Tungtex (Holdings) Management
Management criteria checks 4/4
Tungtex (Holdings)'s CEO is Raymond Tung, appointed in Jan 2018, has a tenure of 5.42 years. total yearly compensation is HK$2.55M, comprised of 86.8% salary and 13.2% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth $11.20K. The average tenure of the management team and the board of directors is 5.4 years and 13.3 years respectively.
Key information
Raymond Tung
Chief executive officer
HK$2.5m
Total compensation
| CEO salary percentage | 86.8% |
| CEO tenure | 5.4yrs |
| CEO ownership | 0.08% |
| Management average tenure | 5.4yrs |
| Board average tenure | 13.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Dec 31 2017 | n/a | n/a | -HK$72m |
| Sep 30 2017 | n/a | n/a | -HK$98m |
| Jun 30 2017 | n/a | n/a | -HK$109m |
| Mar 31 2017 | HK$2m | HK$2m | -HK$120m |
Compensation vs Market: Raymond's total compensation ($USD324.77K) is below average for companies of similar size in the US market ($USD740.57K).
Compensation vs Earnings: Raymond's compensation has been consistent with company performance over the past year.
CEO
Raymond Tung (58 yo)
5.4yrs
Tenure
HK$2,546,000
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 | 13.3yrs | HK$3.00m | 0.36% HK$ 49.9k | |
| MD & Executive Director | 5.4yrs | HK$2.55m | 0.080% HK$ 11.2k | |
| MD of the Group Retail Operation & Vice Chairman of the Board | 13.3yrs | HK$2.81m | 0.68% HK$ 95.0k | |
| Chief Financial Officer | 6.8yrs | no data | no data | |
| Group Treasurer and Assistant General Manager | no data | no data | no data | |
| Company Secretary | 2.2yrs | no data | no data |
5.4yrs
Average Tenure
50yo
Average Age
Experienced Management: TUGH.F's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 13.3yrs | HK$3.00m | 0.36% HK$ 49.9k | |
| MD & Executive Director | 23.4yrs | HK$2.55m | 0.080% HK$ 11.2k | |
| MD of the Group Retail Operation & Vice Chairman of the Board | 13.3yrs | HK$2.81m | 0.68% HK$ 95.0k | |
| Independent Non-Executive Director | 1.1yrs | no data | no data | |
| Independent Non-Executive Director | 29.4yrs | HK$190.00k | 0.85% HK$ 119.7k | |
| Independent & Non-Executive Director | 16.8yrs | HK$220.00k | no data | |
| Independent Non-Executive Director | 4.9yrs | HK$190.00k | no data | |
| Independent Non-Executive Director | 2.2yrs | HK$100.00k | no data |
13.3yrs
Average Tenure
52.5yo
Average Age
Experienced Board: TUGH.F's board of directors are seasoned and experienced ( 13.3 years average tenure).