24 Oct 2017,
  • HSI:
    28,230.16 -75.72 (-0.27%)
    HSCI:
    11,450.05 -41.02 (-0.36%)
    HKSPLC25:
    36,193.18 -135.05 (-0.37%)
    HKSPGEM:
    277.35 0.10 (0.04%)
  • HSCEI:
    11,450.05 -41.02 (-0.36%)
    HSCCI:
    4,382.36 -11.81 (-0.27%)
    HSFML25:
    9,942.12 -20.22 (-0.20%)
    H-FIN:
    18,452.38 -40.18 (-0.22%)
  • Hang Seng Index
  • 28,233.16

  • -72.72 (-0.26%)
HSCI 11,450.1 -41.0
HKSPLC25 36,193.2 -135.1
HKSPGEM 277.4 0.1
HSCEI 11,450.1 -41.0
HSCCI 4,382.4 -11.8
HSFML25 9,942.1 -20.2
H-FIN 18,452.4 -40.2
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Hong Kong Resources Holdings Company Limited (02882.HK)

Retailing

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FINANCIAL REPORTSmore

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

PRESENTATIONSmore

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Hong Kong Resources Holdings Company Limited (“HKRH”; 2882.hk) is principally engaged in retailing, through self-operated points of sale as well as franchising of gold and jewellery products in Hong Kong, Macau and other regions (“Mainland China”) in the People’s Republic of China (the “PRC”).

The Group aims at growing into a jewellery retailer of scale, and at developing brands with international recognition in Greater China, East Asia and beyond. They continue to seek products of precious metals and stones; distribution channels, both brick-and-mortar and e-commerce; as well as partners with strategic fit for franchising or alliance...
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Mr. Xu Xiaoping - Independent Non-Executive Director

Mr. Xu Xiaoping was appointed as an Independent Non-executive Director on 31 May 2017. Mr. Xu is an experienced management personnel. Mr. Xu started his career in 1989 and has served in 深華貿易有限公司 (Shen Hua Trading Limited) and 天奇電子有限公司 (Tian Qi Electrons Limited), which were companies carrying on the business of online banking services in the PRC. Mr. Xu has also acted as the chairman of the board of directors of 深圳市奔翔物流有限公司 (Shenzhen Ben Xiang Logistics Limited), a company carrying on the business of air cargo services in the PRC. Mr. Xu is currently the investor of 嘉興友夲投資合夥企業 (Jia Xing You Ben Investment Partnership), which is engaged in the venture capital business. Mr. Xu is an independent non-executive director of Prosten Health Holdings Limited (stock code: 8026), a company listed on the Growth Enterprise Market of the Stock Exchange. He was a non-executive director of PPS International (Holdings) Limited (stock code: 8201), a company listed on the Growth Enterprise Market of the Stock Exchange, from 22 October 2015 to 3 July 2016.

Mr. LAM Kwok Hing, Wilfred - Executive Director

Mr. Lam Kwok Hing, Wilfred, J.P., joined the Company as Director of Business Operations (China) and as Group Vice President of 3D-GOLD Jewellery Group on 1 April 2009. Mr. Lam was appointed as an Executive Director and Group Vice President on 17 August 2011, re-designated as a Non-executive Director on 1 July 2015 and then re-designated again as an Executive Director on 12 April 2017. Mr. Lam holds a bachelor degree in Law with honours from the University of Hong Kong.

Mr. Lam is the chairman and executive director of Chinese Strategic Holdings Limited (Stock Code: 8089) and the non-executive director of The Hong Kong Building and Loan Agency Limited (Stock Code: 145). Mr. Lam was the chairman and executive director of Lamtex Holdings Limited (formerly known as China New Energy Power Group Limited) (Stock Code: 1041) from 16 June 2015 to 13 March 2016. Mr. Lam was an independent non-executive director of PME Group Limited (Stock Code: 379) from 14 April 2011 to 30 December 2014. Mr. Lam was a director (appointed as an independent non-executive director on 13 May 2009, re-designated to a non-executive director on 3 February 2010, appointed as a non-executive vice-chairman on 5 August 2010 and resigned on 11 July 2014) of National Arts Entertainment and Culture Group Limited (Stock Code: 8228) from 13 May 2009 to 11 July 2014. Mr. Lam was an independent non-executive director of Value Convergence Holdings Limited (Stock Code: 821) from 4 January 2010 to 30 May 2013. All of these companies are listed on the Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
 

