22 Aug 2017,
  • HSI:
    27,154.68 107.11 (0.40%)
    HSCI:
    10,751.54 57.89 (0.54%)
    HKSPLC25:
    34,826.82 74.89 (0.22%)
    HKSPGEM:
    267.03 0.26 (0.10%)
  • HSCEI:
    10,751.54 57.89 (0.54%)
    HSCCI:
    4,250.31 39.75 (0.94%)
    HSFML25:
    9,337.75 83.29 (0.90%)
    H-FIN:
    17,307.90 54.20 (0.31%)
  • Hang Seng Index
  • 27,154.68

  • 107.11 (0.40%)
HSCI 10,751.5 57.9
HKSPLC25 34,826.8 74.9
HKSPGEM 267.0 0.3
HSCEI 10,751.5 57.9
HSCCI 4,250.3 39.8
HSFML25 9,337.8 83.3
H-FIN 17,307.9 54.2
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Panda Green Energy Group Limited (00686.HK)

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Panda Green Energy Group Limited (formerly known as United Photovoltaics Group Limited, stock code: 00686.HK) is a leading global eco-development solutions provider and headquartered in Hong Kong. The Company is listed on the Main Board of the Stock Exchange of Hong Kong Limited, which is now a constituent of the Hang Seng Composite Index Series, the Hang Seng Global Composite Index and the MSCI China Small Cap Index. The Company's new energy projects are located throughout the country and some overseas regions, including Inner Mongolia, Qinghai, Ningxia, Shanxi, Hubei, Xinjiang, Gansu, Yunnan, Shandong, Jiangsu, Hebei, Guangdong and other six regions in the UK...
+ More Company Profile

Mr. Li, Alan - Executive Director

Mr. Li, Alan, was appointed as our Executive Director on 10 June 2013. Mr. Li is also the Chairman of the Board of Directors, the Chief Executive Officer, the chairman of the Nomination Committee, a member of each of the Risk Control Committee and the Strategy Committed of the Company. Mr. Li is primarily responsible for formulating our business strategy, overseeing acquisitions and development of solar power projects, and day to day operations. Mr. Li also serves as a director of China Solar Power Group Limited, an indirectly wholly-owned subsidiary of the Company. Mr. Li is also a director of China Merchants New Energy Group Limited and the chairman of the board of directors of Pairing Venture Limited. Prior to joining China Merchants New Energy Group Limited, Mr. Li served as an executive director of Linchest Technology Ltd. and Shun Tai Investment Limited and was mainly in charge of investment, mergers and acquisitions in China. In 2013, Mr. Li collaborated with several state-owned enterprises, such as GD Solar Co., Ltd. and State Grid Corporation of China, and established Photovoltaic Green-ecosystem Organization (the “PGO”), the first eco-system that integrates the entire value chain of the photovoltaic industry in China, which has significantly driven forward the development of the industry. The PGO has rapidly expanded the development and construction of large-scale solar power plants in China. Mr. Li possesses extensive experience in investments and the management of conglomerates. Mr. Li has a Master’s degree in Business Administration from Murdoch University of Australia.

Mr. Lu Zhenwei - Executive Director

Mr. Lu Zhenwei, was appointed as our Executive Director on 10 June 2013 and is the chairman of the Risk Control Committee of the Company. Mr. Lu also serves as a director of China Solar Power Group Limited, an indirectly wholly-owned subsidiary of the Company. Mr. Lu is also the chairman of the board of directors of each of China Merchants New Energy Group Limited and China Merchants Technology Holdings Company Limited, the senior general managing director of China Merchants Capital Investment Limited* (招商資本投資有限責任公司), the deputy general manager of China Merchants Innovation Investment Management Limited* (招商局創新投資管理有限公司), the general manager of Shenzhen China Merchants Yinke Investment Management Ltd.*(深圳市招商局銀科投資管理有限公司), and the executive director and chief financial officer of New Energy Exchange Limited. Mr. Lu previously served as a director of Beijing Huahuan Electronics Co., Ltd.* (北京華環電子股份有限公司) and China KZ High Technology Co., Ltd.* (中國科招高技術有限公司). Mr. Lu also served as a director of Shenzhen CAU Technology Co., Ltd.* (深圳中國農大科技股份有限公司) from May 2003 to May 2008, the shares of which are listed on the Main Board of The Shenzhen Stock Exchange. Prior to joining China Merchants Group Limited, Mr. Lu served in a number of companies as a director, the general manager, the deputy general manager or the chief financial officer. Mr. Lu holds profound understanding and unique insights in project financing and business operation and has more than ten years' experience in financial management, business management and project investment. Mr. Lu has a Bachelor’s degree in Economics from Shanghai Maritime University and a Master’s degree in Finance from Zhongnan University of Economics and Law.

