Edition:
India

Wharf Real Estate Investment Company Ltd (1997.HK)

1997.HK on Hong Kong Stock

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21 Feb 2020
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Summary

Name Age Since Current Position

Tin Hoi Ng

67 2017 Executive Chairman of the Board, Managing Director

Yiu Cheung Tsui

73 2018 Executive Vice Chairman of the Board

Yuk Fong Lee

62 2017 Executive Vice Chairman of the Board

Yen Thean Leng

47 2017 Executive Director

Chung Ying Hui

62 2020 Company Secretary, Director

Siu Kee Au

72 2017 Non-Executive Independent Director

Kwan Yuen Leung

68 2018 Non-Executive Independent Director

Andrew Seaton

64 2017 Non-Executive Independent Director

Richard Williams

71 2017 Non-Executive Independent Director

Eng Kiong Yeoh

72 2017 Non-Executive Independent Director

Biographies

Name Description

Tin Hoi Ng

Mr. Ng Tin Hoi is Executive Chairman of the Board, Managing Director of the Company. Mr Ng has been Chairman and Managing Director of the Company since 2017. He also serves as chairman of Nomination Committee and a member of Remuneration Committee. Mr Ng performs a leadership role in monitoring and evaluating the Group’s business, and is primarily responsible for the overall strategic planning and major decision making for the Group. Mr Ng is deputy chairman of Wheelock and Company Limited (“Wheelock”), publicly listed holding company of the Company, chairman and managing director of The Wharf (Holdings) Limited (“Wharf”), a publicly listed fellow subsidiary of the Company, and chairman of Harbour Centre Development Limited (“HCDL”), a publicly listed subsidiary of the Company. Furthermore, he is non-executive chairman of publicly listed Joyce Boutique Holdings Limited (“JBHL”) and chairman of Wheelock Properties (Singapore) Limited (“WPSL”) (a subsidiary of Wheelock and publicly listed in Singapore until October 2018). He formerly served as chairman and chief executive officer of publicly listed i-CABLE Communications Limited (“i-CABLE”) until his resignation in September 2017 and also as a nonexecutive director of Hotel Properties Limited (publicly listed in Singapore and formerly an associated company of WPSL) until his resignation in December 2018. Mr Ng was born in Hong Kong in 1952 and grew up in Hong Kong. He attended Ripon College in Ripon, Wisconsin, USA and the University of Bonn, Germany, from 1971 to 1975, and graduated with a major in mathematics. He is chairman of Project WeCan Committee (a Business-in-Community school project), vice chairman of the Employers’ Federation of Hong Kong (“EFHK”) and a council member of the Hong Kong General Chamber of Commerce. Under the existing service contract between the Group and Mr Ng, his basic salary and various allowances for the year 2019, calculated on an annualised basis, would be approximately HK$3.46 million (2018: HK$3.35 million) per annum.

Yiu Cheung Tsui

Mr. Yiu Cheung Tsui serves as Executive Vice Chairman of the Board of the Company. Mr Tsui is vice chairman, an executive director and group chief financial officer of Wharf and is also an executive director and group chief financial officer of Wheelock. He joined Wheelock/Wharf group in 1996 and became a director of Wheelock in 1998. Furthermore, Mr Tsui is a director of certain subsidiaries of the Company, a nonexecutive director of JBHL and vice chairman of Wheelock Properties Limited, a wholly-owned subsidiary of Wheelock. He formerly served as a director of HCDL and WPSL until his resignation in August 2015. He also served as a non-executive director of i-CABLE until his resignation in September 2017. Mr Tsui is currently a general committee member of the EFHK and chairman of EFHK’s “Property & Construction” functional group. Under the existing service contract between the Group and Mr Tsui, his basic salary and various allowances for the year 2019, calculated on an annualised basis, would be approximately HK$2.26 million (2018: HK$1.28 million) per annum

Yuk Fong Lee

Ms. Lee Yuk Fong serves as Executive Vice Chairman of the Board of the Company. Ms Lee has been Vice Chairman and an Executive Director of the Company since 2017. Amongst other subsidiaries of the Company of which she serves as a director, she is chairman and senior managing director of Wharf Estates Limited (“WEL”) with primary responsibility for overseeing the Group’s portfolio of investment properties in Hong Kong. Ms Lee is also vice chairman and an executive director of Wharf, chairman and senior managing director of Wharf China Estates Limited, and a non-executive director of JBHL. She was formerly a non-executive director of HCDL from 2010 to 2012. Ms Lee is a graduate of The University of Hong Kong where she obtained a bachelor’s degree in Arts (Hon).

