Corporate Profile

Chinlink International Holdings Limited is a company listed on the Main Board of the Hong Kong Stock Exchange (Stock Code: 0997). Chinlink provides financial services including supply chain finance, financing guarantees and finance leasing to small and medium-sized enterprises (SMEs) in China and Hong Kong. Chinlink also builds and operates large-scale logistics parks, trade and wholesale centers, and shopping malls. The Group services an extensive client base through its integrated property, financial services and logistics services businesses, creating a unique “finance ecosystem", with operations in Hong Kong, Shaanxi Province and Shenzhen, China.


Our Core Values


Innovation

We ensure our corporate strategy addresses the ever-changing social and technological trends of today through our innovative business model and through our differentiated product offerings. Additionally, we strive to create an environment in which our staff can proactively generate new and creative ideas so as to better serve the needs of our customers.

Integrity

Our employees and customers are core to our success. We recognise that our reputation is dependent on compliance to the highest ethical standards. We are committed to being honest and fair in our dealings with our business partners, customers and employees, as we seek to build long-term relationships with our multiple stakeholders based on trust.

Collaboration

We recognise the importance of a diverse employee base and inclusive work environment that allows us to effectively collaborate with all of our strategic partners and remain competitive in the way we do business.


Chairman’s Message

Chinlink International Holdings Limited and its subsidiaries continues to expand and strengthen its position as a financial services provider focused on the optimisation of supply chain cash flow of SEMs operating in China and Hong Kong. The Group also provides logistics services, targeting the same SME customer base, which we use as a tool to control the collateralised inventory under financing agreements. By integrating financial services with logistics and business operations we are able to create a unique “finance-ecosystem" providing customised supply chain finance solutions to our customers whilst building an effective system to manage credit risk.

Although capital markets in China are maturing, SMEs in China still face tight credit conditions and difficulties in obtaining bank financing due to inadequate credit reference systems and prevailing monetary policies. However, our established finance-ecosystem is able to provide SMEs with comprehensive financial services, including financing guarantee, supply chain finance, and finance leasing services, due to launch in Q3 of 2017/2018.

Chinlink continues to actively seek new partnerships as we look to increase the scale of financing business. In April 2017, the Group officially signed an agreement with Hanzhong City Hantai District Hanjiang Industrial Park Construction Investment Development Company Limited, in relation to a capital injection of approximately RMB100 million into Shaanxi Chinlink Financial Guarantee Limited. This cooperation with the government has provided additional capital for us to expand our business and we expect further benefits from the injection of state-owned capital including an increase in the diversity of our customer base and greater access to bank financing. Also in April 2017, the Group signed an agreement with Zhong Jinlv Investment Holding Company Limited, for a capital injection into Chinlink Finance Lease Company Limited, of approximately RMB120 million. With this, the Group will be able to fast-track the growth of the business and capitalise on the financial and political advantages brought by state-owned capital.

In addition, in order to further enrich our financial service offerings and enhance the synergistic effects, we are in the progress of applying the Internet micro finance and factoring licences. Hopefully, the approvals will be granted in 2017/2018 financial year.

The development of Chinlink • Worldport Integrated Logistics Park located in Hantai District, Hanzhong City of Shaanxi Province, the PRC will not only generate stable rental income for the Group, but the launch of the Daminggong (Hanzhong) Building and Construction Materials Wholesale Center, which is located in Phase One of Chinlink • Worldport, is expected to accelerate the development of Chinlink • Worldport into a significant regional trade and logistics hub. We expect Chinlink • Worldport to generate rental income and management fees and to create synergies with the other Group businesses, supporting our expansion in financial services and providing an expanded customer base for our comprehensive supply chain services, allowing us to realise attractive financial returns over the following years.

We expect our new investments in properties to greatly benefit the Group. In May 2017, the Group acquired a 100% interest in the parcel of land with a site area of approximately 9,100 square meters situated at the junction of Fengcheng Tenth Road and Wenjin Road, Weiyang District, Xi'an, Shaanxi Province, the PRC, and the construction in progress thereon. The Commercial Building comprises a 25-level office development plus a 2-level basement carpark which are currently under construction. On completion, which is expected by Q2 of 2018, the approximate 55,491 square meter gross floor area office complex will be leased. We expect the Commercial Building project to strengthen and expand our client base as new tenants move in, and the rental income generated will enhance our cash flow for investment into our current and new businesses.

Also, we are continuously looking for new investment opportunities in financial services. On June 2017, the Company, Trillion Up Limited, Instant Karma Global Holdings Limited and two independent third parties entered into the an agreement, which enables us to expand our business into dealing in securities, dealing in futures contracts, advising on securities, and asset management upon approval from the Securities and Futures Commission in Hong Kong, which will ultimately allow us to become a more comprehensive financial services provider. With our strong presence in Xi'an, we are optimistic in our ability to introduce other Xi'an, and greater Shaanxi area, companies to the Hong Kong capital markets under the new partnership.

