Appointment of Independent Non-Executive Director

January 25, 2016

The Group is pleased to announce the appointment of Mr. Cheng Fu Kwok, David to the Holdings Board of the TCC Shipping Group with effect from 1st January 2016. Mr. Cheng has served in senior management positions at a number of renowned banks and financial institutions for over 30 years and gained extensive experience in banking, corporate finance and shipfinance. Mr. Cheng is currently a member of the Working Group on Transportation under the Hong Kong Economic Development Commission, and also a member of the Hong Kong Maritime Industry Council of Transport and Housing Bureau. 

 Mr. Kenneth Koo, Chairman of the Board, said: “While TCC Group sets its sights on continuing to excel in the second century of its history on the foundation of TCC's core values of Accountability, Credibility, Reliability, and Trust, the leadership of the Board with strong vision and governance is instrumental in guiding the Group forward in the challenging shipping market. The Board will benefit from the appointment of Mr. Cheng with his broad knowledge, experience and expertise across the spectrum of banking, commercial and public sectors. On behalf of the Board, I extend our warmest welcome to Mr. Cheng and look forward to his valuable contribution and wise counsel. ”