BUSINESS PROFILE
Luen Thai Holdings Limited together with its subsidiaries 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 75 million pieces of garments and accessories annually with products ranging from casual wear, ladies' wear (intimate, career and fashion wear), sports and activewear, sweaters, outerwear, laptop bags, luxury and fashionable bags and children's wear.
As a total apparel 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 quota-free apparel industry. Through D2S, Luen Thai can offer speed-to-market solutions that will help our customers improve their supply chain through shortening lead time, lowering 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, 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 and to corporate social responsibilities.
Headquartered in Hong Kong, Luen Thai has a 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 of America and Europe. With annual revenue of approximately US$832 million, Luen Thai employs over 26,000 employees worldwide.
EXECUTIVE DIRECTORS
Dr. TAN Siu Lin, aged 78, is the Founder and Chairman of Luen Thai. Dr. Tan is also the Chairman of the Peking University Luen Thai Center for Supply Chain System Research and Development in China and the Chairman of TSL School of Business and Information Technology in Quanzhou Normal University. He 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 55, is the Chief Executive Officer (CEO) and President of Luen Thai Group. He is also a member of the Remuneration Committee and the Bank Facility Committee. He joined Luen Thai in January 1985 and has over 24 years of experience in apparel and logistics industries. Henry Tan is the chairman of the Hong Kong General Chamber of Textiles Limited and is also an independent non-executive director of Kingboard Chemical Holdings Limited. He also acts as committee member of the Chinese People's Political Consultative Conference in Fujian Province, China 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 and Development Council and the council member of Huaqiao University. Mr. Tan is a past chairman of Po Leung Kuk, an authorized charity organization in Hong Kong. Mr. Tan obtained his Master's degree and Bachelor's degree in Business Administration from the University of Guam.
Tan Cho Lung, Raymond, aged 47, is the President of Luen Thai International Group Limited and son of Dr. Tan Siu Lin. He joined Luen Thai in 1989 and has over 19 years of experience in the industry. He is a member of the advisory board of the Textile Projects Vetting Committee for the Innovation and Technology Fund of Hong Kong. He 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 56, is the President and Chief Merchandising Officer of Luen Thai International Group Ltd. and Managing Director for the subsidiary companies of GJM and TellaS. She is an accomplished industry professional with years of experience in key executive and board member positions out of which over 22 years were spent within various management positions within the Swire Group Companies. She also held senior management positions with other large companies including Pentland Group plc, an international group which develops and owns some leading brands in the sports and fashion business, and Li & Fung Limited. Ms. Mok graduated with a Bachelor's degree in Arts from the University of Hong Kong and has attended the management programmes organized by Harvard University, Tsinghua University and INSEAD Euro-Asia Centre. She 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. She joined Luen Thai in 2003.
Tan, Sunny, aged 35, is the Chief Financial Officer (CFO) of the Luen Thai Group and son of Dr. Tan Siu Lin. Prior to joining the company in 1999, he worked at the investment banking division of Merill Lynch. In 2006, he was appointed as the vice chairman of the Hong Kong General Chamber of Textiles Limited and a special advisor to the Governor of Commonwealth of the Northern Mariana Islands. He obtained a Master of Science degree from Stanford University and Bachelor of Business Administration degree from University of Wisconsin-Madison.
NON-EXECUTIVE DIRECTOR
Tan, Willie, aged 53, is the Chief Executive Officer (CEO) 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 in 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 26 years experience in business management in various disciplines including apparel and footwear manufacturing fishing, logistics, including cargo airline andshipping, wholesale and retail operations, hotel, travel and tours, insurance, financial and health care services. He 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 55, is an executive director and also the General Manager of one of the three manufacturing groups of Yue Yuen Industrial (Holdings) Limited (“Yue Yuen”), a company listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and is considered a substantial shareholder of the Company under the Rules Governing the Listing of Securities on the Stock Exchange (“Listing Rules”). Additionally, he is currently a director of San Fang Chemical Industry Co. Ltd. and Global Brands Manufacture Limited and Evermore chemical Industry Co. td., 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 31 years of experience in the manufacturing of footwear and related components. He joined the Group in 2007.
