Character experience, Lee Shau Kee.

When he was born, his father, Mr. Li, owned two shops, Tianbao Rongjinpu and Yongsheng Bank, dealing in gold, foreign exchange and foreign currency trading respectively. As soon as Lee Shau Kee became sensible, he was sent to a private school for education, became familiar with the Four Books and Five Classics, and became interested in reading ancient books. 10 years old, my father also hired Mr. Liang Huimin, a literature professor at Sun Yat-sen University in Guangzhou, as the new teacher of Lee Shau Kee. Mr. Liang Huimin found that Lee Shau Kee was diligent in thinking, so he often put forward some questions in combination with the course to inspire his thinking.

Once, after teaching "Zhi Zhi can decide later, decide later, be quiet later, be quiet later, be safe later, be safe later, be safe later, be safe later, be safe later", Teacher Liang asked Lee Shau Kee to combine this truth with real life to understand. Soon, Lee Shau Kee, a teenager, gave an old-fashioned answer in combination with many gold shops he had contacted: "For example, if a person has only one dollar to do business, he has to use one dollar to buy things. It's fun to make money. If it is eroded, forget it. If you know what is appropriate, you will not be confused, so that your body and mind will be stable and you will not be attacked by evil thoughts. You can see your true nature clearly, and your heart will be calm, and your heart will be calm. At this time, you can do things calmly and cautiously, you can plan your future career development, and your achievements will naturally be earned. " Mr. Liang Huimin was deeply touched after listening.

From the age of six, Lee Shau Kee was arranged by his father to study business in the shop at home. Mother was a little worried that her son was too young to cope with the older guys, but Lee Shau Kee soon became his father's right-hand man, smart and resourceful, with excellent mental arithmetic skills.

There is a saying in the gold shop industry that "playing with gold and stealing gold, playing with silver and stealing silver". When Lee Shau Kee walked into the store, he found that his own goldsmith shop also had this problem. He wanted to tell his father the news and let him take measures, but the goldsmith was in short supply and could not afford to offend him. He was worried that the goldsmith's departure would affect the business of the gold shop. In a dilemma, he decided to teach himself gold casting technology and was no longer subject to others.

By the age of 12, Lee Shau Kee had mastered the core technology and knowledge of gold viewing, melting and melting, and soon became the master cabinet of Tianbao Rongjin Shop, becoming a well-known child prodigy and gold wizard in Shunde. His eye for discriminating gold and his skill in refining gold are admirable. He also learned a truth from it: it is better to rely on others than on himself. To be a boss, you must have excellent skills. During the Anti-Japanese War, the foreign paper trade of the Central Bank of the National Government was still active, because people thought it could still be used on the day of recovery. It is also for this reason that everyone only likes to keep intact, straight and smooth paper money, because it will not be damaged until the day of recovery. In this way, the value of residual coins and dirty coins will drop by 30% to 40% when trading. Because this family also deals in paper money, this problem has attracted Lee Shau Kee's attention.

Later, inspired by washing clothes, he invented a method of changing old money into new money: soaking the old paper money in water, washing the stains with bleaching powder, applying a layer of protein to make it tough, then air-drying and ironing. He received it at a discount of 67%, cleaned it quietly, but exchanged it at full price. Not only did he make a lot of profits, but he also had another reason to do business: whenever and wherever goods want to sell well, they must be packaged.

Mr. Li also has business in Guangzhou Bay, so he needs to be taken care of frequently. Seeing that his son was in charge of the overall situation, he simply handed over all two stores in Shunde to Lee Shau Kee. /kloc-At the age of 0/5, Lee Shau Kee, who shouldered the heavy responsibility, lived up to expectations and his career was flourishing. After Japan's defeat, the currency depreciated sharply. Although Lee Shau Kee is well-run and manages the pavement in an orderly way, his father still hopes that he will find a better place to display his talents. 1948, Lee Shau Kee, who worked as a shopkeeper for four years and honed to perfection, went to Hongkong alone with 1000 yuan. At that time, there were twenty or thirty gold shops and silver shops in Wenxian East Street, Central, Hong Kong, specializing in gold trading, foreign currency exchange and remittance, and their business nature was no different from that of Yongsheng Bank in Shunde, Li. When he first arrived in Hongkong, Lee Shau Kee took advantage of his familiarity with currency exchange business, and put up orders in several silver shops, engaging in the trading of foreign exchange and gold. At that time, during the war of liberation, many rich people from the mainland went to Hong Kong, and the foreign exchange business and gold trading business were very prosperous. Lee Shau Kee cooperated with He Xian and others and made a fortune in this golden war, which laid the foundation for his later career development.

