Edition:
United States

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

0017.HK on Hong Kong Stock

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2 Dec 2016
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Cheng, Kar-shun 

Dr. Cheng Kar-Shun (Henry), LL.D., is Executive Chairman of the Board of New World Development Company Limited. He was appointed as Director in October 1972, Executive Director in 1973, became Managing Director from 1989 and Chairman from March 2012. Dr. Cheng is a member of the Remuneration Committee and the chairman of the Nomination Committee and Executive Committee of the Board of Directors of the Company. Dr. Cheng is the chairman and managing director of New World China Land Limited, the chairman and executive director of NWS Holdings Limited, Chow Tai Fook Jewellery Group Limited and International Entertainment Corporation, the chairman and non-executive director of New World Department Store China Limited and Newton Resources Ltd, an independent non-executive director of HKR International Limited and Hang Seng Bank Limited, and a non-executive director of Lifestyle International Holdings Limited and SJM Holdings Limited, all of them are listed public companies in Hong Kong. Dr. Cheng is also the chairman 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 is the chairman of the Advisory Council for The Better Hong Kong Foundation and a Standing Committee Member of the Twelfth 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.

Basic Compensation

Total Annual Compensation, HKD 1,700,000
Restricted Stock Awards, HKD --
Long-Term Incentive Plans, HKD --
All Other, HKD 63,900,000
Fiscal Year Total, HKD 65,600,000

Options Compensation

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

Kar-shun Cheng

65,600,000

Chi-Kong Cheng

21,700,000

Wai Hoi Doo

500,000

Guanzhan Chen

9,000,000

Tak-Cheong Au

9,400,000

Chi-Heng Cheng

2,500,000
As Of  29 Jun 2015