Corporate Governance

Board of Directors

Mr. SHAO Yan

Chairman and non-executive Director

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Mr. SHAO Yan (邵岩), aged 56, was appointed as a Director of the Company in August 2016 and has been the Chairman of the Board and the Non-executive Director since June 2018.

Prior to joining our Company, Mr. Shao served as staff member at Yunnan Tobacco Science Research Institute* (云南省烟草科学研究所) from July 1991 to October 1995. He then successively served as a deputy section chief of tobacco leaves manufacturing division and section chief of the tobacco leaves division in Yunnan Tobacco Company* (云南省烟草公司) from October 1995 to January 2001. From January 2001 to April 2007, Mr. Shao served at Yunnan Tobacco Monopoly Administration (Company)* (云南省烟草专卖局(公司)) as a deputy division director of the tobacco leaves management division and deputy chief agronomist, successively. He also served as the head of Yunnan Tobacco Science Research Institute* (云南省烟草科学研究所) from December 2003 to April 2007 and a director of China Tobacco (Southern) Breeding Research Institute* (中国烟草育种研究(南方)中心) from June 2005 to April 2007. From April 2007 to November 2010, Mr. Shao served as a deputy general manager and the general manager at Tian Ze Tobacco Company (PVT) Limited* (天泽烟草有限责任公司), successively. From April 2009 to December 2015, Mr. Shao served as a deputy general manager of Yunnan Tobacco Monopoly Administration (Company)* (云南省烟草专卖局(公司)). Mr. Shao has been serving as the general manager of China Tobacco International Inc. since December 2015. Mr. Shao has been serving as the chairman and general manager of CTIG since January 2021.

Mr. Shao received a bachelor’s degree of biology from Hangzhou Normal University in July 1988, and a master’s degree in crop cultivation and planting from Yunnan Agricultural University in July 1991. He graduated from Hunan Agricultural University with a doctor’s degree in tobacco science and technology engineering in June 2008.

Ms. YANG Xuemei

Executive Director

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Ms. YANG Xuemei(楊雪梅), aged 51, has been the General Manager of the Company since March 2020. Ms. Yang joined us in October 2018 as the Vice General Manager of the Company and has been an executive director of the Company since December 2018. Ms. Yang has been the General Manager of the Company since 17 March 2020.

From July 1992 to June 1995, Ms. Yang worked at Kunming Machine Tool Company Limited* (昆明機床股份有限公司). She then worked at Yuxi Cigarette Factory* (玉溪捲煙廠) from June 1995 to February 1999 and at Yunnan Hongta Import and Export Company Limited* (雲南紅塔進出口有限公司) from February 1999 to January 2003. From January 2003 to January 2007, Ms. Yang successively served as a section chief of overseas investment management division, an assistant of manager and deputy manager at Hongta International Company Limited* (紅塔國際公司). From January 2007 to September 2018, Ms. Yang successively served as the vice general manager, general manager and chairman of Yunnan Tobacco International Company Limited* (雲南煙草國際有限公司).

Ms. Yang became a senior economist awarded by China National Tobacco Corporation* (中國煙草總公司) in August 2014. Ms. Yang obtained a bachelor degree of engineering from North University of China (formerly known as Taiyuan Institute of Mechanical) in July 1992, and a master degree of economics from Yunnan University in April 2007. Ms. Yang also obtained an MBA degree from University of Chicago Booth School of Business in March 2010.

Ms. LI Yan

Executive Director

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Ms. LI Yan(李妍), aged 51, joined us in March 2020 as an executive director and a Vice General Manager of the Company.

From July 1992 to March 2020, Ms. Li worked at China Tobacco International Inc. and successively worked at the market development department, overseas business department, tobacco leaf operation department, planning & investment department and compliance office. Ms. Li has 12 years of experience in investment management of overseas tobacco industry.

Ms. Li has 11 years of experience in investment management of overseas tobacco industry. Ms. Li obtained a bachelor degree in economics from Nankai University (formerly known as Tianjin Foreign Trade Institute) in July 1992 and an MBA degree from Northern Jiaotong University in April 2006.

Mr. LIANG Deqing

Executive Director

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Mr. LIANG Deqing(梁德清), aged 59, joined us in March 2020 as an executive director and a Vice General Manager of the Company.

From August 1982 to April 1989, Mr. Liang worked at Qinghai First Machine Tool Factory* (青海第一機床廠). He successively served as the deputy manager and manager of the research institute as well as the director of the machinery sub-factory of Henan Xuchang Flue-cured Tobacco Plant* (河南許昌烤煙廠) from April 1989 to December 1993, and the deputy general manager and general manager of Tianchang International Tobacco Co., Ltd.* (天昌國際煙草有限公司) from December 1993 to December 2001. Mr. Liang served as the general manager of China Tobacco Henan Import and Export Company Limited* (中國煙草河南進出口有限責任公司) from December 2001 to January 2010; the general manager of China Tabaco Internacional Do Brasil Ltda.* (中煙國際巴西有限公司) from January 2010 to April 2014; an officer of China Tobacco Henan Import and Export Company Limited* (中國煙草河南進出口有限責任公司) from April 2014 to October 2015; the general manager of China Tobacco International (North America), Inc. * (中煙國際(北美)股份有限公司) from October 2015 to August 2018; and the manager of the marketing department of China Tobacco International Group Limited (中煙國際集團有限公司) (formerly known as Tian Li International Company Limited (天利國際經貿有限公司)) from September 2018 to March 2020.

Mr. Liang became a senior engineer awarded by State Tobacco Monopoly Administration in November 2006 and obtained a bachelor degree of engineering from Lanzhou University of Technology (formerly known as Gansu University of Technology) in August 1982. He successively served as a member of the third and fourth sessions of the project construction sub-committee of China Tobacco Standardization Technology Committee* (全國煙草標準化技術委員會) from December 2000 to October 2008; and a member of the third session of China Tobacco Standardization Technology Committee* (全國煙草標準化技術委員會) from January 2006 to January 2011.

Mr. WANG Chengrui

Executive Director

Joint Company Secretaries

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Mr. WANG Chengrui (王成瑞), aged 40, was the deputy manager of the securities department of our Company from April 2018 to November 2019. Mr. Wang has been our executive Director since December 2018, our joint company secretary since June 2019 and the manager of the securities department of our Company since December 2019. He has previously used another Chinese name as Wang Chengrui(王成锐).

