24 Jun 2017,
  • HSI:
    24,476.35 -207.53 (-0.84%)
    HSCI:
    9,926.26 -161.76 (-1.60%)
    HKSPLC25:
    31,151.06 -216.12 (-0.69%)
    HKSPGEM:
    338.04 -1.93 (-0.57%)
  • HSCEI:
    9,926.26 -161.76 (-1.60%)
    HSCCI:
    3,840.88 -61.93 (-1.59%)
    HSFML25:
    8,374.96 -100.84 (-1.19%)
    H-FIN:
    15,625.67 -244.68 (-1.54%)
  • Hang Seng Index
  • 24,476.35

  • -207.53 (-0.84%)
HSCI 9,926.3 -161.8
HKSPLC25 31,151.1 -216.1
HKSPGEM 338.0 -1.9
HSCEI 9,926.3 -161.8
HSCCI 3,840.9 -61.9
HSFML25 8,375.0 -100.8
H-FIN 15,625.7 -244.7
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ZMFY Automobile Glass Services Limited (08135.HK)

Automobiles

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2017 (Q1)
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PRESENTATIONSmore

The origin of ZMFY Automobile Glass Services Limited and its subsidiaries can be traced back to 1999, when the first operating subsidiary of the Group, Beijing Zhengmei Service, was established by Ms. Xia, the executive Director and chief executive officer of the Company, and Ms. Wen Hongmin, an Independent Third Party, in Beijing, the PRC, and commenced the business operation of sales of automobile glass with installation and repair services and the trading of automobile glass in the PRC.

Due to the growing automobile industry in the past two decades and hence the increasing demand for the automobile glass installation and repair services, the Group has managed to develop into sizeable operation and open various branches in different districts of Beijing. In 2010, the Group further expanded its service scope to cover other cities in the PRC such as Hangzhou, Tianjin and Shenyang to capture the growing demand for automobile glass and the installation and repair services in those areas. The Group operates 21 service centres providing automobile glass installation and repair services, and is also engaged in the trading of automobile glass in five cities in the PRC, namely Beijing, Hangzhou, Shenyang, Tianjin and Sanhe. The Group also has 110 motorcade service terms stationed at the service centres to provide automobile glass installation and repair services to customers...
+ More Company Profile

Ms. Xia Lu - Executive Director & Chief Executive Officer

Ms. Xia is one of the founders of the Group. Ms. Xia is also the Chief Executive Officer of the Company, a member of the Nomination Committee and is a director of each of Chang Hong Investments, Beijing Zhengmei Service and Beijing Zhengmei Installation. Ms. Xia is responsible for the Group’s overall strategic planning, business development, day-to-day operational management and administration. Ms. Xia Lu graduated with a bachelor’s degree at the 北京師範學院中文系 (Chinese Department of Beijing Normal College*) in 1981, and in 1991, she also obtained a postgraduate degree in political economics ( 政治經濟學 ) from 北京師範大學 (Beijing Normal University*). Ms. Xia has approximately 22 years of experience in the automobile glass industry. Ms. Xia founded the Group in 1999, and has devoted herself to the continuous development of the Group and played a significant role in the growth of the Group’s business. Ms. Xia is the sister-in-law of Ms. Natsu.

Mr. Li Honglin - Executive Director

Mr. Li is also the compliance officer of the Company and a director of each of Chang Hong Investments and Beijing Zhengmei Service. Mr. Li is responsible for the Group’s management of the technical support department and the operation of Tianjin Zhengmei and other branches. Mr. Li joined the Group in 1999 as the business manager. Since then, Mr. Li has devoted himself to the continuous development of the Group and played a significant role in the growth of the Group’s business. Mr. Li Honglin graduated with a high school certificate at 河北冀州巿中學 (Jizhou City High School, Hebei Province*) in 1979.