Mr. Li Hong - Executive Director

Mr. Li Hong, was appointed as our Executive Director on 28 August 2015, and is a member of the Risk Control Committee of the Company. Mr. Li joined us as the Financial Controller of the Company in February 2014 and was appointed as our Chief Financial Officer in April 2014. Mr. Li is primarily responsible for developing financial strategy and is the chairman of the PRC Affairs Management Committee of the Group. Mr. Li also acts as the general manager of United Photovoltaics (Changzhou) Investment Co., Ltd.* (聯合光伏(常州)投資有限公司), a major wholly-owned subsidiary of ours holding and managing investments in China, as well as acting as a director of several of our other subsidiaries. Prior to joining us, Mr. Li worked in the finance department of The Overseas Chinese Affairs Office of the State Council and was in charge of the financial departments with the China Travel Service (Holdings) Hong Kong Limited and its mainland subsidiaries. Mr. Li possesses over 15 years’ experience in managing large state-owned enterprises, industrial enterprise, as well as the tourism and media industry. Mr. Li has a Bachelor’s degree in Economics majoring in Monetary Banking from Central University of Finance and Economics, and a Master’s degree in Business Administration from Murdoch University of Australia.

Ms. Qiu Ping, Maggie - Executive Director

Ms. Qiu Ping, Maggie, was appointed as our Non-executive Director on 10 June 2013, was re-designated as an Executive Director on 28 August 2015, and is also our Executive President and Company Secretary. Concurrently, Ms. Qiu serves as a director and the president of China Solar Power Group Limited, an indirectly wholly-owned subsidiary of the Company, where she has been responsible for overseeing its legal and compliance matters, corporate governance, and human resources for over nine years. Previously, Ms. Qiu was the company secretary and senior vice president of a company which was listed on The NASDAQ Stock Market. Prior to that, Ms. Qiu served as assistant to general manager for several prominent multinational companies and gained extensive experience in corporate governance, mergers and acquisitions and project management. Ms. Qiu has a Bachelor’s degree in Economics and a Bachelor’s degree in German Literature from Peking University and a Master’s degree in European Culture and Economics from Ruhr University, Bochum, Germany as well as a Master’s degree in Corporate and Financial Law from The University of Hong Kong.

Mr. Jiang Wei - Executive Director

Mr. Jiang Wei was appointed as the chief legal officer of the Company on 17 January 2014 and re-designated as the chief operating officer on 13 October 2016, and he is also the chairman of project acquisition and development committee of the Company. Mr. Jiang also acts as the legal representative and chairman of the board of United Photovoltaics (Shenzhen) Limited, an indirectly wholly-owned subsidiary of the Company, as well as acting as a director of a number of other subsidiaries of the Company. Mr. Jiang is primarily responsible for project acquisition and development, asset restructuring, and operation management in various subsidiaries of the Company. Prior to joining the Group, Mr. Jiang served as the general counsel of a company which was listed on the NASDAQ Stock Market. Previously, He had been a practicing solicitor with Grandall Law Firm. Mr. Jiang has a master’s degree in Law from Queen Mary University of London.

Academician Yao Jiannian - Non-executive Director

Academician Yao Jiannian, was appointed as our Non-executive Director on 25 October 2010. Academician Yao is currently a researcher with the Institute of Chemistry, Chinese Academy of Science (the “CAS”), and was elected as an academician of the CAS in 2005. Academician Yao is also a member of the ninth and tenth National Committee of the Chinese People’s Political Consultative Conference, a member of the Standing Committee of the eleventh and twelfth National People’s Congress, and a member of the seventh National Committee of China-Association for Science and Technology. From August 1995 until September 1999, Academician Yao had successively been an associate researcher, researcher, instructor to students seeking doctoral degrees, the director of a laboratory, and an assistant to the head of the Institute of Photographic Chemistry, CAS. From March 2000 until March 2008, he was the deputy head of the Institute of Chemistry, CAS. Academician Yao graduated from the Chemistry Department of Fujian Normal University in 1982, received a Master’s degree in Engineering from The University of Tokyo in 1990, and a Doctorate degree from The University of Tokyo in 1993.

