


Group 1 - The independent director system has become an important part of corporate governance in China's listed companies, enhancing decision-making and protecting the rights of minority investors [1] - Liu Qiao serves as an independent director for two A-share listed companies, China Merchants Bank and Midea Group, with total remuneration of 725,000 yuan [1] - During his tenure, Liu Qiao attended all board meetings and shareholder meetings, voting in favor of all proposals without raising any objections [1] Group 2 - Liu Qiao holds a bachelor's degree in applied mathematics from Renmin University of China, a master's degree in economics from the People's Bank of China Research Institute, and a Ph.D. in economics from UCLA [2] - He has held various academic and advisory positions, including being the dean of Peking University's Guanghua School of Management and serving on several committees related to finance and economics [2]