Looking forward, with the recent rapid development of Xi'an brought about by the Belt and Road Initiative and the launching of the China (Shaanxi) Pilot Free Trade Zone on 1 April 2017, we are confident that the region will continue to grow in the coming years, and that we will be able to take advantage of this growth by expanding our businesses through ongoing cooperation with stakeholders and through new partnerships. Our finance-ecosystem business model provides a solid foundation for the integrated supply chain and financial services businesses, and the Group will continue to seek experienced and talented individuals, as well as select appropriate partnerships in China, to help us build a stronger business.

Last but not least, I would like to express my appreciation for the continued support from our shareholders, and the diligent contribution from the management team and all co-workers throughout the year. I look forward to working closely with every one of you, in leading Chinlink towards becoming an outstanding financial services provider.

Li Weibin
Chairman

Hong Kong, 30 June 2017

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Directors & Senior Management

Executive Directors

Mr. LI Weibin

Mr. LI joined the Group as an Executive Director since 27 January 2012 and was re-designated as Chairman and Managing Director on 18 February 2012. Mr. Li holds a Bachelor Degree in Applied Electronics from Xi'an Technological University and an Executive MBA from Xi'an Jiaotong University. Since early 2000, Mr. Li has been engaged in research, production and sales of electronic components and materials, computer software and hardware as well as research and sales of computer related equipment. He has also been engaged in property development, planning and sales and property management, other property related investments, cultural and entertainment businesses.His businesses are present in Beijing, Xi'an and Hong Kong.

Mr. SIU Wai Yip

Mr. SIU joined the Group as an Executive Director since 27 January 2012. Mr. Siu holds a Bachelor of Arts Degree from The University of Hong Kong. He has over 10 years' of experience in banking and financing and previously held executive positions in various major international banks, with specialisation in trade financing and corporate banking. Prior to joining the Group, he was appointed as an Executive Director of Matsunichi Communication Holdings Limited (now known as Goldin Properties Holdings Limited, Stock Code: 283) from January 2005 to February 2006. He was an Executive Director of Vincent Intertrans (Holdings) Limited (now known as Shanghai Industrial Urban Development Group Limited, Stock Code: 563) from July 1998 to May 1999. The shares of these two companies are listed on the Main Board of Hong Kong Stock Exchange.

Ms. LAM Suk Ling, Shirley

Ms. Lam joined the Group since 27 January 2012 and is currently in the role of Chief Financial Officer and Company Secretary for the Group. She was appointed as an Executive Director on 18 February 2012. She holds a Master Degree in Business Administration from The University of Adelaide, Australia and a Bachelor Degree in Science from Murdoch University, Western Australia. She is qualified as a Certified Public Accountant of Hong Kong Institute of Certified Public Accountants and a Certified Practising Accountant of CPA Australia. Ms. Lam has over 20 years' of experience in auditing, accounting and financial management, and also worked for various international audit firms and listed companies. Prior to joining the Group, Ms. Lam was an Executive Director of Jackin International Holdings Limited (now known as AMCO United Holding Limited, Stock Code: 630), a company whose shares are listed on the Main Board of the Hong Kong Stock Exchange, from February 2010 to December 2011. She also worked for various international audit firms and listed companies.

Mr. LAU Chi Kit

Mr. Lau joined the Group as an Independent Non-Executive Director since 18 February 2012, and he was re-designated as an Executive Director on 18 September 2013. Mr. Lau retired from The Hong Kong and Shanghai Banking Corporation Limited (“HSBC") in late December 2000 after more than 35 years' of service. Amongst the major positions at HSBC, he served as Assistant General Manager and Head of Personal Banking Hong Kong, Head of Strategic Implementation for Asia-Pacific Region. Mr Lau is a Fellow of the Hong Kong Institute of Bankers (the “Institute"). He served as the Chairman of the Institute's Executive Committee (from January 1999 to December 2000) and is currently the Honorary Advisor of the Institute's Executive Committee. He has served as a Member on a number of committees appointed by the Government of Hong Kong Special Administrative Region, including the Advisory Council on the Environment (from October 1998 to December 2001), the Advisory Committee on Human Resources Development in the Financial Services Sector (from June 2000 to May 2001), the Corruption Prevention Advisory Committee of the Independent Commission Against Corruption (from January 2000 to December 2003), the Environment and Conservation Fund Committee (from August 2000 to October 2006), the Innovation and Technology Fund (Environment) Projects Vetting Committee (from January 2000 to December 2004) and the Law Reform Commission's Privacy Sub-committee (from February 1990 to March 2006). Mr Lau also served as Chairman of the Business Environment Council Limited (from September 1998 to December 2001). Currently, he is also an Independent Non-Executive Director of Highlight China IoT International Limited (previously known as Ford Glory Group Holding Limited, Stock Code: 1682), Century Sunshine Group Holdings Limited (Stock Code: 509), Royale Furniture Holdings Limited (Stock Code: 1198), Leoch International Technology Limited (Stock Code: 842) and Janco Holdings Limited (Stock Code: 8035). The shares of the first four companies mentioned above are listed on the Main Board of the Hong Kong Stock Exchange and the last company mentioned above is listed on the Growth Enterprise Market of the Hong Kong Stock Exchange.

