Board and Board Committees

Audit Committee

Chairman
Mr CHENG Sui Sang, MBA, BEc, CPA

Mr CHENG Sui Sang, MBA, BEc, CPA

Mr CHENG Sui Sang (“Mr Cheng”) has been appointed as an Independent Non-executive Director since 1 January 2014. He is also the chairmen of both the Audit Committee and the Remuneration Committee, and a member of the Nomination Committee.

Mr Cheng has extensive experiences in banking, finance and investment fields. He is an associate member of the Hong Kong Institute of Certified Public Accountants.

Mr Cheng was a director of Cosmopolitan International Holdings Limited, a company listed in the Stock Exchange, from August 2006 to June 2014 and a director of Chi Cheung Investment Company, Limited (now known as LT Holdings Limited), a company listed in the Stock Exchange, from 1997 to 2000.

He has held senior management positions in companies in Hong Kong and overseas, as well as several companies listed in the Stock Exchange. He has also been involved in private consulting working in the PRC and Hong Kong. He holds a Bachelor’s degree in Economics and a Master’s degree in Business Administration.


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Members
Mr CHUI Kwong Kau

Mr CHUI Kwong Kau

Mr CHUI Kwong Kau (“Mr Chui”) has been appointed as a Non-executive Director since 23 May 2015. He is also a member of Audit Committee.

Mr Chui is an executive director of China Energy Development Holdings Limited (stock code: 228), and a non-executive director of Ngai Shun Holdings Limited (stock code: 1246) and DeTai New Energy Group Limited (stock code: 559) respectively, the shares of which are all listed on the Main Board of the Stock Exchange. He is also an executive director of Hong Kong Life Sciences and Technologies Group Limited (stock code: 8085) and was an independent non-executive director of Aurum Pacific (China) Group Limited (stock code: 8148), the shares of which are all listed on the Growth Enterprise Market of the Stock Exchange.

He has over 15 years’ experiences in accounting and auditing fields.


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Mr George YUEN Kam Ho

Mr George YUEN Kam Ho

Mr George YUEN Kam Ho (“Mr Yuen”) has been appointed as an Independent Non-executive Director since 12 July 2016. He is also a member of each of the Audit Committee, Remuneration Committee and Nomination Committee respectively.

Mr Yuen is currently an independent non-executive director of Easy One Financial Group Limited (formerly known as “PNG Resources Holdings Limited”), a company listed on the Stock Exchange and an independent non-executive director of Industrial and Commercial Bank of China (Asia) Limited which was listed on the Stock Exchange before being privatised on 21 December 2010. He was a director of Visteon Corporation, a company listed on the New York Stock Exchange.

Mr Yuen is currently a special adviser of China National Committee for Pacific Economic Cooperation, a member of the University of Hong Kong Convocation, a member of the Court of the University of Hong Kong and a council member of U.N. Economic and Social Commission for Asia and the Pacific.

Mr Yuen graduated from The University of Hong Kong with a Bachelor’s Degree (Honours) in Economics and Political Science. Mr Yuen has attended post-graduate studies in international marketing management at the International Marketing Institute, Cambridge, Massachusetts, U.S.A. and has completed the Hong Kong Administrators Course (commissioned by the Hong Kong Government) in public administration and international relations at Oxford University, the United Kingdom, and the International Executive Program in INSEAD, France respectively. In June 2003, Mr Yuen was admitted to the Leadership in Development Program organised by Kennedy School of Government, Harvard University, U.S.A. In June 2004, Standford University, California, U.S.A. had also invited Mr Yuen to participate in its “Corporate Governance” forum and in early 2006, the University awarded a fellowship to Mr Yuen as a non-profit leader at its Center for Social Innovation.

Mr Yuen has been Chief Executive Officer of “The Better Hong Kong Foundation” for nine years from September 1997. Prior to his joining “The Better Hong Kong Foundation”, Mr Yuen was the Assistant Director and Acting Deputy Director of the Information Services Department of the Hong Kong Government. Mr Yuen played an active role in organising significant international conferences in Hong Kong and held multiple public offices, including being a board member of the East-west Strategic Development Commission. From 2003 to 2007, Mr Yuen was a member of the Pan-Pearl River Delta Panel of the Central Policy Unit (“CPU”) of the HKSAR Government. From January 2006 to January 2013, Mr Yuen was a member of the Committee of Guangxi Zhuang Autonomous Region, the Chinese People’s Political Consultative Conference, an adviser of the Institute of Finance and Trade Economics, Chinese Academy of Social Sciences, an adviser of Center for Hong Kong and Macao Research, Shanghai Academy of Social Sciences, China, and an adviser of Guangzhou Municipal Board for International Investment, China.

Mr Yuen is a fellow member of the Hong Kong Institute of Directors, a member of the British Institute of Management and the Institute of Marketing, U.K., and was also commended by the U.S. President, George W. Bush for his efforts in support of coalition’s campaign against global terrorism.


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Mr LAI Chik Fan

Mr LAI Chik Fan (“Mr Lai’) has been appointed as the Independent Non-executive Director with effect from 8 June 2017. He has also been appointed as members of the Nomination, Remuneration and Audit Committees with effect from 8 June 2017.

Mr Lai possesses extensive professional experience in financial management, securities and capital investment. Mr Lai holds a Bachelor degree of Science from Indiana State University in the United States. Mr Lai Chik Fan is the principal of AR Evans Capital Partners Inc. He has more than 35 years of experience in the financial services sector, mainly in stock broking and investment banking.

Mr Lai previously served as advisor to the Board of Directors of Asia Securities Global Ltd. and was CEO of Koffman Financial Holdings Ltd. He had held senior positions at various reputable financial institutions in Hong Kong, including the role of Managing Director at Smith Barney Shearson (Asia) Ltd. Merrill Lynch (Asia Pacific) Limited and Paine Webber Hong Kong Ltd. He was the Group CEO of Chin Tung Financial Holdings which eventually became part of Standard Chartered Asia Ltd. in 1988.

Mr Lai was a Non-executive Director of CCT Fortis Holdings Limited (stock code: 138) from 8 October 1991 to 29 June 1992, a Non-executive Director of GCL New Energy Holdings Limited (stock code: 451) from 13 February 1992 to 15 May 1992, an Independent Nonexecutive Director of Shanghai Zendai Property Limited (stock code: 755) from 18 May 2004 to 25 May 2017. Further, he was an Executive Director of Century Ginwa Retail Holdings Limited (stock code: 162) from 11 August 2007 to 9 October 2008 respectively, the shares of which are all listed on the Main Board of the Stock Exchange.

In addition, Mr Lai was an Independent Non-executive Director of China Demeter Financial Investments Limited (stock code: 8120) from 21 October 2004 to 22 January 2007, and redesignated as a Non-executive Director of China Demeter Financial Investments Limited (stock code: 8120) from 22 January 2007 to 9 August 2007, the share of which is listed on the Growth Enterprise Market of the Stock Exchange.


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