Finance Committee
Mr. Luo Xicheng, has been appointed as the Chairman of the Board of Directors and an executive director of the Company from 27 October 2023. Mr. Luo is also the Chairman of Companhia de Telecomunicações de Macau, S.A.R.L. (“CTM”) and CITIC Telecom International CPC Limited (“CPC”), both being subsidiaries of the Company. Mr. Luo obtained a Bachelor degree of Management and a Master degree of Economics. He joined in succession large state-owned enterprises in the fields of information, aviation and electronics and government research and decision-making consulting institutions as engineer, department executive and deputy chief engineer. Mr. Luo possesses extensive theoretical knowledge and practical experience and he has excellent capabilities in macro decision-making, comprehensive management, and planning and coordination. Mr. Luo keeps abreast of development trends of electronic information and has in-depth understanding in the economic development and technological innovation in the Guangdong-Hong Kong-Macao Greater Bay Area. Mr. Luo had also participated in the planning, design, and construction of many important state engineering projects. The scientific research projects he led and participated in had repeatedly won national and provincial awards. The research results and consulting reports of many major topics that he presided over had been adopted by relevant government departments.
Mr. Luan Zhenjun, has been an executive director and Chief Financial Officer of the Company since 1 February 2022. He is also a director of CTM and CPC, and a Vice Chairman of China Enterprise ICT Solutions Limited (“CEC”, a subsidiary of the Company). Prior to joining the Group, Mr. Luan was the Vice President, Treasurer of CITIC Pacific Limited(2)and a director of CITIC Pacific, certain member companies of CITIC Pacific, CITIC Pacific Special Steel Group Co., Ltd(7), certain member companies of CITIC Limited(3,9) and Dah Chong Hong Holdings Limited(8). Mr. Luan is still a director of CITIC Finance Company Limited(5) and CITIC Finance International Limited(5). The handover and resignation procedures in relation to these positions of Mr. Luan are in progress(Note). Mr. Luan was also the deputy director-general of the finance department of CITIC Group Corporation(1) and the Vice President of the treasury department of CITIC Limited(3,9). Mr. Luan has over 22 years of experience in treasury management.
Note: The above information is updated to the latest practicable date prior to the printing of this Annual Report. As for the changes after that date, the Company will make disclosures in 2024 Interim Report in accordance with the requirements of Rule 13.51B(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
1 “CITIC Group”, the ultimate controlling shareholder of the Company 2 “CITIC Pacific”, the controlling shareholder of the Company and a subsidiary of CITIC Group 3 the controlling shareholder of the Company and a subsidiary of CITIC Group 5 a subsidiary of CITIC Limited 7 a fellow subsidiary of the Company and listed on Shenzhen Stock Exchange 8 “Dah Chong Hong”, a fellow subsidiary of the Company whose shares were withdrawn from listing on the Stock Exchange on 10 January 2020 9 listed on the Main Board of the Stock Exchange
Mr. Liu Jifu, has been a director of the Company since November 2010. He is also the Chairman of the Supervisory Board of CTM. Mr. Liu is a director of CITIC Pacific, CITIC Hong Kong (Holdings) Limited(6) and CITIC International Financial Holdings Limited(4) . Mr. Liu previously served as an executive director of CITIC Limited(3,9) . He was with the Financial and Economics Research Institute in the Chinese Academy of Social Sciences, an executive director of China Everbright Group Limited, and the Chairman of China Everbright Travel Inc and China PINGHE Import & Export Co., Ltd.
3 the controlling shareholder of the Company and a subsidiary of CITIC Group
4 a subsidiary of CITIC Group
6 a subsidiary of CITIC Pacific
9 listed on the Main Board of the Stock Exchange
Mr. Zhao Lei has been appointed as a director of the Company since 6 December 2024. Mr. Zhao is currently the general manager of Technology and Digitalization Department of CITIC Group. Mr. Zhao is a Master of Economics and an engineer and has worked in several CITIC Group companies since 1993. He served as deputy general manager of CITIC Industrial Investment Group Corp., Ltd.(5). He also served successively as president, vice chairman and executive director of CITIC Holdings Co., Ltd.(5).
