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Lifestyle Properties Development Limited (02183.HK)

Real Estate




2017 (IR)
2016 (AR)
2016 (IR)


Lifestyle Properties Development Limited (together with its subsidiaries, the "Group") is principally engaged in property development and property investment with the main objective of generating return through capital appreciation, including subsequent disposal of the properties concerned. The Group endeavours to enhance its income and the capital value of its properties through a range of different approaches after assessing the conditions of such properties at acquisition. Generally, the Group will continue to develop those properties which are under development and will renovate those completed properties to enhance their capital value further. In addition, the Group will lease the properties out when reasonable rental income can be generated from such properties. The business model of the Group is not only buying and holding properties for rental income and/or short term capital gain, but also carrying out value added work or activities to enhance the capital value of the properties before they are leased out or sold. In order to maximise the return on the properties, either in the form of capital appreciation or increased rental, management of the Company has been making active efforts throughout the years to carry out value-added work on the properties (including construction, redesign and renovation) as well as making appropriate and timely decisions for disposing of or leasing out the properties. As the Group's main objective is to achieve capital appreciation, the Group may sell its properties at various levels or stages of development, should opportunities arise. The management of the Group is of the view that, under present business and operating conditions, the Group is inclined to seek maximum return through capital gains, rather than recurring income in the form of rental.

All of the properties currently held by the Group are for commercial use or non-residential use. While it is the Company's intention to focus on this area, it also intends to look for suitable development opportunities.which may include residential elements. The Group's management team has experience in developing both commercial and residential properties.
+ More Company Profile

Mr. Lau Luen Hung, Thomas (BA, MBA) -

Mr. Lau, aged 63, joined the Company in August 2013. He is the Chairman and director of certain subsidiaries of the Company, and is also the chairman and a non-executive director of Lifestyle International, a Hong Kong listed holding company of the Group. Mr. Lau is also the chairman, chief executive officer and an executive director of Lifestyle China Group Limited, a company listed on the Stock Exchange. Mr. Lau is a member of the Chinese People’s Political Consultative Conference Shanghai Committee and a member of the board of directors of Shanghai Jiao Tong University, the PRC. Mr. Lau is the father of Mr. Lau Kam Sen.

Mr. Wong Man Hoi -

Mr. Wong, aged 58, joined the Company in August 2013. Mr. Wong is a member of the Law Society of Hong Kong and has been a qualified solicitor in Hong Kong since 1994 and was admitted to be a solicitor of England and Wales in 1995. Mr. Wong holds a Bachelor of Science degree in Engineering from The University of Hong Kong and a Bachelor of Laws degree from University of London. Mr. Wong is the senior director (legal) (not a director for purpose of the Companies Ordinance) and the company secretary of New World Development Company Limited, a company listed on the Stock Exchange.

Mr. Lam Siu Lun, Simon (BA, ACA, FTIHK) -

Mr. Lam, aged 67, joined the Company in August 2013. Mr. Lam graduated from The University of Hong Kong with a Bachelor of Arts degree. After graduation, he worked at KPMG Peat Marwick and obtained his qualification as a chartered accountant from The Institute of Chartered Accountants in England and Wales in 1979 and certified public accountant from the Hong Kong Society of Accountants (now known as the Hong Kong Institute of Certified Public Accountants) in 1980. He is also a fellow member of the Taxation Institute of Hong Kong. Mr. Lam has been a practicing accountant for over 25 years and is the proprietor of Messrs. S.L. Lam & Company, a firm of certified public accountants. He has served as a member of the Insider Dealing Tribunal on a number of occasions. He is an independent nonexecutive director of Lifestyle International (the holding company of the Group) and Le Saunda Holdings Limited, both companies listed on the Stock Exchange.

Mr. Robert Charles Nicholson -

Mr. Nicholson, aged 61, joined the Company in August 2013. Mr. Nicholson is a graduate of University of Kent with a Bachelor of Arts degree in 1976, qualified as a solicitor in England and Wales and in Hong Kong in 1980 and 1982 respectively. Mr. Nicholson is currently an executive director of First Pacific Company Limited (“First Pacific”) and an independent non-executive director of Pacific Basin Shipping Limited, both companies listed on the Stock Exchange. He is also the executive chairman of Forum Energy Limited (formerly known as Forum Energy Plc), the chairman of Goodman Fielder Pty Limited (formerly known as Goodman Fielder Limited), a commissioner of PT Indofood Sukses Makmur Tbk (listed on the Indonesia Stock Exchange), and a director of Metro Pacific Investments Corporation, Philex Mining Corporation, PXP Energy Corporation (formerly known as Philex Petroleum Corporation) (all of which are listed on the Philippine Stock Exchange) and PacificLight Power Pte. Ltd., all of which are subsidiaries, associates or joint venture of First Pacific.

Mr. Wong Kun Kau -

Mr. Wong, aged 56, joined the Company in August 2013. Mr. Wong has more than 21 years of experience in investment banking and corporate finance. He is the founder and the managing partner of Bull Capital Partners Ltd., a fund management company specializing in direct investment in the greater China region. Mr. Wong holds a Bachelor of Social Science degree from The University of Hong Kong. He worked in the Peregrine Group from 1992 to 1998 and held senior position in BNP Paribas Capital (Asia Pacific) Limited (“BNP Paribas Capital”) from 1998 to 2007. His last position with BNP Paribas Capital was the head of investment banking, Asia and the head of corporate finance in corporate finance — management department. Mr. Wong is also an independent non-executive director of West China Cement Limited, China Shengmu Organic Milk Limited and REF Holdings Limited (all companies listed on the Stock Exchange).
+ More Board of Directors
Audit Committee

Mr. Lam Siu Lun, Simon (Chairman)
Mr. Robert Charles Nicholson
Mr. Wong Kun Kau

Remuneration Committee

Mr. Lam Siu Lun, Simon (Chairman)
Mr. Robert Charles Nicholson
Mr. Wong Kun Kau

Nomination Committee

Mr. Lau Luen Hung, Thomas (Chairman)
Mr. Wong Man Hoi
Mr. Lam Siu Lun, Simon
Mr. Robert Charles Nicholson
Mr. Wong Kun Kau

Memorandum and Articles of Association


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Listed Date 24 Feb 2014

Address 20th Floor, East Point Centre, 555 Hennessy Road,
Causeway Bay, Hong Kong

Telephone (852) 2833-8338

Facsimile (852) 2838-2030

Email info@lsppty.com.hk

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