Overview
Maintaining high standards of business ethics and corporate governance has always been one of the Group’s prime tasks. It believes that conducting the Group’s businesses in an open and responsible manner and following good corporate governance practices serve its long-term interests and those of its shareholders.
Members of The Board
Rigorous standards of corporate governance enhance the Group’s accountability and transparency, earning the confidence of shareholders and the public. The Company complied with the code provisions of the Corporate Governance Code as set out in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("CG Code").

The Board of Directors continues to monitor and review the Company’s corporate governance practices to ensure compliance.

Members of The Board
EXECUTIVE DIRECTOR

Ms. WAI Siu Kee

Chairman
Ms. Wai joined the Group since its establishment in 1976. Ms. Wai has extensive experience in the manufacturing industry of over five decades. She is responsible for the development of corporate strategies, corporate planning and overall management of the Group and in particular the marketing and development of the business of the Group.  Ms. Wai is the mother of Mr. Lee Man Yan, an Executive Director and the Chief Executive Officer of the Group.

Mr. LEE Man Yan

Chief Executive Officer
He joined the Group in 2000. Mr. Lee is in charge of the corporate and strategic planning of the Group, and is responsible for the management operations, procurement, staff management and public relations in the PRC of the business. He graduated from the University of British Columbia, Canada with a Bachelor’s Degree in Commerce. Mr. Lee was awarded Young Industrialist Award of Hong Kong 2013 and Young Entrepreneur Award 2013. He is appointed as member of the Departmental Advisory Committee for the Department of Chemistry of City University of Hong Kong and Committee Member of Hong Kong Young Industrialists Council. He is also a member of Chinese People’s Political Consultative Committee (CPPCC) of Jiangxi. Mr. Lee is a son of Ms. Wai Siu Kee, an Executive Director and the Chairman of the Group.

Professor Chan Albert Sun Chi JP

Chief Strategist
He joined the Group in 2016. He is a world-renowned organic chemist, Member of the Chinese Academy of Sciences, and President Emeritus of Hong Kong Baptist University. He is responsible for the planning of the Group’s overall business and long term strategies, formulating new product development directions, leading the Group’s research and development team for enhancement of scientific research technology, commercializing its research results and introducing new products into the market.
Professor Chan received his bachelor degree from International Christian University in Japan in 1975 and his MSc and PhD degrees from the University of Chicago respectively in 1976 and 1979. Upon graduation from the University of Chicago, he started an industrial career at the Monsanto Corporate Research Laboratories where he had worked for 13 years, rising through the ranks of Senior Research Chemist, Research Specialist, Senior Research Specialist and finally Monsanto Fellow. Since joining the Hong Kong Polytechnic University in 1994, Professor Chan had served as Chair Professor and Head of the Department of Applied Biology and Chemical Technology, Dean of the Faculty of Applied Science and Textiles, and Vice President (Research Development). He was the 4th President and Vice-Chancellor of Hong Kong Baptist University in 2010–2015.
Professor Chan’s research areas include the application of chiral catalysts in asymmetric syntheses and their industrial applications, development of pharmaceutical products and related processes, pharmaceutical and nutritional products based on Chinese medicines, new organic chemical processes and their industrial applications, research and industrial applications of green sciences, novel material discovery and development, etc. Elected as Member of the Chinese Academy of Sciences in 2001, Professor Chan has received numerous prestigious awards including State Natural Science Award of China (second class), Lectureship Award by The Society of Synthetic Organic Chemistry, Japan and Invitation Fellowship of Japan Society for the Promotion of Science.He is also a member of CPPCC National Committee.

Mr. YANG Zuo Ning

General Manager of Jiangxi Lee & Man Chemical Limited
He joined the Group in 2006. He is a national acclaimed senior engineer and over 40 years of production experience in chloro-alkali industries. He is responsible for the strategic planning, general management and advisory of production engineering to the Group.

