Past Awardees

Past Awardees

Young Industrialist Awards of Hong Kong

  • 2020
  • 2020 Awardee
  • 2019 Awardee
  • 2018 Awardee
  • 2017 Awardee
  • 2016 Awardee
  • 2015 Awardee
  • 2014 Awardee
  • 2013 Awardee
  • 2012 Awardee
  • 2011 Awardee
  • 2010 Awardee
  • 2009 Awardee
  • 2008 Awardee
  • 2007 Awardee
  • 2006 Awardee
  • 2005 Awardee
  • 2004 Awardee
  • 2003 Awardee
  • 2002 Awardee
  • 2001 Awardee
  • 2000 Awardee
  • 1999 Awardee
  • 1998 Awardee
YIAH 2020
Elmer Cheng

Mr Elmer Cheng Chi-hang

Chief Executive Officer of Polygroup Holdings Limited

Mr Elmer Cheng graduated from Boston University with honours and dual degrees of Bachelor of Science in Business Administration and Bachelor of Science in Economics. Mr Cheng then moved to New York and worked at Merrill Lynch’s Global Markets and Investment Banking division as part of their management trainee programme. In 2009, Mr Cheng joined the Polygroup family business, firstly as Senior Manager of Business Development, and recently in early 2020, he was appointed as Chief Executive Officer. 

Mr Elmer Cheng graduated from Boston University with honours and dual degrees of Bachelor of Science in Business Administration and Bachelor of Science in Economics. Mr Cheng then moved to New York and worked at Merrill Lynch’s Global Markets and Investment Banking division as part of their management trainee programme. In 2009, Mr Cheng joined the Polygroup family business, firstly as Senior Manager of Business Development, and recently in early 2020, he was appointed as Chief Executive Officer. 

 

Polygroup was founded in 1975 in Bangkok, Thailand serving as a manufacturer of artificial flowers and decorations. As the consumer and market landscape evolved, Polygroup transitioned into manufacturing artificial Christmas trees and soon moved all operations to Hong Kong and mainland China. Today, Polygroup is the largest producer of artificial Christmas trees and a leading producer of summer inflatable toys and above-ground pools, with an extensive clientele including some of the largest Fortune 500 retailers around the world. As a result of the seasonal nature of its products, Polygroup advantageously maintains a year-round production schedule. To further increase efficiency, Polygroup is now operating a highly vertically integrated supply chain where all plastic, metal and LED components are made in-house.

 

As a third-generation entrepreneur, Mr Cheng is heavily involved in all daily operations of production, purchasing, quality and sales, with a clear focus on empowering and growing talented colleagues around him. Steering a team of over 16,000 talents across five continents, he has created a dynamic network that continuously propels the company to attain revenue benchmarks year after year. At the same time, Mr Cheng also devotes much of his attention to each and every customer of Polygroup to gain positive work relationships and consumer satisfaction. This ultimately ensures Polygroup has a robust reputation in the industry which will naturally lead to further business growth and recognition.

 

As Polygroup has expanded its online presence on social media platforms, Mr Cheng has extracted valuable feedback from customers regarding their product experiences. Using this direct information, Mr Cheng has implemented new targets in production to achieve a Zero Product Defective result. By adopting lean manufacturing, Kaizen methods and the DMAIC approach to resolve issues, Polygroup has established its reputation as a top-rated manufacturer in all of their products.

 

The environment for China-based, labour intensive manufacturing is quickly evolving, and Mr Cheng is at the forefront of leading strategic pivots that ensure Polygroup can continue to provide value-for-money products for celebration and fun. By spearheading a special project team actively evaluating production processes, Mr Cheng aims to streamline the supply chain and reduce its dependency on labour by increasing automation of the production line. The ultimate goal is to give Polygroup the ability to be a “first mover” in transitioning to new manufacturing locations in the event of additional trade tariffs. In 2013, Mr Cheng launched two new world-class production facilities in Guangxi, China and Juarez, Mexico to diversify Polygroup’s manufacturing risk as well as create a foundation for future growth in existing and new product categories.

 

Mr Cheng strongly believes the greatest measure of success is to ensure that Polygroup has a positive impact on all stakeholders connected to the company -- starting with staff, vendors, customers and, of course, the surrounding community. Mr Cheng is one of the Founding Members of the Branches of Hope Advisory Committee, a charity organisation working tirelessly to bring justice, hope and dignity to the underprivileged minorities in Hong Kong, especially refugees and asylum seekers in our community. Branches of Hope strives to raise awareness as well as financial and emotional support for these often forgotten and neglected communities in our beloved Hong Kong.

 

2020 has been a very difficult year for everyone and despite all the uncertainties in the world today, Mr Cheng is humbled and honoured to be in a position to provide products that stimulate celebration and fun.

 

Judges’ Comments:

- Committed to building family business with plan to maintain profitability

- Display social commitments

Mr Elmer Cheng graduated from Boston University with honours and dual degrees of Bachelor of Science in Business Administration and Bachelor of Science in Economics. Mr Cheng then moved to New York and worked at Merrill Lynch’s Global Markets and Investment Banking division as part of their management trainee programme. In 2009, Mr Cheng joined the Polygroup family business, firstly as Senior Manager of Business Development, and recently in early 2020, he was appointed as Chief Executive Officer. 

Mr Elmer Cheng graduated from Boston University with honours and dual degrees of Bachelor of Science in Business Administration and Bachelor of Science in Economics. Mr Cheng then moved to New York and worked at Merrill Lynch’s Global Markets and Investment Banking division as part of their management trainee programme. In 2009, Mr Cheng joined the Polygroup family business, firstly as Senior Manager of Business Development, and recently in early 2020, he was appointed as Chief Executive Officer. 

 

Polygroup was founded in 1975 in Bangkok, Thailand serving as a manufacturer of artificial flowers and decorations. As the consumer and market landscape evolved, Polygroup transitioned into manufacturing artificial Christmas trees and soon moved all operations to Hong Kong and mainland China. Today, Polygroup is the largest producer of artificial Christmas trees and a leading producer of summer inflatable toys and above-ground pools, with an extensive clientele including some of the largest Fortune 500 retailers around the world. As a result of the seasonal nature of its products, Polygroup advantageously maintains a year-round production schedule. To further increase efficiency, Polygroup is now operating a highly vertically integrated supply chain where all plastic, metal and LED components are made in-house.

 

As a third-generation entrepreneur, Mr Cheng is heavily involved in all daily operations of production, purchasing, quality and sales, with a clear focus on empowering and growing talented colleagues around him. Steering a team of over 16,000 talents across five continents, he has created a dynamic network that continuously propels the company to attain revenue benchmarks year after year. At the same time, Mr Cheng also devotes much of his attention to each and every customer of Polygroup to gain positive work relationships and consumer satisfaction. This ultimately ensures Polygroup has a robust reputation in the industry which will naturally lead to further business growth and recognition.

 

As Polygroup has expanded its online presence on social media platforms, Mr Cheng has extracted valuable feedback from customers regarding their product experiences. Using this direct information, Mr Cheng has implemented new targets in production to achieve a Zero Product Defective result. By adopting lean manufacturing, Kaizen methods and the DMAIC approach to resolve issues, Polygroup has established its reputation as a top-rated manufacturer in all of their products.

 

The environment for China-based, labour intensive manufacturing is quickly evolving, and Mr Cheng is at the forefront of leading strategic pivots that ensure Polygroup can continue to provide value-for-money products for celebration and fun. By spearheading a special project team actively evaluating production processes, Mr Cheng aims to streamline the supply chain and reduce its dependency on labour by increasing automation of the production line. The ultimate goal is to give Polygroup the ability to be a “first mover” in transitioning to new manufacturing locations in the event of additional trade tariffs. In 2013, Mr Cheng launched two new world-class production facilities in Guangxi, China and Juarez, Mexico to diversify Polygroup’s manufacturing risk as well as create a foundation for future growth in existing and new product categories.

 

Mr Cheng strongly believes the greatest measure of success is to ensure that Polygroup has a positive impact on all stakeholders connected to the company -- starting with staff, vendors, customers and, of course, the surrounding community. Mr Cheng is one of the Founding Members of the Branches of Hope Advisory Committee, a charity organisation working tirelessly to bring justice, hope and dignity to the underprivileged minorities in Hong Kong, especially refugees and asylum seekers in our community. Branches of Hope strives to raise awareness as well as financial and emotional support for these often forgotten and neglected communities in our beloved Hong Kong.

 

2020 has been a very difficult year for everyone and despite all the uncertainties in the world today, Mr Cheng is humbled and honoured to be in a position to provide products that stimulate celebration and fun.

 

Judges’ Comments:

- Committed to building family business with plan to maintain profitability

- Display social commitments

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YIAH 2020
John Cheng

Mr Cheng Tung-sang, John

Founder & CEO of Momax Technology (Hong Kong) Limited

Mr John Cheng has joined the electronics industry since 1999. He founded Momax Technology (Hong Kong) Limited (MOMAX) in 2004. MOMAX, the name originating from “Mobile” and “Max”, implies that the company is dedicated to becoming a pioneering brand of technology products. Mr Cheng believes user-friendly technology products are indispensable partners in our life. Through innovative design and high-quality products, MOMAX is continuously improving user experience.

Mr John Cheng has joined the electronics industry since 1999. He founded Momax Technology (Hong Kong) Limited (MOMAX) in 2004. MOMAX, the name originating from “Mobile” and “Max”, implies that the company is dedicated to becoming a pioneering brand of technology products. Mr Cheng believes user-friendly technology products are indispensable partners in our life. Through innovative design and high-quality products, MOMAX is continuously improving user experience.

 

In early days, MOMAX mainly sold replacement batteries for mobile phones. In 2005, riding on the rapid development and widespread use of the Internet, use of technology products became ubiquitous. In response to the changes of different competitors, Mr Cheng launched various fast chargers for different mobile phone brands. He also paid more attention to market trends and designed easy-to-use and functional mobile phone accessories.

 

In 2009, Mr Cheng seized the opportune time of soaring economic development in mainland China and led the team to establish Momax Technology (Shenzhen) Limited. As the leader of the brand, he was passionate about building the company leveraging the high-quality, fashionable brand positioning in Hong Kong, and quickly mapped out growth strategies. In 2011, Mr Cheng established iMx Electronic (Shenzhen) Co. Ltd, which is mainly responsible for product inspection, testing and packaging processes. He strongly believes that by strictly monitoring every segment of the production process, quality of products can be guaranteed, thereby leading the brand to better development in future.

