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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AGTech Holdings Limited (08279.HK)

Gambling
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Vision: Providing New and Exciting Sports Gaming Entertainment to the Chinese Community

China's First and Only Virtual Sports Betting System and Game Provider and the Largest Sports Lottery Terminal Manufacturer / Supplier in China

The Group is the leading integrated gaming company in China's sports lottery market. It is principally engaged in (i) gaming technologies (game software, systems, hardware and terminals); (ii) lottery management; and (iii) online and mobile lottery. The Group is committed to applying international best practice and advanced technologies to the lottery industry in various areas such as lottery systems, lottery hardware, lottery/betting games, internet and mobile phone distribution and systems, wireless network and streaming media, thereby providing China's lottery authorities and millions of lottery players in China with professional, integrated lottery services.

Over the past six years, the Group has demonstrated a strong track record of delivery, successfully building a uniquely balanced, complementary suite of businesses that now occupy leading positions in the key verticals of the Chinese sports lottery market. This growth is testament to the quality and depth of the Group's relationships with industry regulators and officials at both a national and provincial level, as well as the quality of its management, employees, technology and partners......
+ More Company Profile

Mr. Sun Ho - Executive Director, Chairman & CEO

Mr. Sun Ho, aged 47, is the executive Director, chairman & CEO, authorised representative, compliance officer, member of the nomination committee, and chairman of the corporate governance committee and risk management and internal control committee of the Company. He is also the director of various subsidiaries of the Company and is responsible for the strategic planning, business development and general management of the Group.

Mr. Sun also has extensive experience in auditing and financial management of enterprises. He holds a bachelor degree in Economics from the University of Sydney in Australia and a master degree in Corporate Finance from the Hong Kong Polytechnic University. Mr. Sun is a member of CPA Australia and the Hong Kong Institute of Certified Public Accountants. Mr. Sun has been instrumental in the development of China’s lottery markets over many years.

Mr. Zhou Haijing - Executive Director & Chief Financial Officer

Mr. Zhou, aged 39, joined Alibaba Holding in May 2008. He currently serves as a finance director at the financial planning and analysis department of Alibaba Group and is responsible for budgeting, forecasting and financial analysis for Alibaba Group. Mr. Zhou has extensive financial knowledge and deep understanding of Alibaba Group’s businesses including the lottery business. He provides assistance to the senior management and the chief financial officer of Alibaba Group in data and financial analysis during the decision making process. From 2001 to 2008, Mr. Zhou worked for PricewaterhouseCoopers as audit manager and was as a member of each of Certified General Accountants Association of Canada and the Chinese Institute of Certified Public Accountants. He holds a bachelor's degree from Tsinghua University School of Economics and Management and a master's degree from Sichuan University.

Mr. Ji Gang - Non-Executive Director

Mr. Ji, aged 41, joined Ant Financial in January 2016 as Vice President and Head of Strategic Investment. He is responsible for the global strategic investments for Ant Financial and has 16 years of experience in investment and 8 years of experience in the internet industry. Before joining Ant Financial, he served Alibaba Group as Vice President and was responsible for strategic investment. He holds a bachelor’s degree in international business management from University of International Business and Economics.

Mr. Yang Guang - Non-Executive Director

Mr. Yang, aged 39, joined Alibaba Group in September 2007. He is currently the general manager of the department of supply chain innovation of Alibaba Group and is responsible for innovative product and business in supply chain and logistics services in Taobao.com. Mr. Yang has nine years of experience in the internet industry and two years of experience in the lottery industry. Before the current position, Mr. Yang led the operation team of consumer electronics product in Taobao.com. Mr. Yang was one of the core members of the team responsible for the establishment of Tmall.com and Taobao Travel. From 2012 to 2015, Mr. Yang was responsible for Taobao.com’s innovative business including Taobao Lottery. He holds an associate degree in biological pharmacy from Jilin University.

