EXECUTIVE DIRECTOR
Mr LI Lixin, aged 55, is the executive Director and chairman of the Company. Mr Li holds an Executive Master of Business Administration degree from Fudan University, and is the founder and current chairman of a private group of companies established in the PRC. The principal businesses of his private group include import and export business, chain supermarkets, commercial real estate development and operation management, real property development and investment holding, Mr Li’s private group also has investments in real property development, printing business and local bank in the PRC. Mr Li has 32 years of experience in the manufacture and sale of plastic and hardware products and products for daily consumption.
Mr Li was a committee member of the Eleventh National Committee of the Chinese People’s Political Consultative Conference, an executive committee member of National Industrial and Commercial Union.
Mr Li was awarded the title of model worker in Ningbo City for the years 2001 to 2003. He was awarded the titles of “Outstanding Builder of Socialist Undertakings of Chinese Characteristics” in 2003 and 2006 by the People’s Governments of Ningbo City and Zhejiang Province respectively and was renowned for his contribution to the “Honourable Undertakings” and “Shining Star“promotional programme by the People’s Government of Zhejiang Province.
Mr Li joined the Group in 2008, he was
appointed as non-executive Director and chairman
of the Group in September 2008 and redesignated
as executive Director in April 2011; Mr Li resigned
as chairman in November 2019 and was reappointed as chairman in October 2022.
Mr CHENG Jianhe, aged 57, is the executive Director of the Company. Mr Cheng has over 34 years of experience in the financial management, tax planning, cost control, investment and financing management fields in various industries, including manufacturing, business and paper mills. Mr Cheng graduated from the Jiangxi University of Finance and Economics and majored in financial accounting, and completed the Advanced Programme in Business Administration for Managers offered by Tsinghua University. He holds an Executive Master of Business Administration degree from Renmin University of China. Mr Cheng is also a Certified Public Accountant in the PRC and a member of the Chinese Institute of Certified Public Accountants.
Mr Cheng joined the Group in 2008; he was
appointed as executive Director and Chief Executive
Officer of the Group in September 2008 and
resigned as Chief Executive Officer in August 2019.
Ms JIN Yaxue, aged 53, is the executive
Director of the Company, member of remuneration
committee of the Company and General Manager
of household products business of the Group.
Ms Jin is responsible for sales and operations
management of Ningbo plant since 1998. She
holds an Executive Master degree of Business
Administration from Fudan University. She has over
27 years experience in development and sales of
household products and sundries. She joined the
Group when the Ningbo plant was acquired by the
Group in 2010 and was appointed as an executive
Director in July 2014.
INDEPENDENT NON-EXECUTIVE DIRECTORS
Mr SHIN Yick Fabian, aged 54, is the independent non-executive Director, chairman of the audit committee, member of the remuneration committee and nomination committee of the Company. Mr Shin is currently an independent director of Olympic Circuit Technology Co., Ltd (SH. 603920), an independent non-executive director of Newton Resources Limited (1231.HK) and an independent non-executive director of Zhengye International Holdings Company Limited (3363.HK).
Mr Shin was an independent non-executive director of BIO-Key International, Inc (NASDAQ: BKYI) (resigned in September 2020), an independent non-executive director of China Tianrui Automotive Interiors Co., Ltd (6162.HK) (resigned in September 2020) and was the non-executive director of Pak Tak International Limited (2668.HK) (resigned in February 2023).
Mr Shin graduated from the University of Birmingham in England with a bachelor’s degree in commerce. After graduation, he worked in the audit department of Deloitte Touche Tohmatsu. He had also worked in a listed company in Hong Kong as group financial controller and company secretary. He is a fellow member of Association of Chartered Certified Accountants, Institute of Chartered Secretaries and Administrators and the Hong Kong Institute of Company Secretaries. He joined the Group in 2013.
The Securities and Futures Commission of Hong
Kong (the “SFC”) on 16 September 2020 imposed a
public sanction against Mr Shin to prohibit Mr Shin,
a former responsible officer and chief executive
officer of a licensed corporation (the “Licensed
Corporation”), from re-entering the industry for 20
months from 15 September 2020 to 14 May 2022
for breaching the Code of Conduct for Persons
Licensed by or registered with the Securities and
Futures Commission and the Additional Fit and
Proper Guidelines for Corporations and Authorized
Financial Institutions applying or continuing to act as Sponsors and Compliance Advisers. The Hong
Kong Institute of Certified Public Accountants
(“HKICPA”) published a press release on 25
August 2021 in conclusion that Mr Shin failed or
neglected to observe, maintain or otherwise apply
the fundamental principle of professional behaviour
under sections 100.5(e) and 150 of the applicable
Code of Ethics for Professional Accountants for
his failure to discharge his duties as the sponsor
principal, a responsible officer and the chief
executive officer of the Licensed Corporation and
in breach of the relevant rules and regulations of
the SFC. The HKICPA also concluded that Mr Shin
be reprimanded and pay the costs of the HKICPA of
HK$15,000.
Mr HE Chengying, aged 60, is the independent
non-executive Director, chairman of the nomination
committee and member of the audit committee
of the Company. Mr He is a professor and tutor
of doctoral students at the Zhejiang University of
Finance and Economics. Mr He graduated from the
Department of Accountancy of the South Western
University of Finance and Economics, he holds
a Master’s degree in Economics from Zhejiang
University and a Doctoral Degree of Economics
from Xiamen University and is a visiting scholar
at the Wharton School of Business, the University
of Pennsylvania and the School of Mathematics,
Oxford University. He previously worked for
Shenzhen Investment Holding Corporation, China
Eagle Securities, and United Securities. He is an
associate professor, senior economist and the
chief research fellow of the Institute of Industrial
Innovation and Finance, Tsinghua University. Mr
He had previously engaged in state enterprise,
state-owned asset management, as well as
directly participated in drafting and formulating
policies for state enterprise and state- owned
asset management reforms. Subsequently, Mr He
has engaged in stock market innovation, asset
reorganisation, as well as capital market operation
and research. He has accumulated extensive
experience in corporate reform, asset reorganisation
and capital management planning. He joined the
Group in September 2006
Mr KWONG Kwan Tong, aged 57, is the
independent non-executive Director, chairman of
the remuneration committee and member of the
audit committee and nomination committee of the
Company. Mr Kwong is currently the director and
General Manager of SWL Company Service Limited.
Mr Kwong obtained a diploma in accountancy
from the Morrison Hill Technical Institute in Hong
Kong in 1987. He is a fellow member of the
Association of Chartered Certified Accountants and
a member of the Hong Kong Institute of Certified
Public Accountants and the Chartered Institute
of Management Accountants. He has over 30
years’ experience in accounting, internal audit and
financial management fields. He joined the Group
in September 2018.