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  • Hang Seng Index
  • 28,848.11

  • -318.27 (-1.09%)
HSCI 11,365.9 -165.8
HKSPLC25 37,519.2 -425.2
HKSPGEM 257.7 -1.5
HSCEI 11,365.9 -165.8
HSCCI 4,239.0 -61.5
HSFML25 10,113.0 -155.4
H-FIN 18,271.6 -264.8
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Wai Chi Holdings Company Limited (01305.HK)

Electronics

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2017 (IR)
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PRESENTATIONSmore

WAICHI was established in 1984, as a national-grade manufacturer and product developer in the LED Market. The current production facilities cover over 110,000 square feet and utilizes about 4,000 employees. As one of the original pioneers in the LED industry, WAICHI has over one hundred senior engineers and technical personnels. We continue to exploit advanced technology and to design excellent quality products. Our products have already successfully gained around 30 domestic and foreign patents. With our mission to improve LED lifetime, stability and cost, our R&D team in 2012 has begun to apply high voltage (HV) LED chip to our new generation of LED Lighhting products, in composite to IC driver. In 2013, WAICHI is set to vigorously promote HV LED chip and IC driver product series. We firmly believe that this innovation will usher a new era of LED. At present, WAICHI LED product lines include backlight units for smartphones, tablets , automobiles industrial machineries and televisions, indoor and outdoor lighting products that cover commercial, industrial and street lights. To faster and better meet clients and market requirement, our company invested several millions to establish the LED Bulb and Tube automatic production line, and gradually put into use. Headquartered in Hong Kong, WAICHI provides after-sales service coverage throughout Southern, and Northern parts of China. WAICHI has more than thousands of LED indoor and outdoor Lighting and LED Backlight products exporting globally to United States, Germany, United Kingdom, Japan, Korea and so on. Moreover, WAICHI has various strategic partners, such as FOREPI and TCL. Our products are recognized by customers globally. Products comply with the standards of different countries, such as UL, CE, CQC, CB, KC and ROHS certificates. Good management and quality system ensures WAICHI would provide excellent products and services to our customers, to better serve and to feedback our society. Under our statement to “Bring Light to Life”, WAICHI’s culture is committed to bringing exquisite technology, legitimate pricing, and best quality service in leading the global lighting industry.
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We will follow the principle of good corporate governance as set out in the Corporate Governance Code under Appendix 14 to the Listing Rules (the “Code”) and the recommended best practices therein.

Wai Chi’s Board of Directors is responsible and has general powers for the management and conduct of its business. The Board comprises of 8 Directors comprising 5 executive Directors and 3 independent non-executive Directors.

The company has established an Audit, Remuneration, Nomination and Risk Management Committee. The committees operate in accordance with terms of reference established by our Board of Directors.

 
Audit Committee

Our Company established an audit committee on 27 October 2014 by a resolution of ourBoard passed on 27 October 2014 with written terms of reference in compliance with Rules3.21 and 3.22 of the Listing Rules. The audit committee comprises three independentnon-executive Directors: Au Yeung Tin Wah, Chen Kwok Wang and Ho Chi Wai. Au Yeung Tin Wah was appointed to serve as the Chairman of the audit committee. Our Board has adopted, for our audit committee, the written terms of reference in compliance with sub-paragraph C.3 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules. The primary duties of the audit committee are mainly to make recommendations to the Board on the appointment and removal of external auditor,review and supervise the financial reporting process and internal control procedure of our Company.

 
Nomination Committee

Our Company established a nomination committee on 27 October 2014 by a resolution of our Board passed on 27 October 2014. The nomination committee comprises three independent non-executive Directors: Chen Kwok Wang, Ho Chi Wai and Au Yeung Tin Wah. Chen Kwok Wang was appointed to serve as the Chairman of the nomination committee. We have adopted, for our nomination committee, the written terms of reference in accordance with sub-paragraph A.5 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules. The primary duties of the nomination committee include, among other things, reviewing the structure, size and composition of our Board at least annually and making recommendations on any proposed changes to our Board to complement the Company’s corporate strategy, identifying individuals suitably qualified to become members of our Board and selecting or making recommendations to our Board on the selection of individuals nominated for directorships, assessing the independence of our independent non-executive Directors and making recommendations to our Board on the appointment or re-appointment of directors.

 
Remuneration Committee

Our Company established a remuneration committee on 27 October 2014 by are solution of our Board passed on 27 October 2014. The remuneration committee comprises three independent non-executive Directors: Ho Chi Wai, Au Yeung Tin Wah and Chen Kwok Wang. Ho Chi Wai was appointed to serve as the Chairman of the remuneration committee. Our Board has adopted, for our remuneration committee, the written terms of reference in accordance with sub-paragraph B.1 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules. The primary function of the remuneration committee is, among other things, to make recommendations to our Board on our Company’s policy and structure for all Directors’ and senior management’s remuneration and on the establishment of a formal and transparent procedure for developing remuneration policy, to review and approve the management’s remuneration proposals with reference to our Board’s corporate goals and objectives, to make recommendations to our Board on the remuneration of non-executive directors, and to ensure that no Director or any of his associates is involved in deciding his own remuneration.

 
Risk Management Committee

Our Company established a risk management committee on 28 August 2015 by a resolution of our Board passed on 21 August 2015. The risk management committee comprises three members including Chen Chung Po (Chief Executive Officer), Cheung Wai Hung (Chief Financial Officer) and Chen Kwok Wang (independent non-executive director). Chen Chung Po was appointed to serve as the Chairman of the risk management committee. The primary duties of the risk management committee are mainly to assist the Board in providing leadership, direction, and oversight with regard to the Group’s overall risk appetite and tolerance and risk management framework, including risk policies and process and controls.

 
Background information of senior management
 
Background information of member
 
Line of Communication
 
Memorandum of Association
 
Articles of Association
 
List of Directors and their roles and functions
 
Procedures for election of directors
 

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COMPANY INFORMATION

Listed Date 18 Nov 2014

Address 6/F, Liven House, 63 King Yip Street, Kwun Tong, Kowloon, Hong Kong

Telephone (852) 3760-2888

Facsimile (852) 2341-8144

Email barry.cheung@waichi.com

No. of Click Rate

87562