Tungtex (Holdings) Management
Management criteria checks 4/4
Tungtex (Holdings)'s CEO is Raymond Tung, appointed in Jan 2018, has a tenure of 6.83 years. total yearly compensation is HK$2.75M, comprised of 80.5% salary and 19.5% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth $8.56K. The average tenure of the management team and the board of directors is 6.8 years and 14.7 years respectively.
Key information
Raymond Tung
Chief executive officer
HK$2.7m
Total compensation
| CEO salary percentage | 80.5% |
| CEO tenure | 6.8yrs |
| CEO ownership | 0.08% |
| Management average tenure | 6.8yrs |
| Board average tenure | 14.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | HK$3m | HK$2m | -HK$13m |
| Dec 31 2023 | n/a | n/a | -HK$5m |
| Sep 30 2023 | n/a | n/a | HK$3m |
| Jun 30 2023 | n/a | n/a | HK$11m |
| Mar 31 2023 | HK$3m | HK$2m | HK$20m |
| Dec 31 2022 | n/a | n/a | HK$16m |
| Sep 30 2022 | n/a | n/a | HK$12m |
| Jun 30 2022 | n/a | n/a | -HK$7m |
| Mar 31 2022 | HK$3m | HK$2m | -HK$26m |
| Dec 31 2021 | n/a | n/a | -HK$21m |
| Sep 30 2021 | n/a | n/a | -HK$16m |
| Jun 30 2021 | n/a | n/a | HK$120m |
| Mar 31 2021 | HK$3m | HK$2m | HK$256m |
| Dec 31 2020 | n/a | n/a | HK$222m |
| Sep 30 2020 | n/a | n/a | HK$187m |
| Jun 30 2020 | n/a | n/a | HK$52m |
| Mar 31 2020 | HK$2m | HK$2m | -HK$84m |
| Dec 31 2019 | n/a | n/a | -HK$76m |
| Sep 30 2019 | n/a | n/a | -HK$69m |
| Jun 30 2019 | n/a | n/a | -HK$81m |
| Mar 31 2019 | HK$2m | HK$2m | -HK$94m |
| Dec 31 2018 | n/a | n/a | -HK$79m |
| Sep 30 2018 | n/a | n/a | -HK$64m |
| Jun 30 2018 | n/a | n/a | -HK$56m |
| Mar 31 2018 | HK$2m | HK$2m | -HK$47m |
Compensation vs Market: Raymond's total compensation ($USD352.76K) is below average for companies of similar size in the US market ($USD650.80K).
Compensation vs Earnings: Raymond's compensation has been consistent with company performance over the past year.
CEO
Raymond Tung (59 yo)
6.8yrs
Tenure
HK$2,746,000
Compensation
Mr. Wai Man Tung, also known as Raymond, has been Managing Director of Tungtex (Holdings) Company Limited since January 12, 2018. Mr. Tung has been a Director of Tungtex (Holdings) Company Limited since 20...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14.7yrs | HK$3.50m | 0.36% $ 38.1k | |
| MD & Executive Director | 6.8yrs | HK$2.75m | 0.080% $ 8.6k | |
| MD of the Group Retail Operation & Vice Chairman of the Board | 14.7yrs | HK$3.35m | 0.68% $ 72.5k | |
| Chief Financial Officer | 8.3yrs | no data | no data | |
| Human Resources Director | no data | no data | no data | |
| Group Treasurer and Assistant General Manager | no data | no data | no data | |
| Group Financial Controller & Company Secretary | less than a year | no data | no data |
6.8yrs
Average Tenure
54yo
Average Age
Experienced Management: TUGH.F's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14.7yrs | HK$3.50m | 0.36% $ 38.1k | |
| MD & Executive Director | 24.8yrs | HK$2.75m | 0.080% $ 8.6k | |
| MD of the Group Retail Operation & Vice Chairman of the Board | 14.7yrs | HK$3.35m | 0.68% $ 72.5k | |
| Independent Non-Executive Director | 2.5yrs | HK$160.00k | no data | |
| Independent Non-Executive Director | 30.8yrs | HK$190.00k | 0.85% $ 91.4k | |
| Independent Non-Executive Director | 6.3yrs | HK$190.00k | no data | |
| Independent Non-Executive Director | 3.6yrs | HK$100.00k | no data |
14.7yrs
Average Tenure
50yo
Average Age
Experienced Board: TUGH.F's board of directors are seasoned and experienced ( 14.7 years average tenure).