Non-Executive Director

Ms. FUNG Sau Mui

Ms. Fung joined the Group in 1976. Ms. Fung was an Executive Director, Director of Finance and Administration as well as Chief Financial Officer of the Group and resigned from her positions and was re-designated as Non-Executive Director since 18 February 2012. Ms. Fung has over 30 years' of experience in financial management, accounting, costing, material sourcing and purchasing, and personnel management.

Independent Non-Executive Directors

Dr. HO Chung Tai, Raymond

Dr. Ho joined the Group as an Independent Non-Executive Director since 17 December 2013. Dr. Ho is a former member of the Legislative Council (1996-2012), a former Hong Kong Deputy to the 10th & 11th National People's Congress and the past President of the Hong Kong Institution of Engineers (1987-1988). He holds a Doctorate degree in Civil Engineering from the City University of London, United Kingdom, an Honorary Doctorate of Laws from the University of Manchester, United Kingdom, an Honorary Doctorate of Business Administration from the City University of Hong Kong, a Bachelor's degree in Engineering from the University of Hong Kong and a Postgraduate Diploma in Geotechnical Engineering from the University of Manchester, United Kingdom. Currently, Dr. Ho is the Chairman of the Advisory Committee for the Guangdong Daya Bay Nuclear Plant and LingAo Nuclear Plant Safety Consultative Committee (2005-present) and Professional Advisor to The Ombudsman of Hong Kong (Engineering and Surveying) (1995-2013, 2015-present). He has served as a Board Member of the Airport Authority Hong Kong (2008-2014), the former Chairman of the Hong Kong Trade Development Council Infrastructure Development Advisory Committee (2009-2013) and the Founding Council Chairman of the City University of Hong Kong (1992-1994). He is also an Independent Non-Executive Director of China State Construction International Holdings Limited (Stock Code: 3311), GCL-Poly Energy Holdings Limited (Stock Code: 3800) and Deson Development International Holdings Limited (Stock Code: 262) and AP Rentals Holdings Limited (Stock Code: 1496). The shares of these four companies mentioned above are listed on the Main Board of the Hong Kong Stock Exchange.

Ms. LAI Ka Fung, May

Ms. Lai joined the Group as an Independent Non-Executive Director since 18 February 2012. Ms. Lai obtained a Master Degree of Arts in International Accounting from the City University of Hong Kong in 2001. She has been a Member of the Hong Kong Institute of Certified Public Accountants since 1999 and is a Fellow of The Association of Chartered Certified Accountants since 2003. She is the sole proprietor of May K. F. Lai & Co., Certified Public Accountant, and has been engaged in the audit field for more than 20 years. She is also an Independent Non-Executive Director of Emperor Watch & Jewellery Limited (Stock Code: 887) and Emperor Entertainment Hotel Limited (Stock Code: 296). The shares of these two companies mentioned above are listed on the Main Board of the Hong Kong Stock Exchange.

Ms. CHAN Sim Ling, Irene

Ms. Chan joined the Group as an Independent Non-Executive Director since 18 February 2012. She graduated with a Bachelor of Laws Degree from The University of Hong Kong in 1985. Ms. Chan is a retired solicitor with over 18 years' of experience serving as an Independent Non-Executive Director of listed companies. She is an Independent Non-Executive Director of Emperor Culture Group Limited (previously known as See Corporation Limited, Stock Code: 491) and Emperor Watch & Jewellery Limited (Stock Code: 887). She was also an Independent Non-Executive Director of Emperor Entertainment Hotel Limited (Stock Code: 296) and New Media Group Holdings Limited (now known as Evergrande Health Industry Group Limited, Stock Code: 708), and retired in August 2013 and March 2015 respectively. The shares of these four companies mentioned above are listed on the Main Board of the Hong Kong Stock Exchange.