 

Mr Cheng firmly believes that only through lifelong learning we can continue to grow and create values for ourselves. In 2016, he enrolled in the EMBA programme of National Tsinghua University. Learning in class broadened his horizons and stimulated an agile way of thinking. He further applied his academic ideas to the management of MOMAX, and encouraged creative exchanges between employees, inspiring them to think from multiple perspectives.

 

To welcome the arrival of the new 5G era, Mr Cheng introduced IoT (Internet of Things) products last year, including Body Scale, Purifying Fan, Smart Desk Lamp with Wireless Charger, etc. to create MOMAX smart living. MOMAX product categories have been branched out to mobile phone accessories, smart selfie sticks, wireless charging products and home appliances.

 

Achievement of the brand is demonstrated by some of the most widely-acclaimed awards, such as "Red Dot Product Design Award" and the "Hong Kong Smart Gift Design Award". MOMAX is also an approved partner of three major mobile phone brands in the world, including "Apple", "Samsung" and "Huawei", getting recognition from top-tier businesses.

 

At present, the sales network in Hong Kong is quite mature, and MOMAX’s products are available for sales in chain electrical stores, telecommunications companies, mobile phone and computer accessories retailers, boutique living halls, petrol station stores, design galleries, shops in airports, high-speed rail stations and major tourist attractions. There are close to 1,000 sales points. In addition to physical stores, official flagship stores are also opened online offering members-only shopping discounts.

 

Mr Cheng actively expands the development of overseas markets, and the products are exported to Japan, South Korea, Southeast Asia, the United States, Canada, Australia, New Zealand and Europe. In recent years, the business has also begun to tap into the Eastern European markets such as Russia and Poland, and Middle Eastern markets such as Saudi Arabia and the United Arab Emirates. Products are distributed to more than 50 countries and regions around the world.

 

Mr Cheng always cares about society and helps disadvantaged groups. In response to the Environmental Protection Department's “Rechargeable Battery Recycling Programme", the brand actively cooperates with various organisations to encourage users to recycle rechargeable batteries to reduce the adverse impact on the environment. MOMAX also provides sponsorship and volunteer support for different charities, such as ORBIS, MSF, Hok Yau Club, etc. to give back to society. MOMAX also won the "100% HK Branding Award”, “CSR Corporate Social Responsibility Award”, “Partner Employer Award” and “Caring Company”, which are testaments to the company's continued contribution to society.

 

Judges’ Comments:

-Passionate about proliferation

-Full grasp pf the market development trend

Mr John Cheng has joined the electronics industry since 1999. He founded Momax Technology (Hong Kong) Limited (MOMAX) in 2004. MOMAX, the name originating from “Mobile” and “Max”, implies that the company is dedicated to becoming a pioneering brand of technology products. Mr Cheng believes user-friendly technology products are indispensable partners in our life. Through innovative design and high-quality products, MOMAX is continuously improving user experience.

Mr John Cheng has joined the electronics industry since 1999. He founded Momax Technology (Hong Kong) Limited (MOMAX) in 2004. MOMAX, the name originating from “Mobile” and “Max”, implies that the company is dedicated to becoming a pioneering brand of technology products. Mr Cheng believes user-friendly technology products are indispensable partners in our life. Through innovative design and high-quality products, MOMAX is continuously improving user experience.

 

In early days, MOMAX mainly sold replacement batteries for mobile phones. In 2005, riding on the rapid development and widespread use of the Internet, use of technology products became ubiquitous. In response to the changes of different competitors, Mr Cheng launched various fast chargers for different mobile phone brands. He also paid more attention to market trends and designed easy-to-use and functional mobile phone accessories.

 

In 2009, Mr Cheng seized the opportune time of soaring economic development in mainland China and led the team to establish Momax Technology (Shenzhen) Limited. As the leader of the brand, he was passionate about building the company leveraging the high-quality, fashionable brand positioning in Hong Kong, and quickly mapped out growth strategies. In 2011, Mr Cheng established iMx Electronic (Shenzhen) Co. Ltd, which is mainly responsible for product inspection, testing and packaging processes. He strongly believes that by strictly monitoring every segment of the production process, quality of products can be guaranteed, thereby leading the brand to better development in future.

 

Mr Cheng firmly believes that only through lifelong learning we can continue to grow and create values for ourselves. In 2016, he enrolled in the EMBA programme of National Tsinghua University. Learning in class broadened his horizons and stimulated an agile way of thinking. He further applied his academic ideas to the management of MOMAX, and encouraged creative exchanges between employees, inspiring them to think from multiple perspectives.

 

To welcome the arrival of the new 5G era, Mr Cheng introduced IoT (Internet of Things) products last year, including Body Scale, Purifying Fan, Smart Desk Lamp with Wireless Charger, etc. to create MOMAX smart living. MOMAX product categories have been branched out to mobile phone accessories, smart selfie sticks, wireless charging products and home appliances.

 

Achievement of the brand is demonstrated by some of the most widely-acclaimed awards, such as "Red Dot Product Design Award" and the "Hong Kong Smart Gift Design Award". MOMAX is also an approved partner of three major mobile phone brands in the world, including "Apple", "Samsung" and "Huawei", getting recognition from top-tier businesses.

 

At present, the sales network in Hong Kong is quite mature, and MOMAX’s products are available for sales in chain electrical stores, telecommunications companies, mobile phone and computer accessories retailers, boutique living halls, petrol station stores, design galleries, shops in airports, high-speed rail stations and major tourist attractions. There are close to 1,000 sales points. In addition to physical stores, official flagship stores are also opened online offering members-only shopping discounts.

 

Mr Cheng actively expands the development of overseas markets, and the products are exported to Japan, South Korea, Southeast Asia, the United States, Canada, Australia, New Zealand and Europe. In recent years, the business has also begun to tap into the Eastern European markets such as Russia and Poland, and Middle Eastern markets such as Saudi Arabia and the United Arab Emirates. Products are distributed to more than 50 countries and regions around the world.

 

Mr Cheng always cares about society and helps disadvantaged groups. In response to the Environmental Protection Department's “Rechargeable Battery Recycling Programme", the brand actively cooperates with various organisations to encourage users to recycle rechargeable batteries to reduce the adverse impact on the environment. MOMAX also provides sponsorship and volunteer support for different charities, such as ORBIS, MSF, Hok Yau Club, etc. to give back to society. MOMAX also won the "100% HK Branding Award”, “CSR Corporate Social Responsibility Award”, “Partner Employer Award” and “Caring Company”, which are testaments to the company's continued contribution to society.

 

Judges’ Comments:

-Passionate about proliferation

-Full grasp pf the market development trend

Read More

Less

YIAH 2020
Tommy Ching

Mr Ching Tsun-wah, Tommy

Vice President and Executive Director of Ming Fai International Holdings Limited

Established in Hong Kong in 1980, Ming Fai Group has successfully become the first Chinese hospitality supplies company listed on the main board of the Hong Kong Stock Exchange since 2007. As a world-class hotel supplies brand for over 30 years, Ming Fai Group has provided exceptional services for internationally renowned hotel brands, airlines, hospitality and personal care industries, with over 3,000 job opportunities created in the Greater Bay Area.

Established in Hong Kong in 1980, Ming Fai Group has successfully become the first Chinese hospitality supplies company listed on the main board of the Hong Kong Stock Exchange since 2007. As a world-class hotel supplies brand for over 30 years, Ming Fai Group has provided exceptional services for internationally renowned hotel brands, airlines, hospitality and personal care industries, with over 3,000 job opportunities created in the Greater Bay Area.

 

Ming Fai Group has been awarded a number of honours over the decades, such as the “First National Brand by China Hotel and Restaurant Industry”, “Forbes China Best Small & Medium-sized Enterprises 2008” and was proudly selected as the “Most Competitive Brand” and “Top 100 Hotel Supplier”.

 

After joining Ming Fai Group since 2006, Mr Tommy Ching has assisted in production operations and actively involved in both business and product development of the Group. As the second generation of family business, one of the most important tasks for Mr Ching is to encourage diversified and sustainable development of the Group, including innovation of its own products, solving problems with sustainable assessments, as well as partnering with complementary companies to provide exceptional products and services for customers worldwide.

 

With extraordinary global perspectives and enterprising mindsets, Mr Ching clearly understands that sustainable product innovation is another main strategy for the Group’s future development. Hence, he has led the Group to manufacture eco-friendly five star-rated products made up of sustainable components for the environmentally conscious international market. Working one-on-one with business partners, the Group has successfully launched different environmentally-friendly product lines for the discerning clientele. Having a great pursuit of adopting green, sustainable resources, Mr Ching has successfully led the Group to clinch a number of certifications and accolades, such as ISO 14001:2015(E), ISO13485:2016, GMPC-US, ECOLABEL 2016, ECOCERT The Best Hotel Products Supplier and “Certificate of Merit in Hong Kong Green Innovations Awards 2018” as well as the honours of “China Hotel Star Award Best Eco-Friendly Hotel Supplier of the Year”,  “Excellent Green Hotel Supplier of ASIA-PACIFIC” in 2018 and “Most Outstanding Contribution Award of Low Carbon Supplier” in 2010.

 

Mr Ching further demonstrates his outstanding leadership and enthusiasm in helping society during the pandemic outbreak. In January 2020, he swiftly devised a new business strategy to develop and launch a range of disinfectant products. Featured with innovative technology, the Group’s brand “Pasión”, aims to offer city-wide customers with high-quality and value-for-money cleaning and protecting products against coronavirus. Pasión products are certified by well-known certification schemes and renowned organisations locally and worldwide, including SGS, the world’s leading certification company, and Hong Kong Q-Mark Product Scheme by Hong Kong Q-Mark Council.

 

Mr Ching is devoted to supporting charity work and youth education development. Ming Fai has continuously contributed to charities, such as an accumulated donation HKD 1,000,000 to the Orbis International in 2007, and HKD 800,000 for Sichuan earthquake recovery to Red Cross Society of China in 2008. On the aspect of youth development, the Group sponsored summer camping for students from Hong Kong Shue Yan University and Hong Kong Polytechnic University, and participated in Sowers Actions Charity Marathon to motivate underprivileged students in 2015. In 2020, he joined hands with the non-profit organisation "Soap Cycling” to distribute Pasión hand sanitiser for free to 3,500 cleaners and 3,000 Pasión hand sanitiser to the public in Yuen Long.

