Lifestyle China Group Limited Announces Appointment of Executive Directors
role of executive director since 2016. She currently serves as a vice-president of the International Association of Department Stores, a member of the Executive Committee of the Hong Kong Retail Management Association and a member of the Retail & Tourism Committee with the Hong Kong General Chamber of Commerce. Ms. Lau holds a Bachelor of Arts degree from King's College London, University of London and a Master of Arts degree from Columbia University in the City of New York. She is the daughter of Mr. Lau and the sister of Mr. KS Lau. She is also a director of Dynamic Castle, United Goal, Asia Prime and Sand Cove. Mr. KS Lau and Ms. Lau has each entered into a letter of appointment with the Company with no fixed term in respect of their appointment as executive directors and they are subject to retirement and re-election pursuant to the articles of association of the Company. The remuneration package of both Mr. KS Lau and Ms. Lau comprises an annual management salary of HKD 1,800,000, director's fee of HKD 200,000 per annum and discretionary bonuses and other benefits, which are determined by the Board with reference to their duties and responsibilities and the prevailing market conditions.