People: Shougang Concord Century Holdings Ltd (0103.HK)

0103.HK on Hong Kong Stock

0.27HKD
2 Sep 2015
Change (% chg)

HK$-0.01 (-3.57%)
Prev Close
HK$0.28
Open
HK$0.26
Day's High
HK$0.28
Day's Low
HK$0.26
Volume
1,064,000
Avg. Vol
3,735,442
52-wk High
HK$0.57
52-wk Low
HK$0.24

Search Stocks

Summary

Name Age Since Current Position

Shaofeng Li

48 2011 Executive Chairman of the Board

Kaiyu Yang

53 2011 Managing Director, Executive Director

Kwok Kau Tang

54 Deputy Managing Director, Executive Director

Lai Yee Chan

Company Secretary

Shun Sang Leung

72 1995 Non-Executive Director

Jun Liao

52 2015 Non-Executive Director

Wenhui Zhang

59 2012 Non-Executive Director

Yiu Kin Lam

60 2015 Independent Non-Executive Director

Yui Lun Law

52 2005 Independent Non-Executive Director

Kin Man Yip

68 1993 Independent Non-Executive Director

Biographies

Name Description

Shaofeng Li

Mr. Li Shaofeng is an Executive Chairman of the Board of Shougang Concord Century Holdings Limited. Mr. Li holds a Bachelor Degree in Automation from University of Science and Technology Beijing. He joined Shougang Corporation in 1989. Mr. Li joined the Group in March 2000 and was appointed as deputy managing Director. He was subsequently appointed as the managing Director and deputy managing director of Shougang HK, a wholly owned subsidiary of Shougang Corporation, in September 2003 and September 2007 respectively. At present, he holds directorship in a wholly owned subsidiary of the Company. Besides, Mr. Li acts as the chairman and vice-chairman of the nomination committee and remuneration committee of the Company respectively. Mr. Li has become the chairman of the Company and the chairman and executive director of each of Shougang Technology (co-chairman with effect from 24 October 2013, re-designated as non-executive chairman on 17 March 2014 and resigned on 31 December 2014), Shougang Grand, Global Digital, the managing director of Shougang International and deputy managing director of China Shougang International Trade and Engineering Corporation and also re-designated as the vice chairman and managing director of Shougang HK since 10 May 2010.

Kaiyu Yang

Mr. Yang Kaiyu is Managing Director, Executive Director of Shougang Concord Century Holdings Limited. At present, he holds directorship in certain wholly owned subsidiaries of the Company. He holds a Bachelor Diploma in Engineering Mechanics from Shanghai Jiao Tong University and a Master Degree in Industry Management and Engineering from The Katholieke Universiteit Leuven in Belgium. He also had attended the General Management Development and Operation Management Programs organised by INSEAD, France and Creative Leadership Development Programme organised by CCL Institute, the United States. Mr. Yang has over 15 years of experience in operation management and worldwide procurement in steel wire and steel cord industries. Prior to joining the Company, he held various positions in Bekaert group since 1993. Other than his directorship disclosed above, Mr. Yang does not hold any directorship in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas and does not have any relationship with any other Directors, senior management or substantial Shareholders or controlling Shareholders. At the date of this annual report, Mr. Yang’s spouse beneficially owns 3,596,000 Shares within the meaning of Part XV of the SFO. In addition, he has a personal interest of 18,000,000 underlying Shares attached to the share options granted by the Company. A service contract was entered into between Mr. Yang and the Company for a term of three years commencing from 1 January 2013. The service contract may be terminated by either party by giving to other party not less than three months’ notice without payment of any compensation (other than statutory compensation). However, he is also subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the Articles. Mr. Yang is entitled to receive a HK$220,000 monthly salary at present under his service contract with the Company.

Kwok Kau Tang

Mr. Tang Kwok Kau is Deputy Managing Director, Executive Director of Shougang Concord Century Holdings Ltd. At present, he also holds directorship in certain wholly owned subsidiaries of the Company. Mr. Tang was appointed with effect from 22 July 2014 as an independent nonexecutive director of Loco Hong Kong Holdings Limited (“Loco Hong Kong”), a company listed on the Growth Enterprise Market of the Stock Exchange on 5 August 2014. He holds a Bachelor and a Master Degrees in Business Administration from York University in Canada. Prior to joining the Group, Mr. Tang had held senior positions with various international investment banks. He also has over 15 years’ experience in corporate and investment banking. Other than his directorship disclosed above, Mr. Tang does not hold any directorship in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas and does not have any relationship with any other Directors, senior management or substantial Shareholders or controlling Shareholders. At the date of this annual report, he beneficially owns 10,000,000 Shares and in which of 200,000 Shares are jointly owned by his wife within the meaning of Part XV of the SFO. In addition, he has a personal interest of 10,000,000 underlying Shares attached to the share options granted by the Company. Mr. Tang is entitled to receive a HK$165,000 monthly salary at present under his service contract with the Company. The service contract may be terminated by either party by giving to other party not less than three months’ notice without payment of any compensation (other than statutory compensation). There is no specified or proposed length of service for Mr. Tang with the Company. However, he is subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the Articles.

