Man Sang Holdings, Inc. Announces Appointment of Independent Non-Executive Director.Business Editors NEW YORK--(BUSINESS WIRE)--June 1, 2004 Man Sang Holdings, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: MSHI MSHI Master of Science in Health Informatics (degree) ), one of the world's largest purchasers and processors of Chinese cultured and freshwater pearls, announced that effective June 1, Mr. Thomas Lee becomes an independent non-executive director and a member of the audit committee of the Company. He, together with other audit committee members, is responsible for overseeing the Company's internal controls and financial reporting and directly responsible for the appointment, compensation and oversight of the Company's auditors. Mr. Ricky Cheng, Chairman said "we are having honor to invite Mr. Thomas Lee to join as an independent non-executive director. With Mr. Lee's expertise in financial and business management, he would have significant input in the areas of financial reporting, internal controls and corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. ." Mr. Lee, aged 50, has a bachelor and a master degree in laws from the University of London For most practical purposes, ranging from admission of students to negotiating funding from the government, the 19 constituent colleges are treated as individual universities. Within the university federation they are known as Recognised Bodies . He is a barrister of the Lincoln's Inn, England and Wales England and Wales are both constituent countries of the United Kingdom, that together share a single legal system: English law. Legislatively, England and Wales are treated as a single unit (see State (law)) for the conflict of laws. , a full member of the Society of Trust and Estate Practitioners STEP (the Society of Trust and Estate Practitioners) was founded by George Tasker in 1991 and is the international professional body for workers in the trust industry and the (often overlapping) field of estate administration. , the Chartered Institute of Company Secretaries and Administrators of England and Wales and the Hong Kong Institute of Company Secretaries, a fellow member of the Hong Kong Society of Accountants, The Association of Chartered Certified Accountants The Association of Chartered Certified Accountants (ACCA) is a British chartered accountancy body with a global presence that offers the Chartered Certified Accountant (Designatory letters ACCA or FCCA) qualification worldwide. and the Taxation Institute of Hong Kong. Of the last named institution he served as president from 1999 to 2002. He is also a member of the Joint Liaison Committee of Taxation of Hong Kong and advisor of the Asia and Oceania Tax Consultants' Association. Mr. Lee is active in providing international tax, trust and corporate advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to clients, both individuals, listed and unlisted corporations. He advises on pre-IPO restructuring and planning work and has been actively involved in the listing exercises of a number of companies in the Hong Kong, Singapore and Nasdaq markets. Prior to joining Thomas Lee & Partners Ltd as Managing Director in 2002, Mr. Lee was with Moores Rowland Mazars, a member of Moores Rowland International, one of the world's top 10 associations of independent accounting firms, providing business, taxation, management consulting and assurance services throughout the world. Man Sang, founded in the early 1980's, is one of the world's largest purchasers and processors of Chinese cultured and freshwater pearls. The Company owns and operates an industrial city in Shenzhen, the PRC, which houses its pearls and jewelry processing facilities. It distributes both its pearls and jewelry products to customers worldwide. |
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