Yen Thean Leng

Ms. Leng Yen Thean, MRICS, MHKIS, RPS, is an Executive Director of the Company. Among other subsidiaries of the Company of which she serves as a director, she is an executive director of WEL with primary responsibility for managing the Group’s core investment properties in Hong Kong, namely Harbour City, Times Square and Plaza Hollywood. Ms Leng has extensive experience in the real estate industry, in particular, leasing and management of large scale commercial and retail properties, and the planning, design and development of property projects in Hong Kong. She was formerly a director of HCDL from 2012 to 2013 and of Wharf from 2013 to 2017. Ms Leng is a chartered surveyor and holds a bachelor’s degree in Land Management with first class honours.

Chung Ying Hui

Mr. Hui Chung Ying CPA serves as Company Secretary, Director of the Company. Mr. Hui joined the Wheelock Group and the Wharf Group in November 1986 and has worked for the Wheelock Group and subsequently for the Wharf Group, gaining extensive experience in financial management and reporting control, auditing, taxation and corporate governance. He is currently the group financial controller of the Wharf Group and a director of Wharf Limited and Modern Terminals Limited, which are both subsidiaries of Wharf. Mr. Hui has been a non-executive director of HCDL since August 2015 and is also the company secretary of Wharf, HCDL, and Joyce Boutique Holdings Limited. Mr. Hui has been an accountant by profession since 1986. He has been a fellow of the Association of Chartered Certified Accountants since November 1991, an associate of the Hong Kong Institute of Certified Public Accountants since October 1986 and a council member of The Taxation Institute of Hong Kong since December.

Siu Kee Au

Mr. Au Siu Kee Alexander, FCA, FCCA, FCPA, AAIA, FCIB, FHKIB, is an Non-Executive Independent Director of the CompanyHe also serves as chairman of each of Audit Committee and Remuneration Committee as well as a member of Nomination Committee. A banker by profession, Mr Au was the chief executive officer of Hang Seng Bank Limited from 1993 to 1998 and of Oversea-Chinese Banking Corporation Limited in Singapore from 1998 to 2002. Currently, Mr Au is the chairman and non-executive director of Henderson Sunlight Asset Management Limited, manager of the publicly-listed Sunlight Real Estate Investment Trust. He is an INED of Henderson Land Development Company Limited and Henderson Investment Limited, and a non-executive director of two other companies, namely Hong Kong Ferry (Holdings) Company Limited and Miramar Hotel and Investment Company, Limited, all publicly listed in Hong Kong. Mr Au was formerly an INED of Wheelock from 2002 to 2012, and of Wharf from 2012 to 2017. An accountant by training, Mr Au is a Chartered Accountant as well as a fellow of The Institute of Chartered Accountants in England and Wales, The Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants .

Kwan Yuen Leung

Hon. Kwan Yuen Leung serves as Non-Executive Independent Director of the Company. Leung is the President of the Sixth Legislative Council of Hong Kong and a member of the Industrial (First) Functional Constituency thereof. He is also a member of The National Committee of the Chinese People’s Political Consultative Conference, the honorary president of Federation of Hong Kong Industries and the honorary chairman of Textile Council of Hong Kong Limited. He formerly served as a member of Competition Commission and the chairperson of the Staff Committee thereof, a director of The Hong Kong Mortgage Corporation Limited, a council member of Hong Kong Trade Development Council and a non-executive director of Mandatory Provident Fund Schemes Authority. Mr Leung is an Honorary Doctor of Business Administration, Coventry University, UK. He also holds a BSc (Hon) degree awarded by Leeds University, UK. He is also a Fellow of Textiles Institute and of Clothing & Footwear Institute. He has more than 33 years of management experience in the textile, manufacturing, wholesale and distribution businesses. Mr Leung is currently an INED of Dah Sing Financial Holdings Limited and China South City Holdings Limited, both being public companies listed in Hong Kong. He was formerly chairman of Sun Hing Knitting Factory Limited and an INED of publicly listed Dah Sing Banking Group Limited. Mr Leung was also formerly an INED of HCDL from July 2012 until May 2018.

