Corporate Information


CSI Properties Limited is a leading HKSE-listed property investor/ developer in Greater China with approximately 2.5 million sq. ft. of properties in Hong Kong and Shanghai under active management development. The two key divisions are CSI INVESTMENT PROPERTIES, our investment property division, and COUTURE HOMES, the life-style luxury residential division.

CSI Investment Properties

CSI Investment Properties

CSI INVESTMENT PROPERTIES focuses on active repositioning and value enhancement of commercial properties. During these years, CSI has successfully leveraged on its management's strength in identifying strategically located properties, repackaging and repositioning them to improve rental yield and thereby bringing capital enhancement. Our unique property repositioning model has proven its success and the Group's total assets has increased from about HK$300 million in 2004 to over HKD 25.8 billion (as at 31 March 2018).

Couture Homes

Couture Homes

COUTURE HOMES, our market leading life-style luxury residential division, has achieved tremendous success and market recognition since its launch in 2010. Through a combination of internationally-renowned architectural and interior design together with bespoke life-style furnishing and interior decoration, COUTURE HOMES has set a new milestone for the definition of life-style living in Hong Kong and China.

Corporate Goal

With the twin growth engines from our investment property division CSI INVESTMENT PROPERTIES and life-style residential division COUTURE HOMES, CSI Properties Limited will continue the drive to become a major player in the Hong Kong/ China property market with target to drive the NAV to HK$40 billion in the future.

Business Model


CSI Investment Properties Couture Homes

Identify investment opportunities

Change of usage
Complete redevelopment
Ungrade & refurbishment
Improve tenant mix

Value Enhancement

Enhance capital value

Business Model


CSI Investment Properties Couture Homes
01

01 Sourcing

Active sourcing out of potential site.

02

02 Feasibility

Feasibility study to determine winning formula in providing unique residences to fulfil supply gap in locality.

03

03 Design & Development

World class design team to designing couture living style both internally and externally.

04

04 Construction & fitting out

Expert high quality construction adding to bespoke furnishing and experienced craftsmenship in creating uniqur residences.

05

05 Sales

Couture lifestyle selling experience.

Inspiring Lifestyle

Our Shares


Mico Chung
49.8%
Public Shareholder
50.2%
49.8%
50.2%

Shareholding interests based on approximately 9,807 million, the total number of issued shares as at 31 May 2019.

Corporate Governance


Executive Directors

Independent Non-Executive Directors

Dr. Lam Lee G.

Dr. Lam Lee G., aged 59, joined the Group in 2001. He is a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Board. Dr. Lam has over 30 years of international experience in general management, management consulting, corporate governance, direct investment, investment banking and fund management across the telecommunications / media / technology (TMT), consumer / healthcare, infrastructure / real estates, energy / resources and financial services sectors. He is currently the Chairman of Hong Kong Cyberport Management Company Limited, Non-Executive Chairman – Hong Kong and ASEAN Region and Chief Adviser to Macquarie Infrastructure and Real Assets Asia, a member of the Hong Kong Special Administrative Region Government’s Committee on Innovation, Technology and Re-Industrialization, and the Court of the City University of Hong Kong, Convenor of the Panel of Advisors on Building Management Disputes of the Hong Kong Special Administrative Region Government Home Affairs Department, President of the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) Sustainable Business Network (ESBN) Executive Council and Chairman of its Task Force on Banking and Finance, Chairman of the Permanent Commission on Economic and Financial Issues of World Union of Small and Medium Enterprises (WUSME), Vice Chairman of Pacific Basin Economic Council (PBEC), a member of the Hong Kong Trade Development Council Belt and Road Committee and Convenor of its Digital Silk Road Working Group, the Sir Murray MacLehose Trust Fund Investment Advisory Committee, Honorary Advisor to the Hong Kong Business Angel Network (HKBAN), Honorary Chairman – Asia Pacific of CMA Australia, Chairman of Monte Jade Science and Technology Association of Hong Kong, President of Hong Kong-ASEAN Economic Cooperation Foundation, a Vice President of the Hong Kong Real Property Federation, Special Adviser to the Asia Pacific Real Estates Association, a Board member of the Chinese General Chamber of Commerce of Hong Kong and the Australian Chamber of Commerce in Hong Kong and Macau, a founding Board member and the Honourary Treasurer of the Hong Kong Vietnam Chamber of Commerce, Vice Chairman of the Hong Kong Myanmar Chamber of Commerce, a founding member of the Hong Kong-Korea Business Council, and a member of the Hong Kong-Thailand Business Council.