Lai Yee Chan

Ms. Chan Lai Yee is the Company Secretary of the Company. She is a full time employee of the Company. She reports to the Board chairman and/or managing Director. During the year, the company secretary has duly complied with the relevant professional training requirement under Rule 3.29 of the Listing Rules.

Shun Sang Leung

Mr. Leung Shun Sang is Non-Executive Director of Shougang Concord Century Holdings Ltd. He also serves as the vice-chairman of the nomination committee and a member of the remuneration committee of the Company. He is also a non-executive director of each of Shougang International, Shougang Technology, Shougang Grand, Global Digital and Shougang Fushan. Mr. Leung holds a Bachelor Degree of Commerce from the Chinese University of Hong Kong and a Master Degree in Business Administration from New York State University. Mr. Leung had worked in Citibank N.A. and W.I. Carr Sons & Co. (Overseas) in his early years and he was the managing director of CEF Group. He has over 40 years of experience in securities and banking business, investment, financial markets, corporate strategy and corporate management. Other than his directorship disclosed above, he has not previously held any position with the Group and does not hold any directorship in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas. Mr. Leung does not have any relationship with any other Directors, senior management or substantial Shareholders or controlling Shareholders. At the date of this annual report, he beneficially owns 7,652,000 Shares within the meaning of Part XV of the SFO. In addition, he has a personal interest of 12,000,000 underlying Shares attached to the share options granted by the Company. A service contract was entered into between Mr. Leung and the Company for a term of three years commencing from 1 January 2014. However, he will also be subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the Articles. He will receive a director’s fee as the Company may determine from time to time. At present, he receives a director’s fee of HK$190,000 per annum. The emoluments of Directors are determined by reference to the Company’s performance and profitability, as well as remuneration benchmark in the

Jun Liao

Mr. Liao Jun is Non-Executive Director of the Company with effect from 25 February 2015. Mr. Liao holds a Bachelor of Science and a Master of Science in Physical Metallurgy from Central South Metallurgy Institute and Central South University of Technology respectively in China. He further achieved his Doctor of Philosophy in Materials Science in College of Engineering, University of Michigan and Master of Business Administration in University of Michigan-Ann Arbor, Ross School of Business Management. Mr. Liao is currently the Senior Vice President of rubber reinforcement North Asia in Bekaert. Prior to joining Bekaert group, he had held various management positions of several reputable multinational corporations such as Dow Corning and Solvay. In all, Mr. Liao has over 6 years of experience in sales and management in industrial chemicals and polymers businesses. Other than his directorship disclosed above, he has not previously held any position with the Group and does not hold any directorship in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas. Mr. Liao does not have any relationship with any other Directors, senior management or substantial Shareholders or controlling Shareholders. At the date of this annual report, he does not have any interest in securities of the Company within the meaning of Part XV of the SFO. There is no service contract between Mr. Liao and the Company since he was nominated by Bekaert as a nonexecutive Director according to the subscription agreement entered into by the Company and Bekaert dated 22 September 2006 and further agreement between Bekaert and the Company on 24 February 2015. He will hold office until the next following general meeting of the Company, at which he will be eligible for re-election in accordance to the Articles and thereafter will also be subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the Articles.

Wenhui Zhang

Mr. Zhang Wenhui has been appointed as Non-Executive Director of Shougang Concord Century Holdings Limited with effect from 21 December 2012. Mr. Zhang graduated from the University of Science and Technology Beijing. Mr. Zhang was appointed as a non-executive Director on 21 December 2012. He is an executive director and the deputy managing director of Shougang International. He is also the deputy managing director of Shougang HK. Mr. Zhang acted as the non-executive director of Shougang Fushan during the period from 10 May 2010 to 19 December 2012. He joined Shougang Corporation in 1982 and had been working in various companies under Shougang Corporation during the period from 1990 to 2001. Mr. Zhang has extensive experience in management and company operations. Other than his directorship disclosed above, he has not previously held any position with the Group. Mr. Zhang does not hold any directorship in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas and does not have any relationship with any other Directors, senior management or substantial Shareholders or controlling Shareholders. At the date of this annual report, he does not have any interest in securities of the Company within the meaning of Part XV of the SFO. A service contract was entered into between Mr. Zhang and the Company for a term of one year commencing from 1 January 2015 and ending on 31 December 2015. However, he will also be subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the Articles. Mr. Zhang is entitled to receive a director’s fee of HK$190,000 per annum under his service contract with the Company but he has waived to receive his director’s fee since 1 September 2014. The emoluments of Directors are determined by reference to the Company’s performance and profitability, as well as remuneration benchmark in the industry and the prevailing market conditions.