Andrew Seaton

Mr. Andrew James Seaton is an Non-Executive Independent Director of the Company. He also serves as a member of Remuneration Committee. Mr Seaton has been the Executive Director of the British Chamber of Commerce in Hong Kong, one of Hong Kong’s largest international business bodies, since April 2015. He leads the work of the Chamber, with responsibility for its overall strategy and management, its financial status and staffing. Mr Seaton was formerly a member of the United Kingdom Diplomatic Service, from 1977 to 2013, during which his responsibilities focused mainly on the United Kingdom’s relations with China and Hong Kong. He was a member of the British Embassy in Beijing and of the British Trade Commission from 1982 to 1986; and served as Deputy Consul General in Hong Kong from 1997 to 2000. He subsequently acted as the Head of China Department of the United Kingdom Foreign and Commonwealth Office from 2000 to 2003, providing policy advice on the United Kingdom’s relations with and strategy towards China and Hong Kong. Mr Seaton served as Her Majesty’s Consul General to Hong Kong and Macau from 2008 to 2012. He also served in the British Embassy Dakar from 1979 to 1981 and as Her Majesty’s Consul General in Chicago from 2003 to 2007. Mr Seaton was educated at the University of Leeds, the United Kingdom, where he obtained a Bachelor’s Degree (first class honours) in Chinese Studies in July 1977. He attended the Beijing Foreign Language Institute (now known as Beijing Language and Culture University) as an exchange student from September 1975 to February 1976 and Peking University as an exchange scholar from March 1976 to July 1976.

Richard Williams

Mr. Richard Gareth Williams is an Non-Executive Independent Director of the Company. Mr Williams has over 44 years of experience in the areas of property valuation and estate agency in Hong Kong. He is the principal of Gareth Williams & Associates, which was established in January 2006 and is principally engaged in property valuation and estate agency, where he is primarily responsible for specialist property valuation and acquisitions and disposal of investment properties. He is currently an INED of IBI Group Holdings Limited, a publicly listed company in Hong Kong. Mr Williams was a property investment director of Wheelock Properties (Hong Kong) Limited, a subsidiary of Wheelock, from 2004 to 2006 where he was responsible for overseeing the property services business, and was formerly its INED until November 2017. From 2002 to 2004, he worked as the chief executive of the Hong Kong office of Knight Frank Asia Pacific Pte. Ltd., where he was responsible for its overall management. From 1979 to 2002, Mr Williams worked for Vigers Hong Kong Limited, with his last position as the chairman and chief executive officer, where he was primarily responsible for provision of property valuation and estate agency services. From 1974 to 1979, Mr Williams served as rating and valuation surveyor at the Rating and Valuation Department of the Hong Kong government. Mr Williams has been certified as a fellow of the Royal Institution of Chartered Surveyors in the United Kingdom and as a fellow of the Hong Kong Institute of Surveyors since June 1984 and December 1984 respectively. He was admitted as a member of the Chartered Institute of Arbitrators and a practising member of The Academy of Experts, both based in the United Kingdom, in December 1999 and April 2009 respectively. Mr Williams has also been registered as a Registered Professional Surveyor (General Practice) with the Surveyors Registration Board in Hong Kong since 1 January 1993.

Eng Kiong Yeoh

Prof. Yeoh Eng Kiong, GBS, JP, FHKAM, FHKCCM, FHKCP, FRACMA, FRACP, is Non-Executive Independent Director of the Company. He also serves as a member of each of Audit Committee and Nomination Committee. Professor Yeoh obtained bachelor’s degrees in medicine and surgery from The University of Hong Kong in October 1971. He is a Professor of Public Health, a director at the Jockey Club School of Public Health and Primary Care of The Chinese University of Hong Kong and also Head of Division of Health System, Policy and Management at the Jockey Club School of Public Health and Primary Care. His research is in health systems, services and policy with an interest in applying systems thinking in studying how the complex components of health systems interact and interrelate to improve health. Professor Yeoh served as Secretary for Health, Welfare and Food of the Hong Kong government between 1999 and 2004. He was a director of operations from 1990 to 1993 and a chief executive from 1994 to 1999 of the Hong Kong Hospital Authority with responsibility for the management and transformation of the public hospital system. Professor Yeoh was formerly an INED of Wharf from 2012 to 2017. Professor Yeoh is a member of the Research Council of the Food and Health Bureau and a co-chairperson of Grant Review Board Executive of the Health and Medical Research Fund, Food and Health Bureau of the Hong Kong government. Professor Yeoh was appointed a Justice of the Peace (non-official) in 1995. In 2005, he was awarded the Gold Bauhinia Star Medal by the Hong Kong government in recognition of his public service.

Basic Compensation

Name Fiscal Year Total

Tin Hoi Ng

21,520,000

Yiu Cheung Tsui

1,394,000

Yuk Fong Lee

29,894,000

Yen Thean Leng

18,457,000

Chung Ying Hui

--

Siu Kee Au

350,000

Kwan Yuen Leung

117,000

Andrew Seaton

250,000

Richard Williams

300,000

Eng Kiong Yeoh

300,000
As Of  31 Dec 2018