About Us
Loco Hong Kong Holdings Limited (the “Loco HK”) is a fully integrated investment holding group incorporated in Hong Kong and based in Hong Kong (the “Group”). It was listed on the Growth Enterprise Market (“GEM”) of the Stock Exchange of Hong Kong in July 2014. Prior to becoming a public listed company in Hong Kong, it was China Precision Material Limited (the “CPM”), which was incorporated in March 2009 with its principal activities of metal trading and processing. Since its listing in 2014, Loco HK has continued to grow and become a reputable metals trader with annual revenue of exceeding HK $10 billion and providing diversified metal products to international customers. The group’s metal business already covers bulk metal commodity trading and metal consumer goods components. We have successfully established solid business relationships with a number of large scale state-owned enterprises in the Mainland China, large-scale key comprehensive enterprises in the Mainland China and international enterprises, and have a good diversified and international customer and supplier base, including metal traders located in the Mainland China, Hong Kong, Singapore, and other places.
Main Business Description: The Group’s principal activities were broadly divided into metal business, education management services business and credit (money lending) services business. Details include:
A. Metal Business：The metal business of our group mainly includes international metal trading and the import and export of metals and metal industry chains in Hong Kong and Mainland China. The scope of the Group’s metal business is bulk trading of metal commodities, and the main products include standard metals such as copper, aluminum, nickel and metal parts, and metal consumer goods components and bulk commodities such as copper concentrates, iron ore and ferronickel.
B. Education Management Services Business: The Group mainly provides education management and consulting services to different educational institutions in the Mainland China. The business started in 2019 and currently has multiple contracted customers, mainly covering arts and physical education and training institutions, kindergartens, humanistic well-rounded natural experience education provider and educational textbook and book distributor.
C. Credit (Money Lending) Services Business: Mainly operates through its subsidiary, United Worth Finance Limited, which provides credit (money lending) services to eligible enterprises and individuals.
Directors and Management
Executive Directors
Mr. Zhang Siyuan (“Mr. Zhang”), aged 37, has been appointed as an executive Director and Chairman of the Board with effect from 21 June 2023. Prior to joining the Group, Mr. Zhang was the general manager of MDH GmbH from 2016 to 2020 and was engaging in Sino-German import and export trading specializing in metal products, precious metals such as gold, silver and platinum products. In 2017, Mr. Zhang founded Shanghai Zechu Information Technology Co., Ltd.*（上海則初信息科技有限公司）, a company which is principally engaged in metal business, international import and export trade and other cross-border consumer goods and has extensive experience in customs declaration and logistics capabilities in commodity trading, such as iron ore, iron concentrate powder, electrolytic copper, aluminium ingots, chips and integrated circuits. In 2021, Mr. Zhang founded Fias (Hong Kong) Co., Limited in Hong Kong, a company which specializes in cross-border e-commerce and the trading of bulk commodities such as iron ore and electrolytic copper and is committed to developing a cleaner and more environmentally friendly metal recycling and processing business in Southeast Asia. Mr. Zhang graduated from The University of Telecommunications Leipzig, Germany, with a bachelor’s degree in telecommunications engineering in 2011.
Mr. Wang Wendong (“Mr. Wang”), aged 56, has been appointed as an executive Director in May 2018 and re-designated as chief executive officer of the Company in October 2018. Mr. Wang also served as the chairman of the board of the Company from January 2019 to June 2023. Mr. Wang has more than 29 years of extensive experience in real economy investment. Since the 1990s, Mr. Wang has served as a group vice president in an international group of companies. Such group has significant footprint in the PRC Mainland and Hong Kong including international trade, farming, education, culture industry, real estate and consumer goods. During the period as the chairman of the Board, Mr. Wang is responsible for the overall oversight of the metal trading and education management services business as well as strategic development, and helping to expand the customer bases. Mr. Wang has continuously adjusted and enhanced the composition of the Board and management members of the Company to ensure the healthy development of the metal business industry, and successfully introduced a new industry (the educational management service industry) to obtain returns and profits in the year of investment. Positive and favourable responses have been received given the healthy market capitalisation of the Company. With the continuous efforts of Mr. Wang in improving and strengthening the management and internal control, the Company is in a more sound financial position.