Mr. Zhang Qin - Non-Executive Director

Mr. Zhang, aged 42, joined Alibaba Group in January 2006. He is currently the Vice President of Alibaba Group and is responsible for business operations of Taobao Marketplace including Taobao Lottery. Before the current position, he led Yahoo! Search in China, Alibaba B2B site operations and advertisement business, eTao.com and Alibaba Search business respectively. He has over 10 years of experience in the internet and e-commerce industry. He holds a bachelor's degree in Computer Software from Peking University and a MBA degree from China Europe International Business School.

Mr. Zhang Wei - Non-Executive Director

Mr. Zhang, aged 39, joined Ant Financial in May 2015. He is currently the general manager of the merchant development division for the payment business of Ant Financial Group and is responsible for the cooperation with merchants and the development of the innovation business. Mr. Zhang has 10 years of experience in the internet industry and payment service industry. From 2003 to 2006, Mr. Zhang was senior business manager of the external media cooperation division of Sina Corporation and was responsible for liaising with external media. From 2007 to 2015, he worked as director for Internet Media Development at Tencent Holdings Limited and was in charge of various major projects relating to business development, branding and marketing. Mr. Zhang holds an associate degree in automobile application from Hubei University of Automotive Technology.
 

Ms. Monica Maria Nunes - Independent Non-executive Director

Ms. Monica Maria Nunes, aged 47, has been appointed as independent non-executive Director as well as chairperson of each of the audit, remuneration and nomination committees of the Company. She was first appointed as an executive director of Vodatel Networks Holdings Limited (“Vodatel”), the shares of which are listed on GEM (stock code: 8033), on 13th December 1999. She is the finance director and the Compliance Officer of Vodatel. She graduated from the University of Calgary, Canada with a bachelor degree in commerce and from the University of Hong Kong, the PRC, with a master degree in social sciences. She has over 21 years of accounting and banking experience. She holds a Certified Management Accountant Designation of Certified Management Accountants of Alberta, Canada. She is a member of the Chartered Professional Accountants of Alberta, Canada and is entitled to use the designation Chartered Professional Accountant. She is an associate of the Chartered Institute of Management Accountants and is entitled to use the description Chartered Management Accountant. She is also entitled to hold and use the designation of Chartered Global Management Accountant.

Mr. Feng Qing - Independent Non-Executive Director

Mr. Feng Qing, aged 62, was appointed as the independent non-executive Director of the Company on 4 May 2015. Mr. Feng Qing is the chairman of Beijing Yi Xin Tech Corporation. Mr. Feng was the author of the marketing economics book titled “Practical Market Theory (實用市場理論)” which was well received by the market, and became an instrumental reading in learning western economics. In 1983, Mr. Feng commenced study of macroeconomics in Switzerland.

After graduation, Mr. Feng stayed in Switzerland to work at Sulzer International AG, the then one of the biggest machinery manufacturers in Switzerland, for many years. Afterwards, Mr. Feng returned to China and was engaged in satellite communication and investment and finance related work. Mr. Feng graduated from the Precision Instruments faculty (精密儀器系) of Tsinghua University, the PRC, majoring in Machinery Manufacturing Technology and Equipment (機械製造工藝及設備), and was a postgraduate student in macroeconomics of the University of Zurich in Switzerland.

Dr. Gao Jack Qunyao - Independent Non-executive Director

Dr. Gao Jack Qunyao, aged 57, was appointed as the independent non-executive Director of the Company on 6 May 2015. Dr. Gao has extensive experience in information technology (“IT”), media and entertainment, and venture capital. He is currently the Group Vice President and CEO of International Investments and Business Department of 北京萬達文化產業集團有限公司 (Beijing Wanda Culture Industry Group Co., Ltd.*); Vice Chairman of Infront Sports & Media AG; founder and president of Gao Entertainment LLC; an independent director of AirMedia Group Inc. (the American depositary shares (“ADSs”) of which are listed on NASDAQ under the symbol: AMCN); and an independent director of 萬通投資控股股份有限公司 (Vantone Holdings Co., Ltd.*). Dr. Gao was previously a director of Bona Film Group Limited (the ADSs of which are listed on NASDAQ under the symbol: BONA); and an alternate director of Phoenix Satellite Television Holdings Limited (a company listed on the Stock Exchange under stock code: 2008). Dr. Gao is also the adjunct professor (客座教授) of the Business School of The Chinese University of Hong Kong. He is the author of the book titled “體驗微軟 (Experience Microsoft)” which has a wide readership in China IT communities.