In the early 1950s, after the liberation of the mainland, Britain quickly recognized the status of China and established diplomatic relations. Lee Shau Kee realized that Hongkong would become a bridge for China to go to the world, so he switched to hardware business and import and export trade, and the business was very smooth. At that time, the population of Hong Kong increased rapidly, industry and commerce began to develop, and the housing construction plans of the government and the market could no longer meet the growing demand. Lee Shau Kee, who has long believed that physical objects are more valuable than money, decided to enter physical objects (real estate). Later, when Lee Shau Kee recalled his life in those years, he said, "When I was seven or eight years old, I often went to my father's bunk for dinner. I have been exposed to business since I was a child. Later, working in Yinzhuang, I deeply realized that all legal tender, counterfeit money, gold certificates and so on. It can become waste paper overnight with political changes, which makes me realize that holding physical objects is the best way to preserve value. "

From 65438 to 0958, eight partners, including Lee Shau Kee, Feng Jingxi and Guo Desheng, set up Yongye Company and began to set foot in real estate business. After the establishment of the company, they introduced the method of "selling by layers and paying by installments for ten years", which changed the past real estate business model for the middle and lower class citizens, making the business very hot and all the buildings built were sold out.

1963, Lee Shau Kee, Guo Desheng and Feng Jingxi reorganized Yongye and established Sun Hung Kai Enterprise Co., Ltd. Mr. Guo Desheng, who is older and owns 40% of the shares, is the youngest, and Lee Shau Kee, who owns 30% of the shares, is the vice chairman and general manager.

As the general manager, Lee Shau Kee is mainly responsible for three things: first, the design of architectural drawings; second, the purchase of land; and third, the sales of buildings. For these three things, he did everything himself and developed his skills. Lee Shau Kee can see at a glance whether there is a problem with the design of the drawings, which makes the planners of his famous universities sigh. He is also good at buying land. Once, he got the news that Zheng Zongshu, the owner of the old Regent Building in Queen's Road Central, intended to sell the land and had verbally promised to sell it to others. He quickly asked: "Who is Zheng Zongshu familiar with?" If the left and right people can't answer, remind the other party to sign the sales contract in the lawyer's building tomorrow. Hearing this, Lee Shau Kee nodded and said, "This means I still have time tonight." Sure enough, he found a way through many inquiries, and called a friend who was familiar with Zheng Zongshu in the early morning. A few days later, I got the land. In the years since then, he has maintained this spirit of identifying goals and perseverance. Lee Shau Kee has different ways to acquire land. According to "Chinese Business Strategy", in Hong Kong, Henderson Land rarely participates in government land auctions, but there are always ways to buy land with high quality and low price. This is mainly because Lee Shau Kee has two magic weapons. The first is to buy "Class B land exchange rights". At that time, the Hong Kong government expropriated agricultural land in the New Territories for development purposes. It first reclaimed the land from farmers in batches with the right of land exchange, and then exchanged it with the government when the land for building was allocated centrally. This makes many farmers who want to cash in immediately have no idea about land exchange rights before the government's land exchange order. Lee Shau Kee bought their land exchange right in cash, which was both popular and cheap. As soon as the government announced the development plan, a large number of equity books he bought became developable land. The second way to buy land is a huge systematic project-the renovation of old buildings. Buy the old building in the golden zone and build a new building in the old place. This method has multiple benefits, developers benefit, cities are refreshed, old owners cash out, and the government increases taxes. However, it is very hard, because the acquisition of a small property (such as a household) alone cannot support the development plan of a real estate project, so Henderson Land has also developed a unique skill building merger. By buying property from multiple owners of a target site, land can be obtained by assembling various parts. In order to take over the old building, he set up a tight encirclement, not only facing Hong Kong, but also looking for a building to buy in the resettlement place of the property left by foreigners in Hong Kong. The merger is extremely difficult and complicated. If an owner doesn't sell, he will lose everything, but Henderson Land has a special liking for it. For decades, there have been numerous mergers and acquisitions. Lee Shau Kee also famously said, "Every inch of land will be contested", and this sentence has also spread everywhere.