Prior to joining our Company, Mr. Wang served as a marketing assistant of marketing center of Yunnan Hongta Group* (云南红塔集团) from July 2005 to July 2009 and a management staff of employees’ career development at the human resource department of Yunnan Hongta Group from July 2009 to March 2013. From March 2013 to September 2016, Mr. Wang worked for the tobacco economy information centre of STMA as a principal staff member. He then served as a principal staff member of the planning & investment department of China Tobacco International Inc. from September 2016 to June 2017 and as a deputy manager of the strategic development department of Tian Li International Company Limited from July 2017 to June 2018.

Mr. Wang obtained two bachelor’s degrees in economics and software engineering from Yunnan University in July 2005. He also obtained an MBA degree from Yunnan University in December 2012.

Mr. CHOW Siu Lui

Independent Non-executive Director

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Mr. CHOW Siu Lui (邹小磊), aged 60, has been appointed as our independent non-executive Director since December 2018.

Mr. Chow has a wealth of experience in fund raising and initial public offering activities in Hong Kong and in accounting and financial areas. He is currently a partner of VMS Investment Group (HK) Limited and is responsible for its private equities activities.

Mr. Chow joined KPMG Hong Kong in July 1983 and was admitted as a partner in July 1995. In 2010, Mr. Chow participated in the review of the Code on Corporate Governance Practices issued by the Stock Exchange as a member of the listing committee. He retired from KPMG Hong Kong in December 2011. He worked at VMS Investment Group (HK) Ltd. as a director manager of the private equity department since April 2012 and is a partner currently. He served as an independent non-executive director of Fullshare Holdings Limited, a company listed on the Stock Exchange (Stock Code: 00607), since December 2013, an independent non-executive director of Genertec Universal Medical Group Company Limited, a company listed on the Stock Exchange (Stock Code: 2666), since June 2015, an independent non-executive director of Shanghai Dazhong Public Utilities (Group) Co.Ltd., a company listed on the Stock Exchange (Stock Code: 1635), since April 2016, an independent non-executive director of Futong Technology Development Holdings Limited, a company listed on the Stock Exchange (Stock Code: 0465), since December 2016, an independent non-executive director of China Everbright Greentech Limited, a company listed on the Stock Exchange (Stock Code: 1257), since May 2017, an independent non-executive director of Global Cord Blood Corporation (a company listed on the New York Stock Exchange, with stock code: NYSE: CO) since November 2019, and a non-executive director of Renrui Human Resources Technology Holdings Limited, a company listed on the Stock Exchange (Stock Code: 6919), since December 2019. He also served as an independent non-executive director of Sinco Pharmaceuticals Holdings Limited, a company listed on the Stock Exchange (Stock Code: 6833), from September 2015 to November 2018.

Mr. Chow obtained his qualification as a fellow of the Association of Chartered Certified Accountants (英国特许公认会计师公会) in July 1991, the Hong Kong Institute of Certified Public Accountants (香港会计师公会) (the “HKICPA”, formerly known as the Hong Kong Society of Accountants) in December 1993, the Hong Kong Institute of Chartered Secretaries (香港特许秘书公会) (the “HKICS”) in 2009, and the Institute of Chartered Secretaries and Administrators (英国特许秘书及行政人员公会) in 2009. Mr. Chow was appointed as the chairman of the mainland development strategies advisory panel and a member of the registration and practicing committee of the HKICPA for the year 2016 in February 2016. Mr. Chow was appointed as a council member and chairman of audit committee of the HKICS in December 2015. He obtained a professional diploma in accountancy from Hong Kong Polytechnic University (formerly known as Hong Kong Polytechnic) in November 1983.

Mr. WANG Xinhua

Independent Non-executive Director

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Mr. WANG Xinhua (王新華), aged 65, has been appointed as our independent non-executive Director since December 2018.

Mr. Wang has more than 16 years of experience in financial management of PRC state-owned enterprises and Hong Kong listed companies. He has rich experience in listing compliance matters and providing financial advices to listed companies.

Prior to joining our Company, Mr. Wang served as director of the financial planning department of China Petrochemical Corporation* (中國石化集團公司), from November 2004 to April 2009. He worked as the chief financial officer at the China Petroleum & Chemical Corporation, a company listed on the Stock Exchange (Stock Code: 0386), the Shanghai Stock Exchange (Stock Code: 600028), the New York Stock Exchange (Stock Code: SNP), and the London Stock Exchange (Stock Code: SNP), from May 2009 to December 2015. He also served as an independent director of Guizhou Jiulian Industrial Explosive Materials Development Company Limited, a company listed on the Shenzhen Stock Exchange (Stock Code: 002037), from March 2016 to December 2019, an independent director of Guizhou Yibai Pharmaceutical Company Limited* (貴州益佰製藥股份有限公司), a company listed on the Shanghai Stock Exchange (Stock Code: 600594), from September 2016 to September 2019, an independent director of Xinjiang Zhongtai Chemical Company Limited* (新疆中泰化學股份有限公司), a company listed on the Shenzhen Stock Exchange (Stock Code: 002092), since January 2017, an independent director of China Petroleum Engineering Company Limited* (中國石油集團工程股份有限公司), a company listed on the Shanghai Stock Exchange (Stock Code: 600339), since September 2017, and an independent director of Simcere Pharmaceutical Group* (先聲藥業集團有限公司), a company listed on the Stock Exchange (Stock Code: 02096), since November 2019.

Mr. Wang obtained a bachelor’s degree from Northeastern University in the PRC in July 1996 and was a professor-level senior accountant granted by Sinopec Group in January 2004.

Mr. CHAU Kwok Keung

Independent Non-executive Director

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Mr. CHAU Kwok Keung (邹国强), aged 44, has been appointed as our independent non-executive Director since December 2018.

Mr. Chau has more than 17 years of experience in accounting and financial management. Mr. Chau joined BetterLife Holding Limited as its chief financial officer in September 2020 and was appointed as an executive Director in December 2020. He is responsible for overall financial planning and management, company secretarial affairs, coordination of investors relations and administrative work.

Mr. Chau has served as an executive director and the chief financial officer of Comtec Solar Systems Group Limited (a company listed on the Stock Exchange with stock code: 712.HK) from November 2007 to January 2020. Mr. Chau was responsible for its corporate financial and general management. He was also appointed as (i) an independent non-executive director and the chairman of the audit committee of Qingdao Port International Co., Ltd., a company dual-listed on the Stock Exchange (stock code: 6198.HK) and the Shanghai Stock Exchange (stock code: 601298.SH) from May 2014 to May 2019; (ii) an independent director of The9 Limited, whose shares are listed by way of American Depository Shares on NASDAQ (NASDAQ: NCTY), since October 2015; (iii) an independent non-executive director and the chairman of the audit committee of China Xinhua Education Group Ltd., a company listed on the Stock Exchange (stock code: 2779.HK), since October 2017; (iv) an independent non-executive director and the chairman of the audit committee of Forward Fashion (International) Holdings Company Limited, a company listed on the Stock Exchange (stock code: 2528.HK), since December 2019; and (v) an independent non-executive director of Bank of Zhangjiakou Co., Ltd (张家口银行股份有限公司) since April 2020. He also acted as a member of supervisory board of RIB Software AG (symbol: RIB), a software company in Germany, which was listed on the Frankfurt Stock Exchange, from May 2010 to June 2013.

