Executive Directors
Independent Non-Executive Directors
CHOW Hiu Tung
LAY Chhun Hay
GAL-ERDENE Enkhbayar
Senior Management
Company Secretary
EXECUTIVE DIRECTORS
ZHU Zhangjin ( 朱張金 ), aged 60, is the founder of the Group and the chairman of the Company. Mr. Zhu is also an executive director and the chief executive officer of the Company. Before founding the Group in 1995, Mr. Zhu was involved in several business ventures in the areas of textile, leather processing, garment, trading, etc. With over 38 years of experience in the leather manufacturing industry, Mr. Zhu has extensive knowledge in the upholstered furniture industry in the People’s Republic of China (the “PRC”) and has been a successful entrepreneur in leather manufacturing related businesses. Mr. Zhu is also the vice chairman of the China Leather Association. In recognition of his contribution to promote the development of the leather manufacturing industry, Mr. Zhu was awarded the “Top Ten Businessmen in Zhejiang” in 2004. In 2006, Mr. Zhu was one of the 10 recipients of the prestigious “National May 4th Youth Award （ 全國五四青年獎章 ）”. In 2007, Mr. Zhu received the National May Day Award（ 全國五一勞動獎章 ）.
YIU Hoi Yan ( 姚凱欣 ), aged 53, joined the Company as an accountant in April 2004 and was later promoted as the executive director, company secretary and finance manager of the Company. She has over 30 years of experience in auditing and accounting. She is a member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants. Ms. Yiu obtained a Bachelor of Arts (Honors) in Accountancy from the City University of Hong Kong in 1995.
INDEPENDENT NON-EXECUTIVE DIRECTORS
CHOW Hiu Tung ( 周 曉 東 ), aged 54, joined the Company as an independent non-executive Director on December 18, 2023. Mr. Chow has over 26 years of experience in accounting and internal control. Mr. Chow has been an independent non-executive director of China Datang Corporation Renewable Power Co., Limited, a company listed on the Stock Exchange (stock code: 1798) since November 2025, an independent nonexecutive director of Reach Energy Berhad (delisted from the Kuala Lumpur Stock Exchange on April 24, 2025) since March 2023, and an independent non-executive director of Great Wall Terroir Holdings Limited, a company listed on the Stock Exchange (stock code: 524) since March 2021. Mr. Chow had been an independent non-executive director of Majestic Dragon AeroTech Holdings Limited (formerly known as State Energy Group International Assets Holdings Limited), a company listed on the Stock Exchange (stock code: 918) from October 2018 to December 2021, an independent non-executive director of Future Bright Mining Holdings Limited, a company listed on the Stock Exchange (stock code: 2212), from December 2014 to September 2018, and an independent non-executive director of National United Resources Holdings Limited (formerly known as China Outdoor Media Group Limited), a company listed on the Stock Exchange (stock code: 254), from October 2013 to March 2015. Mr. Chow obtained his bachelor’s degree in business administration in finance from The Hong Kong University of Science and Technology in November 1995 and obtained his master’s degree in international business in December 2001 from The University of Sydney, Australia. Mr. Chow has been a member of the Hong Kong Institute of Certified Public Accountants since January 1999. Mr. Chow has also been a member of the Association of Chartered Certified Accountants since April 2000 and was admitted as its fellow member in April 2005.
Dr. LAY Chhun Hay, aged 43, joined the Company as an independent non-executive Director on November 2, 2026. Dr. Lay has approximately 17 years of banking and finance experience spanning retail, commercial, corporate and institutional banking, and investment banking, with experience in Asia-Pacific capital markets.
From August 2023 to October 2025, Dr. Lay was a senior director in debt and structured finance and head of the Greater China regions at JLL Hong Kong. He worked at Bank of China New Zealand as head of infrastructure and utilities in corporate banking from March 2019 to August 2021 and as general manager of corporate banking from August 2021 to June 2023. Before that, he served as market development director in corporate finance at ASB Bank from October 2017 to March 2019, as vice president in corporate finance at MUFG from October 2015 to October 2017, and as a director and shareholder of City Rice Group from October 2013 to October 2015.
