New Times Management

Management criteria checks 3/4

New Times' CEO is John Tang, appointed in Jun 2017, has a tenure of 7.42 years. total yearly compensation is HK$4.00M, comprised of 80% salary and 20% bonuses, including company stock and options. directly owns 0.57% of the company’s shares, worth HK$2.75M. The average tenure of the management team and the board of directors is 7.4 years and 7.4 years respectively.

Key information

John Tang

Chief executive officer

HK$4.0m

Total compensation

CEO salary percentage	80.0%
CEO tenure	7.4yrs
CEO ownership	0.6%
Management average tenure	7.4yrs
Board average tenure	7.4yrs

Recent management updates

Recent updates

New Times Energy (HKG:166) Will Be Hoping To Turn Its Returns On Capital Around

Oct 13

New Times Energy (HKG:166) Might Have The Makings Of A Multi-Bagger

Dec 06

Statutory Earnings May Not Be The Best Way To Understand New Times Energy's (HKG:166) True Position

May 09

New Times Energy (HKG:166) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway

Sep 10

Here's Why New Times Energy (HKG:166) Can Manage Its Debt Despite Losing Money

Mar 19

New Times Energy (HKG:166) Share Prices Have Dropped 66% In The Last Three Years

Dec 22

Health Check: How Prudently Does New Times Energy (HKG:166) Use Debt?

Nov 17

CEO Compensation Analysis

How has John Tang's remuneration changed compared to New Times's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-HK$233m
Mar 31 2024	n/a	n/a	-HK$192m
Dec 31 2023	HK$4m	HK$3m	-HK$150m
Sep 30 2023	n/a	n/a	-HK$11m
Jun 30 2023	n/a	n/a	HK$129m
Mar 31 2023	n/a	n/a	HK$207m
Dec 31 2022	HK$9m	HK$3m	HK$286m
Sep 30 2022	n/a	n/a	HK$426m
Jun 30 2022	n/a	n/a	HK$566m
Mar 31 2022	n/a	n/a	HK$448m
Dec 31 2021	HK$5m	HK$2m	HK$329m
Sep 30 2021	n/a	n/a	HK$140m
Jun 30 2021	n/a	n/a	-HK$49m
Mar 31 2021	n/a	n/a	-HK$64m
Dec 31 2020	HK$3m	HK$2m	-HK$79m
Sep 30 2020	n/a	n/a	-HK$1b
Jun 30 2020	n/a	n/a	-HK$2b
Mar 31 2020	n/a	n/a	-HK$2b
Dec 31 2019	HK$3m	HK$2m	-HK$2b
Sep 30 2019	n/a	n/a	-HK$1b
Jun 30 2019	n/a	n/a	-HK$170m
Mar 31 2019	n/a	n/a	-HK$214m
Dec 31 2018	n/a	n/a	-HK$257m
Sep 30 2018	n/a	n/a	-HK$15m
Jun 30 2018	n/a	n/a	HK$227m
Mar 31 2018	n/a	n/a	HK$164m
Dec 31 2017	HK$2m	HK$942k	HK$102m

Compensation vs Market: John's total compensation ($USD513.96K) is above average for companies of similar size in the Hong Kong market ($USD233.55K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Tang (72 yo)

7.4yrs

Tenure

HK$4,000,000

Compensation

Mr. Wing Yan Tang, also known as John, has been Chief Executive Officer & Executive Director of New Times Energy Corporation Limited since June 30, 2017. Mr. Tang served as General Manager at New Times Ene...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kam Chiu Cheng	Executive Chairman	16.8yrs	HK$3.10m	no data
Wing Yan Tang	CEO & Executive Director	7.4yrs	HK$4.00m	0.57% HK$ 2.8m
Tat Bong Wan	Senior Vice President of Corporate Finance	11.6yrs	no data	no data
Kun Yin Lee	Company Secretary	4.7yrs	no data	no data

