Pinestone Capital Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Jonathan Cheung

Chief executive officer

HK$1.8m

Total compensation

CEO salary percentage	99.3%
CEO tenure	12.2yrs
CEO ownership	n/a
Management average tenure	1.7yrs
Board average tenure	1.7yrs

Recent management updates

Recent updates

Most Shareholders Will Probably Agree With Pinestone Capital Limited's (HKG:804) CEO Compensation

Jun 02

CEO Compensation Analysis

How has Jonathan Cheung's remuneration changed compared to Pinestone Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-HK$24m
Sep 30 2023	n/a	n/a	-HK$34m
Jun 30 2023	n/a	n/a	-HK$43m
Mar 31 2023	n/a	n/a	-HK$42m
Dec 31 2022	HK$2m	HK$2m	-HK$41m
Sep 30 2022	n/a	n/a	-HK$25m
Jun 30 2022	n/a	n/a	-HK$8m
Mar 31 2022	n/a	n/a	-HK$7m
Dec 31 2021	HK$2m	HK$2m	-HK$5m
Sep 30 2021	n/a	n/a	-HK$11m
Jun 30 2021	n/a	n/a	-HK$18m
Mar 31 2021	n/a	n/a	-HK$18m
Dec 31 2020	HK$1m	HK$1m	-HK$19m
Sep 30 2020	n/a	n/a	-HK$6m
Jun 30 2020	n/a	n/a	HK$8m
Mar 31 2020	n/a	n/a	HK$7m
Dec 31 2019	HK$1m	HK$1m	HK$7m
Sep 30 2019	n/a	n/a	HK$2m
Jun 30 2019	n/a	n/a	-HK$3m
Mar 31 2019	n/a	n/a	-HK$3m
Dec 31 2018	HK$916k	HK$500k	-HK$3m
Sep 30 2018	n/a	n/a	HK$2m
Jun 30 2018	n/a	n/a	HK$7m
Mar 31 2018	n/a	n/a	HK$10m
Dec 31 2017	HK$252k	HK$240k	HK$14m

Compensation vs Market: Jonathan's total compensation ($USD225.11K) is about average for companies of similar size in the Hong Kong market ($USD233.89K).

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

CEO

Jonathan Cheung (37 yo)

12.2yrs

Tenure

HK$1,759,000

Compensation

Mr. Jonathan Cheung, FRM, has been the Chief Executive Officer and Compliance Officer at Pinestone Capital Limited since March 12, 2012 and February 12, 2015 respectively. Mr. Cheung had been a Vice Chairm...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jonathan Cheung	CEO & Compliance Officer	12.2yrs	HK$1.76m	no data
Chun Tung Lee	Executive Director	1.7yrs	HK$71.00k	no data
Zheping Zhu	Executive Chairman	less than a year	no data	no data
Kin Au	Director of Finance & Company Secretary	8.5yrs	no data	no data
Siu Wong	Head of Operations Department	no data	no data	no data
Wing Wong	Head of Credit Department & Responsible Officer	no data	no data	no data
Ximao Yan	Executive Director	less than a year	no data	no data

1.7yrs

Average Tenure

51yo

Average Age

Experienced Management: 804's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Chun Tung Lee	Executive Director	1.7yrs	HK$71.00k	no data
Zheping Zhu	Executive Chairman	less than a year	no data	no data
Ximao Yan	Executive Director	less than a year	no data	no data
Man Pan Cheng	Independent Non-Executive Director	1.5yrs	HK$19.00k	no data
Kelly Lau	Independent Non-Executive Director	1.7yrs	HK$48.00k	no data
Chun Peng Wong	Independent Non-Executive Director	1.7yrs	HK$46.00k	no data
Tung Yau	Non-Executive Director	1.7yrs	HK$79.00k	no data

1.7yrs

Average Tenure

51yo

Average Age

Experienced Board: 804's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.

Pinestone Capital Management

Management criteria checks 2/4

Key information

Recent management updates

Pinestone Capital Limited, Annual General Meeting, Jun 19, 2024

Pinestone Capital Limited Appoints Zhu Zheping as an Executive Director and Chairman

Pinestone Capital Limited Announces the Resignation of Mr. Cheung Yan Leung Henry as Non-Executive Director, Authorized Representative and Chairman

Pinestone Capital Limited Announces Appointment of Yan Ximao as Executive Director

Pinestone Capital Limited Announces Executive Changes

High number of new and inexperienced directors

Recent updates

Pinestone Capital Limited, Annual General Meeting, Jun 19, 2024

Full year 2023 earnings released: HK$0.071 loss per share (vs HK$0.17 loss in FY 2022)

New minor risk - Financial data availability

Pinestone Capital Limited to Report Fiscal Year 2023 Results on Mar 25, 2024

New major risk - Market cap size

Pinestone Capital Limited Appoints Zhu Zheping as an Executive Director and Chairman

Pinestone Capital Limited Announces the Resignation of Mr. Cheung Yan Leung Henry as Non-Executive Director, Authorized Representative and Chairman

First half 2023 earnings released: EPS: HK$0.001 (vs HK$0.007 in 1H 2022)

Pinestone Capital Limited Announces Appointment of Yan Ximao as Executive Director

Pinestone Capital Limited to Report First Half, 2023 Results on Aug 17, 2023

New minor risk - Share price stability

New major risk - Shareholder dilution

New major risk - Shareholder dilution

Full year 2022 earnings released: HK$0.17 loss per share (vs HK$0.022 loss in FY 2021)

Pinestone Capital Limited Announces Executive Changes

High number of new and inexperienced directors

Pinestone Capital Limited Announces Changes of Directors and Changes of Composition of Board Committees

High number of new directors

High number of new directors

Pinestone Capital Limited Announces Board Changes

Pinestone Capital Limited Appoints Lee Chun Tung as Executive Director, Effective from 14 September 2022

Executive Chairman of the Board recently sold HK$8.4m worth of stock

Pinestone Capital Limited Announces Board Changes

Pinestone Capital Limited Announces Board Appointments

First half 2022 earnings released: EPS: HK$0 (vs HK$0.001 in 1H 2021)

Pinestone Capital Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022

Pinestone Capital Limited to Report First Half, 2022 Results on Aug 12, 2022

Pinestone Capital Limited Postpone Payment of Special Dividends

Pinestone Capital Limited Declares Special Dividends, Payable July 18, 2022

Insufficient new directors

Full year 2021 earnings released: HK$0.001 loss per share (vs HK$0.004 loss in FY 2020)

Full year 2021 earnings released: HK$0.001 loss per share (vs HK$0.004 loss in FY 2020)

Pinestone Capital Limited, Annual General Meeting, Jun 24, 2022

First half 2021 earnings released: EPS HK$0.001 (vs HK$0.001 in 1H 2020)

Most Shareholders Will Probably Agree With Pinestone Capital Limited's (HKG:804) CEO Compensation

Full year 2020 earnings released: HK$0.004 loss per share (vs HK$0.001 profit in FY 2019)

Pinestone Capital Limited, Annual General Meeting, May 11, 2021

Pinestone Capital Limited to Report Fiscal Year 2020 Results on Mar 19, 2021

Insider recently sold HK$4.6m worth of stock

Pinestone Capital Limited Announces Its Directors Do Not Recommend the Payment of Any Interim Dividend for the Six Months Ended 30 June 2020

Pinestone Capital Limited to Report First Half, 2020 Results on Aug 19, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age