Mr. Wu Xiaolin - Executive Director

Mr. Wu Xiaolin was appointed as an Executive Director on 31 May 2017. Mr. Wu graduated from Huaibei Normal University with a bachelor of science degree in information and computer science. Mr. Wu is currently the general manager of 深圳市茂商會小額貸款有限公司. Mr. Wu is an executive director and the chief executive officer of Lamtex Holdings Limited (stock code: 1041), a company listed on the main board of the Stock Exchange. Mr. Wu was an executive director and deputy chairman of Mega Medical Technology Limited (stock code: 876), a company listed on the main board of the Stock Exchange, from 20 June 2014 to 21 February 2017.

Mr. Zhao Jianguo - Executive Director

Mr. Zhao Jianguo was appointed as an Executive Director on 31 May 2017. Mr. Zhao holds a bachelor degree in civil engineering from Shijiazhuang Railway Institute and a master degree in finance from University of International Business and Economics, China. Mr. Zhao worked for China Minmetals Corporation from 2006 to 2016, and has served as the manager of planning department and investment department of China National Metal Products Co., Ltd. and, from 2013 to 2016, the deputy general manager of China National Metal Hong Kong Corporation Limited. Mr. Zhao is currently the general manager of equity investment department and the deputy general manager of Kerui Jinrong Limited.

Ms. Dai Wei - Executive Director

Ms. Dai Wei was appointed as an Executive Director on 31 May 2017. Ms. Dai holds a double master degree in statistics, finance and actuary from Catholic University of Louvain, Belgium. Ms. Dai has worked for ING Bank and China Sonangol International Limited. Ms. Dai was the chief financial officer of Titan Petrochemicals Group Limited (stock code: 1192), a company listed on the main board of the Stock Exchange. Ms. Dai has been assigned key positions in a number of cross border merger and acquisition and investment projects in gas, oil and mining.

Mr. Cheung Pak To, Patrick - Non-executive Director

Mr. Cheung Pak To, Patrick, BBS, joined the Company as a Group Director of Administration on 1 June 2009. Mr. Cheung was appointed as an Executive Director on 15 November 2012 and re-designated as a Non-executive Director on 1 July 2015. Mr. Cheung holds a master’s degree in public administration from the University of Hong Kong of which he is a distinguished alumnus. Mr. Cheung’s extensive administrative management and discipline enforcement experience was gained during his 21 years as a UK Government civilian officer employed in Hong Kong up to 1989 and subsequently during his 20 years with the Securities and Futures Commission Hong Kong. On the social and community responsibilities front, Mr. Cheung was a devoted volunteer officer in the Hong Kong Civil Aid Service for 30 years during which he was appointed as honorary Aide-de-Camp to Governors Lord Wilson and Mr. Christopher Patten; and Chief Executive Mr. Tung chee-hwa for 10 consecutive years from 1990 to 1999. Mr. Cheung achieved the rank of Assistant Commissioner in the Hong Kong Civil Aid Service and was awarded the Bronze Bauhinia Star by the HKSAR in 2003. Mr. Cheung is an independent non-executive director of National Agricultural Holdings Limited (Stock Code: 1236), a company listed on the main board of the Stock Exchange.
 

Dr. Loke Yu alias Loke Hoi Lam - Independent Non-Executive Director

Dr. Loke Yu alias Loke Hoi Lam was appointed as an Independent Non-executive Director on 31 May 2017. Dr. Loke has over 40 years of experience in accounting and auditing for private and public companies, financial consultancy and corporate management. He holds a master of business administration degree from Universiti Teknologi Malaysia and a doctor of business administration degree from University of South Australia. Dr. Loke is a fellow member of The Institute of Chartered Accountants in England & Wales, The Hong Kong Institute of Certified Public Accountants, The Hong Kong Institute of Chartered Secretaries, The Hong Kong Institute of Directors and Hong Kong Independent Non-Executive Directors Association.