5 a subsidiary of CITIC Limited
Ms. Wang Hua, has been appointed as a director of the Company since 21 May 2024. Ms. Wang obtained a Master Degree of Management. Ms. Wang has successively served as the director of Tax Division, assistant to the general manager and deputy general manager of Finance Department, the deputy general manager of Human Resources Department and other positions of CITIC Group. She is also a non-executive director of CSC Financial Co., Ltd. (9). Ms. Wang has been engaged in financial work of CITIC Group for a long time and participated in significant projects including the listing of CITIC Limited (9). She was also a Director (until 27 September 2022) of CITIC Heavy Industries Co., Ltd. (11).
9 listed on the Main Board of the Stock Exchange 11 listed on the Shanghai Stock Exchange in the PRC
Remuneration Committee
Nomination Committee
Mr. Zuo Xunsheng, joined the Company as an independent non-executive director in April 2014. He obtained an EMBA degree from Guanghua School of Management of Peking University in 2004. From July 1993 to October 1997, Mr. Zuo served as the Director of the former Bureau of Telecommunications of Jinan City, Shandong Province. From October 1997 to May 2000, he served as the Director of the former Posts and Telecommunications Bureau of Shandong Province. He was the President of the former Shandong Telecommunications Company from May 2000 to April 2002.
Mr. Zuo served as the Vice President of China Network Communications Group Corporation from April 2002 to May 2008. He was the Senior Vice President of China Netcom Group Corporation (Hong Kong) Limited (“CNC HK”) since July 2004; Chief Operating Officer of CNC HK since December 2005; an Executive Director and Chief Executive Officer of CNC HK from May 2006 to October 2008 and Chairman of CNC HK from May 2008 to October 2008. From October 2008 to March 2011, Mr. Zuo was the Vice Chairman and Vice President of China United Network Communications Group Company Limited; Director and Senior Vice President of China United Network Communications Corporation Limited; and Director of China United Network Communications Limited(11). Mr. Zuo also served as an Executive Director of China Unicom (Hong Kong) Limited(9) from October 2008 to March 2011.
In addition, Mr. Zuo served as a Non-Executive Director and Deputy Chairman of PCCW Limited(9) from July 2007 to November 2011. Mr. Zuo is well experienced in telecommunications operations and has rich management experience.
9 listed on the Main Board of the Stock Exchange 11 listed on the Shanghai Stock Exchange in the PRC
Remuneration Committee
Nomination Committee
Mr. Lam Yiu Kin joined the Company as an independent non-executive director in June 2017. Mr. Lam is a fellow member of each of the Association of Chartered Certified Accountants, the Institute of Chartered Accountants in England and Wales, the Chartered Accountants of Australia and New Zealand, and Hong Kong Institute of Certified Public Accountants (“HKICPA”). He graduated from The Hong Kong Polytechnic University with a higher diploma in Accountancy in 1975. He was conferred an Honorary Fellow of The Hong Kong Polytechnic University in 2002.
Mr. Lam has over 48 years of extensive experience in accounting, auditing and business consulting. Mr. Lam was previously a member of the Listing Committee and the Financial Reporting Advisory Panel of the Stock Exchange from 1997 to 2003, a committee member of HKICPA from 1994 to 2009, and a partner of PricewaterhouseCoopers from 1993 to 2013. Mr. Lam was an adjunct professor in the School of Accounting and Finance of The Hong Kong Polytechnic University from 2008 to 2016.