INDEPENDENT NON-EXECUTIVE DIRECTORS
Chan, Henry, aged 43, is a member of both the Audit committee and the Remuneration Committee. He has over 21 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 Company Limited. Henry 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. He 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 65, is a member of both the Audit Committee and the Remuneration Committee. He has extensive experience in the financial industry. Mr. Cheung was the group treasurer fo Nam Tai Electornics, Inc. from 2004 to 2005. He had also worked for the Hong Kong 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. He obtained his Bachelor's degree of Arts from the University of Hong Kong. He joined the Group in 2004.
Seing, Nea Yie, aged 61, 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. He has over 34 years of audit experience and is currently holding CPA (Practising) at Hong Kong Institute of Certified Public Accountants. He 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. He was also a member of audit committee of Po Leung Kuk from 1996 to 2000. Currently, he is the honorary president of The Fukienese Association Limited. He joined Luen Thai in 2005.
SENIOR MANAGEMENT
Chan, Wei Ben, Benny, aged 56,is the Senior Vice President of Textile Division. Mr. Chan is responsible for the overall mnagement 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 60, is the Group Finance Controller and Treasurer. Ms. Choi has over 34 years of experience in various areas of the apparel manufacturing industry with over 23 years of experience in financial management. She joined the group in 1967.
Dilcock, Victoria Anne Theresa, aged 54, is the Senior Vice President for Manufacturing for YTI and President of Yuen Thai Philippines Inc. Ms. Dilcock joined the group in 2003 and has over 36 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 Luen Thai she held key executive positions with Sara Lee Courtaulds, Claremonth Garments Ltd., and Brentwood Clothing Ltd. (Stirling Group) among other companies based in United Kingdom, Morocco, and China. She attended courses on Engineering, GSD, Work Study Ergonomics at Eriksson's Management Consultancy in the UK.
Helfenbein, Rick, aged 60, 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 Americal 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 63, is the Senior Vice President of Supply Chain Processes and Systems Division. He joined the Group in 1997 and has over 28 years of business strategy, and process analysis and reengineering experience leveraging information technology. He has been a consultant for major projects for various organizations and companies including Huawei Technology; engineering divisions of Toshiba, Fujitec and Mitsubishi; Macau Telephone; GT; 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 a 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 of a book on Supply Chain Management Practices published by Peking University Press.
Sauceda, Francisco Jr., aged 50, is the Executive Vice President of Luen Thai International Group and is responsible for the end-to-end operations of the knit business for Polo Ralph Lauren. He concurrently holds the position of President of Luen Thai Philippines. He has been with the company since 1994. Mr. Sauceda obtained his Bachelor's degree in Business Administration from Texas Southmost College, University of Texas. He is both the Vice-Chairman of the Asia-Africa Committee and Manpower Committee of Hong Kong Chamber of Commerce. He is also a member of Worldwide ERC's Asia-Pacific Committee and its Executive Roundtable.
Tan, Jerry, aged 47, is the Chief Executive Officer (CEO) of CTSI Logistics, responsible for the worldwide logistics business of the Group. Mr. Tan is the son of Dr. Tan Siu Lin and he joined the company in 1989. He has over 19 years experience in logistics operations. Mr. Tan has been 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). Mr. Tan also sits as a member 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. He served as director of the Saipan Chamber of Commerce in 2003 and 2004. Active in community service, Mr. Tan is also the President of the Chinese Association of Saipan, Board Member of the American Red Cross CNMI Chapter, and Northern Marianas College Foundation. Equally, devoted to promoting sportsfor all ages, Mr. Tan is also the President of the Saipan Bowling Association, President of the Northern Mariana Islands Football Association and ExCo Member of the East Asian Footbal Federation. Mr. Tan was awarded "2003 Business Person of the Year" by the Saipan Chamber of Commerce. The following year, Mr. Tan was named "2004 Employer of the Year" by the CNMI Chapter of the Society for Human Resources Management. Mr. Tan obtained a degree in Bachelor of Business Administration from the University of Guam.
Wong, Sammy, aged 52, is the Managing Director of Tien-Hu Trading (Hong Kong) Limited and Tien-Hu Knitters Factory (Hong Kong) Limited. Mr. Wong joined Tien-Hu in 1981 and has over 28 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 Toronta, Canada.
Wong, Wallace, aged 50, is the Managing Director of Tien-Hu Knitters Limited. Mr. Wong joined Tien-Hu in 1983 and has over 26 years of solid business expertise in the sweater knitting and trading areas. Mr. Wong holds a Bachelor's degree in Marketing from the University of Texas, USA.
Inglis, Owen, aged 50, 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 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.