Hong Kong, October 15, 2024 – SY Holdings Group Limited ("SY Holdings" or the "Group"; Stock Code: 6069.HK) has announced the appointment of Mr. Sun Wei Yong as Independent Non-Executive Director, effective October 15, 2024. This appointment coincides with the resignation of Mr. Chen Renze as Executive Director, who will now focus exclusively on leading philanthropic initiatives through the SY Foundation.
Mr. Sun Wei Yong, a fifth-generation descendant of Dr. Sun Yat-Sen, brings exceptional public service credentials to the SY Holdings board. His distinguished roles include serving as Deputy to the 14th National People's Congress (HK Delegation), Vice Chairman of the China Council for the Promotion of Peaceful National Reunification (HK), Council Member of the China Overseas Friendship Association, and leadership positions in several heritage foundations including the Soong Ching Ling Foundation. A graduate of Cornell University's School of Hotel Administration (1994), Mr. Sun has accumulated over 30 years of hospitality industry experience, having held senior executive positions at The Hongkong and Shanghai Hotels, Limited (0105.HK), CK Asset Holdings Limited (1113.HK), and Wharf Holdings Limited (0004.HK). He later founded PROLINK HOTEL DEVELOPMENT LIMITED, where he specialised in tourism project planning and asset management.
"As Hong Kong's pioneering listed supply chain technology platform, we are honoured that Mr. Sun recognis es our mission to make 'supply chains more efficient and finance more inclusive'," stated SY Holdings. "His macroeconomic insights as a National People's Congress deputy will significantly strengthen our corporate governance and strategic decision-making capabilities as we continue to advance our inclusive finance initiatives and create value for stakeholders."
The transition marks the departure of Mr. Chen Renze after a decade of leadership in SY's factoring operations, during which he facilitated RMB 210 billion in financing for over 16,000 small and medium enterprises. Mr. Chen will now dedicate his efforts to expanding the SY Foundation's impactful programs, including "Angels' Heartbeat" for child healthcare, "Youth Empowerment" education initiatives, and "Rural Revitalization" projects. "Mr. Chen's unwavering dedication has been instrumental to our growth and success," SY Holdings acknowledged. "We are confident that his philanthropic leadership will further amplify our 'Light of Kindness' vision and create lasting positive impact in communities."
This board transition reinforces SY Holdings' commitment to strong corporate governance while maintaining its focus on social responsibility. The appointment of Mr. Sun brings valuable policy perspective and independent oversight, while Mr. Chen's move to lead the SY Foundation ensures continuity in the Group's commitment to corporate citizenship and sustainable development.