Mr. Lam is currently an independent non-executive director of each of (i) Global Digital Creations Holdings Limited(10); (ii) Spring Asset Management Limited as the manager of Spring Real Estate Investment Trust(9); (iii) Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd.(9,12); (iv) Shougang Century Holdings Limited(9); (v) COSCO SHIPPING Ports Limited(9); (vi) Nine Dragons Paper (Holdings) Limited(9); and (vii) Topsports International Holdings Limited(9). Mr. Lam was an independent non-executive director of Vital Innovations Holdings Limited(9) (until 31 October 2020), WWPKG Holdings Company Limited(10) (until 2 August 2022), and Bestway Global Holding Inc. (until 31 December 2021, its shares were withdrawn from listing on the Stock Exchange on 12 October 2021).
9 listed on the Main Board of the Stock Exchange 10 listed on the Growth Enterprise Market of the Stock Exchange 12 listed on the STAR Market of the Shanghai Stock Exchange in the PRC on 19 June 2020
Remuneration Committee
Nomination Committee
Mr. Wen Ku joined the Company as an independent non-executive director in February 2022. He obtained a doctorate degree of Business Administration (DBA) from The Hong Kong Polytechnic University in 2000, a master degree of Business Administration (MBA) from Norwegian School of Management in 1998 and a master degree of Science from Beijing University of Posts and Telecommunications in 1987. Mr. Wen was granted the title of professorate senior engineer in 2000. Since 1987, Mr. Wen had successively served as the Deputy Director of the Network Management Center, Director of the Network Management Center, Director of the Data Communications Bureau, Shandong Province and the Deputy Chief Engineer of Posts and Telecommunications Administration, Shandong Province. He became the Network Management Center Director of the Directorate General of Telecommunications of the MPTA in 1995; the Deputy Director General of Department of Science and Technology of the MPTA in September 1997; the Deputy Director General of Department of Science and Technology of the MIIB in 1998; the Deputy Director General of the Department of Telecommunications Administration Bureau of the MIIB in 2001; the Director General of Department of Science and Technology of the MIIB in 2002; the Director General of Department of Science and Technology of the MIITC in 2008; the Director General of Information Communication Development Department of the MIITC in November 2013; Vice Chairman and Secretary General of China Communications Standards Association from April 2021 to June 2022, and Chairman of China Communications Standards Association in June 2022. Mr. Wen has extensive experience in information and communications technology, development and in supervision and management in telecommunications.
A Ministry of Posts and Telecommunications in the PRC B Ministry of Information Industry C Ministry of Industry and Information Technology
Mr. Luo Xicheng, has been appointed as the Chairman of the Board of Directors and an executive director of the Company from 27 October 2023. Mr. Luo is also the Chairman of Companhia de Telecomunicações de Macau, S.A.R.L. (“CTM”) and CITIC Telecom International CPC Limited (“CPC”), both being subsidiaries of the Company. Mr. Luo obtained a Bachelor degree of Management and a Master degree of Economics. He joined in succession large state-owned enterprises in the fields of information, aviation and electronics and government research and decision-making consulting institutions as engineer, department executive and deputy chief engineer. Mr. Luo possesses extensive theoretical knowledge and practical experience and he has excellent capabilities in macro decision-making, comprehensive management, and planning and coordination. Mr. Luo keeps abreast of development trends of electronic information and has in-depth understanding in the economic development and technological innovation in the Guangdong-Hong Kong-Macao Greater Bay Area. Mr. Luo had also participated in the planning, design, and construction of many important state engineering projects. The scientific research projects he led and participated in had repeatedly won national and provincial awards. The research results and consulting reports of many major topics that he presided over had been adopted by relevant government departments.
Mr. Luan Zhenjun, has been an executive director and Chief Financial Officer of the Company since 1 February 2022. He is also a director of CTM and CPC, and a Vice Chairman of China Enterprise ICT Solutions Limited (“CEC”, a subsidiary of the Company). Prior to joining the Group, Mr. Luan was the Vice President, Treasurer of CITIC Pacific Limited(2)and a director of CITIC Pacific, certain member companies of CITIC Pacific, CITIC Pacific Special Steel Group Co., Ltd(7), certain member companies of CITIC Limited(3,9) and Dah Chong Hong Holdings Limited(8). Mr. Luan is still a director of CITIC Finance Company Limited(5) and CITIC Finance International Limited(5). The handover and resignation procedures in relation to these positions of Mr. Luan are in progress(Note). Mr. Luan was also the deputy director-general of the finance department of CITIC Group Corporation(1) and the Vice President of the treasury department of CITIC Limited(3,9). Mr. Luan has over 22 years of experience in treasury management.
