Corporate Governance

Board Committees

Lo Kai Bong

Chairman and Executive Director

Mr. Lo had been a Non-executive Director of Summit Ascent Holdings Limited (the “Company” and together with its subsidiaries, the “Group”) since December 2018 until he was re-designated as an Executive Director of the Company and appointed as the Deputy Chairman of the board of the Company on 26 April 2019. He is a director of certain subsidiaries of the Company. Mr. Lo is currently an executive director of LET Group Holdings Limited (stock code: 1383, “LET Group”), a company listed on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) and the substantial shareholder of the Company. Mr. Lo has been involved in the business development of LET Group’s overseas businesses. Mr. Lo is also responsible for the corporate management, mergers and acquisitions of LET Group and is experienced in the gaming industry. Mr. Lo has also been appointed as a director and the chairman of Suntrust Resort Holdings, Inc. (stock code: SUN, “Suntrust”) since May 2021 and October 2021 respectively, a company listed on The Philippine Stock Exchange, Inc. and an indirect non-wholly owned subsidiary of LET Group.

Mr. Lo is the brother-in-law of Mr. Chiu King Yan, an Executive Director of the Company. Mr. Lo has obtained a Bachelor of Arts degree from The University of Winnipeg in Canada.

Chua Ming Huat David

Chief Executive Officer, Executive Director

Mr. Chua has been appointed as Executive Director and Chief Executive Officer of the Company with effect from 1 May 2021. He is a Malaysian who has lived and worked in Hong Kong in various roles since 1987. He is currently the chairman of Travellers International Hotel Group, Inc., the developer and operator of Resorts World Manila (stock code: RWM), which was listed on The Philippine Stock Exchange, Inc. until its voluntary delisting on 21 October 2019. Mr. Chua has also been appointed as the president and a director of Suntrust since May 2021.

Mr. Chua was a director of Global Ferronickel Holdings, Inc. (stock code: FNI) from June 2016 to July 2020, a company listed on The Philippine Stock Exchange, Inc.. He also served as an independent director of CIMB Investment Bank Berhad, Malaysia from February 2015 to January 2017. Mr. Chua was the chief operating officer of Genting Berhad (stock code: 3182, “Genting”) from September 2006 to February 2007, a company listed on Bursa Malaysia and the president of Genting Hong Kong Limited (stock code: 678) from May 2007 to January 2015, a company listed on the Hong Kong Stock Exchange. He was also a director of Norwegian Cruise Line Holdings Ltd. (stock code: NCLH) from July 2011 to March 2015, a company listed on the New York Stock Exchange. Prior to joining Genting, Mr. Chua held various positions in the investment banking business in Hong Kong, Singapore and Malaysia for over 20 years. He had also served as a director and member of the Listing Committee of the MESDAQ market of Bursa Malaysia Securities Berhad. Mr. Chua possesses a Bachelor of Arts degree in Political Science and Economics from Carleton University, Ottawa, Canada.

Chiu King Yan

Executive Director

Mr. Chiu has been an Executive Director of the Company since April 2019. He is the company secretary and chief financial officer of LET Group. Mr. Chiu is a director of certain subsidiaries of the Company. Mr. Chiu has over 20 years of experience in audit, accounting, private equity investment and corporate finance, obtained from his previous working experience in international accounting firms and various listed companies in Hong Kong. Mr. Chiu is currently an independent non-executive director of ICO Group Limited (stock code: 1460) and Hailiang International Holdings Limited (stock code: 2336), both companies are listed on the Hong Kong Stock Exchange.

Mr. Chiu holds a master’s degree in financial analysis from The Hong Kong University of Science and Technology and a bachelor’s degree in business administration in Accountancy from The City University of Hong Kong. He is a member of the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and a fellow member of the Association of Chartered Certified Accountants (“ACCA”) in the United Kingdom. Mr. Chiu is a brother-in-law of Mr. Lo Kai Bong, Executive Director and Deputy Chairman of the Company

Lam Kwan Sing

Independent Non-executive Director

Mr. Lam has been an Independent Non-executive Director of the Company since June 2019. He is also the chairman of the remuneration committee and corporate governance committee and a member of the audit committee and nomination committee of the Company.

Mr. Lam has over 23 years of experience in the commercial and corporate finance field. Currently he is an executive director and chief executive officer of SFund International Holdings Limited (stock code: 1367), and is also an independent non-executive director of Aceso Life Science Group Limited (stock code: 474, formerly known as Hao Tian Development Group Limited), both of which are listed on the Hong Kong Stock Exchange. In addition, Mr. Lam is a director of China Natural Resources Inc. since 2003 (stock code: CHNR), a company listed on NASDAQ. Mr. Lam has obtained a Bachelor of Arts in Accountancy degree from the City University of Hong Kong.