Previously, Dr. Gao held various major positions in a number of renowned companies, including senior vice president of News Corporation (a company listed on NASDAQ under the symbol: NWS); chief executive officer of News Corporation China Investments and STAR (China) Limited; chief representative of News Corporation, Beijing representative office; vice president of Autodesk China; general manager of Microsoft (China) Co., Ltd.; and general partner, executive vice president and country head (China) of Walden International, a leading venture capital firm in the United States of America. Dr. Gao holds a doctorate degree in Engineering from Harbin Institute of Technology, China.

Mr. Bai Jinmin - Chief Operation Officer

Mr. Bai Jinmin, aged 49, is the chief operation officer of the Company. He is also the director of various subsidiaries of the Company in the PRC, responsible for their business development, strategic planning and operational supervision.

Mr. Bai has over 20 years of extensive experience in business development, investment, corporate management and strategic planning. Prior to joining the Group, Mr. Bai was the director of Louis DreFus Energy (SPEC) Pte Ltd., managing director of SPEC Overseas (Holdings) Pte Ltd., vice president of Shenzhen Petrochemical Industry (Holdings) Co., Ltd., chairman of Shenzhen GETOS Fine Silicons Co., Ltd., director of Sinoying Logistics Pte Ltd. and executive director of STAR Pharmaceutical Limited, the issued shares of which are listed on Singapore Exchange Limited.

Mr. Bai holds a bachelor degree in Engineering from 杭州電子工業學院 (the Electronics Institute of Hangzhou*), the PRC (now known as Hangzhou Dianzi University* (杭州電子科技大學)) and a master degree in Business Administration from the National University of Singapore.
 

Mr. Cheng Guoming - President, Investment & Global Strategy

Mr. Cheng Guoming, aged 43, is the president of the company in investment & global strategy. Mr. Cheng has extensive experience in China lottery business, private equity investments, special opportunities (e.g. distressed assets and rescue financing), crossborder transactions and operation management of investments in China and overseas. Before joining the Company, Mr. Cheng held various major positions in other renowned or listed companies, including executive director of the global special opportunities group department of J.P. Morgan Securities (Asia Pacific) Limited; director of Greater China – Advisory of HSBC Markets (Asia) Limited; head of investment department of Shanghai Industrial Holdings Limited (a company listed on the Stock Exchange, stock code: 363); deputy chief financial officer (and chief financial officer, China region) of China LotSynergy Holdings Limited (a company listed on the Stock Exchange, stock code: 1371); and senior manager of the reorganisation services group department of Deloitte Touche Tohmatsu Hong Kong. Mr. Cheng holds a bachelor of economics degree from Fudan University in China, and is a non-practising member of the Shanghai Institute of Certified Public Accountants.
 

Mr. Fu Xiaobing -

Mr. Fu is appointed as the Chief Technical Officer of the Company. Mr. Fu has over 11 years of experience in the lottery industry in terms of technology business research and development. Prior to joining the Group, Mr. Fu was the chief of the Lottery Technology Security Research and Development Centre in Chinese Academic of Sciences. Mr. Fu has rich experience with lottery industry as well as system architecture technology and has been engaged in researching and developing lottery games, lottery system security, testing as well as industry standard development. Mr. Fu holds a bachelor degree in Engineering from China University of Petroleum as well as MBA from Renmin University of China.

Mr. Liu Meng -

Mr. Liu Meng is the general manager of two subsidiaries of the Company, namely 亞博泰科科技(北京)有限公司 (Asia Gaming Technologies (Beijing) Co., Ltd.*) and a subsidiary of Score Value.