 

Since the outbreak of the pandemic, Mr Ching has held a charity activity named "We Care We Art" to deliver Pasión personal hygiene products and face masks to the elderly participating in "FOOD ANGEL" launched by Hong Kong Bo Charity Foundation. Besides, the Group has distributed Pasión disinfectant products for free to various needy groups, including Hong Kong Family Welfare Society.

 

Judges’ Comments:

-Good market penetration

-Exemplary market acumen with clear mission and vision

Established in Hong Kong in 1980, Ming Fai Group has successfully become the first Chinese hospitality supplies company listed on the main board of the Hong Kong Stock Exchange since 2007. As a world-class hotel supplies brand for over 30 years, Ming Fai Group has provided exceptional services for internationally renowned hotel brands, airlines, hospitality and personal care industries, with over 3,000 job opportunities created in the Greater Bay Area.

Established in Hong Kong in 1980, Ming Fai Group has successfully become the first Chinese hospitality supplies company listed on the main board of the Hong Kong Stock Exchange since 2007. As a world-class hotel supplies brand for over 30 years, Ming Fai Group has provided exceptional services for internationally renowned hotel brands, airlines, hospitality and personal care industries, with over 3,000 job opportunities created in the Greater Bay Area.

 

Ming Fai Group has been awarded a number of honours over the decades, such as the “First National Brand by China Hotel and Restaurant Industry”, “Forbes China Best Small & Medium-sized Enterprises 2008” and was proudly selected as the “Most Competitive Brand” and “Top 100 Hotel Supplier”.

 

After joining Ming Fai Group since 2006, Mr Tommy Ching has assisted in production operations and actively involved in both business and product development of the Group. As the second generation of family business, one of the most important tasks for Mr Ching is to encourage diversified and sustainable development of the Group, including innovation of its own products, solving problems with sustainable assessments, as well as partnering with complementary companies to provide exceptional products and services for customers worldwide.

 

With extraordinary global perspectives and enterprising mindsets, Mr Ching clearly understands that sustainable product innovation is another main strategy for the Group’s future development. Hence, he has led the Group to manufacture eco-friendly five star-rated products made up of sustainable components for the environmentally conscious international market. Working one-on-one with business partners, the Group has successfully launched different environmentally-friendly product lines for the discerning clientele. Having a great pursuit of adopting green, sustainable resources, Mr Ching has successfully led the Group to clinch a number of certifications and accolades, such as ISO 14001:2015(E), ISO13485:2016, GMPC-US, ECOLABEL 2016, ECOCERT The Best Hotel Products Supplier and “Certificate of Merit in Hong Kong Green Innovations Awards 2018” as well as the honours of “China Hotel Star Award Best Eco-Friendly Hotel Supplier of the Year”,  “Excellent Green Hotel Supplier of ASIA-PACIFIC” in 2018 and “Most Outstanding Contribution Award of Low Carbon Supplier” in 2010.

 

Mr Ching further demonstrates his outstanding leadership and enthusiasm in helping society during the pandemic outbreak. In January 2020, he swiftly devised a new business strategy to develop and launch a range of disinfectant products. Featured with innovative technology, the Group’s brand “Pasión”, aims to offer city-wide customers with high-quality and value-for-money cleaning and protecting products against coronavirus. Pasión products are certified by well-known certification schemes and renowned organisations locally and worldwide, including SGS, the world’s leading certification company, and Hong Kong Q-Mark Product Scheme by Hong Kong Q-Mark Council.

 

Mr Ching is devoted to supporting charity work and youth education development. Ming Fai has continuously contributed to charities, such as an accumulated donation HKD 1,000,000 to the Orbis International in 2007, and HKD 800,000 for Sichuan earthquake recovery to Red Cross Society of China in 2008. On the aspect of youth development, the Group sponsored summer camping for students from Hong Kong Shue Yan University and Hong Kong Polytechnic University, and participated in Sowers Actions Charity Marathon to motivate underprivileged students in 2015. In 2020, he joined hands with the non-profit organisation "Soap Cycling” to distribute Pasión hand sanitiser for free to 3,500 cleaners and 3,000 Pasión hand sanitiser to the public in Yuen Long.

 

Since the outbreak of the pandemic, Mr Ching has held a charity activity named "We Care We Art" to deliver Pasión personal hygiene products and face masks to the elderly participating in "FOOD ANGEL" launched by Hong Kong Bo Charity Foundation. Besides, the Group has distributed Pasión disinfectant products for free to various needy groups, including Hong Kong Family Welfare Society.

 

Judges’ Comments:

-Good market penetration

-Exemplary market acumen with clear mission and vision

Read More

Less

YIAH 2020
Annabel Huo

Ms Annabel Huo

Executive Director and Senior Vice President of Comba Telecom Systems Holdings Limited

Ms Annabel Huo is the Executive Director and Senior Vice President of Comba Telecom Systems Holdings Limited (Comba Telecom), and also the President of Comba Telecom Systems International Limited. A graduate of Imperial College London (BEng, First Class Honours) and Stanford University (MSEE), Ms Huo joined Comba Telecom in 2010 and started leading the international division in 2016 where she is responsible for strategic planning, management and operation of the Group’s global business. Under her leadership, the international business division achieved over 80% growth in both gross profit and revenue over the past four years. Notably, Ms Huo successfully turned around various regional businesses from loss-making to profitability during that period.

Ms Annabel Huo is the Executive Director and Senior Vice President of Comba Telecom Systems Holdings Limited (Comba Telecom), and also the President of Comba Telecom Systems International Limited. A graduate of Imperial College London (BEng, First Class Honours) and Stanford University (MSEE), Ms Huo joined Comba Telecom in 2010 and started leading the international division in 2016 where she is responsible for strategic planning, management and operation of the Group’s global business. Under her leadership, the international business division achieved over 80% growth in both gross profit and revenue over the past four years. Notably, Ms Huo successfully turned around various regional businesses from loss-making to profitability during that period.

 

Comba Telecom was established in 1997 and has grown to become a leading supplier of wireless and information communications systems and services with its own R&D and manufacturing base. With operations all over the globe, the Group is at the forefront of 5G and IoE (Internet of Everything) network development. Its base station antennas and in-building solutions are installed for customers across Asia Pacific, America, Europe, Middle East and Africa. The international team has recently partnered with global operators and industry leaders to enable 5G networks and application innovations around the world.

 

Over the past few years, Ms Huo has been actively leading the team in positioning the business for rapid and sustainable growth by: (1) identifying customer value propositions;  (2) diversifying the customer mix in key regions; (3) developing and localising the product portfolio according to regional requirements;  (4) talent management through a mix of hiring industry experts and nurturing talents from within; (5) leveraging local expertise of regional offices with a global vision and strategy; (6) helping drive the adoption of industry 4.0 within the Group. This reform in business structure resulted in vastly improved customer response and higher performance throughout the organisation. 

 

She is also constantly bringing new innovations to forge assorted types of new business opportunities in line with the IoE evolution. As the leader of the international team, Ms Huo not only delivers significant growth in the core wireless communications businesses around the world by having success in key markets and account breakthroughs but is also exploring new business opportunities through fostering innovation in wireless application technologies. A key development is the commercialisation of the ScanViS facial recognition AI solution. ScanViS is now being adopted around the world and has also been deployed for access control at the world’s largest wireless technology event – Mobile World Congress.

 

Within the Group, Ms Huo actively nurtures and promotes talents to leadership roles for future growth, as well as strives to develop innovation and development of the Hong Kong hi-tech industry by building partnerships with companies globally.

 

Judges’ Comments:

- Good vision on long-term sustainable development of company

- Demonstrated deep industry knowledge and drive for industry development

Ms Annabel Huo is the Executive Director and Senior Vice President of Comba Telecom Systems Holdings Limited (Comba Telecom), and also the President of Comba Telecom Systems International Limited. A graduate of Imperial College London (BEng, First Class Honours) and Stanford University (MSEE), Ms Huo joined Comba Telecom in 2010 and started leading the international division in 2016 where she is responsible for strategic planning, management and operation of the Group’s global business. Under her leadership, the international business division achieved over 80% growth in both gross profit and revenue over the past four years. Notably, Ms Huo successfully turned around various regional businesses from loss-making to profitability during that period.

Ms Annabel Huo is the Executive Director and Senior Vice President of Comba Telecom Systems Holdings Limited (Comba Telecom), and also the President of Comba Telecom Systems International Limited. A graduate of Imperial College London (BEng, First Class Honours) and Stanford University (MSEE), Ms Huo joined Comba Telecom in 2010 and started leading the international division in 2016 where she is responsible for strategic planning, management and operation of the Group’s global business. Under her leadership, the international business division achieved over 80% growth in both gross profit and revenue over the past four years. Notably, Ms Huo successfully turned around various regional businesses from loss-making to profitability during that period.

 

Comba Telecom was established in 1997 and has grown to become a leading supplier of wireless and information communications systems and services with its own R&D and manufacturing base. With operations all over the globe, the Group is at the forefront of 5G and IoE (Internet of Everything) network development. Its base station antennas and in-building solutions are installed for customers across Asia Pacific, America, Europe, Middle East and Africa. The international team has recently partnered with global operators and industry leaders to enable 5G networks and application innovations around the world.

 

Over the past few years, Ms Huo has been actively leading the team in positioning the business for rapid and sustainable growth by: (1) identifying customer value propositions;  (2) diversifying the customer mix in key regions; (3) developing and localising the product portfolio according to regional requirements;  (4) talent management through a mix of hiring industry experts and nurturing talents from within; (5) leveraging local expertise of regional offices with a global vision and strategy; (6) helping drive the adoption of industry 4.0 within the Group. This reform in business structure resulted in vastly improved customer response and higher performance throughout the organisation. 

 

She is also constantly bringing new innovations to forge assorted types of new business opportunities in line with the IoE evolution. As the leader of the international team, Ms Huo not only delivers significant growth in the core wireless communications businesses around the world by having success in key markets and account breakthroughs but is also exploring new business opportunities through fostering innovation in wireless application technologies. A key development is the commercialisation of the ScanViS facial recognition AI solution. ScanViS is now being adopted around the world and has also been deployed for access control at the world’s largest wireless technology event – Mobile World Congress.