Mr. Chau has also served in various positions at China.com Inc. (currently known as Sino Splendid Holdings Limited), a company listed on the Stock Exchange (stock code: 8006.HK) from October 2005 to October 2007, including qualified accountant, chief financial officer, company secretary and authorised representative. Prior to joining China.com Inc., he was the deputy group financial controller of China South City Holdings Limited, a company listed on the Stock Exchange (stock code: 1668.HK) from August 2003 to April 2005 and the financial controller of Shanghai Hawei New Materials and Technology Company Limited from June 2002 to August 2003. Mr. Chau was employed by Arthur Andersen & Co. initially as an experienced staff accountant and then he was subsequently promoted to be a senior consultant in the Global Corporate Finance Division of Arthur Andersen & Co. in March 2002.

Mr. Chau has been a member of the Association of Chartered Certified Accountants (ACCA) since June 2002, a Chartered Financial Analyst of CFA Institute since September 2003 and a member of Hong Kong Institute of Certified Public Accountants (HKICPA) since July 2005. Mr. Chau also obtained a certificate of Qualified Independent Director from the Shanghai Stock Exchange since August 2017 and was approved by China Banking Regulatory Commission as qualified director of banking institutions in China since March 2020. Mr. Chau has been a fellow member of the Institute of Public Accountants (IPA) of Australia and Institute of Financial Accountants (IFA) since June 2020. Mr. Chau received a bachelor’s degree in Business Administration from the Chinese University of Hong Kong in December 1998.

Mr. QIAN Yi

Independent Non-executive Director

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Mr. QIAN Yi (钱毅), aged 67, has been appointed as our independent non-executive Director since 17 May 2019.

Mr. Qian has 37 years of experience in enterprise management and 11 years of experience in the tobacco industry.

Prior to joining our Company, Mr. Qian successively served as the general manager and then concurrently a director of Nanyang Brothers Tobacco Co., Ltd. (“Nanyang Tobacco”), a Hong Kong-based cigarettes manufacturer who sells different kinds of cigarettes products in various regions including Hong Kong and Macau and a wholly owned subsidiary of Shanghai Industrial Holdings Limited (Stock Code: 363), from September 2008 until his retirement in May 2017. He successively served as a deputy chief executive officer, and an executive director and deputy chief executive officer of Shanghai Industrial Holdings Limited in Hong Kong from November 2009 to February 2014. In addition, Mr. Qian served as a director of The Wing Fat Printing Company, Limited in Hong Kong from May 2009 to June 2013 and as a director of Shanghai Industrial Investment (Holdings) Co., Ltd. in Hong Kong from July 2012 to February 2014, respectively. Mr. Qian also served as a visiting professor at the University of Shanghai for Science and Technology and Shanghai Publishing and Printing College, respectively, from November 2012.

Mr. Qian graduated from a postsecondary program in management engineering of Shanghai Jiaotong University in January 1983, an undergraduate program in enterprise management of Fudan University in July 1995 and a graduate program in economics of East China Normal University in July 2000. Mr. Qian obtained his qualification as a senior economist granted by Shanghai Municipal Qualification Reform Work Leading Team (上海市职称改革工作领导小组) in December 1992.

Mr. CHEUNG Kai Cheong Willie

Joint Company Secretaries

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Mr. Cheung Kai Cheong Willie (張啟昌), has been appointed as one of our joint company secretaries since December 2018.

Mr. Cheung has more than 19 years of professional experiences in company secretarial, accounting and finance matters. Mr. Cheung worked as a manager of SW Corporate Services Group Limited mainly responsible for assisting listed companies in professional company secretarial work since April 2017. Prior to joining SW Corporate Services Group Limited, Mr. Cheung served as the vice finance manager of Luk Hing Entertainment Group Holdings Limited, a company listed on the Stock Exchange (Stock Code: 8052) from December 2014 to February 2016. He served as the company secretary and finance manager of CMMB Vision Holdings Limited, a company listed on the Stock Exchange (Stock Code: 0471) from July 2008 to June 2014. Mr. Cheung served as an audit assistant of Elina Hung & Co. from September 1996 to November 1997, an audit manager of Li, Tang, Chen & Co. from January 1998 to June 2006 and an audit senior of BDO McCabe Lo Limited from June 2006 and June 2008.

Mr. Cheung became a fellow member of the Hong Kong Institute of Certified Public Accountants in January 2009 and a fellow member of the Association of Chartered Certified Accountants in the United Kingdom in October 2008. Mr. Cheung obtained a Bachelor Degree of Arts (Honors) in Accounting and Finance at the University of Glamorgan in the U.K. in June 1996.

Mr. SHAO Yan (邵岩), aged 56, was appointed as a Director of the Company in August 2016 and has been the Chairman of the Board and the Non-executive Director since June 2018.

Prior to joining our Company, Mr. Shao served as staff member at Yunnan Tobacco Science Research Institute* (云南省烟草科学研究所) from July 1991 to October 1995. He then successively served as a deputy section chief of tobacco leaves manufacturing division and section chief of the tobacco leaves division in Yunnan Tobacco Company* (云南省烟草公司) from October 1995 to January 2001. From January 2001 to April 2007, Mr. Shao served at Yunnan Tobacco Monopoly Administration (Company)* (云南省烟草专卖局(公司)) as a deputy division director of the tobacco leaves management division and deputy chief agronomist, successively. He also served as the head of Yunnan Tobacco Science Research Institute* (云南省烟草科学研究所) from December 2003 to April 2007 and a director of China Tobacco (Southern) Breeding Research Institute* (中国烟草育种研究(南方)中心) from June 2005 to April 2007. From April 2007 to November 2010, Mr. Shao served as a deputy general manager and the general manager at Tian Ze Tobacco Company (PVT) Limited* (天泽烟草有限责任公司), successively. From April 2009 to December 2015, Mr. Shao served as a deputy general manager of Yunnan Tobacco Monopoly Administration (Company)* (云南省烟草专卖局(公司)). Mr. Shao has been serving as the general manager of China Tobacco International Inc. since December 2015. Mr. Shao has been serving as the chairman and general manager of CTIG since January 2021.

Mr. Shao received a bachelor’s degree of biology from Hangzhou Normal University in July 1988, and a master’s degree in crop cultivation and planting from Yunnan Agricultural University in July 1991. He graduated from Hunan Agricultural University with a doctor’s degree in tobacco science and technology engineering in June 2008.

Ms. YANG Xuemei(楊雪梅), aged 51, has been the General Manager of the Company since March 2020. Ms. Yang joined us in October 2018 as the Vice General Manager of the Company and has been an executive director of the Company since December 2018. Ms. Yang has been the General Manager of the Company since 17 March 2020.

From July 1992 to June 1995, Ms. Yang worked at Kunming Machine Tool Company Limited* (昆明機床股份有限公司). She then worked at Yuxi Cigarette Factory* (玉溪捲煙廠) from June 1995 to February 1999 and at Yunnan Hongta Import and Export Company Limited* (雲南紅塔進出口有限公司) from February 1999 to January 2003. From January 2003 to January 2007, Ms. Yang successively served as a section chief of overseas investment management division, an assistant of manager and deputy manager at Hongta International Company Limited* (紅塔國際公司). From January 2007 to September 2018, Ms. Yang successively served as the vice general manager, general manager and chairman of Yunnan Tobacco International Company Limited* (雲南煙草國際有限公司).

Ms. Yang became a senior economist awarded by China National Tobacco Corporation* (中國煙草總公司) in August 2014. Ms. Yang obtained a bachelor degree of engineering from North University of China (formerly known as Taiyuan Institute of Mechanical) in July 1992, and a master degree of economics from Yunnan University in April 2007. Ms. Yang also obtained an MBA degree from University of Chicago Booth School of Business in March 2010.

Ms. LI Yan(李妍), aged 51, joined us in March 2020 as an executive director and a Vice General Manager of the Company.

From July 1992 to March 2020, Ms. Li worked at China Tobacco International Inc. and successively worked at the market development department, overseas business department, tobacco leaf operation department, planning & investment department and compliance office. Ms. Li has 12 years of experience in investment management of overseas tobacco industry.

Ms. Li has 11 years of experience in investment management of overseas tobacco industry. Ms. Li obtained a bachelor degree in economics from Nankai University (formerly known as Tianjin Foreign Trade Institute) in July 1992 and an MBA degree from Northern Jiaotong University in April 2006.

Mr. LIANG Deqing(梁德清), aged 59, joined us in March 2020 as an executive director and a Vice General Manager of the Company.

From August 1982 to April 1989, Mr. Liang worked at Qinghai First Machine Tool Factory* (青海第一機床廠). He successively served as the deputy manager and manager of the research institute as well as the director of the machinery sub-factory of Henan Xuchang Flue-cured Tobacco Plant* (河南許昌烤煙廠) from April 1989 to December 1993, and the deputy general manager and general manager of Tianchang International Tobacco Co., Ltd.* (天昌國際煙草有限公司) from December 1993 to December 2001. Mr. Liang served as the general manager of China Tobacco Henan Import and Export Company Limited* (中國煙草河南進出口有限責任公司) from December 2001 to January 2010; the general manager of China Tabaco Internacional Do Brasil Ltda.* (中煙國際巴西有限公司) from January 2010 to April 2014; an officer of China Tobacco Henan Import and Export Company Limited* (中國煙草河南進出口有限責任公司) from April 2014 to October 2015; the general manager of China Tobacco International (North America), Inc. * (中煙國際(北美)股份有限公司) from October 2015 to August 2018; and the manager of the marketing department of China Tobacco International Group Limited (中煙國際集團有限公司) (formerly known as Tian Li International Company Limited (天利國際經貿有限公司)) from September 2018 to March 2020.

Mr. Liang became a senior engineer awarded by State Tobacco Monopoly Administration in November 2006 and obtained a bachelor degree of engineering from Lanzhou University of Technology (formerly known as Gansu University of Technology) in August 1982. He successively served as a member of the third and fourth sessions of the project construction sub-committee of China Tobacco Standardization Technology Committee* (全國煙草標準化技術委員會) from December 2000 to October 2008; and a member of the third session of China Tobacco Standardization Technology Committee* (全國煙草標準化技術委員會) from January 2006 to January 2011.

Mr. WANG Chengrui (王成瑞), aged 40, was the deputy manager of the securities department of our Company from April 2018 to November 2019. Mr. Wang has been our executive Director since December 2018, our joint company secretary since June 2019 and the manager of the securities department of our Company since December 2019. He has previously used another Chinese name as Wang Chengrui(王成锐).

Prior to joining our Company, Mr. Wang served as a marketing assistant of marketing center of Yunnan Hongta Group* (云南红塔集团) from July 2005 to July 2009 and a management staff of employees’ career development at the human resource department of Yunnan Hongta Group from July 2009 to March 2013. From March 2013 to September 2016, Mr. Wang worked for the tobacco economy information centre of STMA as a principal staff member. He then served as a principal staff member of the planning & investment department of China Tobacco International Inc. from September 2016 to June 2017 and as a deputy manager of the strategic development department of Tian Li International Company Limited from July 2017 to June 2018.

Mr. Wang obtained two bachelor’s degrees in economics and software engineering from Yunnan University in July 2005. He also obtained an MBA degree from Yunnan University in December 2012.

Mr. CHOW Siu Lui (邹小磊), aged 60, has been appointed as our independent non-executive Director since December 2018.

Mr. Chow has a wealth of experience in fund raising and initial public offering activities in Hong Kong and in accounting and financial areas. He is currently a partner of VMS Investment Group (HK) Limited and is responsible for its private equities activities.

Mr. Chow joined KPMG Hong Kong in July 1983 and was admitted as a partner in July 1995. In 2010, Mr. Chow participated in the review of the Code on Corporate Governance Practices issued by the Stock Exchange as a member of the listing committee. He retired from KPMG Hong Kong in December 2011. He worked at VMS Investment Group (HK) Ltd. as a director manager of the private equity department since April 2012 and is a partner currently. He served as an independent non-executive director of Fullshare Holdings Limited, a company listed on the Stock Exchange (Stock Code: 00607), since December 2013, an independent non-executive director of Genertec Universal Medical Group Company Limited, a company listed on the Stock Exchange (Stock Code: 2666), since June 2015, an independent non-executive director of Shanghai Dazhong Public Utilities (Group) Co.Ltd., a company listed on the Stock Exchange (Stock Code: 1635), since April 2016, an independent non-executive director of Futong Technology Development Holdings Limited, a company listed on the Stock Exchange (Stock Code: 0465), since December 2016, an independent non-executive director of China Everbright Greentech Limited, a company listed on the Stock Exchange (Stock Code: 1257), since May 2017, an independent non-executive director of Global Cord Blood Corporation (a company listed on the New York Stock Exchange, with stock code: NYSE: CO) since November 2019, and a non-executive director of Renrui Human Resources Technology Holdings Limited, a company listed on the Stock Exchange (Stock Code: 6919), since December 2019. He also served as an independent non-executive director of Sinco Pharmaceuticals Holdings Limited, a company listed on the Stock Exchange (Stock Code: 6833), from September 2015 to November 2018.

Mr. Chow obtained his qualification as a fellow of the Association of Chartered Certified Accountants (英国特许公认会计师公会) in July 1991, the Hong Kong Institute of Certified Public Accountants (香港会计师公会) (the “HKICPA”, formerly known as the Hong Kong Society of Accountants) in December 1993, the Hong Kong Institute of Chartered Secretaries (香港特许秘书公会) (the “HKICS”) in 2009, and the Institute of Chartered Secretaries and Administrators (英国特许秘书及行政人员公会) in 2009. Mr. Chow was appointed as the chairman of the mainland development strategies advisory panel and a member of the registration and practicing committee of the HKICPA for the year 2016 in February 2016. Mr. Chow was appointed as a council member and chairman of audit committee of the HKICS in December 2015. He obtained a professional diploma in accountancy from Hong Kong Polytechnic University (formerly known as Hong Kong Polytechnic) in November 1983.

Mr. WANG Xinhua (王新華), aged 65, has been appointed as our independent non-executive Director since December 2018.

Mr. Wang has more than 16 years of experience in financial management of PRC state-owned enterprises and Hong Kong listed companies. He has rich experience in listing compliance matters and providing financial advices to listed companies.

Prior to joining our Company, Mr. Wang served as director of the financial planning department of China Petrochemical Corporation* (中國石化集團公司), from November 2004 to April 2009. He worked as the chief financial officer at the China Petroleum & Chemical Corporation, a company listed on the Stock Exchange (Stock Code: 0386), the Shanghai Stock Exchange (Stock Code: 600028), the New York Stock Exchange (Stock Code: SNP), and the London Stock Exchange (Stock Code: SNP), from May 2009 to December 2015. He also served as an independent director of Guizhou Jiulian Industrial Explosive Materials Development Company Limited, a company listed on the Shenzhen Stock Exchange (Stock Code: 002037), from March 2016 to December 2019, an independent director of Guizhou Yibai Pharmaceutical Company Limited* (貴州益佰製藥股份有限公司), a company listed on the Shanghai Stock Exchange (Stock Code: 600594), from September 2016 to September 2019, an independent director of Xinjiang Zhongtai Chemical Company Limited* (新疆中泰化學股份有限公司), a company listed on the Shenzhen Stock Exchange (Stock Code: 002092), since January 2017, an independent director of China Petroleum Engineering Company Limited* (中國石油集團工程股份有限公司), a company listed on the Shanghai Stock Exchange (Stock Code: 600339), since September 2017, and an independent director of Simcere Pharmaceutical Group* (先聲藥業集團有限公司), a company listed on the Stock Exchange (Stock Code: 02096), since November 2019.

Mr. Wang obtained a bachelor’s degree from Northeastern University in the PRC in July 1996 and was a professor-level senior accountant granted by Sinopec Group in January 2004.

Mr. CHAU Kwok Keung (邹国强), aged 44, has been appointed as our independent non-executive Director since December 2018.

Mr. Chau has more than 17 years of experience in accounting and financial management. Mr. Chau joined BetterLife Holding Limited as its chief financial officer in September 2020 and was appointed as an executive Director in December 2020. He is responsible for overall financial planning and management, company secretarial affairs, coordination of investors relations and administrative work.

Mr. Chau has served as an executive director and the chief financial officer of Comtec Solar Systems Group Limited (a company listed on the Stock Exchange with stock code: 712.HK) from November 2007 to January 2020. Mr. Chau was responsible for its corporate financial and general management. He was also appointed as (i) an independent non-executive director and the chairman of the audit committee of Qingdao Port International Co., Ltd., a company dual-listed on the Stock Exchange (stock code: 6198.HK) and the Shanghai Stock Exchange (stock code: 601298.SH) from May 2014 to May 2019; (ii) an independent director of The9 Limited, whose shares are listed by way of American Depository Shares on NASDAQ (NASDAQ: NCTY), since October 2015; (iii) an independent non-executive director and the chairman of the audit committee of China Xinhua Education Group Ltd., a company listed on the Stock Exchange (stock code: 2779.HK), since October 2017; (iv) an independent non-executive director and the chairman of the audit committee of Forward Fashion (International) Holdings Company Limited, a company listed on the Stock Exchange (stock code: 2528.HK), since December 2019; and (v) an independent non-executive director of Bank of Zhangjiakou Co., Ltd (张家口银行股份有限公司) since April 2020. He also acted as a member of supervisory board of RIB Software AG (symbol: RIB), a software company in Germany, which was listed on the Frankfurt Stock Exchange, from May 2010 to June 2013.

Mr. Chau has also served in various positions at China.com Inc. (currently known as Sino Splendid Holdings Limited), a company listed on the Stock Exchange (stock code: 8006.HK) from October 2005 to October 2007, including qualified accountant, chief financial officer, company secretary and authorised representative. Prior to joining China.com Inc., he was the deputy group financial controller of China South City Holdings Limited, a company listed on the Stock Exchange (stock code: 1668.HK) from August 2003 to April 2005 and the financial controller of Shanghai Hawei New Materials and Technology Company Limited from June 2002 to August 2003. Mr. Chau was employed by Arthur Andersen & Co. initially as an experienced staff accountant and then he was subsequently promoted to be a senior consultant in the Global Corporate Finance Division of Arthur Andersen & Co. in March 2002.

Mr. Chau has been a member of the Association of Chartered Certified Accountants (ACCA) since June 2002, a Chartered Financial Analyst of CFA Institute since September 2003 and a member of Hong Kong Institute of Certified Public Accountants (HKICPA) since July 2005. Mr. Chau also obtained a certificate of Qualified Independent Director from the Shanghai Stock Exchange since August 2017 and was approved by China Banking Regulatory Commission as qualified director of banking institutions in China since March 2020. Mr. Chau has been a fellow member of the Institute of Public Accountants (IPA) of Australia and Institute of Financial Accountants (IFA) since June 2020. Mr. Chau received a bachelor’s degree in Business Administration from the Chinese University of Hong Kong in December 1998.

Mr. QIAN Yi (钱毅), aged 67, has been appointed as our independent non-executive Director since 17 May 2019.

Mr. Qian has 37 years of experience in enterprise management and 11 years of experience in the tobacco industry.

Prior to joining our Company, Mr. Qian successively served as the general manager and then concurrently a director of Nanyang Brothers Tobacco Co., Ltd. (“Nanyang Tobacco”), a Hong Kong-based cigarettes manufacturer who sells different kinds of cigarettes products in various regions including Hong Kong and Macau and a wholly owned subsidiary of Shanghai Industrial Holdings Limited (Stock Code: 363), from September 2008 until his retirement in May 2017. He successively served as a deputy chief executive officer, and an executive director and deputy chief executive officer of Shanghai Industrial Holdings Limited in Hong Kong from November 2009 to February 2014. In addition, Mr. Qian served as a director of The Wing Fat Printing Company, Limited in Hong Kong from May 2009 to June 2013 and as a director of Shanghai Industrial Investment (Holdings) Co., Ltd. in Hong Kong from July 2012 to February 2014, respectively. Mr. Qian also served as a visiting professor at the University of Shanghai for Science and Technology and Shanghai Publishing and Printing College, respectively, from November 2012.

Mr. Qian graduated from a postsecondary program in management engineering of Shanghai Jiaotong University in January 1983, an undergraduate program in enterprise management of Fudan University in July 1995 and a graduate program in economics of East China Normal University in July 2000. Mr. Qian obtained his qualification as a senior economist granted by Shanghai Municipal Qualification Reform Work Leading Team (上海市职称改革工作领导小组) in December 1992.

Mr. Cheung Kai Cheong Willie (張啟昌), has been appointed as one of our joint company secretaries since December 2018.

Mr. Cheung has more than 19 years of professional experiences in company secretarial, accounting and finance matters. Mr. Cheung worked as a manager of SW Corporate Services Group Limited mainly responsible for assisting listed companies in professional company secretarial work since April 2017. Prior to joining SW Corporate Services Group Limited, Mr. Cheung served as the vice finance manager of Luk Hing Entertainment Group Holdings Limited, a company listed on the Stock Exchange (Stock Code: 8052) from December 2014 to February 2016. He served as the company secretary and finance manager of CMMB Vision Holdings Limited, a company listed on the Stock Exchange (Stock Code: 0471) from July 2008 to June 2014. Mr. Cheung served as an audit assistant of Elina Hung & Co. from September 1996 to November 1997, an audit manager of Li, Tang, Chen & Co. from January 1998 to June 2006 and an audit senior of BDO McCabe Lo Limited from June 2006 and June 2008.

Mr. Cheung became a fellow member of the Hong Kong Institute of Certified Public Accountants in January 2009 and a fellow member of the Association of Chartered Certified Accountants in the United Kingdom in October 2008. Mr. Cheung obtained a Bachelor Degree of Arts (Honors) in Accounting and Finance at the University of Glamorgan in the U.K. in June 1996.

Senior Management

Ms. YANG Xuemei

Senior Management

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Ms. YANG Xuemei(楊雪梅), aged 51, has been the General Manager of the Company since March 2020. Ms. Yang joined us in October 2018 as the Vice General Manager of the Company and has been an executive director of the Company since December 2018. Ms. Yang has been the General Manager of the Company since 17 March 2020.

From July 1992 to June 1995, Ms. Yang worked at Kunming Machine Tool Company Limited* (昆明機床股份有限公司). She then worked at Yuxi Cigarette Factory* (玉溪捲煙廠) from June 1995 to February 1999 and at Yunnan Hongta Import and Export Company Limited* (雲南紅塔進出口有限公司) from February 1999 to January 2003. From January 2003 to January 2007, Ms. Yang successively served as a section chief of overseas investment management division, an assistant of manager and deputy manager at Hongta International Company Limited* (紅塔國際公司). From January 2007 to September 2018, Ms. Yang successively served as the vice general manager, general manager and chairman of Yunnan Tobacco International Company Limited* (雲南煙草國際有限公司).

Ms. Yang became a senior economist awarded by China National Tobacco Corporation* (中國煙草總公司) in August 2014. Ms. Yang obtained a bachelor degree of engineering from North University of China (formerly known as Taiyuan Institute of Mechanical) in July 1992, and a master degree of economics from Yunnan University in April 2007. Ms. Yang also obtained an MBA degree from University of Chicago Booth School of Business in March 2010.

Ms. LI Yan

Senior Management

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Ms. LI Yan(李妍), aged 51, joined us in March 2020 as an executive director and a Vice General Manager of the Company.

From July 1992 to March 2020, Ms. Li worked at China Tobacco International Inc. and successively worked at the market development department, overseas business department, tobacco leaf operation department, planning & investment department and compliance office. Ms. Li has 12 years of experience in investment management of overseas tobacco industry.

Ms. Li has 11 years of experience in investment management of overseas tobacco industry. Ms. Li obtained a bachelor degree in economics from Nankai University (formerly known as Tianjin Foreign Trade Institute) in July 1992 and an MBA degree from Northern Jiaotong University in April 2006.

Mr. LIANG Deqing

Senior Management

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Mr. LIANG Deqing(梁德清), aged 59, joined us in March 2020 as an executive director and a Vice General Manager of the Company.

From August 1982 to April 1989, Mr. Liang worked at Qinghai First Machine Tool Factory* (青海第一機床廠). He successively served as the deputy manager and manager of the research institute as well as the director of the machinery sub-factory of Henan Xuchang Flue-cured Tobacco Plant* (河南許昌烤煙廠) from April 1989 to December 1993, and the deputy general manager and general manager of Tianchang International Tobacco Co., Ltd.* (天昌國際煙草有限公司) from December 1993 to December 2001. Mr. Liang served as the general manager of China Tobacco Henan Import and Export Company Limited* (中國煙草河南進出口有限責任公司) from December 2001 to January 2010; the general manager of China Tabaco Internacional Do Brasil Ltda.* (中煙國際巴西有限公司) from January 2010 to April 2014; an officer of China Tobacco Henan Import and Export Company Limited* (中國煙草河南進出口有限責任公司) from April 2014 to October 2015; the general manager of China Tobacco International (North America), Inc. * (中煙國際(北美)股份有限公司) from October 2015 to August 2018; and the manager of the marketing department of China Tobacco International Group Limited (中煙國際集團有限公司) (formerly known as Tian Li International Company Limited (天利國際經貿有限公司)) from September 2018 to March 2020.

Mr. Liang became a senior engineer awarded by State Tobacco Monopoly Administration in November 2006 and obtained a bachelor degree of engineering from Lanzhou University of Technology (formerly known as Gansu University of Technology) in August 1982. He successively served as a member of the third and fourth sessions of the project construction sub-committee of China Tobacco Standardization Technology Committee* (全國煙草標準化技術委員會) from December 2000 to October 2008; and a member of the third session of China Tobacco Standardization Technology Committee* (全國煙草標準化技術委員會) from January 2006 to January 2011.

Mr. WANG Chengrui

Senior Management

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Mr. WANG Chengrui (王成瑞), aged 40, was the deputy manager of the securities department of our Company from April 2018 to November 2019. Mr. Wang has been our executive Director since December 2018, our joint company secretary since June 2019 and the manager of the securities department of our Company since December 2019. He has previously used another Chinese name as Wang Chengrui(王成锐).

Prior to joining our Company, Mr. Wang served as a marketing assistant of marketing center of Yunnan Hongta Group* (云南红塔集团) from July 2005 to July 2009 and a management staff of employees’ career development at the human resource department of Yunnan Hongta Group from July 2009 to March 2013. From March 2013 to September 2016, Mr. Wang worked for the tobacco economy information centre of STMA as a principal staff member. He then served as a principal staff member of the planning & investment department of China Tobacco International Inc. from September 2016 to June 2017 and as a deputy manager of the strategic development department of Tian Li International Company Limited from July 2017 to June 2018.

Mr. Wang obtained two bachelor’s degrees in economics and software engineering from Yunnan University in July 2005. He also obtained an MBA degree from Yunnan University in December 2012.

Ms. YANG Xuemei(楊雪梅), aged 51, has been the General Manager of the Company since March 2020. Ms. Yang joined us in October 2018 as the Vice General Manager of the Company and has been an executive director of the Company since December 2018. Ms. Yang has been the General Manager of the Company since 17 March 2020.

From July 1992 to June 1995, Ms. Yang worked at Kunming Machine Tool Company Limited* (昆明機床股份有限公司). She then worked at Yuxi Cigarette Factory* (玉溪捲煙廠) from June 1995 to February 1999 and at Yunnan Hongta Import and Export Company Limited* (雲南紅塔進出口有限公司) from February 1999 to January 2003. From January 2003 to January 2007, Ms. Yang successively served as a section chief of overseas investment management division, an assistant of manager and deputy manager at Hongta International Company Limited* (紅塔國際公司). From January 2007 to September 2018, Ms. Yang successively served as the vice general manager, general manager and chairman of Yunnan Tobacco International Company Limited* (雲南煙草國際有限公司).

Ms. Yang became a senior economist awarded by China National Tobacco Corporation* (中國煙草總公司) in August 2014. Ms. Yang obtained a bachelor degree of engineering from North University of China (formerly known as Taiyuan Institute of Mechanical) in July 1992, and a master degree of economics from Yunnan University in April 2007. Ms. Yang also obtained an MBA degree from University of Chicago Booth School of Business in March 2010.

Ms. LI Yan(李妍), aged 51, joined us in March 2020 as an executive director and a Vice General Manager of the Company.

From July 1992 to March 2020, Ms. Li worked at China Tobacco International Inc. and successively worked at the market development department, overseas business department, tobacco leaf operation department, planning & investment department and compliance office. Ms. Li has 12 years of experience in investment management of overseas tobacco industry.

Ms. Li has 11 years of experience in investment management of overseas tobacco industry. Ms. Li obtained a bachelor degree in economics from Nankai University (formerly known as Tianjin Foreign Trade Institute) in July 1992 and an MBA degree from Northern Jiaotong University in April 2006.

Mr. LIANG Deqing(梁德清), aged 59, joined us in March 2020 as an executive director and a Vice General Manager of the Company.

From August 1982 to April 1989, Mr. Liang worked at Qinghai First Machine Tool Factory* (青海第一機床廠). He successively served as the deputy manager and manager of the research institute as well as the director of the machinery sub-factory of Henan Xuchang Flue-cured Tobacco Plant* (河南許昌烤煙廠) from April 1989 to December 1993, and the deputy general manager and general manager of Tianchang International Tobacco Co., Ltd.* (天昌國際煙草有限公司) from December 1993 to December 2001. Mr. Liang served as the general manager of China Tobacco Henan Import and Export Company Limited* (中國煙草河南進出口有限責任公司) from December 2001 to January 2010; the general manager of China Tabaco Internacional Do Brasil Ltda.* (中煙國際巴西有限公司) from January 2010 to April 2014; an officer of China Tobacco Henan Import and Export Company Limited* (中國煙草河南進出口有限責任公司) from April 2014 to October 2015; the general manager of China Tobacco International (North America), Inc. * (中煙國際(北美)股份有限公司) from October 2015 to August 2018; and the manager of the marketing department of China Tobacco International Group Limited (中煙國際集團有限公司) (formerly known as Tian Li International Company Limited (天利國際經貿有限公司)) from September 2018 to March 2020.

Mr. Liang became a senior engineer awarded by State Tobacco Monopoly Administration in November 2006 and obtained a bachelor degree of engineering from Lanzhou University of Technology (formerly known as Gansu University of Technology) in August 1982. He successively served as a member of the third and fourth sessions of the project construction sub-committee of China Tobacco Standardization Technology Committee* (全國煙草標準化技術委員會) from December 2000 to October 2008; and a member of the third session of China Tobacco Standardization Technology Committee* (全國煙草標準化技術委員會) from January 2006 to January 2011.

Mr. WANG Chengrui (王成瑞), aged 40, was the deputy manager of the securities department of our Company from April 2018 to November 2019. Mr. Wang has been our executive Director since December 2018, our joint company secretary since June 2019 and the manager of the securities department of our Company since December 2019. He has previously used another Chinese name as Wang Chengrui(王成锐).

Prior to joining our Company, Mr. Wang served as a marketing assistant of marketing center of Yunnan Hongta Group* (云南红塔集团) from July 2005 to July 2009 and a management staff of employees’ career development at the human resource department of Yunnan Hongta Group from July 2009 to March 2013. From March 2013 to September 2016, Mr. Wang worked for the tobacco economy information centre of STMA as a principal staff member. He then served as a principal staff member of the planning & investment department of China Tobacco International Inc. from September 2016 to June 2017 and as a deputy manager of the strategic development department of Tian Li International Company Limited from July 2017 to June 2018.

Mr. Wang obtained two bachelor’s degrees in economics and software engineering from Yunnan University in July 2005. He also obtained an MBA degree from Yunnan University in December 2012.

Board Committees

Audit Committee

We have established an audit committee with written terms of reference. The Audit Committee consists of three members, namely Mr. Chow Siu Lui, Mr. Wang Xinhua and Mr.Chau Kwok Keung, with Mr. Chow Siu Lui being the chairman of the committee possessing the appropriate accounting or related financial management expertise. The primary duties ofthe Audit Committee include:

  • making recommendations to the Board on the appointment, reappointment and removal of external auditors, approving the remuneration and terms of engagement of external auditors, and dealing with any issues in relation to resignation or dismissal of external auditors;
  • reviewing and monitoring external auditors’ independence and objectivity and the effectiveness of the audit process in accordance with applicable standards, discussing with auditors on the nature and scope of the audit work and reporting obligations before the audit commences, and ensuring coordination between auditing firms, if more than one auditing firm is involved;
  • developing and implementing policies with respect to the non-audit work provided by external auditors;
  • examining the completeness of our financial statements and our quarterly, interim and annual reports, and reviewing critical financial reporting judgments contained therein;
  • overseeing our financial reporting, risk management and internal control systems; and
  • other matters required by laws, administrative regulations, departmental rules and authorized by the Board.

Term of Reference of Audit Committee
Remuneration Committee

We have established a remuneration committee with written terms of reference. The Remuneration Committee consists of three members, namely Mr. Chow Siu Lui, Mr. Shao Yan and Mr. Wang Xinhua, with Mr. Chow Siu Lui being the chairman of the committee. The primary duties of the Remuneration Committee include:

  • making recommendations to the Board on the compensation remuneration packages of individual executive Directors and senior management and on the compensation of non-executive Director;
  • making recommendations to the Board on the management’s remuneration proposals;
  • ensuring that no Director or any of his/her associates is involved in deciding his/her own remuneration;
  • developing policies and structure for remuneration of all Directors, senior management and employees including salaries, incentive schemes and other share option schemes, and making recommendations to the Board;
  • making recommendations to the Board on disclosure with respect to Directors’ remuneration included in the annual report
  • making recommendations to the Board on whether the Shareholders shall be requested to approve the report on Directors’ remuneration at the annual general meeting of our Company;
  • reporting to the Board on its decisions or recommendations, unless there are legal or regulatory restrictions; and
  • other matters required by laws, administrative regulations, departmental rules and authorized by the Board.

Term of Reference of Remuneration Committee
Nomination Committee

We have established a nomination committee with written terms of reference. The Nomination Committee consists of three members, namely Mr. Shao Yan, Mr. Chow Siu Lui and Mr. Wang Xinhua, with Mr. Shao Yan being the chairman of the committee. The primary functions of the Nomination Committee include:

  • reviewing the structure, size and composition of the Board at least annually and making recommendations on any proposed changes to the Board of Directors to complement the Company’s corporate strategy
  • identifying individuals suitably qualified to become Board members and making recommendations to the Board;
  • assessing the independence of independent non-executive Directors;
  • making recommendations to the Board on the appointment and succession planning of Directors;
  • reporting to the Board on its decisions or recommendations, unless there are legal or regulatory restrictions; and
  • other matters required by laws, administrative regulations, departmental rules and authorized by the Board.

Term of Reference of Nomination Committee
Connected Transactions Control Committee

We have established a Connected Transactions Control Committee with written terms of reference. The Connected Transactions Control Committee consists of four members, namely Mr. Wang Xinhua, Mr. Chau Kwok Keung, Ms. Yang Xuemei and Mr. Qian Yi, with Mr. Wang Xinhua being the chairman of the committee. The primary functions of the Connected Transactions Control Committee include:

  • managing matters related to connected transactions, reviewing the management system for connected transactions, conducting duties as required by the Rules for the Management of Connected Transactions, supervising its implementation and making recommendations to the Board;
  • reviewing material connected transactions required to be approved by the Board or Shareholders and submitting recommendations to the Board;
  • reviewing and approving our connected transactions and other related matters to the extent authorized by the Board;
  • providing information for the independent non-executive Directors and auditors to perform their periodic review of the connected transactions;
  • reviewing those factors considered for determining the prices in the Non-STMA Pricing Transactions and ensuring that the Non-STMA Pricing Transactions are conducted on normal commercial terms; and
  • other matters required by laws, administrative regulations, departmental rules and authorized by the Board.
Strategic Development Committee

We have established a Strategic Development Committee with written terms of reference. The Strategic Development Committee consists of four members, namely Mr. Shao Yan, Ms. Yang Xuemei, Ms. Li Yan and Mr. Chow Siu Lui, with Mr. Shao Yan being the chairman of the committee. The primary functions of the Strategic Development Committee include:

  • reviewing and making recommendations to the Board on, our business objectives, general strategic development plan and specific strategic development plans of our Company;
  • evaluating factors which may affect our strategic development plans and their implementation, in light of domestic and foreign economic and financial conditions and market development trends, and making recommendations to the Board on adjustment to our strategic development plans in a timely manner;
  • evaluating the general development conditions relating to our each businesses segment, and making recommendations to the Board on adjustment to our strategic development plans in a timely manner;
  • reviewing our major investment and financing proposals, and making recommendations to the Board;
  • supervising and inspecting the implementation of our business plans and investment plans of our Company;
  • reviewing proposals for our annual financial budget and final accounts and making recommendations to the Board;
  • reviewing our plans for establishment of a legal entity or merger and acquisition proposals, and making recommendations to the Board;
  • reviewing our matters on acquisition of assets, disposal of assets and provision of guarantees, and making recommendations to the Board; and
  • other matters required by laws, administrative regulations, departmental rules and authorized by the Board.

Board Committees

Directors Audit Committee Remuneration Committee Nomination Committee Connected Transactions Control Committee Strategic Development Committee
SHAO Yan M C C
YANG Xuemei M M
LI Yan M
LIANG Deqing
WANG Chengrui
CHOW Siu Lui C C M M
CHAU Kwok Keung M M
WANG Xinhua M M M C
QIAN Yi M


C Chairman M Member

Contact Us

Contact Person : Charles Li

Email : ir@ctihk.com.hk

Address : Room 1002, 10/F, Tower A, China Life Center, One Harbour Gate, 18 Hung Luen Road, Hung Hom, Kowloon, Hong Kong