Dr. Lam earlier served as a part-time member of the Hong Kong Special Administrative Region Government’s Central Policy Unit, and a member of the Task Force on Industry Facilitation under the Digital 21 Strategy Advisory Committee, the Assessment Panel of the Small Entrepreneur Research Assistance Programme under the Innovation and Technology Fund, the Derivatives Market Consultative Panel of Hong Kong Exchanges and Clearing Limited, the General Council and the Corporate Governance Committee of the Chamber of Hong Kong Listed Companies, the New Business Committee of the Hong Kong Financial Services Development Council, the Education Bureau School Allocation Committee, the Council on Professional Conduct in Education (CPC), and the Legal Aid Services Council.

Dr. Lam is an independent non-executive director of each of Mei Ah Entertainment Group Limited, Vongroup Limited, Glorious Sun Enterprises Limited and Haitong Securities Co., Ltd. and it is also listed on the Shanghai Stock Exchange, Elife Holdings Limited (formerly known as Sino Resources Group Limited), Hang Pin Living Technology Company Limited (formerly known as Hua Long Jin Kong Company Limited), Huarong Investment Stock Corporation Limited, Hsin Chong Group Holdings Limited, Kidsland International Holdings Limited and Mingfa Group (International) Company Limited and Aurum Pacific (China) Group Limited, and a non-executive director of each of Tianda Pharmaceuticals Limited, China Shandong Hi-Speed Financial Group Limited, Sunwah Kingsway Capital Holdings Limited, China LNG Group Limited and National Arts Entertainment and Culture Group Limited, the shares of all of which are listed on the Stock Exchange. He is an independent non-executive director of each of China Real Estate Grp Limited (former name Asia-Pacific Strategic Investments Limited), and Top Global Limited, and JCG Investment Holdings Ltd. (formerly known as China Medical (International) Group Limited) and non-executive director of Singapore eDevelopment Limited, the shares of all of which are listed on the Singapore Exchange. Dr. Lam is also an independent director of Sunwah International Limited whose shares are listed on the Toronto Stock Exchange; an independent nonexecutive director of AustChina Holdings Limited (formerly known as Coalbank Limited), the shares of which are listed on the Australian Securities Exchange;); an independent non-executive director of Thomson Medical Group Limited, the shares of which are listed on Singapore Exchange; an independent non-executive director of TMC Life Sciences Berhad, the shares of which are listed on the Main Board of Bursa Malaysia Securities Bhd, and non-executive director of Adamas Finance Asia Limited, the shares of which are listed on the London Stock Exchange.

Dr. Lam was non-executive director of Roma Group Limited up to December 2017, and he was also an independent non-executive director of Xi’an Haitiantian Holdings Co., Ltd. up to July 2018 and Imagi International Holdings Limited up to 28 January 2016, the shares of all of which are listed on the Stock Exchange, Rowsley Limited up to April 2018, the shares of which are listed on the Singapore Exchange, and Vietnam Equity Holding up to February 2018, the shares of which are listed on the Stuttgart Stock Exchange.

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Mr. Cheng Yuk Wo

Mr. Cheng Yuk Wo, aged 58, joined the Group in 2002. He is Chairman of Audit Committee and Remuneration Committee, and a member of Nomination Committee of the Board. Mr. Cheng is a fellow of the Institute of Chartered Accountants in England and Wales and the Hong Kong Institute of Certified Public Accountants, and a member of the Institute of Chartered Professional Accountants of Canada. He is a co-founder of a Hong Kong merchant banking firm and is the proprietor of a certified public accountant practice in Hong Kong. Mr. Cheng obtained a Master of Science (Economics) degree in Accounting and Finance from the London School of Economics, England and a Bachelor of Arts (Honours) degree in Accounting from the University of Kent, England. Mr. Cheng had worked at Coopers and Lybrand (now known as PricewaterhouseCoopers) in London and with Swiss Bank Corporation (now known as UBS AG) in Toronto.

