People: New World Development Co Ltd (NDVLY.PK)

NDVLY.PK on OTC Markets Group

3.35USD
24 May 2013
Price Change (% chg)

$-0.07 (-2.05%)
Prev Close
$3.42
Open
$3.33
Day's High
$3.35
Day's Low
$3.33
Volume
4,373
Avg. Vol
17,736
52-wk High
$3.92
52-wk Low
$1.98

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Summary

Name Age Since Current Position

Kar-Shun Cheng

 65 2012 Executive Chairman of the Board

Guanzhan Chen

 53 2012 Executive Director, Joint General Manager

Chi-Kong Cheng

 32 2012 Executive Director, Joint General Manager

Chi-Heng Cheng

 34 2010 Executive Director

Chi-Man Cheng

 31 2012 Executive Director

Man-Fung Ki

 65 2012 Executive Director

Man-hoi Wong

 53 2011 Company Secretary

Kar-Shing Cheng

 60 1994 Non-Executive Director

Chong-Hou Liang

 67 2012 Non-Executive Director

Mou-Sing Cha

 70 1989 Independent Non-Executive Director

Hau-Hay Ho

 61 2007 Independent Non-Executive Director

Luen-Wai Lee

 63 2004 Independent Non-Executive Director

Cheung-Biu Liang

 65 2012 Independent Non-Executive Director

Ping-Leung Yeung

 55 1985 Independent Non-Executive Director
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Biographies

Name Description

Kar-Shun Cheng

 Dr. Cheng Kar-Shun, LL.D., has been appointed as Executive Chairman of the Board of New World Development Company Ltd., effective March 1, 2012. He served as Managing Director of the Company. He was appointed as director of the Company in October 1972, then executive director in 1973 and became managing director from 1989. He was appointed as a member of the remuneration committee of the Company on 18 January 2012. Dr. Cheng is the chairman and managing director of New World China Land Limited, the chairman of NWS Holdings Limited, the chairman and non-executive director of New World Department Store China Limited, the chairman and executive director of Chow Tai Fook Jewellery Group Limited, the chairman of International Entertainment Corporation, an independent non-executive director of HKR International Limited, and a non-executive director of Lifestyle International Holdings Limited, all of them are listed public companies in Hong Kong. Dr. Cheng is also the managing director of New World Hotels (Holdings) Limited and a director of certain subsidiaries of the Group. He is a director of Cheng Yu Tung Family (Holdings) Limited, Cheng Yu Tung Family (Holdings II) Limited, Chow Tai Fook Capital Limited, Chow Tai Fook (Holding) Limited and Chow Tai Fook Enterprises Limited, all of them are substantial shareholders of the Company. Dr. Cheng was the chairman of Haitong International Securities Group Limited, a listed public company in Hong Kong, up to his resignation on 13 January 2010. Except as disclosed, Dr. Cheng did not hold directorship in other listed public companies in the past three years or any position with the Company or other members of the Group. Dr. Cheng is the chairman of the Advisory Council for The Better Hong Kong Foundation and a standing committee member of the Eleventh Chinese People’s Political Consultative Conference of The People’s Republic of China. In 2001, Dr. Cheng was awarded the Gold Bauhinia Star by the Government of the Hong Kong Special Administrative Region.

Guanzhan Chen

 Mr. Chen Guanzhan has been appointed as Executive Director, Joint General Manager of New World Development Company Ltd., effective March 1, 2012. Mr. Chen joined the Company as general manager on 1 January 2011. He also acts as director of certain subsidiaries of the Group. Mr. Chen was an executive director of Yuexiu Transport Infrastructure Limited (formerly known as GZI Transport Limited), a listed public company in Hong Kong, up to his resignation on 3 November 2009. Except as disclosed, Mr. Chen did not hold directorship in other listed public companies in the past three years or any position with the Company or other members of the Group. Mr. Chen holds a Bachelor of Science Degree from Sun Yat-Sen University in Guangzhou and a Master of Science Degree in Environmental Chemical Engineering from South China University of Technology in Guangzhou. He had also been a visiting scholar to the California State University, Northridge in U.S.A. where he studied Public Administration. Mr. Chen had previously taught at South China University of Technology, and held certificates as university lecturer, senior engineer, and held offices in various departments of the Guangzhou Municipal People’s Government.

