Hong developer Chinese Estates names new CEO

Chinese Estates Holdings has named Chan Hoi-wan (HW Chan) to CEO, replacing Chan Sze-wan (SW Chan), her elder sister.

SW Chan said she wishes to devote more time to her personal endeavor, according to the SEC Filing. SW Chan confirmed she has no disagreement with the board. The board and SW Chan also confirmed there is no matter regarding the said resignations of SW Chan that needs to be brought to the attention of the shareholders of the company. SW Chan continues to act as director of certain subsidiaries of the company.

HW Chan has been an executive director since 2017 and also acts as a director of certain subsidiaries of the company. She had joined the then associate of the group from 2002 to 2005 and participated in its cosmetics business, including Two Girls products. She also possessed of more than 3.5 years’ work experience in the media field in Hong Kong and gained experience in properties and securities investments through her investments.