Chow Tai Fook Jewellery Group Announces Departure of Mr. Chan Sai-Cheong

Chow Tai Fook Jewellery Group Announces Departure of Mr. Chan Sai-Cheong

HONG KONG, CHINA / ACCESSWIRE / March 6, 2023 / Chow Tai Fook Jewelry Group Confined (“Chow Tai Fook Jewelry Team”, the “Team” or the “Business” SEHK stock code: 1929), a Hong Kong Major Board listed company, has declared that a single of its Controlling Administrators, Mr. Chan Sai-Cheong, will be stepping down from his posture as Running Director, Mainland China on 31 March 2023.

Mr. Chan joined the Group in 1985, playing an integral role in Chow Tai Fook Jewelry Group’s development and assisting to provide enhancements in all round operations as the Group cast its way in the Mainland China industry.

Mr. Wong Siu-Kee, Kent, who joined the Group in 1977, will increase his latest role to oversee and drive Mainland China’s development and system. Mr. Wong is a revered chief with in depth practical experience in the retail sector and is at present a member of the Group’s Technique and Transformation Committee. A transition plan is in place to make certain seamless continuity and business enterprise progress. He will engage in a pivotal purpose in serving to to generate earnings quality.

Chow Tai Fook Jewelry Group’s mid-phrase ambitions remain unchanged as it carries on to impress all over its 5 strategic priorities [1] to reinforce extensive-expression competitiveness and enhance earnings quality.

Mr. Chan, reported, “I am actually heartened by in which the Group sits appropriate now. I have no doubt that
Chow Tai Fook Jewelry Team will maintain its enviable posture as an market leader, reaching new heights by doubling down on its strategic priorities and upholding its superb history of revolutionary innovation and craftsmanship. I want to thank the team for this outstanding journey. The last 38 many years has been very little small of stunning – currently being a part of a model that has experienced such meteoric results has been a privilege and an knowledge that I will always be very pleased of.”

Dr. Henry Cheng, Chairman of the Board of Administrators, stated, “Cheong has been a superb colleague and mate all these several years and we sincerely thank him for his tireless dedication, excellent management and contributions to the corporation and encouraging to drive small business in Mainland China. Cheong has formulated and led a fully commited team and I thank him for leaving Chow Tai Fook Jewellery in a sound position as we are poised for upcoming expansion. Our transformation journey will additional elevate our manufacturer, driving top quality advancement and operational resilience.”

– Conclude –

Chow Tai Fook Jewellery Group Minimal

Chow Tai Fook Jewellery Group Minimal Chow Tai Fook Jewelry Group Restricted (the “Team” SEHK inventory code: 1929) was listed on the Most important Board of The Stock Trade of Hong Kong in December 2011. The Group’s vision is to grow to be the most reliable jewellery group in the planet.

Started in 1929, the Group’s legendary brand name “CHOW TAI FOOK” is extensively recognised for its trustworthiness and authenticity, and is renowned for its merchandise structure, quality and worth. A longstanding dedication to innovation and craftsmanship has contributed to the Group’s results, alongside with that of its legendary retail manufacturer, and has been embodied in its rich heritage. Underpinning this results are our long-held core values of “Sincerity • Eternity”.

The Group’s differentiation system continues to make inroads into assorted purchaser segments by catering to a bespoke expertise for various lifestyles and personalities, as well as customers’ diverse everyday living levels. Offering a large wide variety of solutions, solutions and channels, the Group’s brand portfolio contains the CHOW TAI FOOK flagship brand name with curated retail ordeals, and other unique manufacturers including HEARTS ON Fire, ENZO, SOINLOVE and MONOLOGUE.

The Group’s dedication to sustainable growth is anchored in its buyer-centric concentrate and approaches, which are in position to boost long-term innovation in small business, in folks and in society. An additional asset underpinning sustainable progress is a refined and agile business design. This supports the Group by fostering excellence and extending options along the total price chain to communities and industry companions across the entire world.

With an considerable retail community in China, Japan, Korea, Southeast Asia and the United States, and a speedy-escalating clever retail business, the Group is implementing productive on the net-to-offline (“O2O”)
procedures to be successful in today’s omni-channel retail ecosystem.

Media Enquiries:

Chow Tai Fook Jewellery Group Restricted

Danita On
Senior Director, Investor Relations and Company Communications
Tel: (852) 2138 8501
E-mail: [email protected]

Haide Ng
Senior Supervisor, Trader Relations and Corporate Communications
Tel: (852) 2138 8336
Email: [email protected]

1 The 5 strategic priorities contain (1) Elevating brand positioning to bring in new and more youthful customers (2) Optimising product portfolio when lowering stock concentrations and turnover days (3) Improving operational effectiveness to optimise competitiveness and efficiency (4) Nurturing a individuals-first place of work culture and strengthening expertise growth (5) Developing a information-pushed lifestyle, accelerating the use of digital technology and details examination to help the business enterprise.

Source: Chow Tai Fook Jewellery Team Constrained

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