Edition:
United Kingdom

Sitoy Group Holdings Ltd (1023.HK)

1023.HK on Hong Kong Stock

2.05HKD
7 Dec 2018
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Summary

Name Age Since Current Position

Wah Keung Yeung

64 Executive Chairman of the Board

Wo Fai Yeung

60 Chief Executive Officer, Executive Director

Kin Shing Lau

62 2017 Executive Director, Company Secretary

Kin Yeung

39 Executive Director

Po Chuen Kwan

54 2011 Independent Non-Executive Director

Hung Cheuk Lung

68 2011 Independent Non-Executive Director

Chi Tat Yeung

48 2011 Independent Non-Executive Director

Veronica Hui

IR Contact Officer

Biographies

Name Description

Wah Keung Yeung

Mr. Yeung Wah Keung (Michael) is Executive Chairman of the Board of Sitoy Group Holdings Limited. He is an executive Director, the Chairman, a member of remuneration committee and the chairman of nomination committee of the Company. He was appointed as a Director on 21 February 2008. He has been with the Group since its establishment in the 1970’s and is one of the founders. He is responsible for the Group’s overall business development, strategic planning and corporate management. He has over 40 years of experience in the handbag and leather goods industry, and has focused on manufacturing luxury branded handbags and small leather goods for more than 10 years. He is currently a director of each subsidiary of the Group. He is the brother of Mr. Yeung Wo Fai, an executive Director and the chief executive officer of the Company. He is also the father of Mr. Yeung Andrew Kin, an executive Director of the Company. He is also a substantial shareholder of the Company within the meaning of part XV of the Securities and Futures Ordinance.

Wo Fai Yeung

Mr. Yeung Wo Fai is Chief Executive Officer and Executive Director of Sitoy Group Holdings Limited. He was appointed as a Director on 21 February 2008 and is also one of the founders. He has been with the Group since 1974. He is responsible for the overall daily operations of the Group’s business. He is also responsible for product development, marketing and administration of the Group. He has over 35 years of experience in the handbag and leather goods industry, and has focused on manufacturing luxury branded handbags and small leather goods for more than 10 years. He is currently a director of each subsidiary of the Group. He is the brother of Mr. Yeung Michael Wah Keung, an executive Director and the Chairman of the Company. He is also the uncle of Mr. Yeung Andrew Kin, an executive Director of the Company. He is also a substantial shareholder of the Company within the meaning of part XV of the Securities and Futures Ordinance.

Kin Shing Lau

Mr. Lau Kin Shing, Charles is Executive Director, Company Secretary of the Company. Mr. Lau is the Chief Financial Officer of the Group and responsible for the Group’s overall financial management and reporting, internal control, risk management, day-to-day financial administration, and for supporting the development of the Group’s retail business. He holds a Doctorate degree in Business Administration from the Newcastle University of Australia, Master degree in Information System Management from the National University of Ireland, and a Bachelor Degree in Accounting from the Curtin University of Technology, Australia. He is a Chartered Accountant (New Zealand), Certified Internal Auditor (US) and Chartered Certified Accountant (England), and also a member of Hong Kong Institute of Certified Public Accountants and a fellow member of CPA Australia. He possesses about 30-year executive experiences in corporate control, financial management, risk management and internal control gained from international listed companies. Before joining the Group in August 2015, Mr. Lau held key corporate executive position in various conglomerates, including: vice president of China Resources Beer (Holdings) Company Limited (Stock Code: 291, formerly known as China Resources Enterprise, Limited), deputy head of internal audit for Hutchison Whampoa Limited, and chief financial officer and company secretary of Miramar Hotel and Investment Company, Limited (Stock Code: 71).

Kin Yeung

Mr. Yeung Kin (Andrew) is Executive Director of Sitoy Group Holdings Limited. He is in charge of the retail business of the Group. He joined the Group in September 1999 and was appointed as a Director on 23 May 2011. He is responsible for the Group’s overall operations and strategic planning of the retail business. He is also responsible for the corporate management and business development of the retail business of the Group. He graduated from Simon Fraser University, British Columbia, Canada with a bachelor’s degree of science in 1999. He has over 14 years of experience in handbag and leather goods industry and has focused on strategic planning and business development for more than 8 years. Before he started focusing on the development of the retail business, he had held various positions in the Group in relation to sales and marketing and merchandising. He is currently a director of Dongguan Shidai Leather Products Factory Co., Ltd., Sitoy (Yingde) Leather Products Co., Ltd. (“Sitoy Yingde”), Guangzhou Sitoy Leather Goods Co., Ltd. and Dongguan Sitoy Leather Products Co., Ltd., all of which are subsidiaries of the Company. He is the son of Mr. Yeung Michael Wah Keung, an executive Director, the Chairman and the substantial shareholder of the Company. He is also the nephew of Mr. Yeung Wo Fai, an executive Director, the chief executive officer and the substantial shareholder of the Company.