Dr. Loke is currently the company secretary of Minth Group Limited (stock code: 425) and serves as an independent non-executive director of V1 Group Limited (stock code: 82), China Beidahuang Industry Group Holdings Limited (stock code: 39), Winfair Investment Company Limited (stock code: 287), China Fire Safety Enterprise Group Limited (stock code: 445), Matrix Holdings Limited (stock code 1005), SCUD Group Limited (stock code 1399), Zhong An Real Estate Limited (stock code 672), Chiho-Tiande Group Limited (stock code 976), Tianjin Development Holdings Limited (stock code 882), China Household Holdings Limited (stock code 692), Tianhe Chemicals Group Limited (stock code 1619), Lamtex Holdings Limited (stock code 1041), Forebase International Holdings Limited (stock code: 2310) and Hang Sang (Siu Po) International Holding Company Limited (stock code 3626). He was an independent non-executive director of Mega Medical Technology Limited (stock code: 876) from 20 June 2014 to 10 January 2017. All of these companies are listed on the main board of the Stock Exchange.

Mr. Fan, Anthony Ren Da - Independent Non-Executive Director

Mr. Fan, Anthony Ren Da was appointed as an Independent Non-executive Director on 30 September 2008. Mr. Fan holds a master degree of business administration from the United States. He is the chairman and managing director of AsiaLink Capital Limited. Prior to that, he held senior positions with various international financial institutions and was the managing director of a company listed on the Stock Exchange.

Mr. Fan is an independent non-executive director of Uni-President China Holdings Ltd. (Stock Code: 220), Citic Resources Holdings Limited (Stock Code: 1205), Shanghai Industrial Urban Development Group Limited (Stock Code: 563), Renhe Commercial Holdings Company Ltd. (Stock Code: 1387), Technovator International Limited (Stock Code: 1206), Guodian Technology & Environment Group Corporation Limited (Stock Code: 1296), Tenfu Cayman Holdings Ltd. (Stock Code: 6868), China Development Bank International Investment Limited (Stock Code: 1062), Raymond Industrial Limited (Stock Code: 229), CGN New Energy Holdings Co., Ltd. (Stock Code: 1811) and Neo-Neon Holdings Limited (Stock Code: 1868). Mr. Fan was an independent non-executive director of LT Commercial Real Estate Limited (Stock Code: 112) from 27 March 2013 to 30 June 2017. All of these companies are listed on the main board of the Stock Exchange.

+ More Board of Directors
HKRH is committed to establishing and maintaining, with best effort, a corporate governance system which complies with the “Code on Corporate Governance Practices” issued by the Stock Exchange of Hong Kong.
 

The Company as soon as reasonably practicable after any inside information has come to its knowledge, it will disclose the information to the public, complying with "The Securities and Futures (Amendment) Ordinance 2012", which gives statutory backing to listed issuers' continuing obligations to disclose price sensitive information

 
Audit Committee
The Audit Committee of the HKRH comprises 3 Independent Non-executive Directors.
Members: Mr. Fan Chun Wah, Andrew (Chairman)
      Mr. Fan, Anthony Ren Da
      Mr. Wong Kam Wing
  
 
 
The Audit Committee is established for the purposes of reviewing HKRH’s financial reporting, internal controls and making relevant recommendations to the Board. The Audit Committee is provided with sufficient resources to discharge its duties and has access to independent professional advice according to the HKRH’s policy if considered necessary.
 