 

Within the Group, Ms Huo actively nurtures and promotes talents to leadership roles for future growth, as well as strives to develop innovation and development of the Hong Kong hi-tech industry by building partnerships with companies globally.

 

Judges’ Comments:

- Good vision on long-term sustainable development of company

- Demonstrated deep industry knowledge and drive for industry development

Read More

Less

YIAH 2020
Gary Lau

Mr Lau Sun Tao, Gary

Executive Director of Renley Watch Manufacturing Company Limited

After graduated from the University of Kent UK in 2007, majoring in business administration, Mr Gary Lau immediately joined the family business – Renley Watch Group and is fully devoted to the development of the watch industry ever since. He was responsible for brand building when he first joined the Group. With his efforts, three Swiss watch brands “Buler”, “Jean d’Eve” and “Sultana”, and the local watch brand “Temporis” have been successfully promoted to overseas and Greater China Region markets in several years, comprised of more than 200 sales and distribution networks all over the world during the peak.

After graduated from the University of Kent UK in 2007, majoring in business administration, Mr Gary Lau immediately joined the family business – Renley Watch Group and is fully devoted to the development of the watch industry ever since. He was responsible for brand building when he first joined the Group. With his efforts, three Swiss watch brands “Buler”, “Jean d’Eve” and “Sultana”, and the local watch brand “Temporis” have been successfully promoted to overseas and Greater China Region markets in several years, comprised of more than 200 sales and distribution networks all over the world during the peak.

After many years of hard work, business development is in full swing. In 2015, Mr Lau was promoted to Executive Director of Renley Watch Group and its subsidiaries, and fully grasped the core mechanism of the entire group. In face of difficulties, he decisively executed corporate restructuring to improve business stability. He has also introduced the concept of smart factory to the Group, and implemented automated assembly production lines imported from Switzerland to factories in Hong Kong and mainland China, thereby reducing dependency on labour and increasing their throughput and competitive edge. Of commitment to the sustainability of family business specialising in OEM/ODM, Mr Lau noticed that the tariff concessions brought by CEPA have earned the Group a good competitive advantage in production costs, and with all well-equipped production lines in Switzerland, Hong Kong and mainland China, the Group has successfully led the OEM/ODM watch  market. With quality customers gained and solid growth recorded over the past few years, the Group has expanded its business to emerging markets such as the Middle East and tapped into the high-end watch market in Saudi Arabia.

In the meantime, Mr Lau strives to open up new markets. With detailed observation of changes in market trends and business acumen, he believed that e-commerce would occupy a portion of market share in the established market. In 2017, he invested in building an online shopping network – XPZ, which focuses on personalised, tailor-made watches. Target customers responded enthusiastically, and the growth of sales figures hit record-high at the beginning of the pandemic-stricken year.  

Influenced by his father, Mr Lau actively participates in social services and is dedicated to paying back to society. He has served as a member of the Hong Kong Young Industrial Council Youth Chapter since 2003 and played an active role in the Youth Executive Committee of Federation of Hong Kong Industries (Former Chairman), and the Hong Kong Watch & Clock Council (Chairman), Hong Kong Watch Manufacturers Association (Vice President) and Hong Kong Kwai Chung Rotary Club (President), etc. To promote sustainable development of the Hong Kong watch industry, Mr Lau has also participated in various tertiary institutions to share his advice and spoke for the industry. He is currently a member of the Hong Kong Trade Development Council Watch Advisory Committee, a member of the Employment Advisory Committee of the Hong Kong Baptist University, and a member of the Graduate Employment Advisory Committee of the City University of Hong Kong, a member of the “Watch and Jewelry Industry of Employees Retaining Board” of Employees Retraining Board, a member of the Watch & Clock Industry Working Committee for the Recognition of Prior Learning Mechanism of the Vocational Training Council and a member of the Watch & Clock Industry Training Advisory Committee of Qualifications framework of Education Bureau.

Mr Lau is committed to corporate social responsibility, together with the Group to participate in voluntary services including long-term partners, eg Fu Kang Association, Sunshine Children Fund, etc. Since 2012, the Group has won the plaudits of “Caring Company” and “Industry Cares”. He encourages his employees to participate in “Recognition of Prior Learning Mechanism” to have their past qualifications officially recognised. Since 2008, more than 100 employees in the Group have attained different levels of recognitions to strengthen their competitiveness in the industry. Mr Lau was awarded the "Social Caring Youth Leadership Award" in 2017, a testament to his continuous contributions.

 

Judges’ Comments:

- Ambitious for the development of watch industry

- A visionary who successfully tapped into the emerging markets

After graduated from the University of Kent UK in 2007, majoring in business administration, Mr Gary Lau immediately joined the family business – Renley Watch Group and is fully devoted to the development of the watch industry ever since. He was responsible for brand building when he first joined the Group. With his efforts, three Swiss watch brands “Buler”, “Jean d’Eve” and “Sultana”, and the local watch brand “Temporis” have been successfully promoted to overseas and Greater China Region markets in several years, comprised of more than 200 sales and distribution networks all over the world during the peak.

After graduated from the University of Kent UK in 2007, majoring in business administration, Mr Gary Lau immediately joined the family business – Renley Watch Group and is fully devoted to the development of the watch industry ever since. He was responsible for brand building when he first joined the Group. With his efforts, three Swiss watch brands “Buler”, “Jean d’Eve” and “Sultana”, and the local watch brand “Temporis” have been successfully promoted to overseas and Greater China Region markets in several years, comprised of more than 200 sales and distribution networks all over the world during the peak.

After many years of hard work, business development is in full swing. In 2015, Mr Lau was promoted to Executive Director of Renley Watch Group and its subsidiaries, and fully grasped the core mechanism of the entire group. In face of difficulties, he decisively executed corporate restructuring to improve business stability. He has also introduced the concept of smart factory to the Group, and implemented automated assembly production lines imported from Switzerland to factories in Hong Kong and mainland China, thereby reducing dependency on labour and increasing their throughput and competitive edge. Of commitment to the sustainability of family business specialising in OEM/ODM, Mr Lau noticed that the tariff concessions brought by CEPA have earned the Group a good competitive advantage in production costs, and with all well-equipped production lines in Switzerland, Hong Kong and mainland China, the Group has successfully led the OEM/ODM watch  market. With quality customers gained and solid growth recorded over the past few years, the Group has expanded its business to emerging markets such as the Middle East and tapped into the high-end watch market in Saudi Arabia.

In the meantime, Mr Lau strives to open up new markets. With detailed observation of changes in market trends and business acumen, he believed that e-commerce would occupy a portion of market share in the established market. In 2017, he invested in building an online shopping network – XPZ, which focuses on personalised, tailor-made watches. Target customers responded enthusiastically, and the growth of sales figures hit record-high at the beginning of the pandemic-stricken year.  

Influenced by his father, Mr Lau actively participates in social services and is dedicated to paying back to society. He has served as a member of the Hong Kong Young Industrial Council Youth Chapter since 2003 and played an active role in the Youth Executive Committee of Federation of Hong Kong Industries (Former Chairman), and the Hong Kong Watch & Clock Council (Chairman), Hong Kong Watch Manufacturers Association (Vice President) and Hong Kong Kwai Chung Rotary Club (President), etc. To promote sustainable development of the Hong Kong watch industry, Mr Lau has also participated in various tertiary institutions to share his advice and spoke for the industry. He is currently a member of the Hong Kong Trade Development Council Watch Advisory Committee, a member of the Employment Advisory Committee of the Hong Kong Baptist University, and a member of the Graduate Employment Advisory Committee of the City University of Hong Kong, a member of the “Watch and Jewelry Industry of Employees Retaining Board” of Employees Retraining Board, a member of the Watch & Clock Industry Working Committee for the Recognition of Prior Learning Mechanism of the Vocational Training Council and a member of the Watch & Clock Industry Training Advisory Committee of Qualifications framework of Education Bureau.

Mr Lau is committed to corporate social responsibility, together with the Group to participate in voluntary services including long-term partners, eg Fu Kang Association, Sunshine Children Fund, etc. Since 2012, the Group has won the plaudits of “Caring Company” and “Industry Cares”. He encourages his employees to participate in “Recognition of Prior Learning Mechanism” to have their past qualifications officially recognised. Since 2008, more than 100 employees in the Group have attained different levels of recognitions to strengthen their competitiveness in the industry. Mr Lau was awarded the "Social Caring Youth Leadership Award" in 2017, a testament to his continuous contributions.

 

Judges’ Comments:

- Ambitious for the development of watch industry

- A visionary who successfully tapped into the emerging markets

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YIAH 2020
Kingsley Leung

Mr Kingsley Leung

Chairman of Uni-Bio Science Group

After graduating from Imperial College and Oxford University with degrees in Biochemistry and Pharmacology, Mr Kingsley Leung started his career in various financial institutions and startup companies with a focus on healthcare-related investment and business development. This laid a strong foundation for him in building a career related to deep science, innovative business models and smart finance. Buoyed by this foundation, Mr Leung returned to his family business, Uni-Bio Science Group, in 2013 as the Head of Business Development, and kick started a new revolution for Uni-Bio Science, with a focus on forming strategic partnerships across the Group’s value chain. Examples include building a relationship with renowned industry leaders, such as China Resource in sales, Jiangsu Hansoh in R&D, and Sinopharm in manufacturing.

After graduating from Imperial College and Oxford University with degrees in Biochemistry and Pharmacology, Mr Kingsley Leung started his career in various financial institutions and startup companies with a focus on healthcare-related investment and business development. This laid a strong foundation for him in building a career related to deep science, innovative business models and smart finance. Buoyed by this foundation, Mr Leung returned to his family business, Uni-Bio Science Group, in 2013 as the Head of Business Development, and kick started a new revolution for Uni-Bio Science, with a focus on forming strategic partnerships across the Group’s value chain. Examples include building a relationship with renowned industry leaders, such as China Resource in sales, Jiangsu Hansoh in R&D, and Sinopharm in manufacturing.

