Chairman of Audit Committee
Chairman of Remuneration and Nomination Committee
Chief Financial Officer/ Company Secretary
Independent Non-Executive Director
Dr. Cheng, aged 70, was appointed as a non-executive Director and the chairman of the Company on 23 May 2012.
He is currently the chairman and executive director of NWD (stock code: 17), NWS (stock code: 659), International Entertainment Corporation (stock code: 1009) and Chow Tai Fook Jewellery Group Limited (stock code: 1929), the chairman and non-executive director of New World Department Store China Limited (stock code: 825) and FSE Engineering Holdings Limited (stock code: 331), an independent non-executive director of HKR International Limited (stock code: 480) and Hang Seng Bank Limited (stock code: 11), a non-executive director of SJM Holdings Limited (stock code: 880). He is the chairman and managing director of New World China Land Limited (stock code: 917), a listed public company in Hong Kong until its delisting on 4 August 2016. Dr. Cheng is a director of Cheng Yu Tung Family (Holdings) Limited, Cheng Yu Tung Family (Holdings II) Limited, Chow Tai Fook Capital Limited, Chow Tai Fook (Holding) Limited, Chow Tai Fook Enterprises Limited and Mombasa Limited, all of them as well as NWD and NWS are substantial shareholders of the Company. He is also the chairman of New World Hotels (Holdings) Limited. Moreover, he was a non-executive director of Lifestyle International Holdings Limited (stock code: 1212), up to his retirement on 4 May 2015.
He is the chairman of the Advisory Council for The Better Hong Kong Foundation and a standing committee member of the Twelfth Chinese People’s Political Consultative Conference of the PRC. In 2001, Dr. Cheng was awarded a Gold Bauhinia Star by the Government of the HKSAR.
Mr. Wu, aged 56, was appointed as a non-executive Director on 21 May 2015. He is currently the chairman of the investment committee of the Company and a director of several PRC subsidiaries of the Company. Mr. Wu is also an executive director and the chief executive officer of Greenheart Group Limited (stock code: 94) and an independent non-executive director of Qianhai Health Holdings Limited (formerly known as Hang Fat Ginseng Holdings Company Limited) (stock code: 911).
Mr. Wu was previously an independent non-executive Director, a member of each of the audit committee, the remuneration committee and the nomination committee of the Company, up to his retirement at the conclusion of the 2015 AGM.
He graduated from the University of Hong Kong with a Bachelor’s degree in social sciences in 1985.
Mr. Wu has over 20 years of experience in investing and business operations in Asia. Since 2003, Mr. Wu has been a director of First Gateway Capital Limited which engages in early stage investment, and investment advisory services to small and medium enterprises in Asia, with a focus in transportation, resource, manufacturing, technology and telecommunication companies. From 1985 to 2002, Mr. Wu served various management positions in Hong Kong Trade Development Council, the Hong Kong office of Quanta Industries Ltd., Sino-Wood Partners, Limited and had been a director of Sino Automotive Parts Limited. Between 2003 and 2006, Mr. Wu was the Economic Advisor of Weifang Municipal Overseas Investment Promotion Bureau, Shandong Province, the PRC.
Mr. Li, aged 70, was appointed as an executive Director and the chief operating officer of the Company on 1 March 2014. He is currently the chairman of the board of directors and legal representative of several PRC subsidiaries of the Company. He is responsible for the overall operation management and strategic development of the Group, and oversee the management, operation, sales and business development of the Yanjiazhuang Mine.
Mr. Li was professionally accredited economist by the Personnel Department of Henan Province (河南省人事廳) in 1992, and graduated from the China University of Petroleum with a major in business administration in 2006.
Mr. Li has over 20 years of experience in business operations, project management and mergers and acquisitions. From 1964 to 1992, he held various management positions in China ShenMa Group and numerous enterprises. From 1992 to 1999, he worked in the subsidiaries of the Ministry of Textile Industry and China General Chamber of Textile (中國紡織工業部及中國紡織總會), and participated in mergers and acquisitions, restructuring, establishment and management of corporations. From 2002 to 2008, he held various positions, including director and vice president of China Printed Circuit Association, mainly responsible for its policy study and industry development advisory.
Mr. Li was appointed as the vice-chairman of the China Chamber of International Commerce Guangzhou Chamber of Commerce in 2004. From 2006 to 2011, he was appointed as a member of the Eighth Guangzhou Baiyun District Committee of the Chinese People’s Political Consultative Conference of the People’s Republic of China.
Mr. Tsui, aged 67, was appointed as an independent non-executive Director on 15 December 2010 and is the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee of the Company.
He currently holds positions in the following companies:—
|Name of company||Title|
|Lippo Limited (stock code: 226)||Independent non-executive director|
|Lippo China Resources Limited (stock code: 156)||Independent non-executive director|
|Hongkong Chinese Limited (stock code: 655)||Independent non-executive director|
|China Aoyuan Property Group Limited (stock code: 3883)||Independent non-executive director|
|Vinda International Holdings Limited (stock code: 3331)||Independent non-executive director|
Moreover, Mr. Tsui was a director and senior consultant of WAG Worldsec Corporate Finance Limited up to his resignation on 30 June 2016.
Mr. Tsui graduated from the University of Houston with a Master of Science in Accountancy degree and a Bachelor of Business Administration degree with first class honors awarded in 1974 and 1973 respectively.
Mr. Tsui is a fellow member of the Hong Kong Institute of Certified Public Accountants and a member of each of the Chartered Accountants Australia and New Zealand, and the American Institute of Certified Public Accountants. He has extensive experience in accounting, finance and investment management, particularly in investments in China. Mr. Tsui had worked for two of the “Big Four” audit firms in Hong Kong and the United States of America.