Mr. Liu has been working in the China lottery industry for many years. He has solid experience in lottery game design; research, development and operational maintenance of lottery technical systems; and team and organisational leadership. Prior to joining the Group, Mr. Liu was the Vice President and Head of Research and Development Centre of 中體彩科技發展有限公司 (China Sports Lottery Technology Group*); and deputy general manager of 北京中體駿彩信息技術有限公司 (China Sports Lottery HKJC Infotech (Beijing) Co., Ltd*), responsible for managing the development of lottery game related technologies, research and development of various kinds of technical systems and project management. Mr. Liu holds a Bachelor of Science degree from Nanjing University and a Master of Science degree from Peking University, the PRC.

Mr. Luo Shihui -

Mr. Luo Shihui is the general manager of 世紀星彩企業管理有限公司 (China Lottery Management Co., Ltd.*) and 深圳市銀溪數碼技術有限公司 (Shenzhen Silvercreek Digital Technology Co., Ltd.*), both being indirect wholly-owned subsidiaries of the Company.

Mr. Luo has been working in the China lottery industry for many years. Prior to joining the Group, Mr. Luo was deputy general manager of 北京太盈科技發展有限公司 (Beijing TaiYing Technology Development Co., Ltd.*), and gained extensive experience in lottery business management, market operations and project negotiations. As a member of the Group’s senior management, Mr. Luo has made significant contributions in various significant projects. Mr. Luo graduated from 南昌航空工業學院 (Nanchang Institute of Aeronautical Technology*) (now known as 南昌航空大學 (Nanchang Hangkong University*)) majoring in business administration and marketing.

Mr. Ng Lok Ming -

Mr. Ng Lok Ming is the company secretary, authorised representative and a member of each of the corporate governance committee and the risk management and internal control committee of the Company.

Mr. Ng has many years of experience working in senior legal positions and as company secretary of companies listed in Hong Kong. Mr. Ng graduated from the University of Hong Kong with a LL.B. and a P.C.LL. in 1995 and 1996, respectively. He later obtained a LL.M. in Comparative and PRC law from the City University of Hong Kong in 2002. Mr. Ng was admitted as a solicitor of the High Court of Hong Kong in 2001. He is also a member of the Law Society of Hong Kong.

Mr. Song Xin - Vice President of Lottery

Mr. Song Xin, aged 38, joined Alibaba Group in January 2008. He was the Chief Operating Officer in Operation Division of Taobao Marketplace, responsible for innovative business, including Taobao Lottery, Taobao Education, and Taobao Real-estate.

Mr. Song has more than 10 years of experience in e-business, and 8 years of experience in Lottery. Owing to his extensive understanding and vision on both lottery and e-business, he made a significant promotion to the ecology development of Lottery Industry in Alibaba Group, He participated in the design of Olympic lottery and new market of Sports lottery.

He obtained a bachelor associate degree in Accounting from Beijing City University. In September 2016, Mr. Song was appointed Vice President of Lottery in AGTech Holdings Limited, responsible for industry strategic planning, product innovation and new channel expansion in Lottery Online Business.

Mr. Adam Greenblatt -

Mr. Adam Greenblatt is a director of three of the Company’s subsidiaries, namely Asia Gaming Technologies Limited, 亞博泰科科技(北京)有限公司 (Asia Gaming Technologies (Beijing) Co., Ltd.), and 亞博泰科科技(天津)有限公司 (Asia Gaming Technologies (Tianjin) Co., Ltd.). Mr. Greenblatt has previously been appointed in 2010 as Director of Corporate Development at Ladbrokes, a major UK-listed international betting and gaming company. Mr. Greenblatt began his career as a Chartered Accountant in the UK with Arthur Anderson before moving into mergers and acquisitions at renowned international investment bank Rothschild, specialising in betting and gaming. Mr. Greenblatt left his role as Director of European Investment Banking in 2008 to effect the successful turnaround of a manufacturing business. He then launched a European internet business focusing on the online recruitment market, before most recently moving back into the betting and gaming sector to join Ladbrokes.

