Edition:
India

China Yuhua Education Corp Ltd (6169.HK)

6169.HK on Hong Kong Stock

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24 May 2019
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Summary

Name Age Since Current Position

Guangyu Li

53 2016 Executive Chairman of the Board

Hua Li

29 2016 Chief Executive Officer, Executive Vice Chairman of the Board

Bin Xu

33 2016 Chief Financial Officer, Joint Company Secretary

Hongjun Qiu

51 2016 Executive Director, Financial Controller, Vice President

Suet Wing Leung

2018 Joint Company Secretary

Lei Chen

46 2016 Non-Executive Independent Director

Zuoquan Xia

53 2016 Non-Executive Independent Director

Zhixue Zhang

50 2016 Non-Executive Independent Director

Biographies

Name Description

Guangyu Li

Mr. Li Guangyu Executive Chairman of the Board of the company. He was first appointed as a Director on 25 April 2016. He was redesignated as an executive Director and appointed as the chairman of the Board and the chairman of the nomination committee on 7 September 2016. Mr. Li also holds the following positions with other members of our Group: director of YuHua Investment Management (since 19 February 2000); director of Zhengzhou YuHua Education Investments (since 9 April 2004); chairman of the board of directors of Zhengzhou Technology and Business University (since 13 March 2009); and chairman of the board of directors of Zhengzhou Zhongmei Education Investments (since 21 July 2011). Mr. Li has more than 15 years of experience in the education industry, and is the chairman of the board of directors of our University and all of our 24 private schools for grades K-12. In July 2004, he was selected as one of the ten outstanding figures in the private education industry in China ( ) by Guangming Daily. In April 2010, Mr. Li received the National Outstanding Worker Award ( ) from the State Council of the PRC. Mr. Li was also a member of the National People’s Congress and the vice chairman of the China Association for Non-Government Education. During the past three years, Mr. Li was not a director of any listed companies. Mr. Li graduated from the Changchun Institute of Optics and Fine Mechanics , currently known as the Changchun University of Science and Technology, majoring in laser technology in July 1983, and received his master’s degree in Business Administration from the Guanghua School of Management, Peking University in July 2007.

Hua Li

Ms. Li Hua is Chief Executive Officer, Executive Vice Chairman of the Board of the company. She was first appointed as an executive Director and as the vice chairman of the Board on 7 September 2016. Ms. Li is also our chief executive officer and holds the following positions with other members of our Group: • director of Zhengzhou Zhongmei Education Investments (since 21 July 2011); and • director of Zhengzhou YuHua Education Investments (since 19 April 2016). Ms. Li has more than seven years of experience in the education industry, and is a member of the board of directors of Zhengzhou Technology and Business University and all of our 24 private schools of grades K-12. Ms. Li worked as an officer at Zhengzhou YuHua Elite School between March to July 2009, where she was responsible for managing the daily operations and strategic planning of the school. From July 2009 to July 2010, Ms. Li was a teaching assistant and counsellor at Zhengzhou Technology and Business University, where she was responsible for lecturing and managing the counselling programme and student activities. Ms. Li has been a committee member of the 12th Session of All-China Youth Federation ( ) since July 2015. She was also a representative of Henan Province for the 17th Communist Youth League National Representative Conference ( ) and a representative of Xinzheng ( ) for the 14th People’s Congress of Zhengzhou ( ). In May 2012, Ms. Li received the Henan Province May Fourth Youth Prize ( ) from the Henan Communist Youth League ( ) and the Henan Youth Federation ( ). She also received the Henan Province Individual Honour for Innovative Women ( ) in July 2012 from the Henan Woman Federation ( ) and the Outstanding Committee Member Honour ( ) from the Henan Youth Federation in January 2013. In November 2014, Ms. Li was awarded the Individual Award for Innovations in Henan Private Education ( ) by the Henan Province Education Department ( ). During the past three years, Ms. Li was not a director of any listed companies.

Bin Xu

Mr. Xu Bin is Chief Financial Officer, Joint Company Secretary of the company since 1 January 2016. He is responsible for overseeing our Company’s financial affairs. Before joining our Group, Mr. Xu was the vice president and co-chief financial officer of China Maple Leaf Education Systems Limited, a company listed on the Stock Exchange (stock code: 1317), from 16 February 2013 to 16 June 2015. He also worked as an accountant at Citco Financial Group, an international financial services provider, from November 2007 to May 2010, and an investment banking associate at Essence Securities Co., Ltd., a financial and securities brokerage services provider based in China, from November 2011 to February 2013. Mr. Xu received his bachelor’s degree in Economics and Finance from the University of Toronto, Canada in November 2007 and a master’s degree in Finance from the University of Cambridge, United Kingdom in May 2012.

