Edition:
India

People: New World Development Co Ltd (0017.HK)

0017.HK on Hong Kong Stock

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Cheng, Chi-Kong 

Dr. Chi-Kong Cheng has been appointed as Chief Executive Officer, Executive Vice Chairman of the Board of the Company effective 5/1/2020. Dr. Cheng is an executive director of New World Department Store China Limited and Chow Tai Fook Jewellery Group Limited, and a non-executive director of Giordano International Limited and New Century Healthcare Holding Co. Limited, all being listed public companies in Hong Kong. He was an executive director of International Entertainment Corporation, a nonexecutive vice chairman of Modern Media Holdings Limited and a non-executive director of i-CABLE Communications Limited, all being listed public companies in Hong Kong, up to his resignation on 10 June 2017, 26 August 2017 and 2 July 2019 respectively. He is a director of Chow Tai Fook (Holding) Limited and Chow Tai Fook Enterprises Limited, both are substantial shareholders of the Company. Dr. Cheng is also the chairman of New World Group Charity Foundation Limited, an executive director of New World China Land Limited and a director of certain subsidiaries of the Group. Dr. Cheng oversees the strategic direction for the Company’s property development and investment activities. He has launched New World’s The Artisanal Movement since January 2015, and is currently overseeing the Company’s large-scale developments including Victoria Dockside and Skycity. In 2008, Dr. Cheng launched the K11 brand, a museum-retail complex that is at the nexus of art and commerce and has since extended K11’s reach across retail, hospitality, offices and non-profit art education through K11 Art Foundation. He also directs early-stage funding to start-ups and technology-driven platforms.

Basic Compensation

Total Annual Compensation, HKD 600,000
Restricted Stock Award, HKD --
Long-Term Incentive Plans, HKD --
All Other, HKD 43,600,000
Fiscal Year Total, HKD 44,200,000

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --
Name Fiscal Year Total

Kar-Shun Cheng

68,000,000

Chi-Kong Cheng

44,200,000

Wai Hoi Doo

300,000

Chi-Heng Cheng

2,900,000

Chi-Man Cheng

19,100,000

Nam-Hoi Sitt

15,900,000
As Of  30 Jun 2019