock code: 430455),

HangzhouShuliang Technology Co., Ltd. (Stock code: 832670),

GuizhouJinzhi Network Technology Co., Ltd. (Stock code: 839703),

ZhejiangBint Thermal Technology Co., Ltd. (Stock code: 871164),

NajingTechnology Co., Ltd. (Stock code: 830933),

OTISElectric Co., Ltd. (previously the XIZI OTIS Electric Co., Ltd.),

ThyssenElevators Co., Ltd.

ZhejiangShouxin Pharmaceutical Co., Ltd.,

HangzhouMTR Co., Ltd.,

HangzhouLichun Medical Technology Co., Ltd.,

HangzhouQiushi Industrial Co., Ltd.,

HangzhouYike Information Technology Co., Ltd.,

Hangzhou Zhili Information Technology Co., Ltd..