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Company Profile and Strategies
  Directors and Management Team
   
 
The members of the Board of Directors and senior management are set out below: -

Executive Directors
Mr. Chong Tin Lung, Benny (Chairman/Chairman of Investment Committee)
Mr. Li Changfa (Chief Operating Officer)
Mr. Luk Yue Kan (Chief Financial Officer/Company Secretary)
Non-executive Director
Mr. Wu Wai Leung, Danny
Independent Non-executive Directors
Mr. Tsui King Fai (Chairman of Audit Committee)
Mr. Lee Kwan Hung (Chairman of Remuneration and Nomination Committees)
Mr. Shin Yick, Fabian
Senior Management
Mr. Li Changfa (Chief Operating Officer)
Mr. Luk Yue Kan (Chief Financial Officer/Company Secretary)

 

Executive Directors

Mr. Chong Tin Lung, Benny
Chairman/Chairman of Investment Committee

Mr. Chong, aged 45, was appointed as an executive Director, the chairman of the Board, the chairman of the investment committee and a member of each of the nomination committee and the remuneration committee of the Company with effect from 9 April 2018.

Mr. Chong is currently an executive director, the executive chairman and the chief executive officer of Auto Italia Holdings Limited (stock code: 720).

Mr. Chong is the founder of VMS Group and has served as its chairman since its establishment in 2006. He is also a director of VMS Investment Group Limited, which is a substantial shareholder of the Company. Mr. Chong has accumulated over 21 years of experience in the financial and investment industry. VMS Group is principally engaged in proprietary investments, private equity, asset management, securities brokerage and corporate finance advisory services.

Mr. Chong is a Chartered Financial Analyst. He obtained a Bachelor of Commerce from the University of Toronto in 1994 and a Master of Science in Investment Management from the Hong Kong University of Science and Technology in 2000.

Mr. Chong is the son of Ms. Mak Siu Hang, Viola, who is a substantial shareholder of the Company.

Mr. Li Changfa
Chief Operating Officer

Mr. Li, aged 71, was appointed as an executive Director and the chief operating officer of the Company on 1 March 2014. He is currently the chairman of the board of directors and legal representative of two PRC subsidiaries of the Company. He is responsible for the overall operation management and strategic development of the Group, and oversees the management, operation, sales and business development of the Yanjiazhuang Mine.

Mr. Li was professionally accredited economist by the Personnel Department of Henan Province (河南省人事廳) in 1992, and graduated from the China University of Petroleum with a major in business administration in 2006.

Mr. Li has over 20 years of experience in business operations, project management and mergers and acquisitions. From 1964 to 1992, he held various management positions in China ShenMa Group and numerous enterprises. From 1992 to 1999, he worked in the subsidiaries of the Ministry of Textile Industry and China General Chamber of Textile (中國紡織工業部及中國紡織總會), and participated in mergers and acquisitions, restructuring, establishment and management of corporations. From 2002 to 2008, he held various positions, including director and vice president of China Printed Circuit Association, mainly responsible for its policy study and industry development advisory.

Mr. Li was appointed as the vice-chairman of the China Chamber of International Commerce Guangzhou Chamber of Commerce in 2004. From 2006 to 2011, he was appointed as a member of the Eighth Guangzhou Baiyun District Committee of the Chinese People’s Political Consultative Conference of the People’s Republic of China.

Mr. Luk Yue Kan
Chief Financial Officer/Company Secretary

Mr. Luk, aged 43, was appointed as an executive Director and the chief financial officer of the Company on 1 April 2015 and is a member of the investment committee of the Company. He joined the Company in March 2011 as the financial controller. In November 2011, he assumed the additional role of company secretary of the Company. He oversees the trading business, car-park business, treasury management, financial reporting, company secretarial, human resources, risk management, mergers and acquisitions and investor relations matters of the Company. He is also a director and company secretary of various subsidiaries of the Company.

Mr. Luk holds an Executive MBA degree from Richard Ivey School of Business at The University of Western Ontario in Canada and a Bachelor’s degree in Accountancy from the Hong Kong Polytechnic University. He is a fellow member of the Hong Kong Institute of Certified Public Accountants, and an associate and a Certified Tax Advisor of the Taxation Institute of Hong Kong. Mr. Luk has over 21 years’ experience in auditing, accounting and financial management.

Non-executive Director

Mr. Wu Wai Leung, Danny

Mr. Wu, aged 58, was appointed as a non-executive Director on 21 May 2015. He is currently a member of each of the audit committee and the investment committee of the Company and a director of several subsidiaries of the Company. Mr. Wu is also an independent non-executive director of Qianhai Health Holdings Limited (stock code: 911).

Mr. Wu was previously the chairman of the investment committee of the Company for the period from 7 October 2016 to 9 April 2018. He was also previously an independent non-executive Director, a member of each of the audit committee, the remuneration committee and the nomination committee of the Company, up to his retirement at the conclusion of the 2015 AGM on 21 May 2015.

Mr. Wu was an executive director and the chief executive officer of Greenheart Group Limited (stock code: 94) up to his resignation on 2 November 2018.

He graduated from the University of Hong Kong with a Bachelor’s degree in social sciences in 1985.

Mr. Wu has over 20 years of experience in investing and business operations in Asia. Since 2003, Mr. Wu has been a director of First Gateway Capital Limited which engages in early stage investment, and investment advisory services to small and medium enterprises in Asia, with a focus in transportation, resource, manufacturing, technology and telecommunication companies. From 1985 to 2002, Mr. Wu served various management positions in Hong Kong Trade Development Council, the Hong Kong office of Quanta Industries Ltd., Sino-Wood Partners, Limited and had been a director of Sino Automotive Parts Limited. Between 2003 and 2006, Mr. Wu was the Economic Advisor of Weifang Municipal Overseas Investment Promotion Bureau, Shandong Province, the PRC.