Mr. He Changsheng - Executive Director

Mr. He is also a member of Remuneration Committee and a director of each of Chang Hong Investments, Beijing Zhengmei Service. Mr. He is responsible for managing the Group’s overall operation and supervising the Group’s procurement of the Group. Mr. He obtained a bachelor’s degree in mechanical engineering from the 清華大學分校 (Tsinghua University (Branch School)*). He was qualified as an engineer in March 1989. Mr. He has more than 10 years of experience in automobile glass and fitting industry. Mr. He joined the Group in 1999 as deputy general manager of Beijing Zhengmei Service. Since then, Mr. He has devoted himself to the continuous development of the Group and played a significant role in the growth of the Group’s business. Before joining the Group, Mr. He worked as division manager of the technology department of 北京巿出租汽車公司第三分公司 (Beijing Taxi Company Third Branch*), which was later renamed as 北京巿出租汽車集團有限責任公司 (Beijing Taxi Group Company Limited*). He also worked for Beijing Fengye Glass and Beijing Zhengmei Glass, mainly responsible for goods merchandising, budgeting and general management of the business.

Mr. Xia Xiufeng - Non-executive Director and Chairman

Mr. Xia, also known as Mr. Osaka Masami, served in the army under the 國防科學技術委員會 (Commission of Science and Technology for National Defence*) in the People's Republic of China from 1977 to 1981. Mr. Xia then worked as an officer at the 北京市科學技術委員會計算中心 (Computing Center of the Beijing Municipal Science and Technology Commission*) from August 1981 to August 1987. He also attended 北京巿西城區職工大學 (Beijing Xicheng District Vocational College*) from September 1983 to July 1987 and graduated in Chinese studies. Mr. Xia later completed a course in Japanese language studies at 日本東京學院 (Academy of Tokyo*) from October 1987 to March 1989. He furthered his education in social studies as a graduate student at the 日本東京學藝大學 (Tokyo Gakugei University*) from April 1989 to March 1991. Mr. Xia was the president of 日本全日通株式會社 (Zennitsu Co., Ltd.*) from September 1992 to October 2010. He is currently engaged in management positions of various companies, including the chairman of 日本 ISA 株式會社 (ISA Co., Ltd.*) since December 1996, the chairman of ISA Co., Limited (ISA(香港)有限公司 *) since December 2009, a director of Hirokou Co., Limited ( 宏幸實業(香港)有限公司 ) since December 2010 and a director of Zennitsu Co., Limited ( 香港全日通有限公司 *) since May 2014. Mr. Xia is also the director of sales of 天津豐業新能源科技有限公司 (Tianjin Fengye New Energy Technology Co., Ltd.*), an indirect wholly-owned subsidiary of the Company, and the alternate Director to Ms. Natsu since January 2014 and April 2015 respectively.

Mr. Liu Mingyong - Non-executive Director

Mr. Liu Mingyong, obtained a bachelor’s degree in economics from the School of Economics and Trade at 中國礦業大學(China University of Mining and Technology*) in July 1992. He obtained the qualification of senior accountant in 2004. Mr. Liu worked as the finance supervisor at 中國地方煤炭總公司 (China Local Coal Corporation*) from May 1992 to July 1995. He then worked as the finance manager at 中國鄉鎮企業投資開發有限公司 (China Township Enterprise Investment & Development Company Limited*) from August 1995 to July 1998. Mr. Liu worked as the finance general manager at 豪力機械(中國)有限公司 (Haoli Machinery (China) Co., Ltd.*) from August 1998 to October 1999. He joined 北京海淀科技發展有限公司 (Beijing Haidian Science & Technology Development Co., Ltd.*) since November 1999 and became the deputy general manager in March 2014 and was in charge of the company’s financial, investment and real estate businesses. From October 2006 to May 2011, Mr. Liu served successively as supervisor, director and the vice chairman at 中墾農業資源開發股份有限公司 (Zhongken Agricultural Resource Development Co., Ltd.*), a company listed on the Shanghai Stock Exchange (stock code: 600313) and now known as 中農發種業集團股份有限公司 (Zhongnongfa Seed Industry Group Co., Ltd*). Since October 2010 and June 2013 respectively, he was also a director at 北京三聚環保新材料股份有限公司 (Beijing Sanju Environmental Protection and New Materials Co., Ltd.*), a company listed on the Shenzhen Stock Exchange (stock code: 300072), and 北京海科融通支付服務股份有限公司 (Beijing Haike Rongtong Payment Services Co., Ltd.*).
 

