Board of Directors

Cao Guifa, Executive Chairman (aged 54)
Cao Guifa became the chairman of the former holding company of what is now the China Shoto group in 2002 and he is a substantial shareholder in the Company. From 1979 to 1993 he served as a research fellow and then doctoral supervisor in the Chinese Academy of Sciences ("CAS"), which is a leading Chinese academic institution and comprehensive research and development centre for science and technology. Between 1988 and 1995 Mr Cao held several positions as a local consultant to the World Bank on development projects in China. He has more than 10 years of investment banking experience gained at a subsidiary of CAS, where he was general manager.

Yang Shanji, Executive Director (aged 55)
Yang Shanji has a master¡¯s degree in administration, a title of senior economist, and is the main founder and the largest shareholder in the Company. He is one of the outstanding men in the China battery industry, and is the vice director of the China Battery Industry Association and China Industrial Association of Power Sources. He has more than 26 years of senior enterprise management experience and has a strong reputation in the battery industry. Mr Yang is regularly recognised for his work in the industry, receiving titles such as National Model Labor in Light Industry and Top Ten Outstanding Men in the China Telecommunications Power Supply Industry on several occasions and Middle Age Expert with Important Contribution to the Provincial Government.

Zhou Yuezhang, Executive Director (aged 50)
From 1990 to 1995 Zhou Yuezhang was the deputy director of the Jiangyan Sealed Storage Battery Factory. Mr. Zhou is also one of the founders of the Company. He joined JS Power as deputy general manager in 1995 when it was set up. He has been the deputy general manager of the Shuangdeng Group since September 2002 when the Shuangdeng Group formally came into existence. Mr. Zhou has nearly 17 years of management experience in the storage battery industry. Mr. Zhou holds a master¡¯s degree.

Zhou Ping, Executive Director(aged 35)
Zhou Ping, 35, holds a master¡¯s degree, a title of senior economist, and has been appointed as Chief Marketing Officer. He is an economist with 14 years' experience in the battery and industrial power supply sector, twelve of which has been with China Shoto plc (Jiangsu Shuangdeng Group). Prior to his new appointment he was the Group' s Vice General Manager in charge of Marketing for nearly four years, a period in which China Shoto extended its market penetration in the power-type battery business, further developed its market in turbine technology, and expanded its manufacturing facility.

 Zhou Weigang, Executive Director (aged 46)
Zhou Weigang, 46, holds a master¡¯s degree, a title of senior economist and is an accountant. He has been appointed as Chief Finance Officer. He has 27 years' experience in senior finance roles for Chinese industrial companies. He has served China Shoto for ten years, most recently as the Group's financial controller in accounts, financial management and risk control for eight years. He was part of the team, which assisted in the listing of China Shoto on the AIM market in December 2005.

Bernard Asher, Non-executive Director (aged 72)
Bernard Asher, who resides in London, was an Executive Director of HSBC Holdings from 1986 to 1998 and Chairman of HSBC Investment Bank. In 1998 Bernard became Non¨Cexecutive Vice Chairman of Legal & General Group, Chairman of Lonrho Africa, and a Non-executive director of Morgan Sindall, IMH (formerly Seymour Pierce Group plc) and TIR Capital Protection Fund. Mr. Asher is the chairman of Liontrust, a UK based equity investment fund. Currently, Mr. Asher is a director of Debts U.K. and Medicap.

Peter Maurice Crystal, Non-executive director (aged 60)
Peter Maurice Crystal, 60, has been appointed as a non-executive director. Peter is a solicitor and has over 30 years¡¯ experience advising directors and companies whose shares are listed on the London Stock Exchange and AIM. Founder of law firm Memery Crystal, he specializes in matters relating to listed companies and advising on flotations, takeovers, mergers and all corporate finance activity. Peter is an Oxford graduate, a former Law Society Examiner, director of several companies and is a speaker on corporate finance, corporate governance and sports law issues.

Li Shuang, Non-executive Director (aged 64)