Chi-Kong Cheng

 Mr. Cheng Chi-Kong serves as Executive Director, Joint General Manager of New World Development Company Ltd. He has been appointed as Joint General Manager of the Company, effective March 1, 2012. He was appointed as executive director of the Company in March 2007. He is an executive director of New World China Land Limited, New World Department Store China Limited, Chow Tai Fook Jewellery Group Limited and International Entertainment Corporation, all being listed public companies in Hong Kong. He is a director of Chow Tai Fook (Holding) Limited and Chow Tai Fook Enterprises Limited, both are substantial shareholders of the Company. He is also a director of certain subsidiaries of the Group. Except as disclosed, Mr. Cheng did not hold directorship in other listed public companies in the past three years or any position with the Company or other members of the Group. Mr. Cheng worked in a international bank prior to joining the Group in September 2006 and has substantial experience in corporate finance. Mr. Cheng holds a Bachelor of Arts Degree (cum laude) from Harvard University. He is the vice-chairrman of the Youth Federation of the Central State-owned Enterprises, the vice-chairman of All-China Youth Federation, a member of the Tianjin Municipal Committee of The Chinese People’s Political Consultative Conference, a consultant of the Beijing Municipal Committee of The Chinese People’s Political Consultative Conference, chairman of China Young Leaders Foundation and the honorary chairman of Fundraising Committee of the Wu Zhi Qiao (Bridge to China) Charitable Foundation.

Chi-Heng Cheng

 Mr. Cheng Chi-Heng is Executive Director of New World Development Company Limited., since June 1, 2010. Mr. Cheng is a Director of Centennial Success Limited and Chow Tai Fook Enterprises Limited, both are shareholders of the Company. Mr. Cheng had worked in Yu Ming Investment Management Limited from 1999 to 2000 as a corporate finance executive. He obtained his Bachelor of Arts degree majoring in Economics from the University of Western Ontario, Canada in 1999.

Chi-Man Cheng

 Ms. Cheng Chi-Man has been appointed as Executive Director of New World Development Company Ltd., effective March 1, 2012. She is currently the chief executive officer of New World Hospitality and oversees the hotel division as well as the project management division of the Group. Ms. Cheng is also an executive director of New World China Land Limited, a listed public company in Hong Kong, and a director of certain subsidiaries of the Group. Except as disclosed, Ms. Cheng did not hold directorship in other listed public companies in the past three years or any position with the Company or other members of the Group. Before joining the Group in 2008, Ms. Cheng had worked in a international investment bank and a global U.S private equity firm specialising in real estate investments. Ms. Cheng holds a Bachelor of Arts Degree in Applied Mathematics with concentration in Economics from Harvard University in U.S.A..

Man-Fung Ki

 Ms. Ki Man-Fung has been appointed as Executive Director of New World Development Company Limited., effective March 1, 2012. She served as Non-Executive Director of the Company, effective March 1, 2012. Ms. Ki was appointed as a non-executive director of the Company in December 2008. Ms. Ki is the managing director of New World China Enterprises Projects Limited since 1997 and a director of certain subsidiaries of the Group. Ms. Ki is an independent non-executive director of Clear Media Limited and Sa Sa International Holdings Limited. She is also a director of Chow Tai Fook Charity Foundation. Except as disclosed, Ms. Ki did not hold directorship in other listed public companies in the past three years or any position with the Company or other members of the Group. Ms. Ki has more than 30 years’ experience in integrated communication and marketing services. She was the founder, partner and chairman/chief executive officer of Grey Hong Kong Advertising Limited and Grey China Advertising Limited. Ms. Ki is committed to the community and public services. She was the first chief executive of The Better Hong Kong Foundation. She is currently a life member of the Children’s Cancer Foundation, trustee of Ocean Park Conservation Fund, honorary secretary of Wu Zhi Qiao Charitable Foundation, a member of the Sports Commission of Hong Kong, a member of the Hong Kong Housing Society, a court and council member of Lingnan University, a member of the Asian Advisory Board of Cheng Yu Tung Management Institute, Richard Ivey School of Business (University of Western Ontario, Canada), a member of the Advisory Board of the EMBA Programme of CUHK, a member of the Career Advisory Board of HKU, a member of The Chinese People’s Political Consultative Conference of the Yunnan Province, and a recipient of Honorary University Fellows from OUHK and HKU, Beta Gamma Sigma from CUHK/BA, Justice of Peace and Silver Bauhinia Star by the Government of the Hong Kong Special Administrative Region.

