Organised by the Federation of Hong Kong Industries (“FHKI”), the 2020 Young Industrialist Awards of Hong Kong (“YIAH”) and Industrialist of the Year Award (“IOY”) Presentation Ceremony concluded successfully today (13 November). The HKSAR Chief Executive Mrs Carrie Lam was invited as the Guest-of-Honour. This year, the 2020 IOY was conferred on Dr Lee Wan-keung, Honorary Chairman of Lee & Man Paper Manufacturing Ltd, and 10 outstanding young industrialists were awarded the 2020 YIAH. The awardees of YIAH are Polygroup Holdings Ltd CEO Elmer Cheng; Momax Technology (Hong Kong) Ltd Founder & CEO Cheng Tung-sang; Ming Fai International Holdings Ltd Vice President and Executive Director Ching Tsun-wah; Comba Telecom Systems Holdings Ltd Executive Director and Senior Vice President Annabel Huo; Renley Watch Manufacturing Company Ltd Executive Director Lau Sun-tao; Uni-Bio Science Group Chairman Kingsley Leung; Suga International Holdings Ltd Executive Director, CTO and CEO, EMS Division Dr Ng Man-cheuk; Wilson Garment Accessories (International) Ltd Managing Director Terry Ting; ST International Holdings Company Ltd Chairman and Executive Director Kelvin Wong; and Town Ray Holdings Ltd Executive Director Yu Kwok-wai.

As the flagship event of FHKI, IOY and YIAH Presentation Ceremony has awarded over 19 IOY and 237 YIAH awardees since its inception. Even though 2020 marks a year of formidable challenges for Hong Kong industries, many industrialists have mapped out quick-to-deploy business strategies under the new normal to build resilience and conquer adversity. With immense creativity, technology know-how alongside the insatiable desire to innovate, these industrialists have surmounted the challenges with great capabilities to unlock new growth. Thus, the presentation of IOY and YIAH has served as a medal for excellence, in recognition of the exceptional contributions made by award-winning industrialists.

FHKI Chairman Dr Daniel Yip said: “This year, we have received many high-quality nominations in the preliminary round. This has shown a strong pool of promising industrialists in Hong Kong. Following rigorous assessments by the judging panel, 10 industrialists were shortlisted as YIAH winners. Their businesses cover a wide range of industries, spanning across plastic products, electronic and electrical products, hospitality and aviation supplies, telecommunications, clocks and watches, pharmaceuticals, and textiles and accessories. YIAH will continue to be a source of encouragement for the younger generations to pursue a career in the industrial sector, thereby injecting a fresh impetus to industry growth. With concerted efforts in re-industrialisation being put in place by the Government, we are stepping forward in revitalising legacy industries and scaling industrial success to new heights.”

This year, Dr Lee Wan-keung is honoured the Industrialist of the Year Award, by the judging panel unanimously for his remarkable accomplishments. Well-known as the “King of Paper Manufacturing”, Dr Lee is the founder of Lee & Man Paper Manufacturing Ltd. Possessed of unique outlooks and forward-looking insights, Dr Lee has made strides in transforming the company into one of the five largest paper and pulp manufacturers in the world. In addition to Lee & Man Paper, Dr Lee has seized opportune times to establish plants for cassette tapes, handbags and chemicals, all of which have performed exceptionally, thus making him the leader in all of these industries.

On top of his outstanding achievements in the business sector, Dr Lee is committed to giving back to society with education sponsorships and bursaries, offered in his hometown Hainan, and in Guangdong, Beijing, Guizhou and Hunan. He has also substantially contributed to charitable activities in Mainland China. Such generosity has brought him honours and accolades at national and municipal levels, such as China Charity Award from the Chinese Ministry of Civic Affairs in 2005; honorary citizen of Dongguan; and “Exemplary Patriot (赤子楷模)” conferred by the People’s Government of Hainan Province.

FHKI first organised the YIAH in 1988 and the IOY in 2002, aiming to give public recognition to outstanding industrialists for their distinguished achievements and contributions to local industries and economic development.
Biographies of the 10 YIAH awardees are as follows:

Elmer Cheng joined Polygroup Holdings Ltd in 2009. He is heavily involved in all daily operations of production, purchasing, quality and sales, with a clear focus on empowering and growing talented colleagues around him. Steering a team of over 16,000 talents across five continents, he has created a dynamic network that continuously propels the company to attain revenue benchmarks year after year. At the same time, Mr Cheng also devotes much of his attention to each and every customer of Polygroup to gain positive work relationships and consumer satisfaction. This ultimately ensures Polygroup has a robust reputation in the industry which will naturally lead to further business growth and recognition.

Cheng Tung-sang founded Momax Technology (Hong Kong) Ltd in 2004. Achievements of their products are demonstrated by some of the most widely-acclaimed international and local design awards, such as “Red Dot Product Design Award” and the “Hong Kong Smart Gift Design Award”. MOMAX is also an approved partner of three major mobile phone brands in the world, including “Apple”, “Samsung” and “Huawei”, getting recognition from top-tier businesses. He also actively expands the development of overseas markets, and the products are exported to Japan, South Korea, Southeast Asia, the United States, Canada, Australia, New Zealand and Europe, more than 50 countries and regions around the world currently.

