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HSCI 9,980.3 -13.2
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Max Sight Group Holdings Limited (08483.HK)

INTRADAY CHART

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FINANCIAL REPORTSmore

2019 (IR)
2020 (Q1)
2019 (AR)

PRESENTATIONSmore

Max Sight Group Holdings Limited (and its subsidiaries, collectively "Our Group" or "We") is a leading automatic ID photo booth operator in Hong Kong and we operate an iconic brand “Max Sight Photo 名仕快相” and “名仕富美” for ID photo booths in Hong Kong and Guangdong Province, respectively. Over our 27 years of operating history, we believe our brand has become synonymous with ID photo booths.

Our target customers are consumers of the general public and our customer base in Hong Kong and Guangdong Province is large and diverse. Our ID photo booths are strategically located in prime locations of high footfall and/or where there may be ambient demand for digital ID photos which include ID documentations issuing authorities, railway and airport, various universities, hospitals and shopping malls in Hong Kong and Guangdong Province.

As at the 5 February 2018, we owned an aggregate of 214 automatic ID photo booths, of which 83 photo booths were installed and operated in Hong Kong and were strategically located in the application centres of the PRC permits issuing authorities and other various ID Documentations Issuing Authorities, over one-third of all metro stations, the Airport, as well as various universities and foreign embassies. We also operated 131 photo booths in Guangdong Province which spread across over one-third of all Guangzhou metro stations, various metro stations in Dongguan and Foshan, the application centres of PRC permits issuing authorities and the driving licence issuing authority as at the 5 February 2018.

Our Competitive Strengths

We believe the following are our key competitive strengths that have contributed significantly to our success and differentiate us from our competitors:

• A leading automatic ID photo booth operator with an iconic brand in Hong Kong and Guangdong Province;
• Operation of ID photo booths strategically located in prime locations of high footfall and/or where there are ambient demand for ID photos;
• Our established business relationships with the PRC permits issuing authorities in Hong Kong; and
• Experienced management team with a proven track record in operating our business.

Our Strategies

We intend to further penetrate into the automatic ID photo booths market in Guangdong Province and to maintain our leading position as an automatic ID photo booth operator in Hong Kong by implementing the following strategies:

• Replicate the success of our business model in Hong Kong to Guangdong Province by expanding our network of ID photo booths through installing new photo booths in selected sites of railway stations and ID documentation issuing authorities and upgrading existing photo booths;
• Maintain our competitiveness in Hong Kong through continued market penetration by extending our reach to metro stations and exploring new sites; and
• Upgrade our validation centre and IT infrastructure to cope with our anticipated business growth.

Mr. KWOK Tsun Wa - Independent non-executive Directors

Mr. Kwok Tsun Wa (郭振華) was appointed as the Independent Non-Executive Director on 8 February 2018. Mr. Kwok also serves as a member of audit committee of the Board and nomination committee of the Board. Mr. Kwok has over 50 years of experience in insurance industry.



Mr. Kwok has been appointed as a non-executive director of the Independent Insurance Authority of Hong Kong for a period of three years from 28 December 2015 to 27 December 2018 and the re-appointment has taken for a period of three years from 28 December 2018 to 27 December 2021.

Mr. HUI Chi Kwan - Independent non-executive Directors

Mr. Hui Chi Kwan (許次鈞) was appointed as an Independent Non-Executive Director on 8 February 2018. Mr. Hui also serves as a member of audit committee of the Board and remuneration committee of the Board. Mr. Hui graduated from The University of Hong Kong with a Bachelor’s degree in Laws in November 1980 and has been a solicitor practising in Hong Kong since March 1983.

Mr. NGAI James - Independent non-executive Directors

Mr. Ngai James (倪雅各) joined the Group in February 2018. Mr. Ngai is an Independent Non-Executive Director, the chairman of the audit committee and the remuneration committee of the Board and a member of nomination committee of the Board. Mr. Ngai graduated from University of Toronto with a Bachelor’s degree in Economics. Mr. Ngai is a Certified Public Accountant (Practising) in Hong Kong, a member of Hong Kong Institute of Certified Public Accountants and American Institute of Certified Public Accountants. Mr. Ngai is also a fellow member of The Taxation Institute of Hong Kong. Mr. Ngai has over 31 years of experience in accounting, auditing and taxation matters.