Mr. Lee, aged 51, was appointed as an independent non-executive Director on 15 December 2010 and is the chairman of each of the Remuneration Committee and the Nomination Committee and a member of the Audit Committee of the Company respectively. Currently, he is a consultant of Howse Williams Bowers.
He currently also holds positions in the following listed companies:—
|Name of company||Title|
|Embry Holdings Limited (stock code: 1388)||Independent non-executive director|
NetDragon Websoft Holdings Limited (stock code: 777)
(formerly known as NetDragon Websoft Inc.)
|Independent non-executive director|
|Asia Cassava Resources Holdings Limited (stock code: 841)||Independent non-executive director|
|Futong Technology Development Holdings Limited (stock code: 465)||Independent non-executive director|
|Tenfu (Cayman) Holdings Company Limited (stock code: 6868)||Independent non-executive director|
|China BlueChemical Ltd. (stock code: 3983)||Independent non-executive director|
|Landsea Green Properties Co., Ltd. (stock code: 106)||Independent non-executive director|
|Red Star Macalline Group Corporation Ltd. (stock code:1528)||Independent non-executive director|
|FSE Engineering Holdings Limited (stock Code: 331)||Independent non-executive director|
|Ten Pao Group Holdings Limited (stock Code: 1979)||Independent non-executive director|
|China Goldjoy Group Limited (stock code:1282)||Independent non-executive director|
Moreover, he was an independent non-executive director of Yuexiu REIT Asset Management Limited (stock code: 405), Far East Holdings International Limited (stock code: 36) and Walker Group Holdings Limited (stock code: 1386), up to his resignation on 7 October 2014, 12 November 2014 and 1 April 2016 respectively.
Mr. Lee holds a Bachelor of Laws (Honours) degree and Postgraduate Certificate in Laws from the University of Hong Kong. He was admitted as a solicitor in Hong Kong and the United Kingdom and is a practising lawyer. Between 1993 and 1994, Mr. Lee was a senior manager in the Listing Division of the Stock Exchange. Mr. Lee was a partner of Woo Kwan Lee & Lo between 2001 to 2011.
Mr. Luk, aged 41, was appointed as an executive Director and the chief financial officer of the Company on 1 April 2015 and is a member of the Investment Committee of the Company. He joined the Company in March 2011 as the financial controller. In November 2011, he assumed the additional role of company secretary of the Company. He oversees the treasury management, financial reporting, company secretarial, human resources, risk management, mergers and acquisitions and investor relations matters of the Company. He is also a director and company secretary of various subsidiaries of the Company.
Mr. Luk holds an Executive MBA degree from Richard Ivey School of Business at The University of Western Ontario in Canada and a Bachelor’s degree in Accountancy from the Hong Kong Polytechnic University. He is a fellow member of the Hong Kong Institute of Certified Public Accountants, and an associate and a Certified Tax Advisor of the Taxation Institute of Hong Kong. Mr. Luk has over 19 years’ experience in auditing, accounting and financial management.
Mr. Shin, aged 48, was appointed as an independent non-executive Director on 14 August 2015 and is a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company.
He is currently the chief executive officer of Zhaobangji International Capital Limited, which is engaged in investment business, an independent non-executive director of Lisi Group (Holdings) Limited (stock code: 526), China Shun Ke Long Holdings Limited (stock code: 974), Goldenmars Technology Holdings Limited (stock code: 3638) and a non-executive director of Pak Tak International Limited (stock code: 2668). He was the deputy chief executive officer of CMB International Capital Limited from February 2010 to July 2015. Mr. Shin has over 26 years of experience in investment banking and financial management. Prior to joining CMB International Capital Limited, he worked in several investment banks in Hong Kong.
Mr. Shin was an independent non-executive director of Little Sheep Group Limited (stock code: 968), a listed public company in Hong Kong until its delisting in February 2012, up to his resignation in February 2012. Moreover, Mr. Shin was appointed as a non-executive director of Qianhai Health Holdings Limited (formerly known as Hang Fat Ginseng Holdings Company Limited)(stock code: 911) on 6 January 2016 and resigned on 3 February 2016.
Mr. Shin graduated from the University of Birmingham in England with a Bachelor’s degree in commerce. After graduation, he worked in the audit department of Deloitte Touche Tohmatsu. He had also worked in a listed company in Hong Kong as group financial controller. He is a fellow member of Hong Kong Institute of Certified Public Accountants, The Association of Chartered Certified Accountants, The Institute of Chartered Secretaries and Administrators and The Hong Kong Institute of Chartered Secretaries.
Our Directors are responsible for monitoring our internal control system and for reviewing its effectiveness. In accordance with applicable PRC and Hong Kong laws and regulations, we have implemented internal procedures with a view to establish and maintain our internal control system, including monitoring of material mining, production and operational processes, the establishment of risk management policies and procedures and compliance with local laws and regulations in both domestic and international markets, if applicable.
We commit the obligations to act in the best interests of our Company and our shareholders as a whole. Our Board should include a balanced composition of Executive and Non-executive Directors (including Independent Non-executive Directors) and of a diverse mix appropriate for the business of the Company and its subsidiaries. We have appointed three Independent Non-executive Directors who represent one-third of the Board of Directors. We believe that they are of sufficient caliber, free of any business or other relationship which could interfere in any material manner with the exercise of their independent judgment and able to provide an impartial, external opinion to protect the interests of our public shareholders. We will observe that any proposed transaction between us and connected persons will comply with Chapter 14A of the Listing Rules including, where applicable, the announcement, reporting and independent shareholders’ approval requirements of those rules.
Listed Date 04 Jul 2011
Room 1505, 15/F,
New World Tower,
16-18 Queen’s Road Central,
Telephone (852) 2521-8168
Facsimile (852) 2521-8117