Dr. Lay has also served as an independent trustee and a member of the finance and audit committee of English Language Partners and of Totara Hospice.
Dr. Lay obtained a Bachelor of Business Studies (Honours) from Massey University, New Zealand, in February 2006, majoring in finance with first-class honours in economics, and an MBA majoring in finance from Auckland University of Technology in December 2009. He obtained a Doctorate of Business Administration from the European Institute of Management and Technology in May 2026. He became a chartered member of the Institute of Directors in New Zealand in April 2023.
Mr. Gal-Erdene Enkhbayar, aged 51, joined the Company as an independent non-executive Director on November 2, 2026. Mr. Gal-Erdene Enkhbayar has extensive experience in engineering, power generation and heating systems. Since 2022, he has served as assistant director of engineering at Shangri-La Hotel Ulaanbaatar LLC.
From 2020 to 2022, Mr. Gal-Erdene headed a branch of Ulaanbaatar City Heating Company. From 2019 to 2020, he was a consulting engineer in heating and power plants at Richwell Engineering LLC. Between 2005 and 2019, he held engineering and management positions at SBB, MCS Real Estate, MCS International, DULKHARAA, Nomin Holding and Sky Resort, including chief engineer and other technical leadership roles. He founded DULKHARAA and served as its chief executive officer. From 1997 to 2005, he worked at Ulaanbaatar District Heating Company in engineering and operational roles, including as a senior mechanical engineer.
Mr. Gal-Erdene obtained a bachelor’s degree in thermal and mechanical engineering in 1997 and a master’s degree in boiler and mechanical engineering in 2005 from the Mongolian University of Science and Technology. He qualified as a professional engineer in thermal power plants in 2005 and as a consulting engineer in boilers and power plants in 2013 through the Ministry of Energy of Mongolia. His consulting engineer qualification was renewed in 2018 and 2023.
SENIOR MANAGEMENT
YUAN Zhigang ( 袁志剛 ), aged 45, joined the Group on December 7, 2020 and was appointed as the chief financial officer on March 8, 2021. Prior to joining the Group, Mr. Yuan served as deputy general manager of the capital operation center and deputy general manager of the financing management center in Zhongliang Holdings Group Company Limited, a company listed on The Stock Exchange of Hong Kong Limited (Stock Code: 2772), from May 2018 to December 2020. From September 2015 to April 2018, Mr. Yuan served as the general manager of the finance department in Zhonghong Group. From 2004 to 2015, Mr. Yuan successively engaged in finance related work in Midea Group, a company listed on the Shenzhen Stock Exchange, AUX Group, a company listed on the Shanghai Stock Exchange, and Wanda Group. Mr. Yuan graduated from Jianghan University with a bachelor’s degree in financial management in 2004.
PAN Yougen ( 潘幼根 ), aged 62, the General Manager of Yancheng Sujia Real Estate Development Co., Ltd, a subsidiary of the Group. Mr. Pan joined the Group in 2008 and is responsible for the operation of the property projects in Yancheng, Jiangsu Province. He has years of experience in the property development industry. Before joining the Group, he was the vice president of Jiaxing Zhongfang Design Institute from May 1988 to November 1998, the chairman and general manager of Zhejiang Jingjian Engineering Co., Ltd from November 1998 to September 2000 and the vice president of Zhejiang Sujia Property Development Co., Ltd from September 2000 to April 2006. Mr. Pan graduated from Southwest Jiaotong University with a bachelor degree in Engineering in 1985 and received a master degree in Architecture from Shanghai Tongji University in 1988.
COMPANY SECRETARY
YIU Hoi Yan, Kate ( 姚凱欣 ), aged 53, joined the Company as an accountant in April 2004 and was later promoted as the executive director, company secretary and finance manager of the Company. She has over 30 years of experience in auditing and accounting. She is a member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants. Ms. Yiu obtained a Bachelor of Arts (Honors) in Accountancy from the City University of Hong Kong in 1995.
updated 2nd November, 2026