Mr. Lo Chun Yim - Non-executive Director

Mr. Lo, is a substantial shareholder of the Company interested in approximately 16.04% of the total issued share capital of the Company as at the date of this announcement. Mr. Lo has extensive experience in investment management. Mr. Lo is currently a director of Rise Grace Development Limited (“Rise Grace”), a company incorporated in Hong Kong with limited liability which is principally engaged in the provision of investment consultancy services, and Diamond Galaxy Limited (“Diamond Galaxy”), a company incorporated in the British Virgin Islands with limited liability, both of which are substantial shareholders of the Company.

Mr. Chen Jinliang - Independent Non-executive Director

Mr. Chen is also the chairman of the Nomination Committee and a member of each of the remuneration Committee and Audit Committee. Mr. Chen obtained a bachelor’s degree in economics management from 北京市委黨校 (Beijing Municipal Party Committee College*), a postgraduate degree in monetary banking in the 中國人民大學 (Renmin University of China*) and postgraduate degree in economics management in 北京市委黨校 (Beijing Municipal Party Committee College*). Mr. Chen has more than 8 years of experience in the retail banking industry. Mr. Chen joined 中國光大銀行 (China Everbright Bank*) as a sub-branch manager, and then was promoted to become the branch manager and the party secretary of 中國光大銀行 (China Everbright Bank*) respectively, where he was responsible for overseeing the overall operations of the branch. Then he served as the Beijing branch manager of 大連銀行 (Bank of Dalian*) of the Board. Then, he serves as the chairman of北京飛龍融資租賃有限公司 (Beijing Hover Dragon Financial Leasing Co., Ltd.*) since April 2013. He was awarded 全國金融五一勞動獎章 (National Financial Labour Award) and 全國五一勞動獎章 (National Labour Award) in April 2002 and 2003, respectively.

Mr. Chen Jinliang - Independent Non-executive Director

Mr. Chen is also the chairman of the Nomination Committee and a member of each of the remuneration Committee and Audit Committee. Mr. Chen obtained a bachelor’s degree in economics management from 北京市委黨校 (Beijing Municipal Party Committee College*), a postgraduate degree in monetary banking in the 中國人民大學 (Renmin University of China*) and postgraduate degree in economics management in 北京市委黨校 (Beijing Municipal Party Committee College*). Mr. Chen has more than 8 years of experience in the retail banking industry. Mr. Chen joined 中國光大銀行 (China Everbright Bank*) as a sub-branch manager, and then was promoted to become the branch manager and the party secretary of 中國光大銀行 (China Everbright Bank*) respectively, where he was responsible for overseeing the overall operations of the branch. Then he served as the Beijing branch manager of 大連銀行 (Bank of Dalian*) of the Board. Then, he serves as the chairman of北京飛龍融資租賃有限公司 (Beijing Hover Dragon Financial Leasing Co., Ltd.*) since April 2013. He was awarded 全國金融五一勞動獎章 (National Financial Labour Award) and 全國五一勞動獎章 (National Labour Award) in April 2002 and 2003, respectively.

Mr. Jiang Bin - Independent Non-executive Director

Mr. Jiang has over 15 years of professional experiences in accounting, auditing and financial consulting. Mr. Jiang obtained a bachelor degree in economics from Renmin University of China in July 1993. He obtained a master degree in money and banking from Graduate School of Chinese Academy of Social Sciences in April 1999. He obtained the qualification of Chinese Certified Public Accountant in 1999. Mr. Jiang worked as an assistant accountant, chief accountant and assistant general manager in Beijing North Star International Economy Technical Collaboration Company* (北辰國際經濟技術合作公司) from August 1993 to January 1996. He worked as an assistant auditor, project manager, senior project manager and audit manager in Beijing ZhongHua Certified Public Accountants* (中華會計師事務所) from January 1996 to October 2000. He worked as a department manager of the audit department, deputy general manager and vice chief accountant in Beijing Office of RSM China Certified Public Accountants* (中瑞岳華會計師事務所有限公司) from October 2000, and has been a partner since 2007. He was also an independent non-executive director of Shunfeng International Clean Energy Limited (stock code: 1165), a company listed on the Main Board of the Stock Exchange, from February 2013 to July 2013.

