Investor Relations

BUSINESS PROFILE

Luen Thai Holdings Limited (the “Company”) together with its subsidiaries (collectively, “Luen Thai” or the “Group”) is one of the leading apparel manufacturing and supply chain services providers worldwide. We have close partnership with brands and retailers globally, which include adidas, Dillard’s, Esprit, Fast Retailing, Limited Brands, Polo Ralph Lauren and Targus among others. We produce approximately 73 million pieces of garments and accessories annually with products ranging from casual wear, ladies’ wear (career, intimate and fashion wear), sports and activewear, sweaters, outerwear, children’s wear and laptop bags, luxury and fashionable bags.

As a total apparel and accessories manufacturing and services group, Luen Thai has developed a business model “design-to-store” (“D2S”) providing a one-stop shop supply chain platform for partnership, including design and development, materials management, production and logistics. D2S answers our customers’ needs for a wide range of products and services, and faster response at a competitive cost, making it the right business model in today’s apparel and accessories industry. Through D2S, Luen Thai can offer speed-to-market solutions that will help our customers improve their supply chain through shortening total lead time, lowering of total sourcing costs and reducing retail mark-down. In 2007, Luen Thai launched its lean initiative in the Dongguan Supply Chain City through Project Add+. This project aims to implement the concept of lean manufacturing in the organization and extending it beyond the production floor to include all levels of the business operation. The project was further expanded and rolled out in Luen Thai Philippines in 2008. Ultimately, Project Add+ will enable Luen Thai to build a lean supply chain with its customers.

Unlike traditional apparel manufacturers focusing mostly on production, Luen Thai offers a hybrid model of multiproduct manufacturing and outsourcing. First of its kind in the industry, Luen Thai set up its first Supply Chain City in Dongguan, People’s Republic of China (“China”) with dedicated development centers allowing customers to work with our team in all phases of the supply chain process. Along with our customers, Luen Thai has been committed to compliance to corporate social responsibilities.

Headquartered in Hong Kong, Luen Thai has production and outsourcing partner facilities in China, the Philippines, Indonesia, India and Bangladesh. Our sales, design and logistics offices are located in Asia Pacific, the United States and Europe. With annual revenue of approximately US$775 million, Luen Thai employs over 20,000 people worldwide.   

EXECUTIVE DIRECTORS

Dr. TAN Siu Lin, aged 79, is the founder and Chairman of the Group. Dr. Tan is also the Chairman of the Peking University Luen Thai Center for Supply Chain System R&D, the PRC, and the Chairman of TSL School of Business and Information Technology in Quanzhou Normal University. Dr. Tan is a board member of the Shaw College at the Chinese University of Hong Kong and the Vice-Chairman of the Huaqiao University as well as the honorable president of the Hong Kong General Chamber of Textiles Limited. Dr. Tan holds an honorary Doctoral of Laws degree from the University of Guam.

TAN Henry, BBS, JP, aged 56, is the Chief Executive Officer and President of the Group and son of Dr. TAN Siu Lin. Mr. Tan is also a member of the Remuneration Committee and the Bank Facility Committee. Mr. Tan joined the Group in January 1985 and has over 25 years of experience in apparel and logistics industries. Mr. Tan is also an independent non-executive director of Kingboard Chemical Holdings Limited. Mr. Tan acts as committee member of the Chinese People’s Political Consultative Conference in Fujian and the member of Standing Committee of the Chinese People’s Political Consultative Conference in Qingyuan City of Guangdong Province. Mr. Tan also acts as the executive vice chairman of China Council for the Promotion of Peaceful National Reunification of Hong Kong Region, vice president of Overseas Chinese Economic and Cultural Foundation of China, member of Garment Advisory Committee of Hong Kong Trade Development Council and the council member of Huaqiao University. Mr. Tan is the past Chairman of Po Leung Kuk, an authorized charity organization in Hong Kong. Mr. Tan obtained his Master’s degree in Business Administration and Bachelor’s degree in Business Administration from the University of Guam.

TAN Cho Lung, Raymond, aged 48, is the President of Luen Thai International Group Limited and son of Dr. Tan Siu Lin. Mr. Tan joined the Group in 1989 and has over 20 years of experience in the industry. Mr. Tan was the recipient of the Young Industrialist Award of Hong Kong and the DHL/SCMP Owner-Operator award for 2003. Mr. Tan graduated with a Bachelor’s degree in Business Administration from the University of Guam.