Ching Tsun-wah joined Ming Fai International Holdings Ltd in 2006. He has actively involved in both hospitality supply business and product development of the Group, as well as encouraged the innovation of its own products. With extraordinary global perspectives and enterprising mindsets, he has led the Group to manufacture eco-friendly five star-rated products made up of sustainable components for the environmentally conscious international market. It has successfully launched different environmentally-friendly product lines for the discerning clientele. Furthermore, he is enthusiastic in giving back to the society. In response to the COVID-19, he swiftly devised a new business strategy to develop and launch a range of high-quality and value-for-money disinfectant products and donated to those in need.

Annabel Huo joined Comba Telecom Systems Holdings Ltd in 2010 and started leading the international division in 2016 where she is responsible for strategic planning, management and operation of the Group’s global business. Under her leadership, the international business division achieved over 80% growth in both gross profit and revenue over the past four years. Notably, Ms Huo successfully turned around various regional businesses from loss-making to profitability during that period. The Group has grown to become a leading supplier of wireless and information communications systems and services with its own R&D and manufacturing base. With operations all over the globe, the Group is at the forefront of 5G and IoE (Internet of Everything) network development.

Lau Sun-tao joined Renley Watch Manufacturing Company Ltd in 2007. With his efforts, three Swiss watch brands “Buler”, “Jean d’Eve” and “Sultana”, and the local watch brand “Temporis” have been successfully promoted to overseas and Greater China Region markets in several years, comprised of more than 200 sales and distribution networks all over the world during the peak. Committed to the sustainability of family business specialising in OEM/ODM, he noticed that the tariff concessions brought by CEPA have slashed production costs, and with the privileges brought by all the well-equipped production lines in Switzerland, Hong Kong and Mainland China, the Group has successfully led the OEM/ODM watch market.

Kingsley Leung joined Uni-Bio Science Group in 2013. He has been dedicated to realising his vision of developing cutting-edge drugs with world-class science and technologies. Raising over RMB 150 million to embark on this vision, he started investing across the company value chain. On the R&D side, he moved the Headquarters to Hong Kong Science Park, pioneered a new product development plan and steered the existing R&D platform towards a focus on new biologic formulation technology. On the manufacturing side, the Group put in place a new, state-of-the-art pre-filled sterile injection manufacturing line to support the commercialisation of two new osteoporosis and diabetes drugs. At the end of 2019, the Group reached a new sales milestone of over RMB 200 million.

Dr Ng Man-cheuk joined Suga International Holdings Ltd in 2014. He founded an R&D team to focus on AI, IoT and mobile applications, hence the reason why the Group is able to consistently develop advanced, high-standard products. The innovative capabilities can also bring new business opportunities, as reflected by revenue that has increased at a CAGR of 6.2% between 2014 and 2019. For the same reason, the Group has been awarded numerous patents, registered many trademarks globally and earned numerous awards, such as Certificate of Merit at “Asia Smartphone Apps Contest”, and “Outstanding Solution/Product” at Asian Electronics Forum.

Terry Ting joined Wilson Garment Accessories (International) Ltd in 2004. He set up a sales office in New York in 2006 and successfully built a strong local sales team which has contributed over 500% sales growth in these years. Realising the previous clientele was mainly from the US market, he also expanded the customer base to include clients from Europe and Mainland China, which led the Group to successfully become the core suppliers of a range of well-known brands. In February this year, when mask supply was scarce in Hong Kong during the COVID-19 outbreak, he flexibly led the team to set up a mask factory in Hong Kong. Within a short period of time, two mask production lines were launched with ISO14644 and ASTM F2100 Level 3 certificates obtained.

Kelvin Wong joined ST International Holdings Company Ltd in 1999. He strengthened management of the business, and digitised the operation of the traditional enterprise by implementing Enterprise Resource Planning (ERP) to revamp legacy ordering, manufacturing and inventory management processes. The digital transformation has enhanced production throughput and operational efficiency. More importantly, he deployed resources into setting up a R&D Department which expanded their product range and gained a better market position in the industry. As he took change of the management, efficiency and the scale of the business improved substantially, with the number of employees increased from 3,000 to 10,000.

Yu Kwok-wai was promoted as Town Ray Holdings Ltd Executive Director in 2017. Having developed the Group’s core technology, he strategically transformed the OEM business to become an advance product developer, industrial designer and manufacturer of its own ODM products. The Group now has its own R&D capability specialising in mid-to-high end products with diversified technical patents. He overcame all the difficulties and led the Group to become a listed company on the main board of the Hong Kong Stock Exchange in 2019.

The 2020 Awards are jointly sponsored by the Bank of China (Hong Kong) Ltd, China Construction Bank (Asia) Corporation Ltd, The Hongkong and Shanghai Banking Corporation Ltd, Hong Kong Science & Technology Parks Corporation, Hong Kong Young Industrialists Council, and Shanghai Commercial Bank. CLP Power Hong Kong Ltd is the Awards’ publication sponsor. AQUEEN, a brand of WCJ (Holdings) Co Ltd, is the trophy sponsor.

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