DEREK CHEUNG

CPA CEO & Executive Director New Century Asset Management Limited Manager of New Century Real Estate Investment Trust

DEREK CHEUNG

CPA CEO & Executive Director New Century Asset Management Limited Manager of New Century Real Estate Investment Trust

Biography

Mr. Derek Cheung is the Chief Executive Officer of New Century Asset Management Limited, the manager of New Century Real Estate Investment Trust (HK stock code 1275), which is the first listed China hotel REIT in the world and was rated the 7th best managed Chinese company under the FinanceAsia’s Best Managed Companies – China Poll 2014.

New Century REIT is sponsored by New Century Group, the largest privately owned star-rated hotel group in China. Being ranked 25th in 2015 among the world’s hotel groups by Hotels magazine, New Century Group has 228 star-rated hotels in operation or under development in China and Germany.

Having proven its China investment capability through acquiring two 5-star hotels separately in the first and the second year post IPO, New Century REIT acquired the Holiday Inn Eindhoven in Netherlands in 2016 in executing its global expansion strategy. It currently owns five 5-star and two 4-star hotels, located in Hangzhou, Ningbo, Qiandao Lake, Kaifeng and Changchun in China and Eindhoven in Netherlands. Beside organic growth, New Century REIT will continue to grow through acquisitions of real estate assets, beside hotels, in the world that offer high predictable rental incomes.

Of the about 26 years of experience in the ­financial industry, he spent about 20 years in analysing and investing in Asia Paci­fic and global property market. Mr. Cheung was the author of “To profit from the experience in the past 10 property cycles” (樓市10大周期掌勢) in 2012 and was awarded the “Outstanding Chinese Business Leader Award” (中华杰岀商业領袖獎), by HongQi (紅旗画刊) and China Report (中国報道), Beijing, China in 2010.

Mr. Cheung is currently an independent non-executive director of Springland International Holdings Limited (HK stock code 1700) and Best Pacific International Holdings Limited (HK stock code 2111).

Before joining New Century Asset Management Limited, Mr. Cheung was the Chief Investment Officer of Neutron INV Partners Limited, Head of Greater China Investment Research of DBS Vickers (HK) Ltd., Asia Pacific Chief Investment Of­ficer of Cohen & Steers Asia Ltd., Head of Hong Kong & China Property Research at HSBC Securities, Vice President of Donaldson, Lufkin & Jenrette, Property Analyst of Salomon Brothers, Assistant Vice President of Citibank and Semi-Senior Accountant of Arthur Andersen & Co..

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