INDEPENDENT NON-EXECUTIVE DIRECTOR

Mr. WONG Kai Tung, Tony

He has been a practicing lawyer in Hong Kong since 1968 and has also been admitted as a solicitor in England and Wales. He is currently a consultant at Messrs. Hastings & Co., Solicitors and Notaries. He is also an independent non-executive director of Melbourne Enterprises Limited (Stock Code: 158) and Lee & Man Paper Manufacturing Limited (Stock Code: 2314).

Mr. WAN Chi Keung, Aaron BBS, JP

He holds a Master’s Degree in Business Administration of the Chinese University of Hong Kong and a Master’s Degree in Buddhist Studies of the University of Hong Kong. He is also an associate of the Institution of Business Agents, a member of the Land Institute (London), an associate of the Chartered Institute of Arbitrators, a fellow of The Institute of Administrative Accounting and a fellow of The Royal Institution of Chartered Surveyors. He is experienced and engaged in the business of property and chattel valuation and auction. He is also an independent non-executive director of CNC Holdings Limited (Stock Code: 8356).

Mr. HENG Victor Ja Wei

He is a director of Morison Heng CPA Limited. He holds a Master of Science Degree of the Imperial College of Science, Technology and Medicine, the University of London.  He is a fellow member of The Association of Chartered Certified Accountants and member of The Hong Kong Institute of Certified Public Accountants. He is also an independent non-executive director in Matrix Holdings Limited (Stock Code: 1005), Veson Holdings Limited (Stock Code: 1399) and Best Food Holding Company Limited (Stock Code: 1488). He also serves as the company secretary and authorized representative of China Life Insurance Company Limited (Stock Code: 2628).

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Audit Committee
The Audit Committee was established in 2001 and its current members include:
Mr. Heng Victor Ja Wei (Chairman)
Mr. Wong Kai Tung, Tony
Mr. Wan Chi Keung, Aaron BBS JP
The Board considers that each Audit Committee member has broad commercial experience and there is a suitable mix of expertise in accounting, business and legal on the Audit Committee. The composition and members of the Audit Committee complies with the requirements under Rule 3.21 of the Listing Rules. The terms of reference which describe the authority and duties of the Audit Committee were adopted to conform to the provisions of the CG Code. The Audit Committee's specific terms of reference are posted on the websites of the Company and HKEx.
The Audit Committee meets regularly to review the Group’s financial reporting and other information to shareholders, the system of internal controls, risk management and the effectiveness and objectiveness of the audit process. The Audit Committee also provides an important link between the Board and the Company’s auditors in matters coming within the scope of its terms of reference and keeps under review the independence and objectivity of the auditors.
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Remuneration Committee
The Remuneration Committee was established in 2005 and its current members include :
Mr. Heng Victor Ja Wei (Chairman)
Mr. Wong Kai Tung, Tony
Mr. Wan Chi Keung, Aaron BBS JP
All members of the Remuneration Committee are Independent Non-Executive Directors. The remuneration Committee advises the Board on the Group’s overall policy and structure for the remuneration of directors and senior management. The Remuneration Committee ensures that no director or any of his associate is involved in deciding his own remuneration. The terms of reference of the Remuneration Committee were adopted to confirm to the provision of the CG Code. The Remuneration Committee's specific terms of reference are posted on the websites of the Company and HKEx.
In determining the emolument payable to directors, the Remuneration Committee takes into consideration factors such as salaries paid by comparable companies, time commitment and responsibilities of the directors, employment conditions elsewhere in the Group and the desirability of performance-based remuneration.
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Nomination Committee
The Nomination Committee was established in March 2012 and its current members include :
Ms. Wai Siu Kee (Chairman)
Mr. Heng Victor Ja Wei
Mr. Wong Kai Tung, Tony
Mr. Wan Chi Keung, Aaron BBS JP
The majority members are Independent Non-Executive Directors. The Nomination Committee has the duty of reviewing annually the board structure and composition. The terms of reference of the Nomination Committee were adopted to confirm to the provision of the CG Code. The Nomination Committee's specific terms of reference are posted on the websites of the Company and HKEx.
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