Mr. Yuk Keung IP
Independent Non-Executive Director

Aged 59, he was appointed as an Independent Non-Executive Director and a member of the Audit Committee of the Company since 1 July 2011. On 12 May 2012, he was appointed as a member of the Remuneration Committee of the Company. Mr. IP is an international banking and real estate professional with 33 years of experience at Citigroup, First National Bank of Chicago, Wells Fargo and Merrill Lynch in Hong Kong, Asia and United States. His areas of expertise are in real estate, corporate banking, financial institutions, transaction banking, wealth management and risk management. Mr. IP was named Managing Director of Citigroup in 2003 and Senior Credit Officer/Real Estate Specialist of Citicorp in 1990. He held senior executive positions at Citigroup such as the Managing Director/Head of Transaction Banking, Corporate Customer and Financial Institutions coverage and Managing Director/Head of Asia Regional Investment Finance of Wealth Management. He is currently an independent non-executive director and the chairman of the audit committee of Eagle Asset Management (CP) Limited as manager of Champion Real Estate Investment Trust, which is listed in Hong Kong.

Mr. IP is a Council Member of The Better Hong Kong Foundation, a Council and Court Member of Lingnan University, a Member of International Advisory Board of College of Business at City University of Hong Kong, a Member and Governor of Technological and Higher Education Institute of Hong Kong, an Advisory Board Member of Faculty of Business Administration and a Member of the International Advisory Committee at University of Macau, a Member of International Advisory Council Asia and an Advisory Board Member of Center for Finance and Accounting Research at Washington University in St. Louis, a Council Member of Cornell University and Board of Governor of Hong Kong America Center. He is an Adjunct Professor of Lingnan University and City University of Hong Kong and an Executive Fellow in Asia of Washington University in St. Louis. He is a Chairman of Fund Raising Committee of Vocational Training Council and is an Honoree of the Beta Gamma Sigma Chapter of City University of Hong Kong. He was a lecturer at University of Pittsburgh’s MBA program in the United States. He is also a frequent guest speaker at The University of Hong Kong, The Hong Kong University of Science & Technology, Peking University, Tsinghua University, Washington University in St. Louis, City University of Hong Kong, Lingnan University and University of Macau.

Mr. IP holds a Bachelor of Science degree in Applied Mathematics and Computer Science at Washington University in St. Louis (summa cum laude), a Master of Science degree in Applied Mathematics at Cornell University and a Master of Science in Accounting and Finance at Carnegie-Mellon University.

Mr. IP had been appointed as an Independent Non-executive Director and a member of the Audit Committee of the Company and Hopewell Holdings Limited, the holding company of the Company and a listed company in Hong Kong, on 13 August 2007 and resigned from all the aforesaid positions on 29 February 2008 due to his other business commitments. In view of his valuable experience in banking, accounting and real estate finance, Mr. IP was invited to re-join the Board of the Company to act as an Independent Non-executive Director and a member of the Audit Committee of the Company.