Mr. Fung Chi Kin (“Mr. Fung”), aged 74, has been appointed as an executive Director since June 2019 and also appointed as the compliance officer of the Company in August 2019. Mr. Fung is the honorary permanent president of the Chinese Gold & Silver Exchange Society and director of Fung Chi Kin Consulting Limited. Mr. Fung has over 36 years of experience in banking and finance. Prior to his retirement, he was the director and deputy general manager of Po Sang Bank Limited (merged into Bank of China (Hong Kong) Limited in 2001), managing director of BOCI Securities Limited and chief administration officer of BOC International Holdings Limited. From October 1998 to June 2000, Mr. Fung served as a council member of the first Legislative Council of the HKSAR. He also held offices in various public organizations and was the vice chairman of the Stock Exchange, director of the Hong Kong Futures Exchange Limited, director of Hong Kong Securities Clearing Company Limited and Hong Kong Affairs Advisor. Mr. Fung is appointed as an independent non-executive director of Poly Property Group Co., Limited (Stock Code: 119) since May 2021, the shares of which are listed on the Main Board of the Stock Exchange. Mr. Fung served as a non-executive director of Sang Hing Holdings (International) Limited (Stock Code: 1472) from July 2018 to September 2023, the shares of which are listed on the Main Board of the Stock Exchange. Mr. Fung also served as an executive director and compliance officer of China Trustful Group Limited (formerly known as Powerwell Pacific Holdings Limited) (Stock Code: 8265) from March 2019 to October 2019 and from September 2014 to May 2017, the shares of which are listed on GEM of the Stock Exchange. Mr. Fung has been an independent non-executive director of Chaoda Modern Agriculture (Holdings) Limited (Stock Code: 682) since September 2003 and Geotech Holdings Ltd. (Stock Code: 1707) from September 2017 to August 2020 respectively. Mr. Fung has also been an independent non-executive director of China Overseas Nuoxin International Holdings Limited (formerly known as Kenford Group Holding Limited) (Stock Code: 464) from August 2017 to April 2019. Each of the shares of Chaoda Modern Agriculture (Holdings) Limited, Geotech Holdings Ltd. and China Overseas Nuoxin International Holdings Limited are listed on the Main Board of the
Independent non-executive Directors
Mr. Zhou Tianshu (“Mr. Zhou”), aged 48, has been appointed as an independent non-executive Director since September 2018. Mr. 限 公 司 Zhou is currently the (Shenzhen Yunyi General Aviation Technology Limited*) and senior vice president of 深圳雲怡通航科技有 was the executive CEO of Skyho Aviation Technology Co., Ltd.. Mr. Zhou received a bachelor’s degree in engineering from Civil Aviation University of China and a master’s degree in law from Wuhan University. Mr. Zhou has over 24 years of experience in enterprise planning, business investment and risk control. Mr. Zhou has worked in a major state-owned aviation enterprise in the PRC Mainland for over 18 years, mainly in enterprise planning and management positions. Mr. Zhou also held management positions in China Aircraft Leasing Group Holdings Limited (Stock Code: 1848) in Hong Kong, which is listed on the Main Board of the Hong Kong Stock Exchange and its subsidiary, Aircraft Recycling International Limited.
Ms. Wu Liyan (“Ms. Wu”), aged 38, has been appointed as an independent non-executive Director since September 2018. Ms. Wu is currently the marketing director of Pacific International Securities Limited. Ms. Wu received a bachelor’s degree in science from University of Minnesota and a master’s degree in science from New York University. Ms. Wu has more than 14 years of marketing and business development experiences in renowned investment management
Ms. Wong Susan Chui San (“Ms. Wong”), aged 50, has been appointed as an independent non-executive Director since February 2019. Ms. Wong has been a certified practising accountant of the Australian Society of Certified Practising Accountants and a certified public accountant of the Hong Kong Institute of Certified Public Accountants since May 1999 and May 2000, respectively. She is also a member of The Society of Chinese Accountants and Auditors, a fellow and a certified tax adviser of the Taxation Institute of Hong Kong. Ms. Wong has more than 24 years of experience in auditing, accounting and taxation. She is the founder of Messrs. C.S. Wong & Co. and a director of Pan-China (H.K.) CPA Limited. From October 2014 to November 2023, Ms. Wong was an independent non executive director of YNBY International Limited (formerly known as Ban Loong Holdings Limited) (Stock Code: 30) which is listed on the Main Board of the Stock Exchange. From January 2015 to September 2019, Ms. Wong was the chief financial officer and company secretary of Astrum Financial Holdings Limited (Stock Code: 8333) which is listed on GEM of the Stock Exchange. From April 2012 to August 2015, Ms. Wong was as the company secretary of Yin He Holdings Limited (formerly known as Zebra Strategic Holdings Limited) (Stock Code: 8260) which is listed on GEM of the Stock Exchange. From November 2014 to June 2017, Ms. Wong was also the company secretary of Youth Champ Financial Group Holdings Limited (formerly known as Grand Investment International Limited) (Stock Code: 1160) which is listed on the Main Board of the Stock Exchange