 
Corporate Governance Committee
Members: Ms. Wong Wing Yan, Ella
      Mr. Cheung Pak To, Patrick
     Mr. Wong Kam Wing
     Mr. Fu Yat Ming    
     
Major roles and functions of the Corporate Governance Committee
i)   To introduce, endorse and review the corporate governance procedures and policies of the Company and to ensure that they are up to date and are in compliance with best practices prevailing in the market.
ii)  To make recommendations from time to time to the Board and individual departments on any changes to the Company's procedures or processes which may be required to ensure that the Company complies with relevant rules and regulations.
iii) To ensure that the Group, which includes the Company and its subsidiaries, enforces appropriate ethical standards and corporate governance policies and procedures.
iv)  To review, approve and keep records on employee’s declaration of corporate gifts or events offered by suppliers or Group associated business partners.
v)   To review and approve employee’s declaration on conflict of interest.
vi)  To conduct individual and fair investigation to cases or employees, which or whom, may have breached the corporate governance procedures and policies. The Committee will provide independent report and recommendations to the Chairman and the Board of Directors.
vii) To handle and manage enquiries, comments and suggestions from employees and management regarding issues on corporate governance procedures and policies.
viii) To provide regular training sessions on corporate governance, ethics, product ownership to employees, to ensure their awareness and to provide up-to-date knowledge on corporate governance standards.
ix)  To set standards and make recommendations on the Group's environmental, social and governance policies, and issue reports on related topics.
x)   To issue an annual corporate governance statement for inclusion in the Group’s annual and interim reports.
 
 
2012 Corporate Governance Committee Report Summary

Corporate Governance Committee reported that during the financial year of 2012, the Committee has issued the following corporate guidelines on corporate governance:-

l   "Internal Code of Ethical Conduct"
l   "External Code of Ethical Conduct"
l   "Interest Declaration Guidelines and Form"
l   "Employee Gifts and Entertainment Reporting Guidelines and Form


Corporate Governance Committee members unanimously approved the above corporate governance guidelines which are now effective and strictly implemented. Continuous training has been provided to the management and staff to ensure the development of the Group's good corporate governance standard.

 
 
Nomination Committee
The Nomination Committee of HKRH comprises 1 Executive Director and 2 Independent Non-executive Directors.
Members: Mr. Wong Kam Wing (Chairman)
      Mrs. Wong Chew Li Chin
      Mr. Fan, Anthony Ren Da
 
The major roles and functions of Nomination Committee are summarized below:
i) To review the structure, size and composition of the Board on a regular basis;
ii) To make recommendations to the Board regarding any proposed change and to identify individual suitably qualified to become the Board members; and
iii) To assess the independence of independent non-executive directors and to make recommendations to the Board on relevant matters relating to the appointment or re-appointment of Directors and succession plan for Directors.
 
 
Remuneration Committee
The Remuneration Committee of the HKRH comprises 1 Executive Director and 2 Independent Non-executive Directors.
Members: Mr. Fan, Anthony Ren Da (Chairman)
      Mrs. Wong Chew Li Chin
      Mr. Wong Kam Wing
 
The major roles and functions of the Remuneration Committee are summarized below:
i) To make recommendations with respect to the remuneration of the Directors and senior management of HKRH; and
ii) To review the remuneration packages and recommend salaries, bonuses, including incentive awards for Directors and senior management
 
 
Special Committee
The Special Committee of the HKRH comprises 2 Independent Non-executive Directors.
Members: Mr. Fan, Anthony Ren Da
      Mr. Wong Kam Wing
 
The Special Committee constitutes the independent non-executive directors with major functions to monitor the developments in the investigations and to conduct an ongoing review to ensure that no actual or potential conflict of interests exist between (i) Dr. Wong and/or Mr. Chui as Directors of the Company and (ii) the Board of the Directors (except Dr. Wong and Mr. Chui) and/or the Company due to the ongoing Investigations. To the best knowledge, information and belief of the Board, no such actual or potential conflict of interests exists at present.
 
 
Memorandum and Bye-laws
 
List of Directors and Their Role and Function
 
Procedure for Shareholder to Propose Candidate for Election of Directors of the Company
 

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WEBSITE

www.hkrh.hk

COMPANY INFORMATION

Listed Date 30 Jun 2003

Address Room 905, 9/F.,
Star House, 3 Salisbury Road,
Tsim Sha Tsui, Kowloon, Hong Kong

Telephone (852) 3926-3600

Facsimile (852) 3926-3699

Email contact@ogchemicals.com

No. of Click Rate

188565