 

After taking the helm as Chairman of Uni-Bio Science in 2017, Mr Leung has been dedicated to realising his vision of developing cutting-edge drugs with world-class science and technologies. Raising over RMB150M to embark on this vision, he started investing across the company value chain. On the R&D side, Mr Leung moved the Headquarters to Hong Kong Science Park, pioneered a new product development plan and steered the existing R&D platform towards a focus on new biologic formulation technology. On the manufacturing side, the Group put in place a new, state-of-the-art pre-filled sterile injection manufacturing line to support the commercialisation of two new osteoporosis and diabetes drugs. The Group has also moved the needle forward in sales & marketing by focusing more on expanding its direct sales channels, forming closer relationships with hospitals and establishing strategic partnerships with sector-specific distributors to enhance sales of core products. At the end of 2019, the Group reached a new sales milestone of over RMB200M. In addition, he conducted management reorganisation by creating a functional organisation structure with specific business units. He believes that the restructuring is necessary to conserve resources in an uncertain macroeconomic environment and allowing the company to quickly respond to different kinds of challenges ahead.

 

During his career life in Uni-Bio, Mr Leung has faced many challenges, one of which is the introduction of 4+7 centralised procurement. As a bid for the Chinese Government to contain the nation’s drug spending, a centralised procurement mechanism was introduced in 11 pilot cities where the Government awarded bulk-procurement to the drug manufacturers with lowest priced Bioequivalence-ready products. Specifically, one of the Group’s core product, Pinup®, experienced “price dumping war”. A number of competitors had slashed prices of their products to occupy as much market share as possible before new Bioequivalence-ready Voriconazole entered the market. Hence, Mr Leung made it a strategic priority to accelerate the progress of BE studies. At the same time, he led the company to enter into a national promotion deal with a leading Contract Sales Organisation within the Hematology space to regain market share to better commercialise the product. Despite the perceived price pressure, Mr  Leung has continued to optimise the company’s cost structure in order to fit into the new low pricing policy, and at the same time, focused more on the innovation and development of best-in-class biologics and niche generic products, which have a smaller chance of being included in the 4+7 programme.

 

2020 is yet another rollercoaster year. The COVID-19 outbreak has plunged the world’s economy into a full-stop, leaving a challenging environment to operate. To come up with a response plan, Mr Leung held consecutive emergency meetings with key management during Chinese New Year, a time when most provinces of China were in standstill. With the extra efforts of the Group’s own sales team, core product’s monthly turnover in May and June substantially outperformed the same period of last year, showing a strong V-curve market recovery. As an entrepreneur and financier, he understands the Group still faces many challenges before transforming to a strong, self-sufficient biopharmaceutical company, but his style is to tackle these challenges head-on. By collaborating with strategic partners, the Group will bridge various resources and pharmaceutical professionals to realise sustainable business growth.

 

Judges’ Comments:

- Willingness to take on challenges

- Displayed insight in innovation & technology sector

After graduating from Imperial College and Oxford University with degrees in Biochemistry and Pharmacology, Mr Kingsley Leung started his career in various financial institutions and startup companies with a focus on healthcare-related investment and business development. This laid a strong foundation for him in building a career related to deep science, innovative business models and smart finance. Buoyed by this foundation, Mr Leung returned to his family business, Uni-Bio Science Group, in 2013 as the Head of Business Development, and kick started a new revolution for Uni-Bio Science, with a focus on forming strategic partnerships across the Group’s value chain. Examples include building a relationship with renowned industry leaders, such as China Resource in sales, Jiangsu Hansoh in R&D, and Sinopharm in manufacturing.

After graduating from Imperial College and Oxford University with degrees in Biochemistry and Pharmacology, Mr Kingsley Leung started his career in various financial institutions and startup companies with a focus on healthcare-related investment and business development. This laid a strong foundation for him in building a career related to deep science, innovative business models and smart finance. Buoyed by this foundation, Mr Leung returned to his family business, Uni-Bio Science Group, in 2013 as the Head of Business Development, and kick started a new revolution for Uni-Bio Science, with a focus on forming strategic partnerships across the Group’s value chain. Examples include building a relationship with renowned industry leaders, such as China Resource in sales, Jiangsu Hansoh in R&D, and Sinopharm in manufacturing.

 

After taking the helm as Chairman of Uni-Bio Science in 2017, Mr Leung has been dedicated to realising his vision of developing cutting-edge drugs with world-class science and technologies. Raising over RMB150M to embark on this vision, he started investing across the company value chain. On the R&D side, Mr Leung moved the Headquarters to Hong Kong Science Park, pioneered a new product development plan and steered the existing R&D platform towards a focus on new biologic formulation technology. On the manufacturing side, the Group put in place a new, state-of-the-art pre-filled sterile injection manufacturing line to support the commercialisation of two new osteoporosis and diabetes drugs. The Group has also moved the needle forward in sales & marketing by focusing more on expanding its direct sales channels, forming closer relationships with hospitals and establishing strategic partnerships with sector-specific distributors to enhance sales of core products. At the end of 2019, the Group reached a new sales milestone of over RMB200M. In addition, he conducted management reorganisation by creating a functional organisation structure with specific business units. He believes that the restructuring is necessary to conserve resources in an uncertain macroeconomic environment and allowing the company to quickly respond to different kinds of challenges ahead.

 

During his career life in Uni-Bio, Mr Leung has faced many challenges, one of which is the introduction of 4+7 centralised procurement. As a bid for the Chinese Government to contain the nation’s drug spending, a centralised procurement mechanism was introduced in 11 pilot cities where the Government awarded bulk-procurement to the drug manufacturers with lowest priced Bioequivalence-ready products. Specifically, one of the Group’s core product, Pinup®, experienced “price dumping war”. A number of competitors had slashed prices of their products to occupy as much market share as possible before new Bioequivalence-ready Voriconazole entered the market. Hence, Mr Leung made it a strategic priority to accelerate the progress of BE studies. At the same time, he led the company to enter into a national promotion deal with a leading Contract Sales Organisation within the Hematology space to regain market share to better commercialise the product. Despite the perceived price pressure, Mr  Leung has continued to optimise the company’s cost structure in order to fit into the new low pricing policy, and at the same time, focused more on the innovation and development of best-in-class biologics and niche generic products, which have a smaller chance of being included in the 4+7 programme.

 

2020 is yet another rollercoaster year. The COVID-19 outbreak has plunged the world’s economy into a full-stop, leaving a challenging environment to operate. To come up with a response plan, Mr Leung held consecutive emergency meetings with key management during Chinese New Year, a time when most provinces of China were in standstill. With the extra efforts of the Group’s own sales team, core product’s monthly turnover in May and June substantially outperformed the same period of last year, showing a strong V-curve market recovery. As an entrepreneur and financier, he understands the Group still faces many challenges before transforming to a strong, self-sufficient biopharmaceutical company, but his style is to tackle these challenges head-on. By collaborating with strategic partners, the Group will bridge various resources and pharmaceutical professionals to realise sustainable business growth.

 

Judges’ Comments:

- Willingness to take on challenges

- Displayed insight in innovation & technology sector

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YIAH 2020
Alfred Ng

Dr Ng Man-cheuk, Alfred

Executive Director and CTO, CEO of Electronics Manufacturing Services (EMS) Division of Suga International Holdings Limited

Dr Alfred Ng holds a Bachelor of Engineering (1st Hon.) degree in Computing from Imperial College London, and Master of Science (S.M.) and Doctor of Philosophy (Ph.D.) degrees in Electrical Engineering and Computer Science from Massachusetts Institute of Technology. Prior to joining Suga International Holdings Limited (SUGA) in 2014, Dr Ng worked at Qualcomm’s New Jersey Research Center. SUGA is a leading manufacturer and solutions provider of electronic products, with a focus on Internet of Things (IoT), assets tracking, management and application products, professional audio equipment, digital A/V products, Wi-Fi and RF products, telecommunications products and smart cards, and NFC-enabled products. Founded in 1991, SUGA has been listed on the Hong Kong Stock Exchange (HKEX: 912) since September 2002.

Dr Alfred Ng holds a Bachelor of Engineering (1st Hon.) degree in Computing from Imperial College London, and Master of Science (S.M.) and Doctor of Philosophy (Ph.D.) degrees in Electrical Engineering and Computer Science from Massachusetts Institute of Technology. Prior to joining Suga International Holdings Limited (SUGA) in 2014, Dr Ng worked at Qualcomm’s New Jersey Research Center. SUGA is a leading manufacturer and solutions provider of electronic products, with a focus on Internet of Things (IoT), assets tracking, management and application products, professional audio equipment, digital A/V products, Wi-Fi and RF products, telecommunications products and smart cards, and NFC-enabled products. Founded in 1991, SUGA has been listed on the Hong Kong Stock Exchange (HKEX: 912) since September 2002.

 

Consistent with his pivotal role in SUGA, Dr Ng spearheaded the adoption of SAP, enterprise resource planning (ERP) and manufacturing execution systems (MES) to effectively manage manufacturing processes at the Group’s Dongguan factory. Furthermore, his work enabled the end-to-end tracking of orders and application of a mass customisation planning mode, thus enhancing production efficiency and inventory management. In 2018, the Group established a highly automated plant in Vietnam to capitalise on the “One Belt One Road” initiative, as well as benefit from the country’s aggressive development. A new factory located in Bac Ninh, Vietnam, will be opened following the same high-automation approach.

 

On the research front, Dr Ng founded an R&D team to focus on AI, IoT and mobile applications, hence the reason why SUGA is able to consistently develop advanced, high-standard products. The innovative capabilities can also bring new business opportunities, as reflected by revenue that has increased at a CAGR of 6.2% between 2014 and 2019. For the same reason, SUGA has been awarded numerous patents, registered many trademarks globally and earned numerous awards, such as Certificate of Merit at Asia Smartphone Apps Contest, and Outstanding Solution/Product at Asian Electronics Forum.

 

In recognition of Dr Ng’s stature, he was invited to speak at the 2019 IEEE 5th World Forum on IoT, during which he offered insights into recent trends and discussed how emerging technologies can help promote IoT applications in the management of physical assets, agriculture, Industrial IoT, etc. Dr Ng has steadfastly sought opportunities to diversify the Group’s business to create value for shareholders. Leveraging the solid foundation of the SUGA electronics business, he led the Group’s entry into the burgeoning pet products market in Hong Kong and mainland China, while concurrently creating an innovative ecosystem for advancing pets’ health.

