Corporate Governance

We continually strive to strengthen the role of our Board as a collective decision-making body responsible for defining our fundamental policies, resolving our executive management issues, supervising the execution of our business operations. Our Board consists of eight Directors, including five Executive Directors and three Independent Non-Executive Directors.

 

Executive Directors: Ms. Wong Suet Hing, Ms. Wong Sau Ting Peony, Mr. Wong Muk Fai Woody, Mr. Ma Sui Hong and Mr. Wong Chi Chiu Henry

Independent Non-Executive Directors: Ms. Ng Yau Kuen Carmen, Mrs. Cheung Lau Lai Yin Becky and Mr. Yu Ronald Patrick Lup Man

Audit Committee

We have established an Audit Committee pursuant to a resolution of our Directors passed on 29 January 2018 with written terms of reference in compliance with the Corporate Governance Code and Rule 5.28 as set out in the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited. The primary duties of our Audit Committee are mainly (i) to make recommendations to our Board on the appointment and removal of external auditors; (ii) to review and revise our Group’s financial statements and render advice in respect of financial reporting; (iii) to oversee internal control procedures and corporate governance of our Group; (iv) to supervise internal control systems of our Group. All members of our Audit Committee are appointed by the Board. Our Audit Committee currently consists of all 3 of our independent non-executive Directors, namely Ms. Ng Yau Kuen Carmen, Mrs. Cheung Lau Lai Yin Becky and Mr. Yu Ronald Patrick Lup Man. Ms. Ng Yau Kuen Carmen is the chairlady of our Audit Committee.

Terms of reference

Remuneration Committee

We have established a Remuneration Committee pursuant to a resolution of our Directors passed on 29 January 2018 with written terms of reference in compliance with the Corporate Governance Code and Rule 5.34 as set out in the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited. The primary duties of our Remuneration Committee are mainly (i) to review and make recommendations to our Board on the overall remuneration policy and structure relating to all Directors and senior management of our Group; (ii) to review other remuneration-related matters, including benefits-in-kind and other compensation payable to our Directors and senior management; and (iii) to review the performance based remunerations and to establish a formal and transparent procedure for developing policy in relation to remuneration. Our Remuneration Committee currently consists of Ms. Ng Yau Kuen Carmen, Mrs. Cheung Lau Lai Yin Becky, Mr. Yu Ronald Patrick Lup Man, Ms. Wong Suet Hing and Ms. Wong Sau Ting Peony. Mrs. Cheung Lau Lai Yin Becky is the chairlady of our Remuneration Committee.

Terms of reference

Nomination Committee

We have established a Nomination Committee pursuant to a resolution of our Directors passed on 29 January 2018 with written terms of reference in compliance with the Corporate Governance Code. The primary duties of our Nomination Committee are mainly (i) to review the structure, size, composition and diversity of our Board on a regular basis; (ii) to identify individuals suitably qualified to become Board members; (iii) to assess the independence of independent nonexecutive Directors; (iv) to make recommendations to our Board on relevant matters relating to the appointment or re-appointment of Directors; and (v) to make recommendations to our Board regarding the candidates to fill vacancies on our Board. Our Nomination Committee currently consists of Ms. Ng Yau Kuen Carmen, Mrs. Cheung Lau Lai Yin Becky, Mr. Yu Ronald Patrick Lup Man, Ms. Wong Suet Hing and Ms. Wong Sau Ting, Peony. Mr. Yu Ronald Patrick Lup Man is the chairman of our Nomination Committee.

Terms of reference

Memorandum and Articles of Association

Procedures for a Shareholder to propose a person for election as a director

 

 

Shareholders communication policy

Board diversity policy

Corporate Information

Chairlady

Ms. Wong Suet Hing

CEO

Ms. Wong Sau Ting Peony

Company Secretary:

Mr. Wong Chi Chiu Henry

Head Office:

Unit 13, 8/F
Vanta Industrial Centre
21-33 Tai Lin Pai Road
Kwai Chung, New Territories
Hong Kong

Registered Office:

Cricket Square
Hutchins Drive
P.O. Box 2681
Grand Cayman
KY1-1111
Cayman Islands

Independent Auditor:

BDO Limited

Hong Kong Branch Share Registrar and Transfer Office:

Tricor Investor Services Limited
Level 54, Hopewell Centre
183 Queen’s Road East
Hong Kong

Principal Bankers:

Shanghai Commercial Bank Limited

The Hongkong and Shanghai Banking
Corporation Limited

Stock Code:

The Stock Exchange of Hong Kong : 8367

Website:

www.simplicityholding.com

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    Copyright © 2020 Simplicity Holding Limited. 

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