In terms of sales, Lee Shau Kee has also made bold innovations. At that time, most properties in Hong Kong were sold as a whole, and a large number of middle-income groups were discouraged. Therefore, he created the method of layered sales and installment purchase (mortgage) to build and sell buildings, which was very popular. In a short time, Sun Hung Kai enterprises emerged in the real estate industry and made a lot of profits. Lee Shau Kee, Guo Desheng and Feng Jingxi are also called "Three Musketeers" by the industry. The installment shopping method pioneered by Lee Shau Kee has been widely adopted since then, which has played a very good role in Hong Kong people's living and working in peace and contentment. 1972, Sun Hung Kai Properties was officially listed, and the "Three Musketeers" who worked together for more than ten years also broke up at this time. After the breakup, Lee Shau Kee got a venue and real estate worth about HK$ 50 million, which he used to establish Yongtai Jianye Co., Ltd. in cooperation with Hu Baoxing at the end of 1972 .. Hu Baoxing was the chairman and Lee Shau Kee was the vice chairman. At the beginning of 1973, when the Hong Kong stock market was bullish, Lee Shau Kee took the opportunity to let Yongtai Company go public, and the stock of one yuan per share suddenly rose to one yuan and seventy cents, and Lee Shau Kee made a fortune. After that, the Hong Kong stock market collapsed with the world economic recession, and the real estate industry also fell into a trough. Lee Shau Kee is holding a huge amount of cash at this time. He seized the opportunity and bought land and old buildings at a low price.

From 65438 to 0975, Hong Kong stocks began to recover. Lee Shau Kee has set up its own company-Henderson Land Co., Ltd., with a share capital of HK$ 65.438+RMB 50 million and 20 sites. After the establishment of the company, Lee Shau Kee intends to list Henderson Land. He chose the most convenient method-buying a shell to go public, that is, buying a small listed company and then transforming to go public. Lee Shau Kee set his sights on Yongtai Jianye Company, which he co-founded. He exchanged his property for19 million shares of Yongtai, becoming the largest shareholder, replacing Hu Baoxing as the chairman of Yongtai's board of directors. After Lee Shau Kee took over Yongtai, he injected the general public-oriented management mode into Yongtai, which made Yongtai develop well and its share price rose from 1 yuan at the beginning of 976 to 3 yuan in 4 yuan.

Under the management of Lee Shau Kee, Yongtai's business is booming and its profits are growing rapidly. At 1979, Lee Shau Kee decided to issue new shares, because the profit more than doubled. As a result, Yongtai shares exceeded 1 100 million shares, with a market value of over 900 million yuan and more than 20 properties. According to Hong Kong law, private individuals cannot own more than 75% of the shares of listed companies. Lee Shau Kee already owns 70% of Yongtai. His aim is to directly list Henderson Land as Yongtai Company as soon as possible.

At the beginning of the establishment of Henderson Land, there were only 65.438+0.5 billion yuan equity and 20 properties. But a few years later, its territory surged to more than 100. In Hong Kong, where land is scarce, it is by no means easy to continuously acquire enough land for building houses. Lee Shau Kee has increased its land reserve for itself with its unique vision and way. His method is to buy old buildings and then tear them down and sell them. Most of these old buildings are in urban areas, so the development potential is amazing.

Lee Shau Kee has been advertising in Chinese newspapers in Europe and America for many years to buy old buildings in Hong Kong. This move is convenient for overseas Chinese, and it also enables Lee Shau Kee to get the best benefits without competitors. After buying the old building, he will buy the whole building one after another, and then gradually buy the surrounding buildings. After the acquisition, he will buy it even if the price is higher. Because even so, it is more cost-effective than official land bidding. Lee Shau Kee manages the real estate industry in an industrialized way. He regards land as raw materials and buildings as finished products. Constantly buying land and producing finished products, Henderson Land has become a "building manufacturing factory" in Hong Kong population.

198 1 In June, in another wave of frenzy in the Hong Kong stock market, Lee Shau Kee successfully listed Henderson Land with a one-time financing of HK$ 1 billion, which enriched its own strength. Successfully passed the low tide when Hong Kong's status was uncertain in the early and middle 1980s. After the low tide in the mid-1980s, Lee Shau Kee and his Henderson by going up one flight of stairs.

1983, 1984, due to the transfer of sovereignty, Hong Kong's economy was depressed and many companies were deserted. Lee Shau Kee has just split Henderson Land into Henderson Land Co., Ltd. and listed it on July 23rd. 198 1. There are not only a large number of buildings under construction, but also loan relationships with more than 20 banks. It is the trust given by banks and builders, as well as a large number of purchases driven by the strategy of small profits but quick turnover, that enabled him to successfully pass the biggest test since doing business. From 65438 to 0985, after the sovereignty issue became clear, Hong Kong's economy began to pick up. 1988, Henderson Land Company acquired Yongtai Jianye in an all-round way and changed its name to "Henderson Land Development Co., Ltd.". At the same time, Henderson Development announced the issuance of1200 million new shares. As our company owns 28.7% equity of Hong Kong Ferry Company and 26.4% equity of China Gas Company.