 

Dr Ng also has collaborated with local research centers and universities (PolyU, CityU, HKU, CUHK) on various projects, extending to the establishment of the SUGA Research Laboratory for Sustainable Urban Green Agriculture at The Hong Kong Polytechnic University, to research and develop green agriculture. Dr Ng has also been appointed as Director of The Hong Kong Applied Science and Technology Research Institute in October 2020. He will continue to work with other directors to enhance Hong Kong's competitiveness in technology-based industries through innovative technologies and applied sciences. He has lined up investment opportunities for SUGA while at the same time supported local and overseas startups, such as Growgreen, Mobilogix, Concept Infinity and Dott. Aside from financial support, Dr Ng sits on the board of the aforementioned companies, offering valuable business insights and input.

                                                                                        

As a man of passion, foresight and entrepreneurial vigor, and who also benefits from Silicon Valley experience, Dr Ng possesses the best qualities of an industrialist, irrespective of age. He has consequently been able to inject new energy into SUGA and steer the Group towards new business frontiers, all the while contributing to the advancement of the industry and the community.

 

Judges’ Comments:

-Entrepreneurial

-Commits to uplifting the technology level of the Company

-Strives to expand business to enhance company’s competitiveness

Dr Alfred Ng holds a Bachelor of Engineering (1st Hon.) degree in Computing from Imperial College London, and Master of Science (S.M.) and Doctor of Philosophy (Ph.D.) degrees in Electrical Engineering and Computer Science from Massachusetts Institute of Technology. Prior to joining Suga International Holdings Limited (SUGA) in 2014, Dr Ng worked at Qualcomm’s New Jersey Research Center. SUGA is a leading manufacturer and solutions provider of electronic products, with a focus on Internet of Things (IoT), assets tracking, management and application products, professional audio equipment, digital A/V products, Wi-Fi and RF products, telecommunications products and smart cards, and NFC-enabled products. Founded in 1991, SUGA has been listed on the Hong Kong Stock Exchange (HKEX: 912) since September 2002.

Dr Alfred Ng holds a Bachelor of Engineering (1st Hon.) degree in Computing from Imperial College London, and Master of Science (S.M.) and Doctor of Philosophy (Ph.D.) degrees in Electrical Engineering and Computer Science from Massachusetts Institute of Technology. Prior to joining Suga International Holdings Limited (SUGA) in 2014, Dr Ng worked at Qualcomm’s New Jersey Research Center. SUGA is a leading manufacturer and solutions provider of electronic products, with a focus on Internet of Things (IoT), assets tracking, management and application products, professional audio equipment, digital A/V products, Wi-Fi and RF products, telecommunications products and smart cards, and NFC-enabled products. Founded in 1991, SUGA has been listed on the Hong Kong Stock Exchange (HKEX: 912) since September 2002.

 

Consistent with his pivotal role in SUGA, Dr Ng spearheaded the adoption of SAP, enterprise resource planning (ERP) and manufacturing execution systems (MES) to effectively manage manufacturing processes at the Group’s Dongguan factory. Furthermore, his work enabled the end-to-end tracking of orders and application of a mass customisation planning mode, thus enhancing production efficiency and inventory management. In 2018, the Group established a highly automated plant in Vietnam to capitalise on the “One Belt One Road” initiative, as well as benefit from the country’s aggressive development. A new factory located in Bac Ninh, Vietnam, will be opened following the same high-automation approach.

 

On the research front, Dr Ng founded an R&D team to focus on AI, IoT and mobile applications, hence the reason why SUGA is able to consistently develop advanced, high-standard products. The innovative capabilities can also bring new business opportunities, as reflected by revenue that has increased at a CAGR of 6.2% between 2014 and 2019. For the same reason, SUGA has been awarded numerous patents, registered many trademarks globally and earned numerous awards, such as Certificate of Merit at Asia Smartphone Apps Contest, and Outstanding Solution/Product at Asian Electronics Forum.

 

In recognition of Dr Ng’s stature, he was invited to speak at the 2019 IEEE 5th World Forum on IoT, during which he offered insights into recent trends and discussed how emerging technologies can help promote IoT applications in the management of physical assets, agriculture, Industrial IoT, etc. Dr Ng has steadfastly sought opportunities to diversify the Group’s business to create value for shareholders. Leveraging the solid foundation of the SUGA electronics business, he led the Group’s entry into the burgeoning pet products market in Hong Kong and mainland China, while concurrently creating an innovative ecosystem for advancing pets’ health.

 

Dr Ng also has collaborated with local research centers and universities (PolyU, CityU, HKU, CUHK) on various projects, extending to the establishment of the SUGA Research Laboratory for Sustainable Urban Green Agriculture at The Hong Kong Polytechnic University, to research and develop green agriculture. Dr Ng has also been appointed as Director of The Hong Kong Applied Science and Technology Research Institute in October 2020. He will continue to work with other directors to enhance Hong Kong's competitiveness in technology-based industries through innovative technologies and applied sciences. He has lined up investment opportunities for SUGA while at the same time supported local and overseas startups, such as Growgreen, Mobilogix, Concept Infinity and Dott. Aside from financial support, Dr Ng sits on the board of the aforementioned companies, offering valuable business insights and input.

                                                                                        

As a man of passion, foresight and entrepreneurial vigor, and who also benefits from Silicon Valley experience, Dr Ng possesses the best qualities of an industrialist, irrespective of age. He has consequently been able to inject new energy into SUGA and steer the Group towards new business frontiers, all the while contributing to the advancement of the industry and the community.

 

Judges’ Comments:

-Entrepreneurial

-Commits to uplifting the technology level of the Company

-Strives to expand business to enhance company’s competitiveness

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Less

YIAH 2020
Terry Ting_s

Mr Ting Ho-hang, Terry

Managing Director of Wilson Garment Accessories (International) Limited

Mr Terry Ting has joined the company since after obtaining a bachelor’s degree in 2004. Currently, he is the Managing Director of Wilson Group. Wilson Group was founded in 1981 in Hong Kong. With nearly 40 years of expertise in manufacturing garment tapes and cords, it has become one of the most well-established trim manufacturers in the world. Its clients include top apparel brands such as Nike, adidas, Under Armour, Puma, Ralph Lauren, Gap Inc., Anta, LiNing, and so on. Overall, Wilson Group’s reputation was built on these four core values: Safety in Production, Excellence in Products, Eco-Friendly Production, and Social Contribution.  

Mr Terry Ting has joined the company since after obtaining a bachelor’s degree in 2004. Currently, he is the Managing Director of Wilson Group. Wilson Group was founded in 1981 in Hong Kong. With nearly 40 years of expertise in manufacturing garment tapes and cords, it has become one of the most well-established trim manufacturers in the world. Its clients include top apparel brands such as Nike, adidas, Under Armour, Puma, Ralph Lauren, Gap Inc., Anta, LiNing, and so on. Overall, Wilson Group’s reputation was built on these four core values: Safety in Production, Excellence in Products, Eco-Friendly Production, and Social Contribution.  

 

In 2006, Mr Ting set up a sales office in New York and successfully built a strong local sales team which has contributed over 500% sales growth in these years. Acknowledging that the previous clientele was mainly from the US market, he also expanded the customer base to include clients from Europe and China, which led Wilson Group to successfully become the core suppliers of a range of well-known brands.  

 

As the Guangzhou manufacturing base was nearly saturated, another manufacturing plant was built in Jiang Xi in 2016. Mr Ting focused on the following three things when designing the new factory in Jiang Xi: 1) Eco-Friendly Production, 2) Latest Machineries to Enhance Product Innovation, and 3) Enhancement in Managing Efficiency. For instance, the advanced wastewater treatment plant was built to purify dyed wastewater. The discharged standard is granted with Grade I according to China Environmental Protection Bureau. Different technologies were also used to save electricity and recycle wastewater. Eco-friendly products that are made from recycling materials are also available, of which certificates issued by the Recycled Claim Standard (RCS) and the Better Cotton Initiative (BCI) had been obtained. He also stressed on product innovation and some of which were patented. In addition, he enhanced management efficiency by integrating the MES system to access real-time production management and improve data transparency.  

 

With all these new measures and technologies being integrated into Jiang Xi factory, Wilson Group has achieved an average of 16.2% growth in the past three years. In 2018, Mr Ting decided to build another manufacturing complex in Vietnam, which will be in full operation by end of 2020. As Wilson Group has advanced into a multi-national manufacturing business model, it has gained a competitive edge over some other companies. He also recently reviewed the existing business model and imported the latest ERP system that can further enhance management efficiency.

 

In February 2020, when mask supply was scarce in Hong Kong during the COVID-19 outbreak, Mr Ting and his team decided to set up a mask factory in Hong Kong. Within a short period of time, two mask production lines were launched with ISO14644 and ASTM F2100 Level 3 certificates obtained. Wilson Tech (International) Ltd., the affiliate of Wilson Group, feels honoured that one of the production lines is qualified to supply masks for the HKSAR Government under “Local Mask Production Subsidy Scheme”.   

 

Mr Ting is committed to carrying out social responsibilities through protecting our environments, advocating dialogues between business sectors, and supporting the underprivileged groups. In recognition of Wilson Group’s overall awareness of eco-responsible measures and energy-saving production, Wilson Group has been awarded the ISO14001 certification and the “BOCHK Corporate Environmental Leadership Award” for their relentless effort in environmental protection. In order to nurture dialogues within garment industry as well as across business sectors, he has joined the Hong Kong Association of Textile Bleachers, Dyers, and Printers and Finishers and has been named as the Vice Chairman since 2017. He is also one of the founding members of Hong Kong and China Institute of Chartered Economists and Entrepreneurs.  

 

Mr Ting is also of full commitment to providing support for the underprivileged groups. Wilson Group has been rendering support to different charity associations in Hong Kong and China for many years. Wilson Group has also been awarded “Caring Company” from 2016 to 2019, and has proactively participated in poverty alleviation, including the donation of building two primary schools in China. Under the leadership of Mr Ting, social responsibility is and will continue to be an integral part of Wilson Group.  

 

Judges’ Comments:

-Outstanding leadership and business acumen

-Successful in new business development

Mr Terry Ting has joined the company since after obtaining a bachelor’s degree in 2004. Currently, he is the Managing Director of Wilson Group. Wilson Group was founded in 1981 in Hong Kong. With nearly 40 years of expertise in manufacturing garment tapes and cords, it has become one of the most well-established trim manufacturers in the world. Its clients include top apparel brands such as Nike, adidas, Under Armour, Puma, Ralph Lauren, Gap Inc., Anta, LiNing, and so on. Overall, Wilson Group’s reputation was built on these four core values: Safety in Production, Excellence in Products, Eco-Friendly Production, and Social Contribution.  

