Corporate Governance

Board of Directors

Cai Wensheng

Executive Director and Chairman

Mr. Cai Wensheng is a founder, executive Director and the Chairman of the Meitu group. He also serves as a director of Meitu Holdings and Meipai Ltd and is responsible for all strategic planning and business direction of the group. Mr. Cai is a serial entrepreneur and renowned investor in China’s booming Internet and Technology industry. In August, 2004 he established 265.com, Inc., an internet navigation service provider. He served as its chair between 2004 and 2008 and was responsible for the company’s overall strategic development. Since the sale of 265 to Google in 2007, Mr. Cai has become a key figure in China’s Internet start-up community. His major investments include a number of tech start-ups in the PRC and bare renowned names like Baofeng Group (SZSE: 300431), Feiyu Technology International (HKEX: 1022), and 58.com (NYSE: WUBA), where he also served as a director from May, 2011 to November, 2015. From January 2009 to October, 2013 he served as founder and Chair of Longling Capital. He has also served as chair and chief strategist of 4399 Network Company, a software enterprise that provides Internet gaming applications and information services. Cai currently holds directorships at Xiamen Fei Bo Network Technology (NEEQ: 834617), and TTG Fintech Limited (ASX Ticker: TUP ). Cai Wenshang graduated from Shi Guang High School in Shishi city, Fujian Province, People’s Republic of China in July 1984. In 2015 he was appointed as a part-time professor of the Xiamen University School of Management .

Wu Zeyuan (also known as Wu Xinhong)

Executive Director and Chief Executive Officer

Mr. Wu Zeyuan (also known as Mr. Wu Xinhong) is a founder, executive director and the Chief Executive Officer of the Meitu Group . He also serves as a director of Meitu Investment, Meitu HK, Meipai Global, Meitu Mobile, Meitu Networks and Meitu Home. Mr. Wu has been involved in China’s Internet industry since 2000 when he helped run of a domain name registration business during his senior year of high school. In 2008 he began researching photo-editing software, developing and launching one popular product after another. Two of his most notable ventures include 520.com, and Martian Translator: a program to convert ordinary language into netspeak consisting of unconventional Chinese characters. Mr. Wu received his high school diploma from Quanzhou No. 1 High School in Quanzhou, Fujian Province, People’s Republic of China in July 2001.

Guo Yihong

Non-executive Director

Dr. Guo Yihong is a non-executive Director and a member of the Audit Committee of the Meitu Group. Dr. Guo adds years of experience in the financial and high tech sectors to the Meitu Group. His experience in finance includes previous employment with Soros Fund Management LLC, and serving as a partner at IDG Capital Investment Consultancy (Beijing) since 2006. His tech industry experience includes serving as a director of Xiamen Gigabit Network Technology, Next Games Oy, Cassia Networks, and Ripple Labs, and is a board observer at Farfetch.com. He also serves as a director at the restaurant services group China Quanjude (SZSE: 002186). Dr. Guo is a partner of IDG-Accel China Growth Fund III L.P., one of our Pre-IPO Investors and a shareholder of Meitu Inc. Dr. Guo received a bachelor’s degree in applied chemistry from the Shanghai Jiaotong University in 1985, a Ph.D. from the University of Massachusetts at Amherst in 1991, and an MBA from Columbia Business School in 1997.

Lee Kai-Fu

Non-executive Director

Dr. Lee Kai-Fu was appointed as a non-executive Director of the Meitu Group in August, 2016 and is a member of the Remuneration Committee. Dr. Lee brings years of successful experience at some of the world’s leading tech companies to the Meitu Group. From 1988 to 1990, Dr. Lee worked at Carnegie Mellon University, where he served as Assistant Professor. Between 1990 and 1996, Dr. Lee worked at Apple (NASDAQ: AAPL), and became a Vice-President of the company in 1995. Dr. Lee served as a Vice President at Microsoft (NASDAQ: MSFT) where he played a key role in establishing the Microsoft Research Division. From 2005 to 2009 he served as President of Google China (NASDAQ: GOOGL), where he helped establish the company’s operations in the Chinese market, was responsible for launching the Google China R&D Center, and oversaw the overall growth of the company . Dr. Lee has served as chair of Innovation Works (Beijing) Enterprise Management Co., Ltd. (NEEQ: 835966) since 2009. He also holds independent, non-executive director positions at Shangri-La Asia Limited (HKEX: 0069), Hon Hai Precision Industry (TWSE: 2317), and LightinTheBox Holding Company (NYSE: LITB). He is a founder and managing partner of Innovation Works Development Fund L.P., one of our pre-IPO investors, and is a current shareholder of Meitu Inc . Dr. Lee received his bachelor of arts degree in Computer Science from Columbia University in May, 1983. He completed his Ph.D. in Computer Science at Carnegie Mellon University in 1988 .