Senior Management

Ms. LEE Wing Yan, Joanne

Ms. Lee joined the Group on 17 October 2011. She is currently the Corporate Development and Communications Director and is responsible for the Group's strategic planning, corporate communications and investor relations. Ms. Lee holds a Master Degree in Business Administration from The Chinese University of Hong Kong. She also obtained a Bachelor Degree in Business Studies from the City University of Hong Kong and graduated with first class honors. Ms. Lee has over 10 years' of marketing and business development experience in consumer electronics and IT industries. Prior to joining the Group, Ms. Lee served as a Visiting Fellow at the City University of Hong Kong, Department of Marketing from July 2008 to October 2011. Her teaching areas included Strategic Marketing, Relationship Marketing and Services Marketing.

Mr. MAG Chiu Fai

Mr. Mag joined the Group on 26 March 2012. He is the Financial Controller and is responsible for the Group's financial management and accounting matters. Mr. Mag holds a Bachelor Degree in Accountancy from The Hong Kong Polytechnic University and is qualified as a Certified Public Accountant of Hong Kong Institute of Certified Public Accountants and is a Fellow of The Association of Chartered Certified Accountants. Mr. Mag has over 15 years' experience in auditing, accounting and financial management. He also worked for two international audit firms. Prior to joining the Group, Mr. Mag was a Senior Accounting Manager of Nan Hai Corporation Limited (Stock Code: 680), a company whose shares are listed on the Main Board of the Hong Kong Stock Exchange, from November 2005 to July 2010.

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Group Structure

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Milestones

Mar 2000

Listed on the Main Board of the Hong Kong Stock Exchange, focused on interior design and renovation, and furniture manufacturing.

Jan 2012

Mr. Li Weibin acquired control and changed the company name to Chinlink International Holdings Limited.

Jul 2012

Commenced logistics business in Xi'an, Shaanxi Province.

Jun 2013

Approved by the Financial Affairs Office of Shaanxi Province to establish the first wholly foreign-owned financing guarantee enterprise in Shaanxi Province.

Jun 2014

Acquired land and commenced development of Phase One of Chinlink ‧ Worldport Integrated Logistics Park in Hanzhong, Shaanxi Province.

May 2015

Approved by Shaanxi Provincial Department of Commerce to establish a finance leasing enterprise.

Jun 2015

Started supply chain finance businesses in Hong Kong, Shenzhen and Xi'an.

Aug 2015

Acquired the Daminggong Construction Materials and Furniture Shopping Center (Dongsanhuan Branch) located in Xi'an.

Sep 2015

Approved by Xi'an Customs to set up the only Southern Shaanxi import bonded warehouse in Chinlink ‧ Worldport.

Oct 2015

Entered into a LOI with the Hantai District People's Government of Hanzhong Municipality to co-develop national Chinese herbal medicine trading base in Chinlink ‧ Worldport.

Apr 2017

Acquired the office development in Xi'an from Mr. Li Weibin.

Apr 2017

Agreement signed with the investment company of the Municipal Government of Hanzhong for investment in Chinlink's Financing Guarantee business.

Apr 2017

Agreement signed with Shaanxi Tourism Group for investment in Chinlink's Finance Leasing business.

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Corporate Governance

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Corporate Information

Executive Directors
Mr. Li Weibin, Chairman and Managing Director
Mr. Siu Wai Yip
Ms. Lam Suk Ling, Shirley
Mr. Lau Chi Kit
Non-executive Director
Ms. Fung Sau Mui
Independent Non-executive Directors
Dr. Ho Chung Tai, Raymond
Ms. Lai Ka Fung, May
Ms. Chan Sim Ling, Irene
Company Secretary
Ms. Lam Suk Ling, Shirley
Registered Office
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Head Office &
Principal Place of Business in Hong Kong
Suites 5-6, 40/F., One Exchange Square,
8 Connaught Place, Central, Hong Kong
Principal Bankers
The Hongkong and Shanghai Banking Corporation Limited
OCBC Wing Hang Bank Limited
Standard Chartered Bank (Hong Kong) Limited
DBS Bank (Hong Kong) Limited
China Minsheng Banking Corporation Limited
Chang'an Bank Co., Limited
Shanghai Pudong Development Bank Co., Ltd
Industrial and Commercial Bank of China Limited
Industrial and Commercial Bank of China (Asia) Limited
Hang Seng Bank Limited
Principal Share Registrar &
Transfer Office
Estera Management (Bermuda) Limited
Canon's Court
22 Victoria Street
Hamilton HM 12
Bermuda
Hong Kong Branch Share Registrar &
Transfer Office
Tricor Standard Limited
Level 22, Hopewell Centre
183 Queen's Road East
Hong Kong
Auditor
Deloitte Touche Tohmatsu
Certified Public Accountants
Legal Advisers
Michael Li & Co.
DLA Piper Hong Kong
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Awards & Recognition

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