Former Secretary for Justice Teresa Cheng’s husband Dr. Otto Poon steps down as Chairman of Analog Holdings

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Otto Poon

28th February 2024 – (Hong Kong) Analog Holdings Limited (01977) announced today that former Secretary for Justice Teresa Cheng’s husband, Dr. Otto Poon Lok To Dr. Poon will step down from his position as Chairman and continue to serve as an Executive Director. In his place, Mak Kin-wah, the Vice Chairman, has been appointed as the new Chairman, while also assuming the role of an Executive Director. These changes will take effect from 1st March.

According to the company’s announcement, Dr. Poon will no longer serve as the authorised representative and legal process agent of the company. These positions will be taken over by the newly appointed Chairman, Mak Kin-wah. However, as the founder, a key member of the board, and a major shareholder, Dr. Poon will continue to provide advice and support to the group even after stepping down as Chairman. He will also focus on the group’s overall strategic planning, major decision-making, and specifically oversee the company’s elevator and escalator business. Currently, Dr. Poon holds approximately 892 million shares in Analog Holdings Limited, accounting for an impressive 63.74% stake.

In addition to the changes in the chairman role, Chief Financial Officer and senior management member, Cheung Wai-keung, has been appointed as an Executive Director. It is worth noting that Cheung Wai-keung is Dr. Poon’s nephew. As for the new Chairman, Mak Kin-wah, he will no longer serve as a member of the board’s audit committee, nomination committee, and remuneration committee. These responsibilities will be taken over by non-executive director Rerina Or, effective from 1st March.