Mr. Cheng is an independent non-executive director of C.P. Lotus Corporation, Chong Hing Bank Limited, Goldbond Group Holdings Limited, HKC (Holdings) Limited, CPMC Holdings Limited, Top Spring International Holdings Limited, Liu Chong Hing Investment Limited, Chia Tai Enterprises International Limited, DTXS Silk Road Investment Holdings Company Limited, Miricor Enterprises Holdings Limited, Somerley Capital Holdings Limited and Kidsland International Holdings Limited, the shares of all of which are listed on the Stock Exchange.

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Dr. Lo Wing Yan, William

Dr. Lo Wing Yan, William, JP, aged 58, joined the Group in 2014. He is a member of the Audit Committee of the Board. He is currently the Chairman of Captcha Media Limited, a digital marketing and strategy agency, OtoO Academy Limited, a new retail advisory platform, and Strategenes Limited, a financial and strategy advisory firm in Hong Kong. Dr. Lo is a Founding Governor of the Charles K Kao Foundation for Alzheimer’s Disease as well as The Independent Schools Foundation Academy, one of the most well-known independent schools in Hong Kong. He has also been the Chairman of Junior Achievement Hong Kong since 2013. Dr. Lo started his business career at McKinsey & Company and had subsequently held various top management posts at HK Telecom, Cable & Wireless plc, Citibank, WPP plc, China Unicom, I.T Limited, South China Media Group and Kidsland International Holdings Ltd. He is renowned for being the founder of Netvigator, the largest Internet business in Hong Kong, as well as iTV (the predecessor of NowTV), the first interactive and ondemand TV service in the world. Dr. Lo obtained a MPhil degree in Molecular Pharmacology and a PhD degree in Genetic Engineering/Neuroscience, both from Cambridge University, UK. In 1996, he was selected as a “Global Leader for Tomorrow” by the Davos-based renowned global organization World Economic Forum. In 2000, he was selected as one of the top 25 Asia’s Digital Elites by the Asia Week magazine. Dr. Lo has held numerous Government appointments during his career and is currently a member of the Cyberport Advisory Panel and a Member of the Hospital Governing Committee of HK Red Cross Blood Transfusion Service. He was a board member of the Broadcasting Authority as well as the Hong Kong Applied Sicence and Technology Research Institute and the Science Park. He was also a founding member of the Growth Enterprise Market (GEM) Listing Committee of the Stock Exchange. In 1999, Dr. Lo was appointed a Justice of the Peace (JP) of HKSAR Government for his contribution to Hong Kong. During the period 2003-2016, Dr. Lo was a Committee Member of Shantou People’s Political Consultative Conference.

Dr. Lo is an independent non-executive director of Jingrui Holdings Limited, SITC International Holdings Company Limited, Television Broadcasts Limited, Ronshine China Holdings Limited and Hsin Chong Group Holdings Limited, the shares of all of which are listed on the Stock Exchange. Also, Dr. Lo is an independent non-executive director of Nam Tai Property, Inc., the shares of which are listed on the New York Stock Exchange.

Dr. Lo was an executive director of SMI Holdings Group Limited from 18 January 2019 to 1 April 2019 and Kidsland International Holdings Limited up to December 2018, the shares of both of which are listed on the Stock Exchange.