Po Chuen Kwan

Mr. Kwan Po Chuen (Vincent) is Independent Non-Executive Director of Sitoy Group Holdings Limited. Mr. Kwan joined Group in November 2011 when he was appointed as an independent non-executive Director. Mr. Kwan graduated from the University of Hong Kong with a bachelor’s degree in social sciences in 1983, from the University of London with a bachelor’s degree in laws in 1987, from the University of Hong Kong with a master’s degree in laws in 1992, from the University of London with a master’s degree of science in financial management in 1998 and from the University of South Australia with a master’s degree in advanced business practice in 2006. Mr. Kwan has over 25 years of experience in the legal and accounting profession experience in real estate, corporate finance and compliance matters. From 1983 to 1987, he worked as an accounting officer and later auditor of the Treasury and Audit departments of the Hong Kong government and from 1988 to 1993, he worked as trainee solicitor and associate of Deacons. Since 1997, Mr. Kwan is the general manager (legal and secretarial) of Sino Land Company Limited (Stock Code: 83), a company listed on the Main Board of the Stock Exchange. Mr. Kwan is a solicitor qualified in Hong Kong since September 1990. He is also qualified to practice laws in England and Australia since 1991. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and an associate member of the Institute of Chartered Accountants in England and Wales. He has also served as a member of the board of review (Inland Revenue Ordinance) since 2003 and as a member of the then insider dealing tribunal from 2005 to 2009 and as a member of the advisory group on company formation, registration, re-registration and company meeting and administration provisions of the rewrite of Companies Ordinance from 2006 to 2009. He is also a member of both the company law committee and revenue law committee of the Law Society of Hong Kong.

Hung Cheuk Lung

Mr. Lung Hung Cheuk is Independent Non-Executive Director of Sitoy Group Holdings Limited. Mr. Lung is the chairman of remuneration committee, a member of audit committee and nomination committee of the Company. He was appointed as an independent nonexecutive Director on 15 November 2011. He is a retired chief superintendent of the Hong Kong Police Force. He joined the Hong Kong Police Force in 1966 as a probationary inspector at the age of 19. He was promoted to the rank of chief inspector in 1980, superintendent in 1986, senior superintendent in 1993 and chief superintendent in 1997. He had served in various police posts, namely Special Branch, Police Tactical Unit, Police Public Relations Branch and in a number of police divisions at management level. Prior to his retirement in April 2002, he was the commander of Sham Shui Po Police District. He was also the secretary of the Superintendents’ Association of the Hong Kong Police Force from 1993 and later the chairman from 1998 to 2001. The membership of the Superintendents’ Association comprises the top management of the Hong Kong Police Force from superintendents to chief superintendents of the Hong Kong Police Force. He was awarded the Police Meritorious Service Medal by the Chief Executive of Hong Kong in 2000. He is currently an independent non-executive director of Richfield Group Holdings Limited (stock code: 183) and iOne Holdings Limited (stock code: 982), both of these companies are listed on the Main Board of the Stock Exchange. He was an independent non-executive director of Yunbo Digital Synergy Group Limited (formerly known as FlexSystem Holdings Limited) (stock code: 8050) and Global Energy Resources International Group Limited (formerly known as UURG Corporation Limited) (stock code: 8192), the companies listed on the GEM Board of the Stock Exchange, from 7 May 2011 to 17 February 2012 and from 19 September 2007 to 12 January 2010 respectively.

Chi Tat Yeung

Mr. Yeung Chi Tat is Independent Non-Executive Director of Sitoy Group Holdings Limited. Mr. Yeung is the chairman of audit committee and a member of remuneration committee of the Company. He was appointed as an independent non-executive Director on 15 November 2011. He graduated from the University of Hong Kong with a bachelor’s degree of business administration in 1993 and obtained a master’s degree in professional accounting with distinction from Hong Kong Polytechnic University in 2004. He possesses extensive experience in auditing, corporate restructuring and corporate finance. He worked for KPMG from 1993 to 2004 and is currently the financial controller and company secretary of Dynasty Fine Wines Group Limited (stock code: 828), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). He is also an independent non-executive director of Ta Yang Group Holdings Limited (stock code: 1991), ANTA Sports Products Limited (stock code: 2020), Boer Power Holdings Limited (stock code: 1685) and Billion Industrial Holdings Limited (stock code: 2299), all of these companies are listed on the Main Board of the Stock Exchange. He was an independent non-executive director of China Eco-Farming Limited (stock code: 8166), a company listed on the GEM Board of the Stock Exchange, from 30 September 2008 to 12 May 2010. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants and an associate member of the Institute of Chartered Accountants in England and Wales. He has been registered as a practicing certified public accountant with the Hong Kong Institute of Certified Public Accountants since April 2006 and admitted as a senior international finance manager with the International Financial Management Association in January 2006.

Veronica Hui

Basic Compensation

Name Fiscal Year Total

Wah Keung Yeung

4,601,000

Wo Fai Yeung

4,148,000

Kin Shing Lau

--

Kin Yeung

3,892,000

Po Chuen Kwan

--

Hung Cheuk Lung

--

Chi Tat Yeung

--

Veronica Hui

--
As Of  30 Jun 2013