Lau Yau Cheung

Independent Non-executive Director

Mr. Lau has been an Independent Non-executive Director of the Company since October 2018. He is also the chairman of the nomination committee and a member of the audit committee and remuneration committee of the Company.

Mr. Lau has over 27 years of experience in business strategies and corporate finance and 7 years of experience in the securities trading business. He has served in various senior management positions with both private and public companies in Hong Kong and overseas. Mr. Lau was an independent non-executive director and chairman of the board of the directors of Sandmartin International Holdings Limited (stock code: 482) from August 2017 to August 2021, an independent non-executive director of Walderly International Holdings Limited (stock code: 607, now known as Fullshare Holdings Limited) from September 2005 to August 2006, and an executive director of APAC Resources Limited (stock code: 1104) from April 2004 to October 2007, all of these companies are listed on the Hong Kong Stock Exchange. Mr. Lau also serves as the managing director of BH Capitalink Development Limited. Mr. Lau holds a bachelor’s degree in commerce from the University of Toronto in Canada.

Li Chak Hung

Independent Non-executive Director

Mr. Li has been an Independent Non-executive Director of the Company since October 2018. He is also the chairman of the audit committee and a member of the corporate governance committee of the Company.

Mr. Li has over 30 years’ experience in accounting, auditing, taxation and financial management. Mr. Li is currently an independent non-executive director of Asiasec Properties Limited (stock code: 271) and Alpha Professional Holdings Limited (stock code: 948), and he was an independent non-executive director of Sandmartin International Holdings Limited (stock code: 482) from September 2016 to August 2021 and DreamEast Group Limited (stock code: 593) from October 2004 to December 2019, all of these companies are listed on the Hong Kong Stock Exchange. Mr. Li is graduated from The Chinese University of Hong Kong and holds a Bachelor’s Degree of Business Administration. He is a practising Certified Public Accountant of HKICPA and a Fellow of The Taxation Institute of Hong Kong.

Senior Management

Stylianos Tsifetakis

Chief Operating Officer – Russian Operations

Mr. Tsifetakis has joined the Group in a senior management capacity since September 2014. Mr. Tsifetakis has over 22 years of experience in the casino and hospitality industry. Prior to joining the Group, he was the Director of Operations at Regency Casino Mont Parnes and a director at Hyatt Regency Casino, both of which are located in Greece. Mr. Tsifetakis also held senior managerial roles in various world class hotels in multiple jurisdictions including the United Kingdom, Romania and Kazakhstan.

Mr. Tsifetakis holds a casino management certificate in Greece and graduated from London South Bank University in the United Kingdom with a Bachelor of Arts (Honours) degree in hotel management.

Yip Ho Chi

Finance Director

Mr. Yip has been Finance Director of the Company since October 2013. He is a director of a subsidiary of the Company. Prior to joining the Company, Mr. Yip was the chief financial officer of MelcoLot Limited (stock code: 8198, now known as Loto Interactive Limited), a company listed on the Hong Kong Stock Exchange, from June 2009 to October 2013. Before this, he had been serving as an executive director, finance director and company secretary of Sandmartin International Holdings Limited (stock code: 482), a company listed on the Hong Kong Stock Exchange from March 2000 to June 2009. Mr. Yip was also an audit manager of Deloitte Touche Tohmatsu with whom he worked for over seven years.

Mr. Yip graduated from The University of Hong Kong with a Bachelor of Business Administration degree. He is a fellow member of both ACCA in the United Kingdom and HKICPA.

Committee Members

  • Li Chak Hung (Chairman)
  • Lam Kwan Sing
  • Lau Yau Cheung
  • Lam Kwan Sing (Chairman)
  • Li Chak Hung
  • Lau Yau Cheung (Chairman)
  • Lam Kwan Sing
  • Lam Kwan Sing (Chairman)
  • Lau Yau Cheung

GOVERNANCE DOCUMENTS​

Description Files
Updated list of Directors
Terms of Reference for the Corporate Governance Committee
Terms of Reference for the Nomination Committee
Terms of Reference for the Remuneration Committee
Terms of Reference for the Audit Committee
Board Diversity Policy
Shareholders Communication Policy
Procedures for Shareholders to Propose a Person for Election as Directors
Memorandum of Association and Bye-laws