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Hon. Shek Lai Him, Abraham

Hon. Shek Lai Him, Abraham, GBS, JP, aged 74, joined the Group in 2018. He is a member of Audit Committee of the Board. Mr. Shek obtained a bachelor degree of arts and a diploma in education in the University of Sydney in May 1969 and March 1970 respectively. He became the honorary fellow of Lingnan University, The Hong Kong University of Science and Technology, The University of Hong Kong and The Education University of Hong Kong in November 2008, June 2014, September 2016 and March 2018 respectively. In addition to his achievements in the academic field, Mr. Shek has also earned certain honorary titles in various ambits. He was appointed as Justice of the Peace in July 1995 and awarded the Silver Bauhinia Star and Gold Bauhinia Star in the Hong Kong Special Administrative Region 2007 and 2013 Honors Lists respectively. He has also been a member of the advisory committee board of the Independent Commission Against Corruption since January 2017. Mr. Shek is currently a member of the Legislative Council for the Hong Kong Special Administrative Region, the Court Member of The Hong Kong University of Science and Technology, the Court and the Council Member of The University of Hong Kong, a non-executive director of Mandatory Provident Fund Schemes Authority of Hong Kong and Chairman and an Independent Member of the Board of Governors of English Schools Foundation.

In addition, Mr. Shek is an independent non-executive director of the following listed companies, all of which are listed on the Stock Exchange: (a) Paliburg Holdings Limited; (b) Lifestyle International Holdings Limited; (c) Chuang’s Consortium International Limited; (d) NWS Holdings Limited; (e) Country Garden Holdings Company Limited; (f) SJM Holdings Limited; (g) Chuang’s China Investments Limited; (h) Hop Hing Group Holdings Limited; (i) ITC Properties Group Limited; (j) China Resources Cement Holdings Limited; (k) Lai Fung Holdings Limited; (l) Cosmopolitan International Holdings Limited; (m) Goldin Financial Holdings Limited; (n) Everbright Grand China Assets Limited; (o) Regal Portfolio Management Limited, the manager of Regal Real Estate Investment Trust; and (p) Eagle Asset Management (CP) Limited, the manager of Champion Real Estate Investment Trust.

Mr. Shek was also an independent non-executive director of the following companies, all of which are listed on the Stock Exchange: (a) ITC Corporation Limited (now known as PT International Development Corporation Limited) up to March 2017; and (b) Midas International Holdings Limited (now known as Magnus Concordia Group Limited) up to January 2018; and (c) MTR Corporation Limited up to May 2019.

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FAQ


CSI Properties Limited (“CSI”) is listed on the main board of the Hong Kong Stock Exchange. The stock codes of CSI are as follow:
Local Market Stock Code: 00497
Bloomberg Code: 497 HK
Reuters Code: 497.HK

As at 31 March 2018, the structure of CSI’s share capital was as follows:
Authorized shares: 22,500,000,000 ordinary shares of HK$0.80 cent each
Issued and fully paid shares: 10,487,039,676 ordinary shares of HK$0.80 cent each

As at 31 January 2019, the major shareholder for CSI, Mr. Mico Chung, owns in aggregate a total of 5,008,562,062 shares or approximately 49.9% of the total issued shares.

Please contact our Hong Kong Shares Registrar: Computershare Hong Kong Investor Services Limited 17M/F & 17/F Hopewell Centre 183 Queen's Road East Wanchai Hong Kong Telephone No.: (852) 2862 8555 Fascimile No.: (852) 2865 0990

About Financials

CSI’s financial year end is 31 March each year. Annual results are usually announced at end of June, while the interim results are usually announced at end of November.

CSI reports its consolidated financial statements with Hong Kong Dollar as the reporting currency.

Currently, Deloitte Touche Tohmatsu, CPA is the Independent Auditors of CSI and its subsidiaries.

Currently, the Independent Property Valuers for CSI’s property portfolio are DTZ and JLL.

As one of the principle businesses of CSI is property investment, all such investments made in our ordinary course of business are stated at the lower of cost and net realisable value on individual property basis in accordance with the current accounting standards.

Currently, the principal bankers of CSI include HSBC, ICBC (Asia), Bank of East Asia, DBS Bank (HK), Hang Seng Bank and China Construction Bank (Asia).

