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Past and Future

In her will, the late Mrs Nina Wang, Chinachem Group’s co-founder and owner, left her entire shareholding in the Group to charity.

Today, Chinachem Group is run by professional managers who are overseen by Court appointed Administrators. In May 2024, the Hong Kong High Court approved a scheme governing how Chinachem Group should be operated and managed under the charity’s trustee going forward. The scheme is in the process of being implemented. Once completed, the trustee will take over from the Administrators and oversee Chinachem Group.

Presently, all of Chinachem Group’s profits are reinvested back into our businesses. In accordance with Mrs Wang’s wishes, once the scheme is implemented, a portion of our profits will be channelled to the charity to help it fund its charitable aims and objectives. The remainder will be re-invested into our businesses to enable us to continue to grow, prosper and continue to benefit the communities in which we operate.

Corporate Governance

The preservation and enhancement of the legacy bestowed to us is of the utmost importance to the Group. Therefore, we take corporate governance very seriously.

 

The Group is overseen by the Board of Directors of Chinachem Group Holdings Limited (the “Board”), which comprises the following:

Chairman & Independent Non-Executive Director: Peter Brien

 

Executive Directors: Andy Cheung, Wong Hung Han, and Ricky Tsang

 

Non-Executive Directors: Alvin Wong, Victor Jong and Ted Osborn

 

Board committees include Audit and Risk Committee, Strategic Investment Committee and Remuneration Committee.

The Board of Directors

  • Peter Brien
    Chairman & Independent Non-Executive Director

    Peter is the Chairman of Chinachem Group Holdings Limited which is the parent company of the Chinachem Group. Peter is also a non-executive independent director of The Hong Kong Philharmonic Orchestra, one of the Chairmen of the Listing Review Committee of the Stock Exchange of Hong Kong, and a member of the General Committee of the esteemed Hong Kong Club.


    Peter was previously the Senior Partner at Slaughter and May, Hong Kong, and served as Chairman of the Listing Committee of the Stock Exchange of Hong Kong.

  • Andy Cheung
    Executive Director and CEO

    Mr. Andy Cheung has been an Independent Non-Executive Director of Chinachem Group since December 2022 and was appointed as CEO since September 2024. He is also the chair of the Group’s Strategic Investment Committee.  

     

    Andy began his career in Canada before advancing to senior management positions in infrastructure investment, construction and engineering and real estate investment.  

     

    Prior to joining Chinachem Group, Andy served as Executive Director and Chief Operating Officer of Link REIT, where he played a pivotal role in its transformation and development. His previous roles also include Executive Director and Chief Financial Officer at Paul Y. Engineering Group Limited, and Executive Director at Hopewell Holdings Limited, both of which were listed on the Main Board of the Hong Kong Stock Exchange.  

     

    Andy also sits on the Board of Advisor for the Skywalker Group, a family office with presence in Hong Kong and Singapore engages in sustainable investment with portfolio spanning from traditional to new economy.  

     

    Andy holds a Bachelor degree in Business Administration from Boston University and a Master of Business Administration degree from McMaster University.  He is a Certified Public Accountant of the State of Illinois in the United States. 

  • Wong Hung Han
    Executive Director and COO

    Sleeves up and hands on, HH is happy to work on the frontline, taking on whatever challenge is sent his way.  A product of good mentorship, he landed in Hong Kong as a young man after his studies and Singaporean army service.

    Since then, HH has worked his way up through three large organisations, along the way gaining vital experience of many aspects of business operations, broadening his mindset and ability to problem solve; Technology, then consulting was followed by his arrival at Chinachem, where he now holds the position of Executive Director & COO. An enthusiastic evangelist for change, HH is a leader by example.

  • Ricky Tsang
    Executive Director and CFO

    Joined as Group Deputy CFO in March 2020, Ricky Tsang is a finance veteran who comes with over 30 years of experience gained from senior finance and management positions. He was previously an executive director and CFO at Hysan Development, responsible for managing all finance areas, including treasury and investment, as well as for setting appropriate asset enhancement and funding strategies. His exposure to the real estate was further widened at MTR where he was engaged in a core management team responsible for development, leasing and property services of the MTR property and station commercial portfolio. Ricky is a self-starter who plays a key role at Chinachem in enabling the finance system, process and staff to support the transformation and growth of our Group. He is also responsible for managing the Treasury and Investment teams.

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Alvin Wong
Non-Executive Director
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Victor Jong
Non-Executive Director
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Ted Osborn
Non-Executive Director

The following chart shows the Group's current corporate governance structure. The Group is committed to maintaining the highest standards of openness, integrity, and accountability, encouraging and providing support to employees to report any suspected misconduct, malpractice, and irregularity within the Group.


Should anyone, internal or external, suspect misconduct, malpractice, or irregularity within the Group, they should contact the Audit and Risk Committee at auditcommitee@chinachemgroup.com.

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