MOK Siu Wan, Anne, aged 57, is the President and Chief Merchandizing Officer of Luen Thai International Group Limited and the Managing Director for the subsidiary companies of GJM & TellaS. Ms. Mok is an accomplished industry professional with years of experience in key executive and board member positions out of which over 23 years were spent holding various management positions within the Swire Pacific Group Companies. Ms. Mok also held senior management positions with other prominent organizations including Li & Fung Limited and the Pentland Group plc, a London based international group which develops and owns some leading brands in Sports and Fashion. Ms. Mok graduated with a Bachelor’s degree in Arts from the University of Hong Kong and has attended various management programmes and courses organized by Harvard University, Tsinghua University and INSEAD Euro-Asia Centre. Ms. Mok was a member of the Board of Governors for the American Chamber of Commerce in Hong Kong from 1998 to 2003 and the Chairman of the Textiles Committee for the American Chamber of Commerce in Hong Kong in 1996 and 1997. Ms. Mok joined the Group in 2003 and was appointed to the Luen Thai Holdings Board as an Executive Director in June 2005.

TAN Sunny, aged 36, is the Chief Financial Officer of the Group and son of Dr. TAN Siu Lin. Mr. Tan joined the Group in 1999. Prior to joining the Group, Mr. Tan worked at the investment banking division of Merill Lynch. In 2006,Mr. Tan was appointed as a special advisor to the Governor of Commonwealth of the Northern Mariana Islands. Mr. Tan was appointed as the Executive Vice Chairman of the Hong Kong General Chamber of Textiles Limited in 2009. Mr. Tan obtained a Master of Science degree from Stanford University and Bachelor of Business Administration degree from the University of Wisconsin-Madison.

NON-EXECUTIVE DIRECTOR
TAN Willie, aged 54, is the Chief Executive Officer of the privately held businesses of the Tan Family namely Luen Thai Enterprises Limited and Tan Holdings Corporation. Mr. Tan is the son of Dr. Tan Siu Lin and joined the apparel division in 1985 and has held the positions of Executive Vice President and later on Chief Operating Officer prior to his appointment to lead the privately held businesses. Mr. Tan has almost 27 years experience in business management in various disciplines including apparel and footwear manufacturing, fishing, logistics including cargo airline and shipping, wholesale and retail operations, hotel, travel and tours, insurance, financial and health care services. Mr. Tan obtained his Bachelor’s Degree in Business Administration from the University of Guam. He is currently the External Vice President of the Philippine-China Business Council, Chairman of the Confederation of Garment Exporters of the Philippines, a member of China’s Chinese People’s Political Consultative Conference in Qingyuan, Guangdong and a director for Quanzhou City Global Youth Federation. In November 2007, Mr. Tan was appointed Honorary Ambassador-at-Large for Guam, USA.

LU Chin Chu, aged 56, is an executive director and also the General Manager of one of the three manufacturing groups of Yue Yuen Industrial (Holdings) Limited, a company listed on The Stock Exchange of Hong Kong Limited and is considered a substantial shareholder of the Company under the Rules Governing the Listing of Securities on the Stock Exchange. Additionally, he is currently a director of San Fang Chemical Industry Co. Ltd., Global Brands Manufacture Limited and Evermore Chemical Industry Co. Ltd., companies being listed on the Taiwan Stock Exchange in Taiwan. Mr. Lu also holds several directorships in certain private companies established in Taiwan, Hong Kong, mainland China, the United States, Bermuda and the British Virgin Islands, which are engaged primarily in investment holding, production and marketing of non-apparel products, except for Yuen Thai Industrial Company Limited, a joint venture company established between Yue Yuen and the Group in 2004 to develop active wear business. Mr. Lu is an accomplished industry professional with over 32 years of experience in the manufacturing of footwear and related components. He joined the Group in 2007.

INDEPENDENT NON-EXECUTIVE DIRECTORS
CHAN Henry, aged 44, is a member of both the Audit Committee and the Remuneration Committee. Mr. Chan has over 22 years of experience in the financial market and is the Managing Director of Sanfull Securities Limited. He was a Director of The Stock Exchange of Hong Kong Limited. Mr. Chan is currently a member of the Advisory Committee of the Securities and Futures Commission, the Permanent Honorary President of Hong Kong Stockbrokers Association Limited, an independent non-executive director of Hengan International Group Company Limited, a company listed on the Main Board of the Stock Exchange which engages in the manufacture and distribution of personal hygiene products. Mr. Chan is also a committee member of the Chinese People’s Political Consultative Conference in Xiamen, Fujian Province, China. Mr. Chan obtained his Master’s degree in Business Administration from Asia International Open University (Macau) and his Bachelor’s degree in Arts from Carleton University in Canada. He joined the Group in 2004.

