Mr Wu graduated at the University of Political Science in China with a Bachelor of Law Degree. He obtained an EMBA degree at Peking University, Economic Faculty and CEIBS MBA School after graduation. He was a professional lawyer during 1989 to 1991 and founded Zhejiang Rifa Textile Machinary Co Ltd in 1993. In 1999 he founded Zhejiang Rifa Precision Machinery Co Ltd and it is currently listed on the Shenzheng Exchange. Mr Wu founded Zhejiang Rifa Holding Group Co Ltd in 2002 and is the current Chairman of the Board of Directors and CEO.