At this point, Lee Shau Kee's carefully designed merger and acquisition war has finally achieved a happy ending. By completely annexing Hu Baoxing, which is stronger than him, Lee Shau Kee achieved the goal of using others to develop himself. Lee Shau Kee's tactics of backdoor listing, merger and acquisition are still successful examples in the stock market acquisition war, and are also famous examples often quoted by Hong Kong economics professors in class.

Lee Shau Kee also ranks among the top ten richest people in Hong Kong. Hong Kong real estate authorities have commented on Lee Shau Kee, Li Ka-shing, Guo Desheng and Zheng Yutong: Changjiang Industry is brilliant; Sun Hung Kai Properties is stable and promising; The courage to explore the new world is convincing; Henderson is far-sighted and takes the lead in setting an example. Henderson Land invested in China World Hotel, Garden Hotel and other projects in Guangdong as early as 1980, and then accelerated its pace, and completed several investment projects represented by Henderson Center in Beijing, costing 3.3 billion RMB. After 1990, Henderson Land participated in a large number of commercial construction projects in Hong Kong and the Mainland, such as the construction of many large-scale landmark projects, such as the International Financial Center, which was the largest private development project in the world at that time. At the same time, it caters to the growing purchasing power and consumer demand of ordinary citizens, comprehensively improves the quality of housing, continuously increases the entertainment facilities of clubs in large-scale high-density venues, and enters the high-end property market. In the new era, we will continue to firmly grasp the market trend and lead the development.

1In February, 1993, Ho, Ho, and Stanley Ho acquired Peboleam Company on the west coast of Canada for HK$/kloc-0.49 billion. 1In August, 1994, the Canadian property Baifuxuan (with a total construction area of16300m2) was sold with a market value of160 million USD. Henderson Land invested heavily in mainland real estate on 1992. By1June, 1993, the Group had developed 20 plots of land in Chinese mainland, with a total construction area exceeding18.58 million square meters, which were distributed in Beijing, Shanghai, Guangzhou and Shenzhen, and the acquisition cost was lower than 10% of the total assets of the Group. 1993 In the second half of the year, Henderson Land purchased two more plots in Guangzhou and Dongcheng, Beijing respectively.

Lee Shau Kee originally planned to list these mainland investments separately, but it failed, partly because Henderson China lacked three-year performance and did not meet the listing rules. Therefore, Henderson Land raised $460 million by issuing convertible bonds (bonds can be converted into shares listed by Henderson China in the future). Henderson Land, Sun Hung Kai Properties and New World Development jointly invested 6.5 billion yuan to invest in Wuhan River Beach Filling Project, renovation of steam turbine plant and heavy machinery plant, renovation of Zhongshan Road and Wuhan Hotel. Signed a letter of intent with Wharf to invest in commercial housing in Jing 'an District, Shanghai; Together with Sun Hung Kai Properties and New World Development Fund, it has invested at least $65.438 billion in Wuhan state-owned enterprises.

After the reform and opening up in the mainland, we joined hands with Hu, Feng Jingxi and others to invest in Guangzhou China Hotel. Since then, it has invested heavily in the mainland, with an investment of tens of billions of yuan. 1996 1 month, the Beijing Henderson Center was capped. The project has a total investment of 3.3 billion yuan and a construction area of over 280,000 square meters. It is located on Chang 'an Avenue and has become another beautiful scenery in Beijing. By 1996, Henderson (China) had 22 projects in the Mainland with an asset valuation of 137 billion Hong Kong dollars. At that time, Lee Shau Kee authorized her eldest son, Li Jiajie, to run her business in the Mainland, and successfully listed Henderson Land (China). On 1993, Lee Shau Kee was hired by the Hong Kong and Macao Affairs Office of the State Council and the Hong Kong Branch of Xinhua News Agency as a consultant on Hong Kong affairs. /kloc-0 was hired as a member of the Preparatory Committee of the Hong Kong Special Administrative Region at the end of 1995. Lee Shau Kee has three sons and two women. Li Jiajie, the eldest son, graduated from the University of London and is now a director of Henderson Land, participating in the development and management of the company. Since 1990s, Henderson Land has entered a golden age. From 65438 to 0997, Lee Shau Kee achieved a historic breakthrough, and Henderson Land became the first Hong Kong stock listed in Japan. While devoting himself to the real estate business, Mr. Lee Shau Kee also devotes himself to diversification. Since the mid-1970s, he has successively acquired the controlling shares of China Gas, Hongkong Ferry and Miramar Hotel Group. By 1996, the number of users of China Gas had grown to nearly12000, and the shareholders' profit had also increased from1005 million yuan to1946 million yuan. In addition, Hong Kong Ferry and Miramar Hotel have also made new progress.