Independent Non-executive Directors

Mr. Tsui King Fai
Chairman of Audit Committee

Mr. Tsui, aged 69, was appointed as an independent non-executive Director on 15 December 2010 and is the chairman of the audit committee and a member of each of the remuneration committee and the nomination committee of the Company.

He currently holds positions in the following companies:—

Name of company Title
Lippo Limited (stock code: 226) Independent non-executive director
Lippo China Resources Limited (stock code: 156) Independent non-executive director
Hongkong Chinese Limited (stock code: 655) Independent non-executive director
China Aoyuan Group Limited (stock code: 3883) Independent non-executive director
Vinda International Holdings Limited (stock code: 3331) Independent non-executive director

Moreover, Mr. Tsui was a director and senior consultant of WAG Worldsec Corporate Finance Limited up to his resignation on 30 June 2016.

Mr. Tsui graduated from the University of Houston with a Master of Science in Accountancy degree and a Bachelor of Business Administration degree with first class honors awarded in 1974 and 1973 respectively.

Mr. Tsui is a fellow member of the Hong Kong Institute of Certified Public Accountants and a member of each of the Chartered Accountants Australia and New Zealand, and the American Institute of Certified Public Accountants. He has extensive experience in accounting, finance and investment management, particularly in investments in China. Mr. Tsui had worked for two of the “Big Four” audit firms in Hong Kong and the United States of America.

Mr. Lee Kwan Hung
Chairman of Remuneration and Nomination Committees

Mr. Lee, aged 53, was appointed as an independent non-executive Director on 15 December 2010 and is the chairman of each of the remuneration committee and the nomination committee of the Company. Currently, he is a consultant of Howse Williams Bowers.

He currently also holds positions in the following listed companies:—

Name of company Title
Embry Holdings Limited (stock code: 1388) Independent non-executive director
NetDragon Websoft Holdings Limited (stock code: 777) Independent non-executive director
Tenfu (Cayman) Holdings Company Limited (stock code: 6868) Independent non-executive director
China BlueChemical Ltd. (stock code: 3983) Independent non-executive director
Landsea Green Group Co., Ltd. (stock code: 106) Independent non-executive director
Red Star Macalline Group Corporation Ltd. (stock code:1528) Independent non-executive director
FSE Services Group Limited (stock Code: 331) Independent non-executive director
Ten Pao Group Holdings Limited (stock Code: 1979) Independent non-executive director
China Goldjoy Group Limited (stock code:1282) Independent non-executive director

Mr. Lee was previously a member of the audit committee of the Company up to his resignation as such position with effect from 9 April 2018.

Moreover, he was an independent non-executive director of Vestate Group Holdings Limited (stock code: 1386), Futong Technology Development Holdings Limited (stock code: 465) and Asia Cassava Resources Holdings Limited (stock code: 841), up to his resignation on 1 April 2016, 18 November 2017 and 13 May 2018, respectively.

Mr. Lee holds a Bachelor of Laws (Honours) degree and Postgraduate Certificate in Laws from the University of Hong Kong. He was admitted as a solicitor in Hong Kong and the United Kingdom and is a practising lawyer. Between 1993 and 1994, Mr. Lee was a senior manager in the Listing Division of the Stock Exchange. Mr. Lee was a partner of Woo Kwan Lee & Lo between 2001 to 2011.

Mr. Shin Yick, Fabian

Mr. Shin, aged 50, was appointed as an independent non-executive Director on 14 August 2015 and is a member of each of the audit committee, the remuneration committee and the nomination committee of the Company.

Mr. Shin is currently the senior consultant of Dongxing Securities (Hong Kong) Co., Ltd., an independent non-executive director of Lisi Group (Holdings) Limited (stock code: 526) and China Tianrui Automotive Interiors Co. Ltd(stock code: 6162), a non-executive director of Pak Tak International Limited (stock code: 2668), those companies are listed on the Hong Kong Stock Exchange, and a director of BIO-key International, Inc. (NASDAQ: BKYI), a company whose shares are traded at the Nasdaq stock market of the United States. He was the chief executive officer of Well Link International Capital Limited (previously known as Zhaobangji International Capital Limited) from August 2015 to May 2018 and the deputy chief executive officer of CMB International Capital Limited from February 2010 to July 2015. Mr. Shin has over 28 years of experience in investment banking and financial management. Prior to joining CMB International Capital Limited, he worked in several investment banks in Hong Kong.

Mr. Shin was a non-executive director of Qianhai Health Holdings Limited (stock code: 911) from 6 January 2016 to 3 February 2016, an independent non-executive director of Huabang Financial Holdings Limited (stock code: 3638) from 30 September 2016 to 2 October 2018 and an independent non-executive director of China Shun Ke Long Holdings Limited (stock code: 974) from 19 August 2015 to 31 October 2018.

Mr. Shin graduated from the University of Birmingham in England with a Bachelor’s degree in commerce. After graduation, he worked in the audit department of Deloitte Touche Tohmatsu. He had also worked in a listed company in Hong Kong as group financial controller. He is a fellow member of Hong Kong Institute of Certified Public Accountants, The Association of Chartered Certified Accountants, The Institute of Chartered Secretaries and Administrators and The Hong Kong Institute of Chartered Secretaries.

Senior Management

Mr. Li Changfa
Chief Operating Officer

(Please refer to the profile details in above section)

Mr. Luk Yue Kan
Chief Financial Officer/Company Secretary

(Please refer to the profile details in above section)