Mr Terry Ting has joined the company since after obtaining a bachelor’s degree in 2004. Currently, he is the Managing Director of Wilson Group. Wilson Group was founded in 1981 in Hong Kong. With nearly 40 years of expertise in manufacturing garment tapes and cords, it has become one of the most well-established trim manufacturers in the world. Its clients include top apparel brands such as Nike, adidas, Under Armour, Puma, Ralph Lauren, Gap Inc., Anta, LiNing, and so on. Overall, Wilson Group’s reputation was built on these four core values: Safety in Production, Excellence in Products, Eco-Friendly Production, and Social Contribution.  

 

In 2006, Mr Ting set up a sales office in New York and successfully built a strong local sales team which has contributed over 500% sales growth in these years. Acknowledging that the previous clientele was mainly from the US market, he also expanded the customer base to include clients from Europe and China, which led Wilson Group to successfully become the core suppliers of a range of well-known brands.  

 

As the Guangzhou manufacturing base was nearly saturated, another manufacturing plant was built in Jiang Xi in 2016. Mr Ting focused on the following three things when designing the new factory in Jiang Xi: 1) Eco-Friendly Production, 2) Latest Machineries to Enhance Product Innovation, and 3) Enhancement in Managing Efficiency. For instance, the advanced wastewater treatment plant was built to purify dyed wastewater. The discharged standard is granted with Grade I according to China Environmental Protection Bureau. Different technologies were also used to save electricity and recycle wastewater. Eco-friendly products that are made from recycling materials are also available, of which certificates issued by the Recycled Claim Standard (RCS) and the Better Cotton Initiative (BCI) had been obtained. He also stressed on product innovation and some of which were patented. In addition, he enhanced management efficiency by integrating the MES system to access real-time production management and improve data transparency.  

 

With all these new measures and technologies being integrated into Jiang Xi factory, Wilson Group has achieved an average of 16.2% growth in the past three years. In 2018, Mr Ting decided to build another manufacturing complex in Vietnam, which will be in full operation by end of 2020. As Wilson Group has advanced into a multi-national manufacturing business model, it has gained a competitive edge over some other companies. He also recently reviewed the existing business model and imported the latest ERP system that can further enhance management efficiency.

 

In February 2020, when mask supply was scarce in Hong Kong during the COVID-19 outbreak, Mr Ting and his team decided to set up a mask factory in Hong Kong. Within a short period of time, two mask production lines were launched with ISO14644 and ASTM F2100 Level 3 certificates obtained. Wilson Tech (International) Ltd., the affiliate of Wilson Group, feels honoured that one of the production lines is qualified to supply masks for the HKSAR Government under “Local Mask Production Subsidy Scheme”.   

 

Mr Ting is committed to carrying out social responsibilities through protecting our environments, advocating dialogues between business sectors, and supporting the underprivileged groups. In recognition of Wilson Group’s overall awareness of eco-responsible measures and energy-saving production, Wilson Group has been awarded the ISO14001 certification and the “BOCHK Corporate Environmental Leadership Award” for their relentless effort in environmental protection. In order to nurture dialogues within garment industry as well as across business sectors, he has joined the Hong Kong Association of Textile Bleachers, Dyers, and Printers and Finishers and has been named as the Vice Chairman since 2017. He is also one of the founding members of Hong Kong and China Institute of Chartered Economists and Entrepreneurs.  

 

Mr Ting is also of full commitment to providing support for the underprivileged groups. Wilson Group has been rendering support to different charity associations in Hong Kong and China for many years. Wilson Group has also been awarded “Caring Company” from 2016 to 2019, and has proactively participated in poverty alleviation, including the donation of building two primary schools in China. Under the leadership of Mr Ting, social responsibility is and will continue to be an integral part of Wilson Group.  

 

Judges’ Comments:

-Outstanding leadership and business acumen

-Successful in new business development

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YIAH 2020
Kelvin Wong_s

Mr Wong Kai-hung, Kelvin

Chairman and Executive Director of ST International Holdings Company Limited

Mr Kelvin Wong graduated with a Bachelor of Business Administration from the University of Southern California, United States. Upon returning to Hong Kong, he immediately embarked on a career in textile industry. He took up the responsibility of General Manager in a wholly-owned subsidiary of his family business, focusing on the frontline management of subsidiaries and their factories with businesses spanning from Hong Kong to Mainland China.

Mr Kelvin Wong graduated with a Bachelor of Business Administration from the University of Southern California, United States. Upon returning to Hong Kong, he immediately embarked on a career in textile industry. He took up the responsibility of General Manager in a wholly-owned subsidiary of his family business, focusing on the frontline management of subsidiaries and their factories with businesses spanning from Hong Kong to Mainland China.

 

Through these hands-on experiences, he felt deeply that if the textile industry in Hong Kong was to continue its old way of operation, chances were slim and the industry would become old-fashioned in no time.  He sensed that there was an urgent need to revolutionise the traditional operation mode within the textile industry in Hong Kong in order to embrace the new era of industrialisation. His vision led him to strengthen management of the business, and digitised the operation of the traditional enterprise by implementing Enterprise Resource Planning (ERP) to revamp legacy ordering, manufacturing and inventory management processes. The digital transformation has enhanced production throughput and operational efficiency. More importantly, Mr Wong deployed resources into setting up a Research and Development Department which expanded their product range and gained a better market position in the industry. As Mr Wong took change of the management, efficiency and the scale of the business improved substantially, the number of employees increased from 3,000 to 10,000.

 

Constantly looking for a breakthrough in the textile industry, Mr Wong noticed the potential and opportunities for the high-end functional fabric market in mainland China. He organised a new team to establish Smart Team Textiles Technology Limited (Smart Team Group) in 2011 to introduce high-end functional fabrics to premium customers in the mainland China. The company also focuses on manufacturing and developing new types of fabrics such as those with heat-retaining, skin-care, anti-bacterial, quick-dry and humidity control functions. The company successfully obtained 15 patents for its functional fabrics and production methods, and the Group has become one of the pioneering enterprises possessing the technical know-how of functional knitted fabrics. Smart Team Group possesses a well-established research and development team and a quality control system with pioneering status in functional knitted fabrics technology. The Group’s major company was therefore invited to participate in drafting the PRC national industry standard on “Thermal & Moisture Controlled Functional Knitted Fabric for Innerwear”. The company was jointly recognised by the China National Textile and Apparel Council, China Textile Information Centre and China Textiles Development Centre as the “Fabric China Pioneer Plant” for its leadership in the development of the industry, innovation of its products as well as its pursuit of quality perfection. The Group’s major subsidiary has also been awarded multiple accolades between 2011 and 2016 in recognition of its exceptional contribution to the textile industry. Since 2016, it has attained High and New Technology Enterprise certification in Guangdong Province.

 

Under Mr Wong’s leadership and perseverance in pursuing technological innovation and research and development for products, Smart Team Group is widely recognised by the market and its clientele. Over the years, Smart Team Group has grown into one of the leading functional knitted fabric suppliers in mainland China.  The parent company of Smart Team Group, ST International Holdings Company Ltd., was successfully listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong (SEHK: 8521) in 2018. As the Chairman of the listed company, Mr Wong has led ST International Holdings Company Limited to leverage on the advantage of the listing platform to develop premium-quality products towards building a fast-growing potential textile technology enterprise.

 

Mr Wong understood environmental protection and emission reduction is the major international trend. He is well aware of the vital impact it has to the sustainability of future generations. He instructed the Group to conduct regular supplier assessments and monitor their performance in regard to the environmental aspect.  Moreover, the Company has readily established a set of environmental policies and a management system to govern its daily operations. The environmental management system of the company promoted by Mr Wong has been certified by the international standard ISO 14001. He also recognised the importance of employee safety and health in working environments, and established a management system respective to the issue, which has been certified by the international standard OHSAS18001.

 

Amid different challenges and opportunities faced by textile industry, Mr Wong consistently promotes smart production and management to achieve higher efficiency and lower emission to foster sustainability. With strong insights into the business environment and the broader economic development in the region, Mr Wong is hoping the Group will embark on the development of “Reindustrialisation” in the near future with infrastructural, technical and talent support. Mr Wong envisions to revitalise and drive Hong Kong’s textile industry towards high-end technology, creating job opportunities and providing economic benefits for the industry and society as a whole.

 

Judges’ Comments:

-Strives to develop products with new materials

-Believes in promoting sustainable development

Mr Kelvin Wong graduated with a Bachelor of Business Administration from the University of Southern California, United States. Upon returning to Hong Kong, he immediately embarked on a career in textile industry. He took up the responsibility of General Manager in a wholly-owned subsidiary of his family business, focusing on the frontline management of subsidiaries and their factories with businesses spanning from Hong Kong to Mainland China.

Mr Kelvin Wong graduated with a Bachelor of Business Administration from the University of Southern California, United States. Upon returning to Hong Kong, he immediately embarked on a career in textile industry. He took up the responsibility of General Manager in a wholly-owned subsidiary of his family business, focusing on the frontline management of subsidiaries and their factories with businesses spanning from Hong Kong to Mainland China.

 

Through these hands-on experiences, he felt deeply that if the textile industry in Hong Kong was to continue its old way of operation, chances were slim and the industry would become old-fashioned in no time.  He sensed that there was an urgent need to revolutionise the traditional operation mode within the textile industry in Hong Kong in order to embrace the new era of industrialisation. His vision led him to strengthen management of the business, and digitised the operation of the traditional enterprise by implementing Enterprise Resource Planning (ERP) to revamp legacy ordering, manufacturing and inventory management processes. The digital transformation has enhanced production throughput and operational efficiency. More importantly, Mr Wong deployed resources into setting up a Research and Development Department which expanded their product range and gained a better market position in the industry. As Mr Wong took change of the management, efficiency and the scale of the business improved substantially, the number of employees increased from 3,000 to 10,000.