Our auditors conducted the audit in accordance with Hong Kong Standards on Auditing issued by the Hong Kong Institute of Certified Public Accountants. Those standards require that our auditors comply with ethical requirements and plan and perform the audit to obtain reasonable assurance as to whether the financial statements are free from material misstatement.

CSI’s annual reports and interim reports can be downloaded from our website (www.csigroup.hk) under Investor Relations – Financial Reports or the Hong Kong Stock Exchange’s website (www.hkexnews.hk).

Finance Asia

CSI Investment Properties - 2018

Asia Property Award (Hong Kong)

Couture Homes - 2018

HKT Smart Living Award

Couture Homes - 2018

Kinpan Award

Couture Homes - 2018

International Property Award

Couture Homes - 2018

The Asset Award

CSI Investment Properties - 2017

Asia Property Award (Hong Kong)

Couture Homes - 2017

ED Award

CSI Investment Properties - 2017

HKEJ Award

CSI Investment Properties - 2017

The Asset Award

CSI Investment Properties - 2016

HKEJ Award

CSI Investment Properties - 2016

Finance Asia

CSI Investment Properties - 2013

Chairman and Executive Director
Mr. Chung Cho Yee, Mico

Mr. Chung Cho Yee, Mico, aged 58, Chairman and Executive Director of the Company, joined the Company in 2004. He is a director of certain subsidiaries of the Group. He is also the Chairman of Executive Committee and Nomination Committee, and a member of Remuneration Committee of the Board. Mr. Chung graduated from University College, University of London in the United Kingdom, with a law degree in 1983 and qualified as a solicitor in Hong Kong in 1986. Mr. Chung is currently a non-executive director of HKT Limited and HKT Management Limited, the trustee-manager of the HKT Trust and an independent non-executive director of HKC (Holdings) Limited, the shares of both of which are listed on the Stock Exchange. Mr. Chung is the brother-in-law of Mr. Kan Sze Man, an executive director of the Company.

Executive Director and Chief Operating Officer
Mr. Kan Sze Man

Mr. Kan Sze Man, aged 47, joined the Company as Group General Counsel in 2001 and has been the Chief Operating Officer since 2016. He is a director of certain subsidiaries and associates of the Group and a member of Executive Committee of the Board. Mr. Kan is a qualified solicitor by profession. He graduated from Wadham College, Oxford University in the United Kingdom in 1993 and qualified as solicitor in Hong Kong in 1997. He has worked in the commercial department of a Hong Kong law firm and a U.K. City firm, until joining Hikari Tsushin International Limited (now known as China Oil and Gas Group Limited) as its senior vice president and legal counsel in early 2000. Mr. Kan is currently a non-executive director of BCI Group Holdings Limited (a company of which the Company is a substantial shareholder and which shares are listed on the Growth Enterprise Market of the Stock Exchange). Mr. Kan is the brother-in-law of Mr. Chung Cho Yee, Mico, the Chairman and the controlling shareholder of the Company.

Executive Director & Group Chief Financial Officer
Mr. Chow Hou Man

Mr. Chow Hou Man, aged 48, joined the Company as Group Chief Financial Officer in 2001. He is a director of certain subsidiaries and associates of the Group and a member of Executive Committee of the Board. Mr. Chow graduated from the Baptist University in Hong Kong and holds a Master of Business Administration degree from the Hong Kong Polytechnic University. He has over 20 years of financial experience in various companies listed in Hong Kong and overseas and an international firm of certified public accountants. He is a member of both the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants.

Executive Director
Mr. Fong Man Bun, Jimmy

Mr. Fong Man Bun, Jimmy, aged 54, joined the Company in 2011 and is a Managing Director of Couture Homes Properties Limited, a wholly-owned subsidiary of the Company. He is also a director of certain subsidiaries and associates of the Group and a member of Executive Committee of the Board. Mr. Fong is mainly responsible for identifying and advising on residential development and investment for both acquisition and disposal planning of the Group. Mr. Fong has over 25 years’ solid experience in luxury residential real estate project development and investment and has in-depth knowledge of the property market. He worked as a Director of Savills Hong Kong Limited (formerly known as First Pacific Davis) since 1993. Mr. Fong has worked in Shanghai, PRC in the 90’s and also in the real estate department of Jones Lang Wotton (now known as Jones Lang LaSalle) in 1989.

