Yeung Wo Fai

Yeung Wo Fai or Wo Fai Yeung is the CEO and a Co-Founder of Sitoy Group Holdings Ltd.

Yeung Wo Fai has been with Sitoy Group since 1974 (as a co-founder the company began in the 1970s with his brothers) and is responsible for the overall daily operations of its business. He is responsible for product development, marketing and administration. Mr. Yeung has over 35 years of experience in the handbag and leather goods industry and has focused on manufacturing luxury BRANDed handbags and small leather goods. Sitoy is the largest handbag manufacturing factory in the world. He works with various luxury brands and has diversified his manufacturing of goods such as manufacturing Samsonite luggage. Sitoy also acquired its own brand named, Tuscans, in which they sell their own designs and luxury leather goods. In 2010, according to Frost & Sullivan, Sitoy had the largest global market share in terms of revenue of the market for outsourced manufacturing of luxury handbags and small leather goods.

Estimated by Bloomberg, the annual salary during the fiscal year 2016 was $4,462,000; although Mr. Yeung's total net worth is unknown.

Mr. Yeung has been the Chief Executive Officer and Executive Director since 2008.

The Sitoy Group focuses on manufacturing luxury leather handbags and small leather goods. Diversifying into other areas such as producing travel goods and acquiring their own high-end handbag brand with Italian origins named Tuscans. Primarily, Tuscans stores are focused on Asia and in Asian markets.

Social media presence is limited to Instagram (tuscans_firenze) and their Sitoy official website.

Corporate Headquarters are located in Hong Kong;

Sitoy Tower, 56 Hoi Yuen Road, Kwun Tong, Kowloon, H.K.

Important Company Persons

Wah Keung Yeung (Michael) - Executive Chairman of the Board

Wo Fai Yeung (Teras) - Chief Executive Officer, Executive Director

Kin Shing Lau - Executive Director, Company Secretary

Ka Dig Chan (Adam) - Executive Director

Kin Yeung (Andrew) - Executive Director

Po Chuen Kwan (Vincent) - Independent Non-Executive Director

Hung Cheuk Lung - Independent Non-Executive Director

Chi Tat Yeung - Independent Non-Executive Director

Veronica Hui - IR Contact Officer

Note: Chan Ka Dig (Adam) resigned as executive director of company on June 01st, 2017.

Personal Life

Mr. Yeung has four children with his wife Ho Siu Ling. They have three daughters and one son, the youngest. All of his children attended international schools in Hong Kong.

Estimated ages of his children (2017):

Yeung Hok Kan Kanny - age 25

Yeung Hok Yung Mary - age 23

Yeung Hok Lam Lyann - age 19

Yeung Hok Kwun Hugo - age 18

Mr. Yeung is the brother of Mr. Yeung Michael Wah Keung,and the uncle of Mr. Yeung Andrew Kin, an executive Director of the Company.