 

Constantly looking for a breakthrough in the textile industry, Mr Wong noticed the potential and opportunities for the high-end functional fabric market in mainland China. He organised a new team to establish Smart Team Textiles Technology Limited (Smart Team Group) in 2011 to introduce high-end functional fabrics to premium customers in the mainland China. The company also focuses on manufacturing and developing new types of fabrics such as those with heat-retaining, skin-care, anti-bacterial, quick-dry and humidity control functions. The company successfully obtained 15 patents for its functional fabrics and production methods, and the Group has become one of the pioneering enterprises possessing the technical know-how of functional knitted fabrics. Smart Team Group possesses a well-established research and development team and a quality control system with pioneering status in functional knitted fabrics technology. The Group’s major company was therefore invited to participate in drafting the PRC national industry standard on “Thermal & Moisture Controlled Functional Knitted Fabric for Innerwear”. The company was jointly recognised by the China National Textile and Apparel Council, China Textile Information Centre and China Textiles Development Centre as the “Fabric China Pioneer Plant” for its leadership in the development of the industry, innovation of its products as well as its pursuit of quality perfection. The Group’s major subsidiary has also been awarded multiple accolades between 2011 and 2016 in recognition of its exceptional contribution to the textile industry. Since 2016, it has attained High and New Technology Enterprise certification in Guangdong Province.

 

Under Mr Wong’s leadership and perseverance in pursuing technological innovation and research and development for products, Smart Team Group is widely recognised by the market and its clientele. Over the years, Smart Team Group has grown into one of the leading functional knitted fabric suppliers in mainland China.  The parent company of Smart Team Group, ST International Holdings Company Ltd., was successfully listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong (SEHK: 8521) in 2018. As the Chairman of the listed company, Mr Wong has led ST International Holdings Company Limited to leverage on the advantage of the listing platform to develop premium-quality products towards building a fast-growing potential textile technology enterprise.

 

Mr Wong understood environmental protection and emission reduction is the major international trend. He is well aware of the vital impact it has to the sustainability of future generations. He instructed the Group to conduct regular supplier assessments and monitor their performance in regard to the environmental aspect.  Moreover, the Company has readily established a set of environmental policies and a management system to govern its daily operations. The environmental management system of the company promoted by Mr Wong has been certified by the international standard ISO 14001. He also recognised the importance of employee safety and health in working environments, and established a management system respective to the issue, which has been certified by the international standard OHSAS18001.

 

Amid different challenges and opportunities faced by textile industry, Mr Wong consistently promotes smart production and management to achieve higher efficiency and lower emission to foster sustainability. With strong insights into the business environment and the broader economic development in the region, Mr Wong is hoping the Group will embark on the development of “Reindustrialisation” in the near future with infrastructural, technical and talent support. Mr Wong envisions to revitalise and drive Hong Kong’s textile industry towards high-end technology, creating job opportunities and providing economic benefits for the industry and society as a whole.

 

Judges’ Comments:

-Strives to develop products with new materials

-Believes in promoting sustainable development

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YIAH 2020
Wayne Yu

Mr Yu Kwok-wai, Wayne

Executive Director of Town Ray Holdings Limited

Mr Wayne Yu joined the Group since graduating from university, acting as the Executive Director of Town Ray Holdings Limited (Town Ray). Mr Yu is responsible for the Group’s business strategy formulation, product development planning, marketing and overall operation management.  Town Ray (a listed company on the main board of Hong Kong Stock Exchange, stock code: 1692) now positions itself as an advanced product developer and supplier for a broad range of electrothermic household appliances. It provides one-stop overall solution for product development and manufacturing for worldwide brands.

Mr Wayne Yu joined the Group since graduating from university, acting as the Executive Director of Town Ray Holdings Limited (Town Ray). Mr Yu is responsible for the Group’s business strategy formulation, product development planning, marketing and overall operation management.  Town Ray (a listed company on the main board of Hong Kong Stock Exchange, stock code: 1692) now positions itself as an advanced product developer and supplier for a broad range of electrothermic household appliances. It provides one-stop overall solution for product development and manufacturing for worldwide brands.

 

Mr Yu realises the importance of mastering the core technology to product industry. He discovered the potential of the Group’s core technology on steam iron namely “Thermodynamics“ and began to advance and innovate this technology with his team. Through his degree in Philosophy he gained and developed in-depth logical and creative thinking skills which enabled him to plan and define development direction and market positioning more thoroughly. Mr Yu also leads the team in cross-departmental research and development for innovation and infusing new elements in core technologies. At present, the Group has diversified product technology patents. Besides improving the functions and performance of the Group’s garment care products, he also expanded the Group’s product categories including but not limited to cooking appliances, coffee machines, baby food maker and household cleaning appliances. The Group has a higher market position in the diversified product industry.

 

To advance his knowledge and skills of coffee brewing, Mr Yu went on to study, passed and obtained a professional barista qualification. With this learning, he incorporated his coffee theory with scientific research and alongside his marketing expertise, he worked with his team to develop a cost effective and outstanding, flawless coffee machine which enjoyed great recognition by customers and in turn led to the Group’s success in leading the market.

 

As a person with great future vision and through his ongoing learnings in different areas, it has come to his attention that there is a need to develop and open new potential markets, out of the comfort zone whilst also equally important in maintaining the already established markets. As such, since seventeen (17) years ago, Mr Yu visited and opened a number of potential markets, such as Eastern Europe, South America and the Middle East. By applying his knowledge gained from his master’s degree in Psychology, he was able to further develop new products to satisfy different customer needs in different cultures. Some of these new customers have today became important strategic partners of the Group, expanding the Group’s international market share.

 

Having developed the Group’s core technology, Mr Yu strategically transformed the OEM business to become an advance product developer, industrial designer and manufacturer of its own ODM products. The Group now has its own Research and Development (R&D) capability specialising in mid-to-high end products with diversified technical patents and products. He overcame all the difficulties and led the Group to become a listed company on the main board of the Hong Kong Stock Exchange in 2019.

 

Mr Yu has been actively promoting the development of the local industry. In order to support the Group’s future development and Hong Kong government’s direction on developing innovative technology, he opened a R&D center based in Hong Kong. This center employed a group of local R&D professionals with the hope of injecting motivation and encouraging innovation. It also cultivates the new generation of Hong Kong and promotes the rejuvenation of Hong Kong's industry.

 

Mr Yu will continue in leading the Group in its development, committing to upgrade production facilities, maximising the use of ERP information technology, optimising automation and intelligence in production, developing new core technologies and expanding customer base for sustainable long-term development of the Group. He will also continue to promote the development and rejuvenation of Hong Kong’s industries.  Upholding the principle of sustainable development, he will develop products that can improve people's lives, carry forward the spirit of the new generation of intellectual "industrialist" in which product R&D and intelligent manufacturing are the essence.

 

Judges’ Comments:

-Visionary

-Contributes to business diversification

-Committed to advancing industrial development and nurturing the younger generation

Mr Wayne Yu joined the Group since graduating from university, acting as the Executive Director of Town Ray Holdings Limited (Town Ray). Mr Yu is responsible for the Group’s business strategy formulation, product development planning, marketing and overall operation management.  Town Ray (a listed company on the main board of Hong Kong Stock Exchange, stock code: 1692) now positions itself as an advanced product developer and supplier for a broad range of electrothermic household appliances. It provides one-stop overall solution for product development and manufacturing for worldwide brands.

Mr Wayne Yu joined the Group since graduating from university, acting as the Executive Director of Town Ray Holdings Limited (Town Ray). Mr Yu is responsible for the Group’s business strategy formulation, product development planning, marketing and overall operation management.  Town Ray (a listed company on the main board of Hong Kong Stock Exchange, stock code: 1692) now positions itself as an advanced product developer and supplier for a broad range of electrothermic household appliances. It provides one-stop overall solution for product development and manufacturing for worldwide brands.

 

Mr Yu realises the importance of mastering the core technology to product industry. He discovered the potential of the Group’s core technology on steam iron namely “Thermodynamics“ and began to advance and innovate this technology with his team. Through his degree in Philosophy he gained and developed in-depth logical and creative thinking skills which enabled him to plan and define development direction and market positioning more thoroughly. Mr Yu also leads the team in cross-departmental research and development for innovation and infusing new elements in core technologies. At present, the Group has diversified product technology patents. Besides improving the functions and performance of the Group’s garment care products, he also expanded the Group’s product categories including but not limited to cooking appliances, coffee machines, baby food maker and household cleaning appliances. The Group has a higher market position in the diversified product industry.

 

To advance his knowledge and skills of coffee brewing, Mr Yu went on to study, passed and obtained a professional barista qualification. With this learning, he incorporated his coffee theory with scientific research and alongside his marketing expertise, he worked with his team to develop a cost effective and outstanding, flawless coffee machine which enjoyed great recognition by customers and in turn led to the Group’s success in leading the market.

 

As a person with great future vision and through his ongoing learnings in different areas, it has come to his attention that there is a need to develop and open new potential markets, out of the comfort zone whilst also equally important in maintaining the already established markets. As such, since seventeen (17) years ago, Mr Yu visited and opened a number of potential markets, such as Eastern Europe, South America and the Middle East. By applying his knowledge gained from his master’s degree in Psychology, he was able to further develop new products to satisfy different customer needs in different cultures. Some of these new customers have today became important strategic partners of the Group, expanding the Group’s international market share.

 

Having developed the Group’s core technology, Mr Yu strategically transformed the OEM business to become an advance product developer, industrial designer and manufacturer of its own ODM products. The Group now has its own Research and Development (R&D) capability specialising in mid-to-high end products with diversified technical patents and products. He overcame all the difficulties and led the Group to become a listed company on the main board of the Hong Kong Stock Exchange in 2019.

 

Mr Yu has been actively promoting the development of the local industry. In order to support the Group’s future development and Hong Kong government’s direction on developing innovative technology, he opened a R&D center based in Hong Kong. This center employed a group of local R&D professionals with the hope of injecting motivation and encouraging innovation. It also cultivates the new generation of Hong Kong and promotes the rejuvenation of Hong Kong's industry.

 

Mr Yu will continue in leading the Group in its development, committing to upgrade production facilities, maximising the use of ERP information technology, optimising automation and intelligence in production, developing new core technologies and expanding customer base for sustainable long-term development of the Group. He will also continue to promote the development and rejuvenation of Hong Kong’s industries.  Upholding the principle of sustainable development, he will develop products that can improve people's lives, carry forward the spirit of the new generation of intellectual "industrialist" in which product R&D and intelligent manufacturing are the essence.

 

Judges’ Comments:

-Visionary

-Contributes to business diversification

-Committed to advancing industrial development and nurturing the younger generation

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