Dr. Lam Lee G.

Dr. Lam Lee G., aged 59, joined the Group in 2001. He is a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Board. Dr. Lam has over 30 years of international experience in general management, management consulting, corporate governance, direct investment, investment banking and fund management across the telecommunications / media / technology (TMT), consumer / healthcare, infrastructure / real estates, energy / resources and financial services sectors. He is currently the Chairman of Hong Kong Cyberport Management Company Limited, Non-Executive Chairman – Hong Kong and ASEAN Region and Chief Adviser to Macquarie Infrastructure and Real Assets Asia, a member of the Hong Kong Special Administrative Region Government’s Committee on Innovation, Technology and Re-Industrialization, and the Court of the City University of Hong Kong, Convenor of the Panel of Advisors on Building Management Disputes of the Hong Kong Special Administrative Region Government Home Affairs Department, President of the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) Sustainable Business Network (ESBN) Executive Council and Chairman of its Task Force on Banking and Finance, Chairman of the Permanent Commission on Economic and Financial Issues of World Union of Small and Medium Enterprises (WUSME), Vice Chairman of Pacific Basin Economic Council (PBEC), a member of the Hong Kong Trade Development Council Belt and Road Committee and Convenor of its Digital Silk Road Working Group, the Sir Murray MacLehose Trust Fund Investment Advisory Committee, Honorary Advisor to the Hong Kong Business Angel Network (HKBAN), Honorary Chairman – Asia Pacific of CMA Australia, Chairman of Monte Jade Science and Technology Association of Hong Kong, President of Hong Kong-ASEAN Economic Cooperation Foundation, a Vice President of the Hong Kong Real Property Federation, Special Adviser to the Asia Pacific Real Estates Association, a Board member of the Chinese General Chamber of Commerce of Hong Kong and the Australian Chamber of Commerce in Hong Kong and Macau, a founding Board member and the Honourary Treasurer of the Hong Kong Vietnam Chamber of Commerce, Vice Chairman of the Hong Kong Myanmar Chamber of Commerce, a founding member of the Hong Kong-Korea Business Council, and a member of the Hong Kong-Thailand Business Council.

Dr. Lam earlier served as a part-time member of the Hong Kong Special Administrative Region Government’s Central Policy Unit, and a member of the Task Force on Industry Facilitation under the Digital 21 Strategy Advisory Committee, the Assessment Panel of the Small Entrepreneur Research Assistance Programme under the Innovation and Technology Fund, the Derivatives Market Consultative Panel of Hong Kong Exchanges and Clearing Limited, the General Council and the Corporate Governance Committee of the Chamber of Hong Kong Listed Companies, the New Business Committee of the Hong Kong Financial Services Development Council, the Education Bureau School Allocation Committee, the Council on Professional Conduct in Education (CPC), and the Legal Aid Services Council.

Dr. Lam is an independent non-executive director of each of Mei Ah Entertainment Group Limited, Vongroup Limited, Glorious Sun Enterprises Limited and Haitong Securities Co., Ltd. and it is also listed on the Shanghai Stock Exchange, Elife Holdings Limited (formerly known as Sino Resources Group Limited), Hang Pin Living Technology Company Limited (formerly known as Hua Long Jin Kong Company Limited), Huarong Investment Stock Corporation Limited, Hsin Chong Group Holdings Limited, Kidsland International Holdings Limited and Mingfa Group (International) Company Limited and Aurum Pacific (China) Group Limited, and a non-executive director of each of Tianda Pharmaceuticals Limited, China Shandong Hi-Speed Financial Group Limited, Sunwah Kingsway Capital Holdings Limited, China LNG Group Limited and National Arts Entertainment and Culture Group Limited, the shares of all of which are listed on the Stock Exchange. He is an independent non-executive director of each of China Real Estate Grp Limited (former name Asia-Pacific Strategic Investments Limited), and Top Global Limited, and JCG Investment Holdings Ltd. (formerly known as China Medical (International) Group Limited) and non-executive director of Singapore eDevelopment Limited, the shares of all of which are listed on the Singapore Exchange. Dr. Lam is also an independent director of Sunwah International Limited whose shares are listed on the Toronto Stock Exchange; an independent nonexecutive director of AustChina Holdings Limited (formerly known as Coalbank Limited), the shares of which are listed on the Australian Securities Exchange;); an independent non-executive director of Thomson Medical Group Limited, the shares of which are listed on Singapore Exchange; an independent non-executive director of TMC Life Sciences Berhad, the shares of which are listed on the Main Board of Bursa Malaysia Securities Bhd, and non-executive director of Adamas Finance Asia Limited, the shares of which are listed on the London Stock Exchange.