Yiu Kin Lam

Mr. Lam Yiu Kin is an Independent Non-Executive Director of the Company. He is a fellow member of each of the Association of Chartered Certified Accountants (ACCA), the Institute of Chartered Accountants in England & Wales (ICAEW), the Chartered Accountants of Australia and New Zealand, and Hong Kong Institute of Certified Public Accountants (HKICPA). He graduated from The Hong Kong Polytechnic University with a higher diploma in Accountancy in June 1975. He was also awarded honorary fellow of The Hong Kong Polytechnic University in 2002. Mr. Lam is presently an adjunct professor in the School of Accounting and Finance of The Hong Kong Polytechnic University, and a member of the Finance Management Committee of The Hong Kong Management Association. He was previously a member of the Listing Committee and the Financial Reporting Advisory Panel of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) from 1997 to 2003, a committee member of HKICPA from 1994 to 2009, and a partner of PricewaterhouseCoopers from 1993 to 2013. Mr. Lam is currently an independent non-executive director of each of (i) Global Digital Creations Holdings Limited (Stock Code: 8271), a company listed on the Growth Enterprise Market of the Stock Exchange; (ii) Spring Real Estate Investment Trust (Stock Code: 1426), which is managed by Spring Asset Management Limited, a Hong Kong collective investment scheme authorized under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “SFO”) and those units are listed on the Main Board of the Stock Exchange; (iii) Vital Mobile Holdings Limited (Stock Code: 6133), a company listed on the Main Board of the Stock Exchange; (iv) Kate China Holdings Limited (Stock Code: 8125), a company listed on the Growth Enterprise Market of the Stock Exchange; and (v) Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd.* (Stock Code: 1349), a company listed on the Main Board of the Stock Exchange.

Yui Lun Law

Mr. Law Yui Lun, CPA, is an Independent Non Executive Director of Shougang Concord Century Holdings Ltd. Mr. Law is a Certified Public Accountant (Practising) of the Hong Kong Institute of Certified Public Accountants (“HKICPA”). He is also an associate member of each of the HKICPA and the Taxation Institute of Hong Kong and a fellow member of the Association of Chartered Certified Accountants of the United Kingdom. Mr. Law holds a Master Degree in Business Administration from Oklahoma City University (USA). He was appointed as the independent non-executive Director and a member of each of the audit committee, nomination committee and remuneration committee of the Company in April 2005. At present, Mr. Law is a Certified Public Accountant (Practicing) in Hong Kong. Prior to setting up his own practice, Mr. Law had worked for the audit department of KPMG and the China Division of the Hong Kong office of Ernst & Young for a total of 8 years. He had also been a partner in a medium-sized local accounting firm in Hong Kong for over 3 years. In all, Mr. Law has substantial professional experience in the fields of auditing, accounting, corporate taxation, company liquidation and insolvency, financial advisory and management. Other than the directorship disclosed above, Mr. Law has not previously held any position with the Group, and is independent of and not connected with the directors, chief executives and substantial shareholders or controlling shareholders of the Company or the subsidiaries of the Company or an associate of any of them. He does not hold any directorship in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas. At the date of this annual report, he has a personal interest of 2,816,000 underlying Shares attached to the share options granted by the Company within the meaning of Part XV of the SFO.

Kin Man Yip

Mr. Yip Kin Man is an Independent Non-Executive Director of Shougang Concord Century Holdings Ltd. He serves as the chairman of each of the audit committee and remuneration committee and a member of the nomination committee of the Company. Mr. Yip has also acted as the independent non-executive director of Shougang Grand since January 2007. On 27 January 2014, he was appointed as an independent nonexecutive director of BeijingWest Industries. Mr. Yip is a practising solicitor, notary public, China-Appointed Attesting Officer. Other than the directorship disclosed above, Mr. Yip has not previously held any position with the Group, and is independent of and not connected with the directors, chief executives and substantial shareholders or controlling shareholders of the Company or the subsidiaries of the Company or an associate of any of them. He does not hold any directorship in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas. At the date of this annual report, he has a personal interest of 2,052,000 underlying Shares attached to the share options granted by the Company within the meaning of Part XV of the SFO. A service contract was entered into between Mr. Yip and the Company for a term of three years commencing from 1 January 2014. However, he will also be subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the Articles. He will receive a director’s fee as the Company may determine from time to time. At present, he receives a director’s fee of HK$240,000 per annum. The emoluments of Directors are determined by reference to the Company’s performance and profitability, as well as remuneration benchmark in the industry and the prevailing market conditions.

Basic Compensation

Name Fiscal Year Total

Shaofeng Li

3,335,000

Kaiyu Yang

2,774,000

Kwok Kau Tang

2,080,000

Lai Yee Chan

--

Shun Sang Leung

120,000

Jun Liao

--

Wenhui Zhang

--

Yiu Kin Lam

--

Yui Lun Law

--

Kin Man Yip

--
As Of  30 Dec 2014

Options Compensation

Search Stocks