Hongjun Qiu

Ms. Qiu Hongjun is Executive Director, Financial Controller, Vice President of the company since 7 September 2016. Ms. Qiu is also our financial controller and vice president. She is responsible for overseeing our financial affairs. Ms. Qiu also holds the following positions with other members of our Group: • director of Zhengzhou Zhongmei Education Investments (since 21 July 2011); and • director of Zhengzhou YuHua Education Investments (since 19 April 2016). Ms. Qiu has more than 12 years of experience in the education industry, and is a member of the board of directors of all of our 24 private schools of grades K-12. From 2002 to 2004, she was the deputy branch president of Nanjing branch of Shenzhen Development Bank (currently known as Pingan Bank). Since joining our Group, Ms. Qiu has been overseeing our financial affairs and has since then accumulated substantial financial experience. During the past three years, Ms. Qiu was not a director of any listed companies. Ms. Qiu received her diploma in Finance from the Central Radio and Television University currently known as the Open University of China (distance learning) in October 2003.

Suet Wing Leung

Ms. Leung Suet Wing is Joint Company Secretary of the Company. Ms. Leung, is an assistant manager of TMF Hong Kong Limited, which is a corporate secretarial services provider. She has over 7 years of professional experience in the company secretarial field. She is a member of the Hong Kong Institute of Chartered Secretaries and the Institute of Chartered Secretaries and Administrators in the United Kingdom.

Lei Chen

Mr. Chen Lei is Non-Executive Independent Director of the company. He is the chairman of the audit committee on 7 September 2016, taking effect on the date of this prospectus. Mr. Chen is primarily responsible for supervising and providing independent judgement to our Board. Mr. Chen is our Director who has the appropriate professional accounting or related financial management expertise for the purpose of Rule 3.10(2) of the Listing Rules through his experience listed below. Mr. Chen has been serving as an associate professor of accounting and assistant dean at the Guanghua School of Management, Peking University since July 2008. Mr. Chen served as an assistant professor of accounting at Robinson College of Business, Georgia State University in the United States from August 2004 to June 2008. Mr. Chen currently serves as an independent non-executive director of Sugon Information Industry Co., Ltd ( ), a company listed on the Shanghai Stock Exchange (stock code: 603019) (since May 2015), Huadian Heavy Industries Co., Ltd ( ), a company listed on the Shanghai Stock Exchange (stock code: 601226) (since July 2014) and Beijing Da Bei Nong Technology Holdings Co., Ltd, a company listed on the Shenzhen Stock Exchange (stock code: 002385) (since December 2013). Mr. Chen received his bachelor’s degree in Economics from Tsinghua University, his master’s degree in Economics from Indiana University and his doctorate degree in Accounting from the University of Texas at Dallas in July 1996, September 1999 and August 2004, respectively.

Zuoquan Xia

Mr. Xia Zuoquan is Non-Executive Independent Director of the company since 7 September 2016. He is primarily responsible for supervising and providing independent judgement to our Board. Mr. Xia is one of the founders of the BYD Group ( ), and currently serves as a non-executive director of BYD Company Limited, a rechargeable battery, handset components and automobile manufacturer listed on the Stock Exchange (stock code: 1211) (since March 2008) and the Shenzhen Stock Exchange (stock code: 002594) (since June 2002). He also currently serves as an independent non-executive director of China Baofeng (International) Limited (since February 2016), a company listed on the Stock Exchange (stock code: 3966) and a director of Guangdong Beizhi Cepin Network Technology Co., Ltd. ( ) (since June 2015), a technology company listed on the PRC National Equities Exchange and Quotations (stock code: 833907). Mr. Xia is also the vice chairman ( ) of the BYD Charity Foundation ( ). Mr. Xia received his bachelor’s degree in Computer Science (correspondence course) from the Beijing Institute of Iron and Steel Engineering ( , currently known as the University of Science & Technology of Beijing ( )) in September 1987 and his master’s degree in Business Administration from the Guanghua School of Management, Peking University in 2007.

Zhixue Zhang

Mr. Zhang Zhixue is Non-Executive Independent Director of the company. He is the chairman of the remuneration committee in 7 September 2016, taking effect on the date of this prospectus. Mr. Zhang is primarily responsible for supervising and providing independent judgement to our Board. Mr. Zhang has been a professor of Organisation and Strategic Management at the Guanghua School of Management, Peking University since August 2008. Mr. Zhang currently serves as an independent non-executive director of Ever-Glory International Group, Inc. (since March 2008), a company listed on NASDAQ (stock symbol: EVK). Mr. Zhang is also currently an independent director of the Bank of Guizhou ( ) and Sunshine Insurance Group Inc. ( ). He also served as an independent non-executive director of Creative Distribution Automation Co., Ltd. ( ), a company listed on the Shenzhen Stock Exchange (stock code: 002350), from March 2010 to March 2016. Mr. Zhang received his bachelor’s degree in Education from Henan University ( ), his master’s degree in Psychology from Beijing Normal University ( ) and his doctorate degree in Philosophy from the University of Hong Kong in July 1988, July 1991 and December 1998, respectively.

Basic Compensation

Name Fiscal Year Total

Guangyu Li

196,000

Hua Li

388,000

Bin Xu

--

Hongjun Qiu

103,000

Suet Wing Leung

--

Lei Chen

--

Zuoquan Xia

--

Zhixue Zhang

--
As Of  31 Aug 2016

Options Compensation