Mr. Tang Wenyong - Non-executive Director

Mr. Tang Wenyong, was appointed our Non-executive Director of the Company on 24 December 2015 and is also a member of each of the Audit Committee, Remuneration Committee and Risk Control Committee of the Company. Mr. Tang is also a director of China Merchants New Energy Group Limited and a senior managing director of China Merchants Capital Management Co., Ltd.* (招商局資本管理有限責任公司). Previously, Mr. Tang served as an officer of the research and development department of China Merchants Shekou Industrial Zone Co., Ltd.* (招商局蛇口工業區有限公司) and the general manager of China Merchants Investment and Consultancy Management Co., Ltd.* (招商局投資顧問管理有限公司). Mr. Tang also serves as a director of Jiangxi Selon Industrial Co., Ltd.* (江西世龍實業股份有限公司) whose shares are listed on the Small and Medium Enterprise Board of the Shenzhen Stock Exchange, and served as the chairman of the supervisory board of Shenzhen Jasic Technology Co., Ltd.* (深圳市佳士科技股份有限公司), the shares of which are listed on the Growth Enterprise Market of the Shenzhen Stock Exchange, from 31 January 2013 to 27 January 2016. Mr. Tang has been engaged in equity investment for years, and accumulated extensive experience in investment and project management. Mr. Tang has a Bachelor’s degree in Economic Geography from Peking University.

Mr. Li Hao - Non-Executive Director

Mr. Li Hao, was appointed as our Non-executive Director on 20 March 2017, and is a member of the Risk Control Committee of the Company. Mr. Li is currently the general manager of China Business Division, East Asia Business Headquarters at ORIX Corporation, a diversified financial services company and whose shares are listed on the Tokyo Stock Exchange (securities code: 8591) and on the New York Stock Exchange (trading symbol: IX). Mr. Li has been with ORIX Corporation since October 2007. He is also the director and president of ORIX Asia Capital Limited, a wholly-owned subsidiary of ORIX Corporation, since April 2013. Mr. Li graduated from the Graduate School of Finance, Accounting and Law at Waseda University in Japan in September 2011 with a Master’s degree in business administration for finance. He has more than 10 years of experience in the fields of investment banking and finance.

Mr. Kwan Kai Cheong - Independent Non-executive Director

Mr. Kwan Kai Cheong, was appointed as our Independent Non-executive Director on 1 April 2011 and is also the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee and the Risk Control Committee of the Company. Mr. Kwan is concurrently the president of Morrison & Company Limited, a business consultancy firm, and the chairman of the board of Utopa Limited, a commercial property company in PRC. Since 1 February 2007, Mr. Kwan has served as a non-executive director of China Properties Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. He also serves as an independent non-executive director of Henderson Sunlight Asset Management Limited, the Manager of Sunlight Real Estate Investment Trust whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited, and each of HK Electric Investments Limited, HK Electric Investments Manager Limited (as trustee-manager of HK Electric Investments Limited), Win Hanverky Holdings Limited, Greenland Hong Kong Holdings Limited (formerly known as “SPG Land (Holdings) Limited”), Dynagreen Environmental Protection Group Co., Limited and CK Life Sciences Int’l., (Holdings) Inc., all of whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. Kwan was previously the president and chief operating officer for Merrill Lynch & Co., Inc. (Asia Pacific region), an independent non-executive director of Galaxy Resources Limited, a company listed on the Australian Securities Exchange, from 13 October 2010 to 30 June 2014, and an independent non-executive director of China Oceanwide Holdings Limited (formerly known as “Hutchison Harbour Ring Limited”), a company listed on the Main Board of the Stock Exchange, from 27 September 2004 to 19 December 2014. Mr. Kwan obtained a Bachelor’s degree in Accounting from the National University of Singapore in 1973, qualified as a chartered accountant in Australia in 1979 and has been a member of the Hong Kong Institute of Certified Public Accountants since 1982. Mr. Kwan completed Stanford’s Executive Programme in 1992.

