SOCAM Development Management

Management criteria checks 2/4

SOCAM Development's CEO is Freddy Lee, appointed in Oct 2019, has a tenure of 4.58 years. total yearly compensation is HK$11.79M, comprised of 97.7% salary and 2.3% bonuses, including company stock and options. directly owns 0.005% of the company’s shares, worth €1.24K. The average tenure of the management team and the board of directors is 6 years and 5 years respectively.

Key information

Freddy Lee

Chief executive officer

HK$11.8m

Total compensation

CEO salary percentage	97.7%
CEO tenure	4.6yrs
CEO ownership	0.005%
Management average tenure	6yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Freddy Lee's remuneration changed compared to SOCAM Development's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-HK$155m
Sep 30 2023	n/a	n/a	-HK$203m
Jun 30 2023	n/a	n/a	-HK$251m
Mar 31 2023	n/a	n/a	-HK$241m
Dec 31 2022	HK$12m	HK$12m	-HK$232m
Sep 30 2022	n/a	n/a	-HK$118m
Jun 30 2022	n/a	n/a	-HK$4m
Mar 31 2022	n/a	n/a	HK$36m
Dec 31 2021	HK$11m	HK$6m	HK$76m
Sep 30 2021	n/a	n/a	HK$139m
Jun 30 2021	n/a	n/a	HK$202m
Mar 31 2021	n/a	n/a	HK$127m
Dec 31 2020	HK$8m	HK$6m	HK$52m
Sep 30 2020	n/a	n/a	-HK$41m
Jun 30 2020	n/a	n/a	-HK$134m
Mar 31 2020	n/a	n/a	-HK$63m
Dec 31 2019	HK$4m	HK$4m	HK$7m

Compensation vs Market: Freddy's total compensation ($USD1.51M) is above average for companies of similar size in the German market ($USD396.12K).

Compensation vs Earnings: Freddy's compensation has increased whilst the company is unprofitable.

CEO

Freddy Lee (61 yo)

4.6yrs

Tenure

HK$11,793,000

Compensation

Mr. Chun Kong Lee, also known as Freddy, has been Chief Executive Officer and Executive Director of SOCAM Development Limited since October 1, 2019. He served as the Chief Executive Officer of Shui On Land...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hong Sui Lo	Executive Chairman	27.3yrs	HK$10.00k	0.084% HK$ 19.4k
Chun Kong Lee	CEO & Executive Director	4.6yrs	HK$11.79m	0.0054% HK$ 1.2k
Kwok Kong Lam	Director of Corporate Finance	5.3yrs	no data	no data
Yuk Keung Choi	Vice Chairman of the Construction Division	6.8yrs	HK$5.67m	no data
Yeuk Ho Chan	Company Secretary	8.5yrs	no data	no data

6.0yrs

Average Tenure

65.5yo

Average Age

Experienced Management: HU8's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hong Sui Lo	Executive Chairman	27.3yrs	HK$10.00k	0.084% HK$ 19.4k
Chun Kong Lee	CEO & Executive Director	4.6yrs	HK$11.79m	0.0054% HK$ 1.2k
Hak Wood Wong	Independent Non-executive Director	less than a year	no data	no data
Ping-Cheung Lau	Independent Non-Executive Director	less than a year	no data	no data
Kay-Cheung Chan	Independent Non-Executive Director	14.3yrs	HK$595.00k	no data
Bo Yue Lo	Non-Executive Director	5.3yrs	HK$315.00k	no data

5.0yrs

Average Tenure

71.5yo

Average Age

Experienced Board: HU8's board of directors are considered experienced (5 years average tenure).

SOCAM Development Management

Management criteria checks 2/4

Key information

Recent management updates

SOCAM Development Limited, Annual General Meeting, May 30, 2024

SOCAM Development Limited Announces Board Changes

SOCAM Development Limited Appoints Chan Wai Kan George as Non-Executive Director

Socam Development Limited Announces Change of Composition of Board and Its Committees

SOCAM Development Limited Appoints Lau Ping Cheung as Independent Non-Executive Director and A Member of the Audit Committee, Remuneration Committee, Nomination Committee, Finance Committee and Investment Committee of the Board, Effect from 1 June 2023

Insufficient new directors

Recent updates

SOCAM Development Limited, Annual General Meeting, May 30, 2024

Full year 2023 earnings released: HK$0.41 loss per share (vs HK$0.62 loss in FY 2022)

SOCAM Development Limited to Report Fiscal Year 2023 Results on Mar 27, 2024

New major risk - Share price stability

SOCAM Development Limited Announces Board Changes

First half 2023 earnings released: HK$0.21 loss per share (vs HK$0.16 loss in 1H 2022)

SOCAM Development Limited Appoints Chan Wai Kan George as Non-Executive Director

New minor risk - Share price stability

SOCAM Development Limited to Report First Half, 2023 Results on Aug 29, 2023

Socam Development Limited Announces Change of Composition of Board and Its Committees

SOCAM Development Limited (SEHK:983) agreed to acquire 3% stake in Shui On Contractors Limited from Lawrence Choi for HKD 48.1 million.

SOCAM Development Limited Appoints Lau Ping Cheung as Independent Non-Executive Director and A Member of the Audit Committee, Remuneration Committee, Nomination Committee, Finance Committee and Investment Committee of the Board, Effect from 1 June 2023

Full year 2022 earnings released: HK$0.62 loss per share (vs HK$0.20 profit in FY 2021)

Socam Development Limited Provides Group Earning Guidance for the Year Ended 31 December 2022

Insufficient new directors

Insufficient new directors

First half 2022 earnings released: HK$0.16 loss per share (vs HK$0.053 profit in 1H 2021)

SOCAM Development Limited to Report Q2, 2022 Results on Aug 29, 2022

SOCAM Development Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022

SOCAM Development Limited Approves Final Dividend for the Year Ended December 31, 2021

Upcoming dividend of HK$0.07 per share

Full year 2021 earnings released: EPS: HK$0.20 (vs HK$0.14 in FY 2020)

SOCAM Development Limited Announces Adoption of Revised Dividend Policy

First half 2021 earnings released: EPS HK$0.053 (vs HK$0.35 loss in 1H 2020)

SOCAM Development Limited to Report Fiscal Year 2020 Results on Mar 26, 2021

First half earnings released

SOCAM Development Limited to Report First Half, 2020 Results on Aug 28, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age