People: New World Development Co Ltd (0017.HK)
29 May 2017
Mr. Cheng Chi-Kong has been appointed as an Executive Vice Chairman of the Board, General Manager of New World Development Company Limited, effective March 1, 2017. He has been appointed as an Executive Director in March 2007, and became Executive Director and Joint General Manager from March 2012. Dr. Cheng is a member of the Executive Committee of the Board of Directors of the Company. Dr. Cheng 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, and a non-executive director of Giordano International Limited and Modern Media Holdings Limited, 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 the chairman of New World Group Charity Foundation Limited and a director of certain subsidiaries of the Group. Dr. Cheng worked in a major international bank prior to joining the Group in September 2006 and has substantial experience in corporate finance. Dr. Cheng holds a Bachelor of Arts Degree (cum laude) from Harvard University, and was conferred the Honorary Doctorate of Humanities by the Savannah College of Art and Design. He is the vice-chairman of the Youth Federation of the Central Stateowned Enterprises, the vice-chairman of All-China Youth Federation, a member of the Tianjin Municipal Committee of The Chinese People’s Political Consultative Conference, the chairman of China Young Leaders Foundation, the honorary chairman of K11 Art Foundation and the honorary chairman of Fundraising Committee of the Wu Zhi Qiao (Bridge to China) Charitable Foundation.
|Total Annual Compensation, HKD||700,000|
|Restricted Stock Awards, HKD||--|
|Long-Term Incentive Plans, HKD||--|
|All Other, HKD||21,000,000|
|Fiscal Year Total, HKD||21,700,000|