Mr. Yen Yuen Ho, Tony - Independent Non-executive Director

Mr. Yen Yuen Ho, Tony, was appointed as our Independent Non-executive Director on 6 April 2011 and is also a member of each of the Audit Committee and the Nomination Committee, and the chairman of the Remuneration Committee of the Company. Mr. Yen is also an independent non-executive director of Jinchuan Group International Resources Company Limited and Alltronics Holding Limited, both of whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited, and an independent director of China Minsheng Jiaye Investment Co., Ltd, and since January 2017 served as an independent non-executive director of WWPKG Holdings Limited, whose shares are listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited. Mr. Yen also served as an independent non-executive director of Link Holdings Limited from 20 June 2014 to 16 October 2014, whose shares are listed on the Growth Enterprise Market of the The Stock Exchange of Hong Kong Limited. Mr. Yen was previously a senior civil servant; from April 1994 to March 2007 he was the law draftsman of the Department of Justice, where he was responsible for drafting Hong Kong legislation and a member of The Law Reform Commission of Hong Kong. Mr. Yen is an adjunct professor at the Hong Kong Shue Yan University and the Beijing Normal University, an honorary court member of the Hong Kong University of Science and Technology and an honorary fellow of the School of Education, Hong Kong University. He is the director of two secondary schools, the vice president of the Neighborhood Advice Action Council and a member of Heep Hong Society’s Executive Council. Mr. Yen is an honorary adviser to the Pok Oi Hospital and the Hong Kong Academy of Nursing, an honorary legal adviser to the Shanghai Fraternity Association and to the Friends of Scouting, Scout Association of Hong Kong. He also serves as a director of the Hong Kong Institute for Public Administration. In April 2009, Mr. Yen was appointed by the Hong Kong SAR Government as the vice chairman of the Social Welfare Lump Sum Grant Independent Complaints Handling Committee. He is currently also a panel member of Review Board of School Complaints of the Education Bureau of HKSAR. Mr. Yen is a solicitor in Australia, Hong Kong and the United Kingdom and a barrister of Australia.

Mr. Shi Dinghuan - Independent Non-Executive Director

Mr. Shi Dinghuan, was appointed as our Independent Non-executive Director on 10 June 2013. Previously, Mr. Shi was a Counselor of the State Council of the PRC and the chairman of the China Renewable Energy Society. He is concurrently the invited deputy chairman of the China Energy Research Society, the invited vice chairman of the China Industry-University-Research Institute Collaboration Association and the honorary chairman of the China Association of Productivity Promotion Centre. Mr. Shi had worked in the Nuclear Energy Technology Institute of Tsinghua University since November 1973. In October 1980, he joined the State Commission of Science and Technology of PRC (the “SSTC”), the predecessor of the Ministry of Science and Technology (the “MOST”). He was appointed as the deputy division chief of the Forecasting Bureau of the SSTC, deputy director of the Industrial Technology Bureau of the SSTC, the director of the Department of Industrial Science and Technology of the SSTC, and later served as the deputy director-general of the High and New Technology Department and Industrial Department (directorate grade) (科學技術部高新技術發展及產業化司副司長(正司級)) of the PRC. In June 1988, he also acted as the officer of the “Torch Programme (國家火炬計劃)” office of the SSTC. Mr. Shi took the office of the Secretary General of MOST in August 2001. Since June 2003, he has been a member of the Mid-and-Long Term (2006–2020) Project Planning Office for National Science and Technology Development (國家中長期 (2006–2020)科學技術發展規劃領導小組) and the leader of the Strategic Research Group (戰略組組長). In March 2004, Mr. Shi was appointed as a Counselor of the State Council of the PRC. Mr. Shi has taken part in the formulation of the seventh Five-Year-Plan of National Economy and the Mid-and-Long-Term Plan of Technology Development 1991-2000. Mr. Shi has also contributed to the formulation of technology programmes and the implementation of key technology projects in hi-tech areas for the eighth and ninth and tenth Five-Year-Plans. He has taken part in various hi-tech industrialisation programmes, such as High & New Technology Industries Development Zones (國家高新區), Enterprise Incubation, Productivity Centers, and Technology and Innovation Engineering. Mr. Shi, from June 2012 until May 2014, was an independent non-executive director of Guodian Technology and Environment Group Corporation Limited, whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. Shi graduated from the Engineering Physics Department, Tsinghua University in July 1967, majoring in Radiation Dosimetry and Protection.

Mr. Ma Kwong Wing -

Mr. Ma Kwong Wing, was appointed as our Independent Non-executive Director on 1 September 2013. Previously, Mr. Ma worked for Hang Seng Bank Limited (the “Hang Seng Bank”) for over 30 years until his retirement in October 2005, during which he held several prominent positions, including being appointed as company secretary in 1988 and assistant general manager (while remaining as company secretary) in January 1993. On 17 February 2006, Mr. Ma was appointed as an independent non-executive director of Henderson Sunlight Asset Management Limited, the Manager of Sunlight Real Estate Investment Trust whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. Ma is a fellow of The Hong Kong Institute of Directors, the Association of Chartered Certified Accountants, The Institute of Chartered Secretaries and Administrators and The Hong Kong Institute of Chartered Secretaries. He is also a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants, an associate member of The Chartered Institute of Bankers and The Hong Kong Institute of Bankers. Since November 2014, Mr. Ma has been a fellow member of the Hong Kong Securities and Investment Institute.