Man-hoi Wong

 Mr. Wong Man-Hoi is Company Secretary of New World Development Co Ltd. Mr. Wong joined the Company in November 2000 and has headed the Legal Department since November 2001. Mr. Wong is a member of the Law Society of Hong Kong and has been a qualified solicitor in Hong Kong since 1994. Before joining the Company, Mr. Wong worked as a solicitor in Deacons specialising in real estate practice. Mr. Wong obtained his Bachelor of Science (Engineering) degree from the University of Hong Kong in 1981, Bachelor of Laws degree from the University of London in 1990 and passed the Solicitors’ Final Examination of the Law Society of England and Wales in 1992.

Kar-Shing Cheng

 Mr. Cheng Kar-Shing is Non-Executive Director of New World Development Company Ltd., since October 1994. Mr. Cheng is a Director of New World Hotels (Holdings) Limited, the Deputy Managing Director of New World Development (China) Limited, and a Director of NWS Service Management Limited and certain subsidiaries of the Group. He is a Director of Cheng Yu Tung (Holdings) Limited, Centennial Success Limited and Chow Tai Fook Enterprises Limited, all of them are shareholders of the Company. He is also an Executive Director of New World China Land Limited, and an Independent Non-executive Director of King Fook Holdings Limited and Symphony Holdings Limited, all being listed public companies in Hong Kong. Mr. Cheng is a Fellow of The Hong Kong Institution of Engineers, a Fellow of The Hong Kong Institute of Arbitrators, an Accredited Mediator of Hong Kong Mediation Centre, a CEDR Accredited Mediator, HKIAC Accredited Mediator (General) and a Panel Mediator of Land (Compulsory Sale For Redevelopment) Ordinance Pilot Mediation Scheme of The Joint Mediation Helpline Office.

Chong-Hou Liang

 Mr. Liang Chong-Hou has been appointed as Non-Executive Director of New World Development Company Ltd., effective 1 March 2012. He served as Executive Director of the Company. Mr. David Liang was appointed as director of the Company in November 1979 and became executive director in 1986. Except as disclosed, Mr. David Liang did not hold directorship in other listed public companies in the past three years or any position with the Company or other members of the Group. Mr. David Liang is the cousin of Mr. Liang Cheung-Biu, Thomas. Except as disclosed, Mr. David Liang does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. As at the date hereof, Mr. David Liang has personal interest in 332,863 underlying shares of the Company attached to the share options granted by the Company within the meaning of Part XV of the SFO. Mr. David Liang is the cousin of Mr. Liang Cheung-Biu, Thomas. Except as disclosed, Mr. David Liang does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. As at the date hereof, Mr. David Liang has personal interest in 332,863 underlying shares of the Company attached to the share options granted by the Company within the meaning of Part XV of the SFO. Mr. David Liang confirms that he is a director of Macao Dragon Company Limited (“Macao Dragon”), a company incorporated in Hong Kong with limited liability and engaged in the provision of travel services, since 5 August 2010.

Mou-Sing Cha

 Dr. Cha Mou-Sing is Independent Non-Executive Director of New World Development Company Ltd., since April 1989. Dr. Cha is also the Chairman of HKR International Limited and the Nonexecutive Chairman of Hanison Construction Holdings Limited, both of them are listed public companies in Hong Kong. He is also an Independent Non-executive Director of Eagle Asset Management (CP) Limited – Manager of Champion Real Estate Investment Trust which is listed on The Stock Exchange of Hong Kong Limited, the Chairman of Mingly Corporation, a Director of Asia Television Limited and an Independent Nonexecutive Director of Hong Kong International Theme Parks Limited. Dr. Cha is a Committee Member of the Eleventh Chinese People’s Political Consultative Conference of The People’s Republic of China.