CHEUNG Siu Kee, aged 66, is a member of both the Audit Committee and the Remuneration Committee. Mr. Cheung has extensive experience in the financial industry. Mr. Cheung was the Group Treasurer of Nam Tai Electronics, Inc. from 2004 to 2005. Mr. Cheung had also worked for the Hongkong and Shanghai Banking Corporation Limited in Hong Kong for 37 years when he retired in 2003 as a Senior Executive in the Corporate and Institutional Banking division. Mr. Cheung obtained his Bachelor’s degree in Arts from the University of Hong Kong. He joined the Group in 2004.

SEING Nea Yie, aged 62, is the Chairman of both the Audit Committee and the Remuneration Committee. Mr. Seing is the senior partner of both accounting firms Messrs. Chan, Seing & Co. and Messrs. Chen Yih Kuen & Co. Certified Public Accountants (Practising). Mr. Seing has over 35 years of audit experience and is currently holding CPA (Practising) at Hong Kong Institute of Certified Public Accountants. Mr. Seing is an active contributor to the charity activities in the community. He was the Director of Po Leung Kuk, an authorized charity organization in Hong Kong, from 1987 to 1990 and became the Vice Chairman in 1990 and 1991. Mr. Seing was also a member of audit committee of Po Leung Kuk from 1996 to 2000. Currently, Mr. Seing is the honorary president of The Fukienese Association Limited. He joined the Group in January 2005.

SENIOR MANAGEMENT
CHAN Wei Ben, Benny, aged 57, is the Senior Vice President of Textile Division. Mr. Chan is responsible for the overall management of the operation of the end-to-end process of the textile business. Mr. Chan joined the Group in 1980.

CHOI Suk Yan, Belinda, aged 61, is the Group Finance Controller and Treasurer. Ms. Choi has over 35 years of experience in various areas of the apparel manufacture industry with over 24 years of experience in financial management. She joined the Group in 1967.

DILCOCK, Victoria Anne Theresa, aged 55 is the Senior Vice President for Manufacturing for YTI and President of Yuen Thai Philippines Incorporated. Ms. Dilcock joined the Group in 2003 and has over 37 years of expertise in product development, technical process management and ‘Lean’ manufacturing gained from top garment and textile companies in the United Kingdom, Morocco, and China. Prior to joining the Group, she held key executive positions with Sara Lee Courtaulds, Claremont Garments Ltd. and Brentwood Clothing Ltd (Stirling Group) among other companies based in the United Kingdom, Morocco, and China. She attended courses on Engineering, GSD, Work Study and Ergonomics at Eriksson’s Management Consultancy in the UK.

HELFENBEIN Richard A., aged 61, is the President of Luen Thai USA. Mr. Helfenbein has extensive experience in the industry in key executive positions with Crystal Brands Inc., as the President of Izod/Lacoste Youthwear and as the Managing Director of Apparel Services at Burlington Industries, Inc. He has been with the Group since 1999. Mr. Helfenbein had served for many years on the Board of Trustees of Blythedale Children’s Hospital in New York, and is currently a Board Member of the Greyston Foundation, as well as a Board Member and Executive Committee Member of American Apparel and Footwear Association, the highly prestigious national trade organization in the United States of apparel, footwear, and other sewn products companies, and their suppliers. Mr. Helfenbein received a Bachelor of Science degree in Economics from the Wharton Business School at the University of Pennsylvania, and often lectures at Industry Events and prestigious universities in the USA on the subjects of Supply Chain Management and International Trade.

Dr. ROMAGNA John, aged 64, is the Executive Vice President of Stategy, Systems, and Support Division. Dr. Romagna joined the Group in 1997 and has over 29 years of business strategy, and process analysis and reengineering experience leveraging information technology. He has been a consultant on major projects for various organizations and companies including Huawei Technology; engineering divisions of Toshiba, Fujitec, and Mitsubishi; Macau Telephone; GTE; Adventis; Gammon Construction; the Hong Kong Department of Industry; the Hong Kong Construction Association; various divisions of U.S. government; and the World Bank, among others. Dr. Romagna holds a PhD from Columbia University and did post-doctoral work at Princeton University in systems analysis and policy analysis. He is the author of a book on Quality Management Systems published by the Chinese Manufacturer’s Association of Hong Kong, and co-editor and author of a book on Supply Chain Management Practices published by Peking University Press.

