Hong Kong Technology Venture appoints new chairman, co-founder steps down

Hong Kong Technology Venture Company Limited (HKTV) announced a leadership change, with Mr. Mak Wing Sum, Alvin, an independent non-executive director, appointed as the new chairman of the board, effective September 1, 2025. He will succeed Mr. Cheung Chi Kin, Paul, who will step down as chairman but continue as an executive director and a member of the executive and investment committees. Mr. Cheung, a co-founder of the Group, confirmed no disagreement with the board regarding this transition.

Mr. Mak, 72, has served as an independent non-executive director since September 2013 and holds memberships on the Audit, Nomination, Remuneration, and Investment Committees. He is a Chartered Accountant and a member of both the Canadian Institute of Chartered Accountants and the Hong Kong Institute of Certified Public Accountants. His extensive experience includes over 26 years at Citibank, where he retired as head of markets and banking for Citibank Hong Kong in May 2012, and current independent non-executive directorships at several other listed companies.

Effective September 1, 2025, Mr. Mak will receive an annual emolument of HK$380,000.00 as an independent non-executive director and chairman. This remuneration package was recommended by the Remuneration Committee and determined by the board, reflecting his responsibilities, time commitment, and prevailing market conditions.