On January 16, 2019, Cheung Kei Group's 2018 Annual Commendation Ceremony was held in Zhuhai Cheung Kei Hotel. Dr. Chen Hongtian, a CPPCC National Committee member, a Justice of the Peace appointed by the Hong Kong SAR, and Chairman of the Cheung Kei Group; Chen Pengyu, Vice President ofthe Cheung Kei Group; the representatives and employees from the group's HongKong, Shenzhen headquarters, Zhuhai branch, and property management company were in attendance during the meeting.
Dr. Chen Hongtian giving an important speech during the meeting
The event kicked-off by Vice President Chen Pengyu's presentation on the group's 2018 Summary of Work Report, as well as the group's 2019 Work Plan Report. He gave a review of the key results achieved by the group in 2018, and objective feedback to the performance of the respective departments and subsidiary companies in 2018. He then indicated the direction and requirements to be taken in 2019, and expressed his heartfelt gratitude to his fellow colleagues for their hard work and dedication in the past year.
Vice President Chen Pengyu giving a presentation on the Work Report
Vice President Chen Pengyu had shared that Cheung Kei Group had maintained its momentum and progress in 2018, and had developed steadily. Under the guidance and leadership of Dr. Chen Hongtian, the employees of the group had worked hard in their respective roles, and had accomplished considerable results in areas such as the optimization of its investment portfoliostructure, improving the quality of financing, and building a solid foundation for the management of the company. Through stringent internal controls and performance management for all employees, the group has improved the functions of its overall management system. In its external liaisons and relationship building, the group had adopted a prudent and stable development strategy, to ensure the health of the company's financial systems.
Through involvements in a large number of projects which rely heavily on favorable policy measures, mergers and investment in projects with a high return on investment and with high operational and management stability, the company was able to optimize its investment portfolio structure, establish a stricter risk prevention mechanism, to ensure that the group will continue to prosper against the economic downturn. In its corporate social responsibility efforts, the group has donated a total of 300 million Hong Kong dollars to date, of which about 70 million Hong Kong dollars were donated in 2018 alone. In 2018, Dr. Chen Hongtian had won the "Gold Medal for Philanthropy" at the 4th Pengcheng Charity Award, and the "Grand Prize for Leadership" from the World Eminence Chinese Business Association.
Attendees of the meeting listening attentively to the work report
In 2018, Cheung Kei Group had completed the acquisition of 5 Churchill Place, a Grade A office building in Canary Wharf, London. At the same time, it had also signed a 20-year tenancy agreement with BGC for the lease of five floors at 5 Churchill Place. The group had also successfully signed a 9-year tenancy agreement with Sun Life Financial Hong Kong, for a floor space of approximately 150,000 square feet in Hong Kong Cheung Kei Center. To date, the occupancy rate of the Hong Kong Cheung Kei Center has surpassed 90%, and the monthly rent revenue from this property is over 2 million yuan. In addition, the group's investment projects domestically and internationally have been progressing along as planned, and the group has also implemented an institutionalized framework and guidelines for better supervision and regulations, making further improvements to the internal controls and compliance process. In summary, the management level of the company has moved forward into another milestone in the past year.
The venue at the Annual Commendation Ceremony
Vice President Chen Pengyu then shared his views on the complexities of the current market situation domestically and internationally, as the year 2019 will bring a set of challenging and harsh market conditions. He urged all employees of the Cheung Kei Group to stand united against the adversity and challenges moving forward. The primary focus of the group is to put in the hard work in building a stronger foundation, and it should persevere in its development strategy of "kick-off at a stronger starting point, expand when there is lower-risk" to reach even greater heights amidst the challenges. The group has five primary directions for development in 2019: firstly, the liquidation and utilization of its assets; secondly, to make continual progress in the company's existing projects; thirdly, to be prepared for engaging in high-quality projects that are able to develop sustainably proactively; fourthly, to boost our recruitment of talents and support their career development; and lastly, to broaden the company's sources of income while reducing expenditure.
ZhongJie, Director of the Human Resources & Administration Department, announcing the list of outstanding teams and employees for 2018
The Assets & Capital Management Department was the recipient of the "Best Team Award"
The Business Investment & Expansion Department was the recipient of the "Outstanding Team Award"
The Legal & Compliance Supervision Department was the recipient of the "OutstandingTeam Award"
Vice President Chen Pengyu had also mentioned in his presentation that looking back to the work done in 2018, the results were something that had impressed upon him, as the group was able to solve many issues in a groundbreaking manner, allowing the company to face the current unfavorable economic conditions by capitalizing on the company's existing capacities, although there are still issues and inadequacies in certain areas. All employees shall continue to learn, to improve, and to rectify any conduct or irresponsible behaviors that do not adhere to company standards. Employees should take ownership over their work, to dedicate their full efforts to their responsibilities, and to make greater efforts in developing the business of the company and growing as an individual in a steadfast manner. The company will also provide its employees with a platform to grow and develop stably, as it hopes its employees will continue to be united in their thoughts, to work cohesively and proactively to improve themselves, in order to achieve better results at work. Finally, he ended his address with a few greetings for the Chinese New Year, and well wishes for the employees to continue to enjoy progress at work.