Zhou Hao

Independent Non-executive Director

Mr. Zhou Hao has been appointed as an independent non-executive Director of Meitu, serves as chair of the Audit Committee, and is member of the Nomination Committee with effect from Listing. Mr. Zhou brings superb professional accounting and related financial management expertise to Meitu. As required by Rule 3.10(2) of the Listing Rules, his experience listed below: • Financial Manager at General Electric (China) Co., Ltd. in January 2007 • Vice President of Finance and Chief Financial Officer at Wuxi PharmaTech (Cayman) Inc., (NYSE: WX) from May 2009 to September 2010 • Chief Financial Officer at CITIC Pharmaceutical Co Ltd, a pharmaceutical service provider that supplies medicine and related consumables to hospitals, beginning in September, 2010. • Chief Financial Officer of 58.com Inc., (NYSE: WUBA), a company that operates online an marketplace serving local merchants and consumers in China since May, 2011. Mr. Zhou received his bachelor’s degree from Shanghai International Studies University in July 1998.

Lai Xiaoling

Independent Non-executive Director

Mr. Lai has been appointed as an INED, the chairman of the Remuneration Committee and a member of the Audit Committee on January 1, 2019. Mr. Lai has over 14 years of experience in investment and business management. Since January 2018, Mr. Lai has been a partner of Beijing Shunwei Capital Investment and Consulting Company Limited , primarily responsible for investment strategy, team formation and management and portfolio management; from June 2013 to December 2017, he was a partner of Innovation Work (Beijing) Investment Management and Consulting Company Limited, primarily responsible for investment strategy, personnel recruitment and training and portfolio management; from June 2012 to April 2013, he worked as the Investment Director for Chengwei Investment Advisory (Shanghai) Company Limited; from October 2007 to February 2012, he worked as the Investment Manager and Vice President for Morningside TMT (Shanghai) Limited, primarily responsible for deal sourcing, execution and portfolio management. Mr. Lai obtained a bachelor’s degree in engineering physics from Tsinghua University in July 1999, and a master’s degree in business administration from The Chinese University of Hong Kong in December 2007. Mr. Lai has also been an independent non-executive director of Feiyu Technology International Company Ltd. (stock code: 1022) since November 2014. Other than that, over the past three years, Mr. Lai did not hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas.

Zhang Ming (also known as Mr. Wen Chu)

Independent Non-executive Director

Mr. Zhang has been appointed as an INED, a member of the Remuneration Committee and a member of the Nomination Committee on January 1, 2019. Mr. Zhang is the founder, chairman and chief executive officer (“CEO”) of Great Wall Club, a platform to provide professional services to entrepreneurs, developers and investors to strengthen their connection with other mobile Internet industry leaders and grow their businesses worldwide. He is also a prominent cross-border angel investor and the founder of GASA University, a university dedicated to becoming an elite educational program for successful entrepreneurs who seek to enhance their scientific logic and scientific literacy. Mr. Zhang founded Clickcom in 2003, and was the CEO at Clickcom from March 2003 to December 2004. Clickcom was acquired by a Nasdaq-listed company in 2004. He also founded Moabc in 2005 and was the CEO at Moabc from March 2005 to October 2007, during which he led Moabc to become a leading mobile community with over 10 million users. Mr. Zhang is the author of ‘Bu Dong’ – a journal of his journey of building businesses around the world as an entrepreneur. His investment portfolio includes XPeng Motors, Lychee.FM, and Bijixia. Mr. Zhang received a diploma in Chinese literature from Jiangsu Changzhou Normal College in July 1998. Over the past three years, Mr. Zhang did not hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas.