Our Company established a remuneration committee on 20 June 2018 with written terms of reference in compliance with Rule 5.34 of the GEM Listing Rules, and paragraph B.1 of the Corporate Governance Code. The members of the remuneration committee comprise Mr. Zhao Zhipeng, Mr. Yu Sau Ning Homer M.H. and Ms. Heide Cheuk. The chairperson of the remuneration committee is Mr. Zhao Zhipeng. The primary duties of the remuneration committee are mainly to make recommendations to our Board on the overall remuneration policy and structure relating to our Directors and senior management of our Group, review and evaluate performance in order to make recommendations on the remuneration package of each of our Directors and senior management personnel as well as other employee benefit arrangements.
Our Company established a nomination committee on 20 June 2018 with written terms of reference in compliance with paragraph A.5 of the Corporate Governance Code. The members of the nomination committee comprise Mr. Cheuk, Mr. Yu Sau Ning Homer M.H. and Ms. Yee Wai Fong Wendy. The chairperson of the nomination committee is Mr. Cheuk. The nomination committee is mainly responsible for making recommendations to our Board on the appointment of Directors and the management of our Board succession.
Executive Directors
Mr. CHEUK Sin Cheong Clement (卓善章), is the chairman of our Board, our founder, our executive Director, one of our Controlling Shareholders and our chief executive officer. He is also the chairperson of our nomination committee. He is also a director of each of the operating subsidiaries of our Group. Mr. Cheuk is primarily responsible for formulating our Group's overall strategic planning, overseeing sales and marketing, product development, and overall management of our Group's business.
Mr. Cheuk has more than 30 years of experience in the watch industry, particularly in product design development, sales and marketing. He was the vice chairman of the 17th session of and chairman of the 18th session of The Federation of Hong Kong Watch Trades & Industries Limited and an advisor of The Federation of Hong Kong Watch Trades & Industries Limited since 2000. He was also a member of Watches and Clocks Advisory Committee of the Hong Kong Trade Development Council from 1996 to 2007.
Mr. Cheuk obtained a master degree of business administration (executive) from the City University of Hong Kong in November 2001. He was admitted as an honorary fellow of The Professional Validation Centre of Hong Kong Business Sector in June 2015. He was also awarded the Young Industrialist Awards for the year 1998/1999 by the Hong Kong Young Industrialists Council and an awardee member of the Hong Kong Young Industrialists Council in November 1998. Mr. Cheuk was also a director of the 32nd board of directors of Yan Oi Tong.
Ms. AU Corona Ching Mei (歐靜美), is our executive Director, one of our Controlling Shareholders and the legal representative of Shenzhen 3 Wells. She is also a director of each of the operating subsidiaries of our Group. She is primarily responsible for overseeing our Group's administrative, human resources and financial management, and assisting in the management of our Group's business.
Mrs. Cheuk has more than 28 years of experience in the watch industry. Prior to joining our Group, she worked in the finance department in China Resources Textiles Company Limited from July 1978 to January 1985 and worked as a deputy financial manager in China Resources Silk Co., Ltd from January 1985 to November 1987.
Mrs. Cheuk was awarded the China's Hundred Outstanding Women Entrepreneurs* (中國百名傑出女企業家) by the China Association of Woman Entrepreneurs* (中國女企業家協會) in October 2006 and was awarded the Medal of Honour (MH) by the Government of the HKSAR in July 2010. She was a director, the vice chairlady and the chairlady of Yan Oi Tong from 2004 to 2006, 2006 to 2009 and 2009 to 2010 respectively. She was a committee member of the tenth Hubei Municipal Committee of the Chinese People’s Political Consultative Conference* (中國人民政治協商會議湖北省第十屆委員會委員). She is currently a permanent honorary committee member of The Chinese General Chamber of Commerce, Hong Kong and a director of Po Leung Kuk.
Ms. CHEUK Heide Oil-gei (卓凱璣), is our executive Director and in-house legal counsel. She is currently responsible for overseeing the sales and marketing and business development, management of our Group’s business, and advising on legal matters.
Ms. Heide Cheuk has five years of experience in the watch industry. Prior to joining our Group, she worked as a legal intern and paralegal at Vidler & Co. Solicitors from August 2010 to May 2011 and as a solar campaign associate at Environment California from August 2012 to October 2012.
Ms. Heide Cheuk obtained a degree of bachelor of Laws from the University of Durham in July 2010 and a degree of master of laws from the Duke University in May 2012. She was admitted to practice as an attorney and counselor at law in all courts of the State of New York in June 2017.
Independent Non-Executive Directors
Mr. YU Sau Ning Homer M.H. (余壽寧), is our independent non-executive Director, the chairperson of our audit committee, and a member of our remuneration committee and nomination committee. Mr. Yu is responsible for supervising and providing independent judgment to our Board, remuneration committee, audit committee and nomination committee.
Mr. Yu has 40 years of experience in the wholesale and retail markets of wine and spirit, skincare and household products. He has been the chief executive officer of Cheong Hing Store Ltd., Cheong Hing (1917) Limited, Youthful Technology International Ltd. and Youthful Wonder Limited since 1981, 1981, 1989 and 2014 respectively. In June 2016, he founded and became the director of One Belt One Road Eurasia Centre (HK) Limited.
Mr. Yu was awarded the Chevalier de l'ordre national du Merite by the Government of France in June 1996 and was awarded the medal of honour by the Government of the HKSAR in 1999. He was appointed as a member of the eleventh and twelfth National People's Congress HKSAR Representative Elective Committee and was appointed as a committee member of the first Chinese People's Political Consultative Conference of Huangpu, Guangzhou in August 2015. He was also appointed as a member by the Consumer Council for the period between 2003 and 2008. In December 2008, he received the honorary decoration award from the Chamber of Beauty Culture & Cosmetics of All-China Federation of Industry & Commerce. He is currently a member of the Customer Consultative Group of CLP Power Hong Kong Limited, and an elected member of the retailer category of Quality Tourism Services Association Governing Council (QTSA) and the chairman of the Better Business Environment Committee of QTSA. He has been the chairman of the seventh Professional's Committee of Kowloon Federation of Association since June 2015. He has been an honorary life president of the Cosmetic & Perfumery Association of Hong Kong Ltd. since 1996.
Mr. Yu obtained a degree of master of science from the National University of Ireland in April 2003. He was admitted as honorary senior fellow by the Professional Validation Centre of Hong Kong Business Sector (PVCBS) in November 2005, and was the president of the 6th session of the executive committee of PVCBS.
Mr. ZHAO Zhipeng (趙志鵬), is our independent non-executive Director, the chairperson of our remuneration committee, and a member of our audit committee. Mr. Zhao is responsible for supervising and providing independent judgment to our Board, audit committee and remuneration committee.
Mr. Zhao has more than six years of experience in the legal industry. Prior to joining our Group, he worked as a trainee solicitor at Patrick Mak & Tse from July 2011 to December 2013 and as an assistant solicitor in the same firm from December 2013 to March 2016. He became a partner of the said firm since March 2016. He has been an independent non-executive director of Kin Pang Holdings Limited (stock code: 1722), a company listed on the Main Board of the Stock Exchange, since November 2017.
Mr. Zhao obtained a degree of bachelor of laws from The East China University of Political Science and Law in July 2006, a degree of master of laws from The Chinese University of Hong Kong in December 2007, a juris doctor degree from the City University of Hong Kong in October 2009 and a postgraduate certificate in laws from the City University of Hong Kong in July 2011. He was admitted to practice law as a solicitor in Hong Kong in December 2013.
Ms. Yee has more than 25 years of experience in finance and accounting areas in the Asia Pacific. Prior to joining our Group, she was a senior auditor of Deloitte Touche Tohmatsu from July 1988 to April 1993. From July 1993 to November 2006 she has served a number of positions in the Motorola Asia Pacific Limited, a multinational telecommunications company listed in the United States, with her last position as a controller for Hong Kong, the Philippines and the business development team of its networks and enterprise business. From December 2006 to April 2010 she has served a number of positions in Ecolab Limited, a subsidiary of Ecolab Inc., a company listed in the United States, with her last position as Asia control director. From May 2010 to July 2012 she served as a vice president of finance in Active-Semi International, Inc. From July 2012 to June 2013, she worked as a senior director of finance and accounting, Asia, at Mikli Asia Limited. She then served as a director of finance from April 2014 to June 2017 at Targus Asia Pacific Limited.
Ms. Yee obtained a degree of bachelor of social sciences from the University of Hong Kong in November 1988 and a degree of bachelor of science from the University of London in August 2002. She further obtained a degree of master of business administration from the University of Dubuque in December 2002. She has been admitted as a member of the Institute of Chartered Accountants in England and Wales in February 2006, and as an associate of the Hong Kong Institute of Certified Public Accountants since April 1992.