+ More Board of Directors
To assist the Board in fulfilling its duties, five board committees are formed to oversee specific aspects of company affairs, namely the Audit Committee, the Remuneration Committee, the Nomination Committee, the Risk Control Committee and the Strategy Committee. The table below provides the composition of these committees in which each Board member serves.
 
Audit committee
The audit committee was established on 14 March 2000 pursuant to the provisions set out in the corporate governance code (the “Corporate Governance Code”) as set out in Appendix 14 to the Rules Governing the Listing of Securities on the Stock Exchange.
 
The audit committee has three members, including the Company’s two independent non-executive directors, namely Mr. Kwan Kai Cheong, Mr. Yen Yuen Ho, Tony and a non-executive director, Mr. Tang Wenyong. Mr. Kwan Kai Cheong is the chairman of the audit committee.
 
The audit committee acts as an important link between the Board and the Company’s auditors in matters within the scope of the Group’s audit. The duties of the audit committee are to review and provide supervision over the financial reporting process of the Group. The audit committee meets regularly with the management and the external auditors to discuss the accounting principles and practices adopted by the Group and the financial reporting matters.
 
Remuneration committee
The remuneration committee was established on 28 September 2005 pursuant to the provisions set out in the Corporate Governance Code.
 
It comprises of three members, including the Company’s two Independent Non-executive directors, namely Mr. Kwan Kai Cheong and Mr. Yen Yuen Ho, Tony and a non-executive director, Mr. Tang Wenyong. Mr. Yen Yuen Ho is the chairman of the remuneration committee.
 
The principal responsibilities of the remuneration committee include making recommendations to the Board on the Company’s policy and structure in relation to the remuneration of directors and senior management with reference to corporate goals and objectives resolved by the Board from time to time.
 
Nomination committee
The Nomination Committee was established on 23 March 2012 pursuant to the provisions set out in the Corporate Governance Code.
 
It comprises three members, namely Mr. Li, Alan, Mr. Kwan Kai Cheong and Mr. Yen Yuen Ho, Tony. Mr. Li, Alan is the chairman of the nomination committee.
 
The main responsibilities of the nomination committee are to review the structure, size and composition (including the skills, knowledge and experience) of the Board at least annually and make recommendations on any proposed changes to the Board to complement the Company’s corporate strategy, and identify individuals suitably qualified to become directors and select, or make recommendations to the Board on the selection of individuals nominated for directorships.
 
Risk Control committee

The risk control committee was established on 23 July 2013. It comprises of six members, namely Mr. Lu Zhenwei, Mr. Li, Alan, Mr. Kwan Kai Cheong, Mr. Li Hong, Mr. Tang Wenyong and Mr. Li Hao. Mr. Lu Zhenwei is the chairman of the risk control committee. The aim of the risk control committee is to strengthen the risk analysis, judgment and decision making. The main responsibilities of the risk control committee are to review significant investment projects, to assess the internal control and to conduct risk assessment on the material operation and financial matters of the Company.

 
Strategy Committee

The Strategy Committee was established on 20 March 2017. It comprises of three members, namely Mr. Zou Yiqiao, Mr. Li, Alan and Mr. Anthony Lam. Mr. Zou Yiqiao is the chairman of the Strategy Committee. The aim of the Strategy Committee is to further facilitate and guide the research and implementation of the business development and the strategic planning of the Company, as well as to enhance the decision-making procedures of the major matters of the Company and strengthen the corporate governance structure of the Company. The main responsibilities of the Strategy Committee are to assist the Board in formulating and evaluating the development strategy and implementation plan of the Group in achieving its medium-term and long-term strategic goals and make recommendations to the Board in relation to major corporate actions and investments of the Group.

 
Memorandum and Bye-Laws
 

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COMPANY INFORMATION

Listed Date 13 Apr 2000

Address Unit 1012, 10/F.,
West Tower, Shun Tak Centre,
168-200 Connaught Road Central, Hong Kong

Telephone (852) 3112 8461

Facsimile (852) 3112 8410

Email irpr@pandagreen.com

No. of Click Rate

198992