Hau-Hay Ho

 Mr. Ho Hau-Hay is Independent Non-Executive Director of New World Development Company Ltd., He is appointed as Non-executive Director in August 2004 and re-designated as Independent Non-executive Director in November 2007. Mr. Ho was an alternate Director of the Company from 7 January 2004 to 29 August 2004. He is also a Non-executive Director of King Fook Holdings Limited (a listed public company in Hong Kong). He was an Independent Non-executive Director of CITIC Pacific Limited and a Non-executive Director of Dah Chong Hong Holdings Limited, both being listed public companies in Hong Kong, until 1 January 2010. He is also an Executive Director of Honorway Investments Limited and Tak Hung (Holding) Company Limited.

Luen-Wai Lee

 Mr. Lee Luen-Wai is Independent Non-executive Director of New World Development Company Ltd., since August 2004. Mr. Lee is also the Managing Director and Chief Executive Officer of Lippo Limited and the Chief Executive Officer of Lippo China Resources Limited and Hongkong Chinese Limited as well as an Independent Non-executive Director of New World China Land Limited, all being listed public companies in Hong Kong. He is also a Non-executive Director of Export and Industry Bank, Inc. (a listed company in the Republic of Philippines) and Asia Now Resources Corporation (a listed company in Canada). He was a Non-executive Director of Medco Holdings, Inc., a listed company in the Republic of Philippines, up to his resignation on 23 July 2009. Mr. Lee is a Fellow Member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants, and an Associate Member of The Institute of Chartered Accountants in England and Wales. He was a partner of Price Waterhouse (now PricewaterhouseCoopers) in Hong Kong and has experience in corporate finance and capital markets. Mr. Lee is an Honorary Fellow of the City University of Hong Kong. He serves as a member on a number of Hong Kong Government Boards and Committees including as a member of the Hospital Authority and the Chairman of its Finance Committee. He is also the Chairman and the Trustee of the Hospital Authority Provident Fund Scheme, as well as the Chairman of the Queen Elizabeth Hospital Governing Committee. In addition, Mr. Lee serves as a member of Non-local Higher and Professional Education Appeal Board. In 2011, Mr Lee was awarded the Bronze Bauhinia Star by the Government of the Hong Kong Special Administrative Region.

Cheung-Biu Liang

 Mr. Liang Cheung-Biu has been appointed as Independent Non-Executive Director of New World Development Company Ltd., effective 1 March 2012. He served as Non-Executive Director of the Company. Mr. Thomas Liang was appointed as non-executive Director of the Company in August 2004. Mr. Thomas Liang is a non-executive director of Miramar Hotel and Investment Company, Limited (a listed public company in Hong Kong) and the group chief executive of Wideland Investors Limited. Except as disclosed, Mr. Thomas Liang did not hold directorship in other listed public companies in the past three years or any position with the Company or other members of the Group. He has experience in financial management, corporate finance, banking, real estate development and equity investment. Mr. Thomas Liang is the cousin of Mr. Liang Chong-Hou, David. Except as disclosed, Mr. Thomas Liang does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company.

Ping-Leung Yeung

 Mr. Yeung Ping-Leung is Independent Non-Executive Director of New World Development Company Ltd., since November 1985. He is also the Chairman of King Fook Holdings Limited and a Non-executive Director of Miramar Hotel and Investment Company, Limited, both being listed public companies in Hong Kong.

Basic Compensation

Name Fiscal Year Total

Kar-Shun Cheng

 45,100,000

Guanzhan Chen

 6,500,000

Chi-Kong Cheng

 11,000,000

Chi-Heng Cheng

 1,000,000

Chi-Man Cheng

 9,500,000

Man-Fung Ki

 8,400,000

Man-hoi Wong

 --

Kar-Shing Cheng

 --

Chong-Hou Liang

 200,000

Mou-Sing Cha

 --

Hau-Hay Ho

 --

Luen-Wai Lee

 --

Cheung-Biu Liang

 --

Ping-Leung Yeung

 --
As Of 29 Jun 2012

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