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EC World Real Estate Investment Trust ANNUAL REPORT 2016
Mr Zhang Guobiao
Chairman and
Non-Executive Director
Mr Zhang was appointed as Director on 14 May 2015 and
Non-Executive Chairman of the Board on 21 June 2016.
He is also a member of the Nominating and Remuneration
Committee.
Mr Zhang is the Chairman of the Sponsor, Forchn Holdings
Group Co., Ltd., and has held this position since June
1998. He is also the founder of Forchn Trading Co., the
predecessor of Forchn Holdings Group Co., Ltd., which
was incorporated in 1992 as a construction materials
company in Shanghai. Under his leadership, the small
construction materials firm grew into a conglomerate
with diversified businesses in manufacturing, real estate,
logistics, e-commerce and finance.
Following the Zhejiang Provincial Government’s campaign
in 2006 for successful Zhejiang businessmen residing
outside Zhejiang to return and invest in the province, Mr
Zhang led the acquisition and modernisation of one of
the key inland ports in the PRC, namely Chongxian Port
in Hangzhou.
This was followed by the development of an integrated
warehouse under Chongxian Port Logistics, which
complemented the service of the 23 berths operated
by Chongxian Port. In 2007, Mr Zhang spearheaded the
acquisition and restructuring of a provincial state-owned
enterprise, Hangzhou Zhang Xiao Quan Group Co., Ltd..
Zhang Xiao Quan is a widely-known household name,
specialising in the design, production and merchandising
of cutlery and metal household wares in the PRC since
1628.
Mr Zhang also successfully expanded Forchn Group’s
business to overseas markets in 2016 by sponsoring ECW
on its listing on the mainboard of the Singapore Stock
Exchange in July 2016.
Further to above, Mr Zhang led the expansion of the
Forchn Group in late 2016 into the hospitality sector
with the acquisition of an award-winning luxury resort,
Fuchun Resort, located in Hangzhou, which is a premier
integrated holiday resort for business and leisure
activities, cultural and artistic events as well as providing
high-end wellness facilities. The resort has received
numerous international awards since 2006, including
9 times of China’s Leading Resort Awards, Asia’s Leading
Villas Awards from 2013 to 2016 and Asia’s Leading Luxury
Golf Resort from 2010 to 2013.
As the Executive Vice Chairman of Zhejiang Chamber of
Commerce in Shanghai, Mr Zhang is an active community
leader in promoting corporate social responsibility.
Mr Zhang is also an activist for social welfare and civic
responsibility.
Mr Zhang has received many awards which include but
are not limited to the Award of Excellence by the Third
Global Zhejiang Entrepreneurs Convention, 2015, the
Zhejiang Entrepreneur of the Year 2014, the Award of
Innovation and Entrepreneurship by the Second Global
Zhejiang Entrepreneurs Convention, 2013, and the
Zhejiang Province Model Returning Investor Award in
2005, 2007, 2011 and 2014.
Mr Zhang has completed the “China CEO Program”
jointly organised by Cheung Kong Graduate School
of Business, Centre for Management Development at
London Business School, Columbia Business School and
IMB International. He also completed the “Global CEO
Program for China” jointly organised by Harvard Business
School, China Europe International Business School and
IESE Business School.
Mr Chan Heng Wing
Independent Non-Executive Director and
Lead Independent Director
Mr Chan was appointed as Independent Non-Executive
Director and Lead Independent Director on 21 June
2016. He is also a member of the Nominating and
Remuneration Committee.
Mr Chan is a Senior Fellow with the Ministry of Foreign
Affairs Diplomatic Academy since 2012, and he also serves
as the Non-Resident High Commissioner to the People’s
Republic of Bangladesh. Mr Chan is an independent
non-executive director of Banyan Tree Holdings Limited,
Frasers Centrepoint Limited and Fusan Family Office Pte
Ltd. He is also a director of Precious Treasure Pte. Ltd.
and Precious Quay Pte. Ltd. which owns and operates
Fullerton Hotel and Fullerton Bay Hotel respectively.
Precious Treasure Pte. Ltd. and Precious Quay Pte. Ltd.
are subsidiaries of Sino Land Company Limited, which
is part of the Sino Group, a property developer in Hong