Note: The above information is updated to the latest practicable date prior to the printing of this Annual Report. As for the changes after that date, the Company will make disclosures in 2024 Interim Report in accordance with the requirements of Rule 13.51B(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
1 “CITIC Group”, the ultimate controlling shareholder of the Company 2 “CITIC Pacific”, the controlling shareholder of the Company and a subsidiary of CITIC Group 3 the controlling shareholder of the Company and a subsidiary of CITIC Group 5 a subsidiary of CITIC Limited 7 a fellow subsidiary of the Company and listed on Shenzhen Stock Exchange 8 “Dah Chong Hong”, a fellow subsidiary of the Company whose shares were withdrawn from listing on the Stock Exchange on 10 January 2020 9 listed on the Main Board of the Stock Exchange
Mr. Poon Fuk Hei, is the Executive Vice President of the Company, Chief Executive Officer (“CEO”) and Chairman of the Executive Committee of CTM. Mr. Poon joined CTM in 1987, who became the CEO of CTM in 2007 and has been playing a pivotal role for the sustainable development of CTM.
Mr. Poon is committed to innovation and the development of “Digital Macau”, under Mr. Poon’s leadership, CTM has been fully aiding Macau SAR Government and local enterprises in accelerating the digital transformation by leveraging the “3 Networks, 4 Centers, 1 Platform” constructed by CTM. In active response to the national regional development strategy, CTM is dedicated to radiate the service within the Greater Bay Area and Guangdong-Macao In-Depth Cooperation Zone in Hengqin, providing various sectors of Macau with better support to integrate into the national development.
Under the leadership of Mr. Poon, CTM has taken the lead to launch Macau’s first 5G services in November 2022, unveiling Macau’s new 5G era and the blueprint of “Digital Macau 3.0”. CTM has been continuing to solidify the digital foundation of “Cloud, Network, Intelligence, Security”, upgrading the Cloud platform capabilities unremittingly to support AI, IoT and smart application development, etc., and enhancing the network security levels. CTM is committed to develop into a smart city service provider in Macau and contributes for the local socio-economic development.
Mr. Poon appoints people by merit and attaches importance to talent cultivation, he has been cultivating batches of outstanding telecom professionals who have become the backbones of various departments, giving the strong vitality for the growth of CTM. These professionals have also become the core force of the construction and development of “Digital Macau”, promoting the sustainable development of Macau’s digital transformation.
Mr. Wong Ching Wa is the Vice President of the Company. Mr. Wong joined the Company in January 2008 as director of China business department and was responsible for China market and business development of the head office. Mr. Wong is a director of CTM, a director and the CEO of CPC and a director and President of CEC. Mr. Wong obtained a Bachelor degree of Telecom Engineering Management from Beijing Information Technology College in 1996 and a Master degree of Engineering Management from Sichuan University in 2002. Mr. Wong previously held management positions in different telecoms and technology companies in the PRC. Before joining the Company, he was the General Manager of operations management department of China Netcom (Hong Kong) Operations Limited. To date, Mr. Wong has more than 27 years experience in the telecoms industry.
Mr. Ip Hon Chung, Dickson is the Chief Technology Officer of the Company. Mr. Ip joined the Company in November 2006. He was responsible for the areas of engineering, information technology, business and management information system and development. He obtained a Bachelor degree in Information Engineering from the Chinese University of Hong Kong (“CUHK”) in 1994 and received a Master degree in Information Engineering from CUHK in 1998. Prior to joining the Company, he held various technical positions in New World PCS Ltd. To date, Mr. Ip has over 28 years practical experience in the field of telecommunications and information technology.