SAUCEDA JR Francisco, aged 51, is Executive Vice President of Luen Thai International Group, Ltd., and is responsible for the end-to-end business of Verte Company which mainly comprised Polo Ralph-Lauren and Levi’s brands. He concurrently holds the position of President of Luen Thai Philippines. He has been with the Group since 1994. Mr. Sauceda obtained his Bachelor’s degree in Business Administration from Texas Southmost College, University of Texas. He is a member of the Asia-Africa Committee and Manpower Committee of the Hong Kong Chamber of Commerce.

TAN Cho Yee, Jerry, aged 48, is the Chief Executive Officer of CTSI Logistics, responsible for the worldwide logistics business of the Group. Jerry is the son of Dr. TAN Siu Lin and he joined the Group in 1989. He has over 20 years of experience in logistics operations. He is the Chairman of the Mariana Visitor’s Authority since 2006, having been appointed by the Governor of the Commonwealth of the Northern Mariana Islands (CNMI). He is a member since 2004 of the Strategic Economic Development Council and Air Service Committee of CNMI, both think-tank groups comprised key people from the government and private industry. Active in community service, Jerry serves as the Vice-Chairman of the Tan Siu Lin Foundation since 2009. He was Vice-President/Treasurer in 2004, and is currently the President/Treasurer of the Chinese Association of Saipan since 2005. In January 2010, he was appointed by the Taipei Compatriot Affairs Commission as the Adviser for Overseas Compatriot Affairs. He was a Board Member of the American Red Cross CNMI Chapter from 2002 to 2008, and was recently conferred the status as an Honorary Board Member, a lifetime membership on the Board, in recognition of his tremendous efforts over the past 10 years. Jerry was the President of the Northern Marianas College Foundation from 2002 to 2006, and currently serves as a Board Member since 2007. He served as a director of the Saipan Chamber of Commerce in 2003 and 2004. Equally devoted to promoting sports for all ages, Jerry is the President of the Saipan Bowling Association since 2001, President of the Northern Mariana Islands Football Association since 2005, ExCo Member of the East Asian Football Federation (EAFF) since 2007 and President of the Northern Marianas Badminton Association since January 2010. Jerry was awarded the “2003 Business Person of the Year” by the Saipan Chamber of Commerce. The following year, he was named “2004 Employer of the Year” by the CNMI Chapter of the Society for Human Resources Management. In January 2010, Jerry was awarded the Guam Business Executive of the Year, an annual award program which recognizes executives who have made outstanding contributions to the local business community and raised the bar in the field in which they are involved. Jerry obtained a degree in Bachelor of Business Administration from the University of Guam.

WONG, Sammy, aged 53, is the Managing Director of Tien-Hu Trading (Hong Kong) Limited, Tien Hu Knitters Limited and Tien-Hu Knitting Factory (Hong Kong) Limited. Mr. Wong joined Tien-Hu in 1981 and has over 29 years of experience in sweater business. Mr. Wong obtained a Diploma in Architectural and Environmental Design and is an Associate of the OCAD University in Toronto, Canada.

INGLIS, Owen, aged 51, Chief Executive Officer of Desk Top Ltd, Mr. Inglis has extensive experience in the computer carrying case and bag manufacturing industry having founded Desk Top in 1990. He has a Bachelor of Commerce degree from the University of New South Wales and is a member of the Australian Institute of Chartered Accountants. He worked with both Peat Marwick and Mitchell and Deloitte Haskin’s and Sell’s in Sydney for a number of years before returning to Hong Kong the place of his birth in 1983. Mr. Inglis was additionally Managing Director of J.P.Inglis and Sons Ltd a Hong Kong based trading company from 1983 to 1996.

COMPANY SECRETARY
CHIU Chi Cheung, aged 46, is the Vice President of Corporate Finance, Company Secretary and Qualified Accountant of the Company. Mr. Chiu has over 17 years of experience in the field of auditing and accounting. He joined the Group in 2002. He was an auditing manager of an international auditing firm. Mr. Chiu is a fellow member of the Association of Chartered Certified Accountants and an associate member of the Hong Kong Institute of Certified Public Accountants. Mr. Chiu holds a Bachelor of Business Administration degree from the University of Hong Kong.