Mr. Riccardo Costi - Non-executive Director

Mr. Riccardo Costi was appointed as a Non-Executive Director on 26 January 2017. Mr. Costi is primarily responsible for providing strategic advice to the business and operation of the Group. Mr. Costi served as a director of some of our subsidiaries. Mr. Costi has accumulated over 37 years of extensive experience in the automatic photography industry.

Mr. CHEUNG Kam Ting - Non-executive Director

Mr. Cheung Kam Ting (張淦庭) was appointed as a Non-Executive Director on 26 January 2017. Mr. Cheung is primarily responsible for providing strategic advice to the business and operation of the Group. Mr. Cheung has over 42 years of experience in garment industry, he worked as a managing director in Seven Seas Garment Fty., Ltd, a company engaged in garment manufacturing business, since 1975.

Mr. CHAN Tien Kay, Timmy - Executive Director

Mr. Chan Tien Kay, Timmy (陳天奇) was appointed as an executive Director with effect from 26 January 2017. Mr. Chan also serves as a member of remuneration committee of the Board and the chief executive officer of the Company. Mr. Chan is primarily responsible for managing the overall business operations and executing business strategies of the Group. Through his previous positions at our subsidiaries, he has accumulated experience in the operation of automatic photo booths for around 23 years. Mr. Chan was admitted as a solicitor to the Supreme Court of Queensland, Australia in November 2009. He obtained a master’s degree in law from Bond University, Australia in September 2007, and a bachelor’s degree in arts from Saint Olaf College, Minnesota, the United States in May 1996.

Mr. CHAN Wing Chai, Jamson - Executive Director

Mr. Chan Wing Chai, Jamson (陳永濟) was appointed as an Executive Director with effect from 26 January 2017, Mr. Chan also serves as chairman of the Board and the chairman of nomination committee. Mr. Chan is primarily responsible for devising strategies for the continuous development of the Group, overseeing the Group’s business operations and financial performance, as well as leading the Board in performing its functions. He has 29 years of experience in the field of automatic photo booth operations. He obtained a diploma in management for executive development from the Chinese University of Hong Kong in September 1985.

List of Directors and their Role and Function
 
Nomination Committee

Mr. CHAN Wing Chai, Jamson (Chairman)

Mr. NGAI James

Mr. KWOK Tsun Wa


We have established a nomination committee on 8 February 2018 with written terms of reference in compliance with Code A.5.2 of the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules. The primary duties of the nomination committee is to, among others, identify individuals suitably qualified to become Board members and select, or make recommendations to our Board on the selection of, individuals nominated for directorships.
 

 

 
Remuneration Committee

Mr. NGAI James (Chairman)

Mr. HUI Chi Kwan

Mr. CHAN Tien Kay, Timmy


We have established a remuneration committee on 8 February 2018 with written terms of reference in compliance with Rule 5.34 of the GEM Listing Rules and Code B.1.2 of the Corporate overnance Code as set out in Appendix 15 to the GEM Listing Rules. The primary duties of the remuneration committee include, among others: (a) making recommendations to our Directors regarding our policy and structure for the remuneration of all our Directors and senior management and on the  stablishment of a formal and transparent procedure for developing remuneration policies; (b) making recommendations to our Board on the emuneration packages of our Directors and senior management; (c) reviewing and approving the management’s remuneration proposals with reference to our Board’s corporate goals and objectives; and (d) considering and approving the grant of share options to eligible participants pursuant to the Share Option Scheme.
 

 

 
Audit Committee

Mr. NGAI James (Chairman)

Mr. HUI Chi Kwan

Mr. KWOK Tsun Wa


We have established an audit committee on 8 February 2018 with written terms of reference in compliance with Rule 5.28 of the GEM Listing Rules and Codes C.3.3 and C.3.7 of the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules. The primary duties of the audit committee are to, among other things, assist our Board by providing an independent view of the effectiveness of the financial reporting process, risk management and internal control systems of our Group, to oversee the audit process, to develop and review our policies and to perform other duties and responsibilities as assigned by our Board.
 

 

 

UPCOMING EVENT

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COMPANY INFORMATION

Address 14/F, McDonald's Building,
48 Yee Wo Street,
Causeway Bay, Hong Kong

Telephone (852) 2881 1780

Facsimile (852) 2882 4080

No. of Click Rate

1254779