+ More Board of Directors

The Board believes that a solid framework of corporate governance plays a vital role in underpinning the integrity, accountability and transparency of the Group, which will ultimately outperform other companies and maximize the Group's and the shareholders' value.

The Group adopts rigorous corporate governance standards and maintains a high level of corporate transparency by releasing information in a timely manner, which not only protects shareholders’ interests but also strengthens the bond of trust with its shareholders and the public. This helps to ensure an efficient and stable operation of the Group and increase investors’ confidence.

The Group has set up an Audit Committee to ensure proper reporting and adequate internal controls. The Group has also established Remuneration Committeeand Nomination Committee. In addition, compliance advisors are appointed.

 
Audit Committee

The Company has established the Audit Committee on 9 August 2013 with terms of reference in compliance with the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules. The primary duties of the Audit Committee are to review and supervise the financial reporting process and internal control systems of the Group. The Audit Committee has three members comprising three independent non-executive Directors, namely Mr. Jiang Bin, Mr. Chen Jinliang and Mr. Han Shaoli. The chairman of the Audit Committee is Mr. Jiang Bin.

 
Remuneration Committees

The Company established the Remuneration Committee on 9 August 2013 with terms of references in compliance with the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules. The Remuneration Committee comprises of one executive Director, namely Mr. He Changsheng and two independent non-executive Directors, namely Mr. Han Shaoli and Mr. Chen Jinliang. The primary duties of the Remuneration Committee are to review and determine the terms of remuneration packages, bonuses and other compensation payable to the Directors and senior management. The chairman of the Remuneration Committee is Mr. Han Shaoli.

 
Nomination Committees

The Company established the Nomination Committee on 9 August 2013 with terms of references in compliance with the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules. The Nomination Committee comprises of one executive Director, namely Ms. Xia Lu and two independent non-executive Directors, namely Mr. Jiang Bin and Mr. Chen Jinliang. The primary duties of the nomination committee are to make recommendations to the Board regarding candidates to fill vacancies on the Board. The chairman of the Nomination Committee is Mr. Chen Jinliang.

 
Compliance Advisors

The Group has appointed Quam Capital Limited as its compliance adviser upon listing of the Shares on the Stock Exchange in compliance with Rule 6A.19 of the GEM Listing Rules. Pursuant to Rule 6A.23 of the GEM Listing Rules, the compliance adviser will advise the Group on the following circumstances:

• before the publication of any regulatory announcement, circular or financial report;
• where a transaction, which might be a notifiable or connected transaction, is contemplated including share issues and share repurchases;
• where the Group proposes to use the proceeds of the Placing in a manner different from that detailed in the listing document or where the business activities, developments or results of the Company deviate from any forecast, estimate, or other information in the listing document; and
• where the Stock Exchange makes an inquiry of the Company under Rule 17.11 of the GEM Listing Rules.

The terms of the appointment of the compliance adviser shall commence on the Listing Date and end on the date which the Company complies with Rule 18.03 of the GEM Listing Rules in respect of its financial results for the first full financial year commencing after the Listing Date and such appointment may be subject to extension by mutual agreement.

 
 
 
 
 
 
 

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WEBSITE

www.zmfy.com.hk

COMPANY INFORMATION

Listed Date 03 Sep 2013

Address Suite 2318, Leighton Centre,
77 Leighton Road,
Causeway Bay, Hong Kong

Telephone (852) 3796 9552

Facsimile (852) 3796 9687

Email info@zmfy.com.cn

No. of Click Rate

104755