Mr. Michael Charlton -

Mr. Michael Charlton, is a director of three of the Company’s subsidiaries, namely, Asia Gaming Technologies Limited, 亞博泰科科技(北京)有限公司 (Asia Gaming Technologies (Beijing) Co., Ltd.) and 亞博泰科科技(天津)有限公司 (Asia Gaming Technologies (Tianjin) Co., Ltd.). Mr. Charlton has over 17 years’ experience in the Leisure & Gaming industry and is currently responsible for developing Ladbrokes plc’s international business in the Asian region. Mr. Charlton joined Ladbrokes plc following his graduation from Glasgow University in 1995. During his time with Ladbrokes plc he has held various senior management positions, initially within the Retail sector of the business before joining the International Department in 2005. Mr. Charlton is currently China General Manager for Ladbrokes plc and serving as a director of Ladbrokes Lottery (Asia) Co. Limited.

+ More Board of Directors
Audit Committee
The Company established an audit committee on 16 December 2003 with written terms of reference in compliance with the requirements as set out in the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited ("GEM Listing Rules"). The primary duties of the audit committee are to review the Group's annual report and accounts, half-year report and quarterly reports and to provide related advice and comments to the Board. The audit committee is also responsible for reviewing and supervising the financial reporting process and internal control system of the Group. The audit committee comprises three independent non-executive directors, namely, Ms. Monica Maria NUNES, Mr. FENG Qing and Dr. GAO Jack Qunyao.
 
Nomination Committee
The nomination committee was established on 24 June 2005 with written terms of reference in compliance with the requirements as set out in the GEM Listing Rules. The nomination committee is responsible for formulating nomination policy, and making recommendations to the Board on nomination and appointment of directors and Board succession. The committee will also develop selection procedures for nomination of candidates, review the size, structure and composition of the Board, as well as assess the independence of independent non-executive directors. The committee is provided with sufficient resources enabling it to discharge its duties. The nomination committee comprises one executive director, Mr. SUN Ho, and three independent non-executive directors, namely, Ms. Monica Maria NUNES, Mr. FENG Qing and Dr. GAO Jack Qunyao.
 
Remuneration Committee
The remuneration committee was established on 24 June 2005 with written terms of reference in compliance with the requirements as set out in the GEM Listing Rules. The remuneration committee is responsible for formulating and recommending to the Board the remuneration policy, determining the remuneration of executive directors and members of senior management of the Group, as well as reviewing and making recommendations on the Company's share option scheme, bonus structure, provident fund and other compensation-related issues. The committee consults with the chairman/chief executive officer on its proposal and recommendations, and also has access to professional advice if deemed necessary by the committee. The committee is also provided with other resources enabling it to discharge its duties. The remuneration committee comprises three independent non-executive directors, namely, Ms. Monica Maria NUNES, Mr. FENG Qing and Dr. GAO Jack Qunyao.
 
Corporate Governance Committee
The corporate governance committee was established on 23 March 2012 with written terms of reference.  The corporate governance committee is to assist the Board in performing the corporate governance duties as required under the Corporate Governance Code and Corporate Governance Report set out in Appendix 15 to the GEM Listing Rules. The committee is also provided with sufficient resources enabling it to perform its duties. The corporate governance committee comprises the Chairman,  Mr. SUN Ho, and the Company Secretary, Mr. NG Lok Ming.
 
Procedures for Eligible Shareholders to Propose a Person for Election as Director of the Company
 
Constitutional Document
 

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WEBSITE

www.agtech.com

COMPANY INFORMATION

Listed Date 19 Jan 2004

Address Unit 3912, 39/F, Tower Two, Times Square, Causeway Bay, Hong Kong

Telephone (852) 2506 1668

Facsimile (852) 2506 1228

Email info@AGTech.com

No. of Click Rate

186877