Executive Vice Chairperson Chen Xiaoxia was the recipient of the "Best Manager Award",her secretary had received the award on her behalf
Wan Ping, the Director of the Assets & Capital Management Department, was the recipient of the "Outstanding Manager Award"
He Yang, the Director of the Legal & Compliance Supervision Department, was the recipient of the "Outstanding Manager Award"
During the meeting, Zhong Jie, Director of the Human Resources & Administration Department, had announced the list of outstanding teams and employees for 2018. The awards issued include the following: one recipient of the "Best Team Award 2018", two recipients of the "Outstanding Team Award", one recipient of the "Best Manager Award", two recipients of the "Outstanding Manager Award", one recipient of the "Best Employee Award", and 21 recipients of the "Outstanding Employee Award". After the list was announced, Dr. Chen Hongtian then proceeded to the stage for the prize giving ceremony for the winning teams and individuals.
GuoHuijuan, Assistant to the Executive Vice Chairperson from the Operations Management Department, was the recipient of the "Best Employee Award"
The 21 employees who had received the "Outstanding Employee Award"
After receiving their awards, the respective representatives of the winners of the "Best Team Award", "Outstanding TeamAward", and the winners of the "Outstanding Manager Award", "Best Employee Award", and "Outstanding Employee Award" then gave their thank you speeches. Their speeches were well received and greeted by warm applause from the audience, and their words served as an encouragement for all their fellow colleagues to continue to work hard.
Representative from the winner of the "Best Team Award", Wan Ping, the Director of the Assets & Capital Management Department, giving a thank you speech
Representative from the winner of the "Outstanding Team Award", Pan Lei, the Manager of the Business Investment & Expansion Department, giving a thank you speech
Before the Annual Commendation Ceremony came to an end, Dr. Chen Hongtian took the stage to give his closing remarks. He first acknowledged the professional and comprehensive work report presented by Vice President Chen Pengyu, and then affirmed the results accomplished in 2018 by all the departments and subsidiary companies of the group, before thanking all the employees for their hard work and contributions in the past year. He said that there have been drastic changes in the local economy and the external market conditions in 2018, and many businesses are facing unprecedented challenges in their operations. However, with Cheung Kei Group's solid foundation built over the years and its effective strategic decisions, the group had not been severely impacted by the policy changes, and is continuing to develop and move forward. This is a development status that the company had been pursuing, and the group has entered a balanced and stable phase. The group has achieved significant results in reinforcing its internal controls and management this year, and had addressed the problems caused by the rapid development ofthe group. As it has built a strong foundation, it has laid a good groundwork for the company's long-term development.
Winner of the "Outstanding Manager Award", He Yang, the Director of the Legal & Compliance Supervision Department, giving a thank you speech
Guo Huijuan, Assistant to the Executive Vice Chairperson from the Operations Management Department, the recipient of the "Best Employee Award" giving a thank you speech
Dr. Chen Hongtian then shared that effective teambuilding, and teams built by talented individuals are indispensable to acompany's development, and they are the basis for a company's competitiveness and guarantees for pursuing its sustainable development. The group is a people-oriented company, and values the recruitment and nurture of talents. It has proactively implemented a performance and reward mechanism to establish a fair and rewarding environment for employees to advance in their career. He concluded his remarks and said, "I am very pleased and content to see that a batch of outstanding employees has blossomed in the company. They are diligent and focused at their work, and have supported the development of the group with their outstanding work performance. I hope that all our employees will look up to these outstanding colleagues, and learn from them."
Winner of the "Outstanding Employee Award", Tong Xiaomin, the Financial Manager of the Asset Management Department, giving a thank you speech
Winner of the "Outstanding Employee Award", Ma Quan, the Investment & Expansion Manager of the Business Investment & Expansion Department, giving a thank you speech
Dr. Chen Hongtian had also mentioned the inherent issues in management and the employees' work, and introduced the work plans and targets for the group in 2019, along with his expectations and hopes. He expressed that regulations and guidelines are crucial to a company, and all employees should follow protocols closely in all tasks, and nurture a good habit and awareness of professional ethics. Moving forward, the group needs to strengthen its appraisal process for its employees, optimize its performance assessment system, to maintain the company's competitiveness and momentum for development. He hopes that all employees will continue to improve on their professional skills, as they strive to develop their own career in the company. He mentioned that due to the group's solid foundation built in the past years, the company will progress and reach new heights in 2019; major acquisition projects will be launched, and existing properties will be replaced or upgraded through asset management strategies, therefore, he hoped that all employees will continue to contribute to the growth of the company.
The meeting was concluded after two and a half hours. In 2019, under the guidance and leadership of Dr. Chen Hongtian, all employees will unite their strengths and work cohesively in tackling the challenges and opportunities of the market, forging ahead as the company continues on its journey and writes a new chapter of success.
Clarification StatementHong Kong Cheung Kei Center is wholly-owned by the Cheung Kei Group ("the Group"). It is a Super Grade A...