Towngas Smart Energy Company Limited (1083.HK)

2.800 -0.050 (-1.75%) As of 01:12PM HKT. Market open.

Towngas Smart Energy Company Limited

363 Java Road
23rd Floor
North Point
Hong Kong
852 2963 3298
https://www.towngassmartenergy.com

Sector(s): Utilities
Industry: Utilities - Regulated Gas
Full-time employees: 24,220

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Wai Yee Wong A.C.I.S., A.C.S., C.M.A., C.P.A., F.I.G.E.	CEO & Executive Director	8.64M	N/A	1951
Mr. Wai Ngai Kee B.Sc.(Eng), C.Eng., M.B.A., M.I.G.E.M.	COO of Gas Business & Executive Director	5.71M	N/A	1966
Dr. Jian-hang Qiu	COO of Renewable Business & Executive Director	5.4M	N/A	1964
Mr. W. K. Lo	Head of Corporate Investment & Investor Relations	N/A	N/A	N/A
Ms. Lai Kin Wong	Company Secretary	N/A	N/A	1967

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

Towngas Smart Energy Company Limited, an investment holding company, sells and distributes piped gas in the People's Republic of China. The company operates through three segments, Sales and Distribution of Piped Gas and Related Products; Gas Connection; and Extended Business. It engages in the provision of natural gas and related services; construction of gas pipelines; sale of gas related household appliances; and other value-added services. The company also offers financing and engineering works services, smart energy solutions, and upstream and midstream services; and operates vehicle gas refilling stations. The company was formerly known as Towngas China Company Limited and changed its name to Towngas Smart Energy Company Limited in December 2021. The company was founded in 1998 and is headquartered in North Point, Hong Kong. Towngas Smart Energy Company Limited is a subsidiary of The Hong Kong and China Gas Company Limited.

Corporate governance

Towngas Smart Energy Company Limited’s ISS governance QualityScore as of 1 June 2024 is 9. The pillar scores are Audit: 3; Board: 4; Shareholder rights: 10; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.