7.4yrs

Average Tenure

70yo

Average Age

Experienced Management: 166's management team is seasoned and experienced (7.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kam Chiu Cheng	Executive Chairman	16.8yrs	HK$3.10m	no data
Wing Yan Tang	CEO & Executive Director	7.4yrs	HK$4.00m	0.57% HK$ 2.8m
Wai On Chiu	Independent Non-Executive Director	18yrs	HK$300.00k	no data
Raymond Bailey	Member of Oil and Gas Advisory Council	no data	no data	no data
Xiucheng Dong	Member of Oil and Gas Advisory Council	no data	no data	no data
Chun Fai Yung	Independent Non-Executive Director	11.7yrs	HK$300.00k	no data
Ying-Jun Luo	Member of Oil and Gas Advisory Council	no data	no data	no data
Chi Hin Lee	Non-Executive Director	5.7yrs	HK$500.00k	no data
Weide Huang	Independent Non-Executive Director	4.4yrs	HK$300.00k	no data
Sze Lai Leung	Independent Non-Executive Director	less than a year	no data	no data

7.4yrs

Average Tenure

62yo

Average Age

Experienced Board: 166's board of directors are considered experienced (7.4 years average tenure).

New Times Management

Management criteria checks 3/4

Key information

Recent management updates

New Times Corporation Limited Appoints Leung, Sze Lai as an Independent Non-Executive Director and Member of the Audit Committee of the Board

New Times Energy Corporation Limited, Annual General Meeting, Jun 20, 2024

Insufficient new directors

CEO & Executive Director exercised options to buy HK$7.5m worth of stock.

New Times Energy Corporation Limited, Annual General Meeting, Jun 23, 2022

New Times Energy Corporation Limited, Annual General Meeting, Jun 23, 2022

Recent updates

New Times Corporation Limited Appoints Leung, Sze Lai as an Independent Non-Executive Director and Member of the Audit Committee of the Board

New Times Energy Corporation Limited to Report Q2, 2024 Results on Aug 29, 2024

New minor risk - Share price stability

New Times Energy Corporation Limited, Annual General Meeting, Jun 20, 2024

Full year 2023 earnings released: HK$0.017 loss per share (vs HK$0.033 profit in FY 2022)

New Times Energy Corporation Limited to Report Fiscal Year 2023 Results on Mar 25, 2024

New Times Energy (HKG:166) Will Be Hoping To Turn Its Returns On Capital Around

New minor risk - Earnings quality

First half 2023 earnings released: EPS: HK$0.007 (vs HK$0.025 in 1H 2022)

New Times Energy Corporation Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2023

New Times Energy Corporation Limited to Report First Half, 2023 Results on Aug 29, 2023

Insufficient new directors

Full year 2022 earnings released: EPS: HK$0.033 (vs HK$0.038 in FY 2021)

New Times Energy (HKG:166) Might Have The Makings Of A Multi-Bagger

Now 22% undervalued

First half 2022 earnings released: EPS: HK$0.025 (vs HK$0.002 loss in 1H 2021)

New Times Energy Corporation Limited to Report First Half, 2022 Results on Aug 26, 2022

New Times Energy Corporation Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022

CEO & Executive Director exercised options to buy HK$7.5m worth of stock.

Statutory Earnings May Not Be The Best Way To Understand New Times Energy's (HKG:166) True Position

Full year 2021 earnings released: EPS: HK$0.038 (vs HK$0.009 loss in FY 2020)

New Times Energy Corporation Limited, Annual General Meeting, Jun 23, 2022

New Times Energy Corporation Limited, Annual General Meeting, Jun 23, 2022

New Times Energy Corporation Limited Provides Earnings Guidance for the Year Ended December 31, 2021

New Times Energy (HKG:166) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway

First half 2021 earnings released: HK$0.002 loss per share (vs HK$0.006 loss in 1H 2020)

Here's Why New Times Energy (HKG:166) Can Manage Its Debt Despite Losing Money

New Times Energy Corporation Limited, Annual General Meeting, Jun 03, 2021

Full year 2020 earnings released: HK$0.009 loss per share (vs HK$0.26 loss in FY 2019)

New Times Energy Corporation Limited to Report Fiscal Year 2020 Results on Mar 18, 2021

New Times Energy (HKG:166) Share Prices Have Dropped 66% In The Last Three Years

Health Check: How Prudently Does New Times Energy (HKG:166) Use Debt?

Chan Chi Yuen acquired 26.52% stake in New Times Energy Corporation Limited. (SEHK: 166) from Huang Ning.

First half earnings released

First half earnings released

New Times Energy Corporation 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