Mr LI Lixin, aged 54, 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 31 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. He is currently a committee member of the Twelfth Zhejiang Province Committee of the Chinese People’s Political Consultative Conference, the vice chairman of the China Plastics Processing Industry Association and Ningbo City 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 was appointed as non-executive Director in September 2008 and redesignated as executive Director in April 2011; Mr Li was appointed as chairman of the Group in September 2008 and resigned as chairman in November 2019.
Mr CHENG Jianhe, aged 56, is the executive Director of the Company. Mr Cheng has over 33 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 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 52, 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 has been responsible for sales and operations management of Ningbo plant since 1998. She holds an Executive Master of Business Administration degree from Fudan University. She has over 26 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 53, 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 a non-executive director of Pak Tak International Limited (2668. HK), an independent director of Olympic Circuit Technology Co., Ltd (SH.603920), and an independent non-executive director of Newton Resources Limited (1231.HK) and Zhengye International Holdings Company Limited (3363.HK).
Mr Shin was an independent non-executive director of BIO-Key International, Inc (NASDAQ: BKYI), China Tianrui Automotive Interiors Co., Ltd (6162.HK) and Huabang Financial Holdings Limited (3638.HK).
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 59, 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, 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 stateowned 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 56, is the independent non-executive Director, chairman of the remuneration committee and member of the audit committee of the Company. Mr Kwong is currently the 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.