During this period, Mr. Lee Shau Kee also expanded his career overseas, and participated in the investment in Singapore and other places, and gained rich returns.

After years of development, Lee Shau Kee has become a well-known figure in the real estate industry. He is the chairman of Henderson Land in Hong Kong and China Gas Company in Hong Kong, holding 59.87% equity of Henderson Land, 2.5% equity of Bank of East Asia, 65,438+02% equity of Sun Hung Kai Company and 65,438+00% equity of Sin Chew New Metropolis Development. In addition, Lee Shau Kee holds 765,438+0.8% shares in Henderson Land, 29.7% shares in China Gas, 32.6% shares in Yaumatei Ferry and 25% shares in Guangzhou Luoxi New Town. 196 Henderson Land's total market value reached US$ 65.438+02.330 billion, with total assets of HK$ 67.945 billion and turnover of HK$11.71100 million, ranking among the top listed companies in Hong Kong. A few years ago, Lee Shau Kee gradually handed over its business operations to the next generation and professionals, but it is still planning its own enterprise kingdom. On June 5438+February 65438+May 2004, Lee Shau Kee announced the establishment of "Evonne Financial Enterprise Company", which is dedicated to managing the family's investment of up to $6.5 billion scattered around the world.

Since the establishment of Evonne Finance and Economics Enterprise Company, Lee Shau Kee's performance in the investment field has been particularly eye-catching. During this period, he bought shares of mainland central enterprises listed in Hong Kong, and many enterprises such as China Netcom, China Life Insurance, China Property Insurance, China Electric Power, China Petroleum, CSCL, Ping An Insurance, Bank of Communications, COSCO Holdings, Shenhua Energy and China Construction Bank were favored by him and entered with huge funds. When Bank of China was listed in Hong Kong in 2006, Lee Shau Kee bought13140,000 shares (about US$ 497 million) to continue to support large central enterprises. Through this investment, it has also achieved high returns and successfully transformed in these three years. In recent years, small investors in Hong Kong who have followed suit and learned about the new shares of mainland enterprises have also made huge profits.

A 78-year-old man successfully "changed his career" and turned the assets of Evonne Financial Enterprise Company from 50 billion yuan to 65.438+20 billion yuan, thus winning the title of "Asian stock god". Once upon a time, this "Asian stock god" hated stock trading most. As the chairman of Henderson Group, he complained to the president at that time that the red chips of mainland companies listed in Hong Kong were overheated during 1997. What he said is true. At that time, most of the red chips that were sought after had no profit support and made a big fuss. Finally, it was a group of retail investors. Today, ten years later, Lee Shau Kee seized the opportunity and turned to make good use of the platform of international financial center, so that tens of thousands of global financial professionals gathered here can turn his great wealth into greater wealth. Mr. Lee Shau Kee has his own views on career and life:

First, "being rich and frugal is a wise saying, because the first capital is the most important, and with it as the cornerstone, it is easy to succeed." He further explained: "The most taboo of being a man is to earn more money every day, make ends meet, have capital, settle down, and don't hesitate if you are unemployed." This money comes from thrift. He advised young people not to spend all the money they earned at once, but to save it. "The so-called" getting rich by the day "is by no means resigned, but refers to being in line with the right time, the right place and the right people, and absolutely can't be forced. Wealth has a cause and a result, and every cause is organic and blessed. Once you know that you can't do it, the reluctant consequences will lead to failure sooner or later. " He said: "People who are neither poor nor rich are the happiest and can enjoy themselves."

Second, stop, settle, be quiet, be safe, worry and gain.

Lee Shau Kee summed up a passage in the university in four books: "Zhi Zhi can decide later, decide later, be quiet later, be quiet later, be safe later, be safe later, be safe later, consider later, and get it." And come to the "six-character mantra" of stop, settle, be quiet, be safe, worry and gain, and think that these six-character mantra can be used no matter whether it is done well, business is done well or investment is good. As long as you think slowly and step by step according to these six words, "there will be no great danger, and things will be organized and hierarchical."

