Mr Shao has served in a non-executive role in NTN and Citylong since acquiring them in 2013.
His professional background is in banking, and trading steel metal and chemical materials. Having established his own company, Hontrust Steel Co. Ltd in 2009, he traded steel metal and than, in 2011, with the establishment of Ningbo Qian Hao, trading chemical materials and steel products.
Previous to this he worked for over a decade, specialising in credit roles, with Rural Credit Cooperative in Ningbo and China Merchants Bank.
Mr Shao holds a Master’s of Business Administration from East China University of Science and Technology (2004) as well as degrees in Education and Fine Arts from Ningbo University (1999).