Dr. Lam was non-executive director of Roma Group Limited up to December 2017, and he was also an independent non-executive director of Xi’an Haitiantian Holdings Co., Ltd. up to July 2018 and Imagi International Holdings Limited up to 28 January 2016, the shares of all of which are listed on the Stock Exchange, Rowsley Limited up to April 2018, the shares of which are listed on the Singapore Exchange, and Vietnam Equity Holding up to February 2018, the shares of which are listed on the Stuttgart Stock Exchange.

Mr. Cheng Yuk Wo

Mr. Cheng Yuk Wo, aged 58, joined the Group in 2002. He is Chairman of Audit Committee and Remuneration Committee, and a member of Nomination Committee of the Board. Mr. Cheng is a fellow of the Institute of Chartered Accountants in England and Wales and the Hong Kong Institute of Certified Public Accountants, and a member of the Institute of Chartered Professional Accountants of Canada. He is a co-founder of a Hong Kong merchant banking firm and is the proprietor of a certified public accountant practice in Hong Kong. Mr. Cheng obtained a Master of Science (Economics) degree in Accounting and Finance from the London School of Economics, England and a Bachelor of Arts (Honours) degree in Accounting from the University of Kent, England. Mr. Cheng had worked at Coopers and Lybrand (now known as PricewaterhouseCoopers) in London and with Swiss Bank Corporation (now known as UBS AG) in Toronto.

Mr. Cheng is an independent non-executive director of C.P. Lotus Corporation, Chong Hing Bank Limited, Goldbond Group Holdings Limited, HKC (Holdings) Limited, CPMC Holdings Limited, Top Spring International Holdings Limited, Liu Chong Hing Investment Limited, Chia Tai Enterprises International Limited, DTXS Silk Road Investment Holdings Company Limited, Miricor Enterprises Holdings Limited, Somerley Capital Holdings Limited and Kidsland International Holdings Limited, the shares of all of which are listed on the Stock Exchange.

Dr. Lo Wing Yan, William

Dr. Lo Wing Yan, William, JP, aged 58, joined the Group in 2014. He is a member of the Audit Committee of the Board. He is currently the Chairman of Captcha Media Limited, a digital marketing and strategy agency, OtoO Academy Limited, a new retail advisory platform, and Strategenes Limited, a financial and strategy advisory firm in Hong Kong. Dr. Lo is a Founding Governor of the Charles K Kao Foundation for Alzheimer’s Disease as well as The Independent Schools Foundation Academy, one of the most well-known independent schools in Hong Kong. He has also been the Chairman of Junior Achievement Hong Kong since 2013. Dr. Lo started his business career at McKinsey & Company and had subsequently held various top management posts at HK Telecom, Cable & Wireless plc, Citibank, WPP plc, China Unicom, I.T Limited, South China Media Group and Kidsland International Holdings Ltd. He is renowned for being the founder of Netvigator, the largest Internet business in Hong Kong, as well as iTV (the predecessor of NowTV), the first interactive and ondemand TV service in the world. Dr. Lo obtained a MPhil degree in Molecular Pharmacology and a PhD degree in Genetic Engineering/Neuroscience, both from Cambridge University, UK. In 1996, he was selected as a “Global Leader for Tomorrow” by the Davos-based renowned global organization World Economic Forum. In 2000, he was selected as one of the top 25 Asia’s Digital Elites by the Asia Week magazine. Dr. Lo has held numerous Government appointments during his career and is currently a member of the Cyberport Advisory Panel and a Member of the Hospital Governing Committee of HK Red Cross Blood Transfusion Service. He was a board member of the Broadcasting Authority as well as the Hong Kong Applied Sicence and Technology Research Institute and the Science Park. He was also a founding member of the Growth Enterprise Market (GEM) Listing Committee of the Stock Exchange. In 1999, Dr. Lo was appointed a Justice of the Peace (JP) of HKSAR Government for his contribution to Hong Kong. During the period 2003-2016, Dr. Lo was a Committee Member of Shantou People’s Political Consultative Conference.

