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Mr. Peng has served as chairman of the Board since January 10, 2011 and as chief executive officer since March 25, 2016. Mr. Peng is the chairman of our Compensation Committee and the chairman of our Nominating and Corporate Governance Committee. Mr. Peng was appointed chairman of the Board due to the Stock Purchase Agreement entered between SPI and LDK on January 5, 2011. Mr. Peng founded LDK in July 2005 and was its chairman of the board and chief executive officer. Prior to LDK, Mr. Peng founded Suzhou Liouxin Co., Ltd., or Suzhou Liouxin, in March 1997 and was its chief executive officer until February 2006. Mr. Peng graduated from Jiangxi Foreign Trade School in 1993 with a Bachelor’s in International Business from Beijing University Guanghua School of Management with an executive MBA degree in 2002.