When Lee Shau Kee was a teenager, his teacher Liang Huimin tested him on how to integrate the six-character mantra into real life. At that time, Lee Shau Kee's answer was: "For example, if a person has only one dollar to do business, he has only one dollar to buy things. Be happy when you earn, and forget when you lose. Knowing moderation is enough, you won't be confused, so your body and mind will be "settled" and you won't be attacked by evil thoughts. You will be clear-headed and calm, and you will be calm and calm. At this time, you can handle things calmly and do things more carefully, you can plan your future career development, and your grades will naturally "win"

Third, the investment should accurately calculate the return.

Lee Shau Kee believes that the most important thing in investment is to accurately calculate the return. Don't do it if the return is low. If the return is high, it is worth studying and investing. For example, Li said that the education fund he set up is a good example. The money invested in more than ten or twenty years has trained talents, and it is endless. One is to train ten successful talents and give back to the society. Ten cultivate another hundred, which is the best investment. Gambling is the worst, pumping water for people, with low returns and eventually losing. For another example, buying a house into negative assets is also an investment that is not worth the loss.

Lee Shau Kee talked about personal wealth and said an old saying: "Ill-gotten wealth, letting wealth and fame drift by like clouds." He has always believed that unscrupulous and unethical, it is useless to be developed. One should have his own principles and ideals.

Lee Shau Kee believes that the sense of success brought by career does not lie entirely in money. In his mind, the most important thing to do real estate is to have the ability to predict and identify. Buying land is like buying a shirt. If you buy it cheaply and wear it for a long time, it means that you have a good eye and it is worth it. Everyone goes to buy land together. Whoever knows the goods and who doesn't know the goods, "no material", will know in a few years. In short, investment is like a touchstone. Being able to distinguish between "high" and "low" and being good at observation is the most successful state. Lee Shau Kee not only has a quick and accurate investment vision, but also attaches great importance to the traditional human touch in dealing with people, unlike some businessmen who only recognize money but not people. For decades, his Henderson Company has cooperated with almost all major real estate companies in Hong Kong, and is known as the "clown" land king.

As the "big brother" in the real estate industry, Lee Shau Kee took the lead in depreciating the latest property in Ma 'anshan New Port City by 8%, which set an example for other real estate companies. Although Lee Shau Kee only graduated from primary school, he has a unique skill: abacus is faster than computer. He sees far and accurately, and his memory and execution are amazing. He knows his own territory, area, purchase price and what sideline he can develop like the back of his hand. He personally participated in all the businesses under the group. Personally guide the drawings and design, regard yourself as a user, and put yourself in the shoes to consider how to design a house. Once in the mid-1980s, he saw a schematic diagram of a big house specially set up for small and medium-sized families. Picking it up, he said to the designer: "Small and medium-sized families rarely greet relatives and friends at home, and colleagues rarely visit each other. If there are any festive banquets, they are all patronized by the restaurant teahouse, so the restaurant need not be too big. The extra area should be equipped with a bathroom in the master room, which is more distinctive. " Later, his invention was very popular and quickly popularized. On the evening of June, 2065438, Kloc-0, Henderson Land announced the replacement of the chairman and managing director and the appointment of independent non-executive directors. According to the announcement, Lee Shau Kee will step down as Chairman and Managing Director, Chairman of Nomination Committee and member of Remuneration Committee of the Company and remain as Executive Director. Lee Shau Kee's second son, Li Ka-shing, will be transferred to the company's chairman and managing director, and will be appointed as the chairman of the nomination committee and a member of the remuneration committee.

Lee Shau Kee, the 87-year-old chairman of Henderson Land, announced on July 1 2065438 that he would step down as chairman and managing director of Henderson Land, but he would retain the position of executive director of the company. Lee Shau Kee's second son, Li Ka-shing, took over as the chairman of the company, which means that Lee Shau Kee's business career of more than 50 years has come to an end. "If you get sick first, you should take the lead, and make a good plan." He thinks that it is indispensable to cultivate your own ability, make preparations in advance, and have a unique vision to get ahead of others. Lee Shau Kee has a famous saying: "Small enterprises are afraid of grain and interest, while large enterprises are afraid of interest and food." He thinks that the most important thing in small business is hard work and diligence. He hates spending time and money on eating, drinking and socializing. And the most important thing to do big business is to calculate accurately. The business volume is large, and the funds and profits involved are large. It is very important to pay more and pay less interest.