Dr. Lo is an independent non-executive director of Jingrui Holdings Limited, SITC International Holdings Company Limited, Television Broadcasts Limited, Ronshine China Holdings Limited and Hsin Chong Group Holdings Limited, the shares of all of which are listed on the Stock Exchange. Also, Dr. Lo is an independent non-executive director of Nam Tai Property, Inc., the shares of which are listed on the New York Stock Exchange.

Dr. Lo was an executive director of SMI Holdings Group Limited from 18 January 2019 to 1 April 2019 and Kidsland International Holdings Limited up to December 2018, the shares of both of which are listed on the Stock Exchange.

Hon. Shek Lai Him, Abraham

Hon. Shek Lai Him, Abraham, GBS, JP, aged 74, joined the Group in 2018. He is a member of Audit Committee of the Board. Mr. Shek obtained a bachelor degree of arts and a diploma in education in the University of Sydney in May 1969 and March 1970 respectively. He became the honorary fellow of Lingnan University, The Hong Kong University of Science and Technology, The University of Hong Kong and The Education University of Hong Kong in November 2008, June 2014, September 2016 and March 2018 respectively. In addition to his achievements in the academic field, Mr. Shek has also earned certain honorary titles in various ambits. He was appointed as Justice of the Peace in July 1995 and awarded the Silver Bauhinia Star and Gold Bauhinia Star in the Hong Kong Special Administrative Region 2007 and 2013 Honors Lists respectively. He has also been a member of the advisory committee board of the Independent Commission Against Corruption since January 2017. Mr. Shek is currently a member of the Legislative Council for the Hong Kong Special Administrative Region, the Court Member of The Hong Kong University of Science and Technology, the Court and the Council Member of The University of Hong Kong, a non-executive director of Mandatory Provident Fund Schemes Authority of Hong Kong and Chairman and an Independent Member of the Board of Governors of English Schools Foundation.

In addition, Mr. Shek is an independent non-executive director of the following listed companies, all of which are listed on the Stock Exchange: (a) Paliburg Holdings Limited; (b) Lifestyle International Holdings Limited; (c) Chuang’s Consortium International Limited; (d) NWS Holdings Limited; (e) Country Garden Holdings Company Limited; (f) SJM Holdings Limited; (g) Chuang’s China Investments Limited; (h) Hop Hing Group Holdings Limited; (i) ITC Properties Group Limited; (j) China Resources Cement Holdings Limited; (k) Lai Fung Holdings Limited; (l) Cosmopolitan International Holdings Limited; (m) Goldin Financial Holdings Limited; (n) Everbright Grand China Assets Limited; (o) Regal Portfolio Management Limited, the manager of Regal Real Estate Investment Trust; and (p) Eagle Asset Management (CP) Limited, the manager of Champion Real Estate Investment Trust.

Mr. Shek was also an independent non-executive director of the following companies, all of which are listed on the Stock Exchange: (a) ITC Corporation Limited (now known as PT International Development Corporation Limited) up to March 2017; and (b) Midas International Holdings Limited (now known as Magnus Concordia Group Limited) up to January 2018; and (c) MTR Corporation Limited up to May 2019.