Highlights:Ricky started his career in KPMG Hong Kong audit department and worked there over 13 years, assisting large scale Chinese enterprises for IPO and M & A in US/HK/China stock markets. After leaving KPMG, Ricky was appointed as CFO for his audit client, namely Mingyang Smart Energy. During the 5-year working span in Mingyang, Ricky helped the company to optimize its financial performances, completed the privatization of Mingyang from New York Stock Exchange, re-listed the Company on the Shanghai A-share main board. Mingyang is a 10 bagger for its privatization investors. After Mingyang, in the role CFO, Ricky led SPAC/IPO of two start-up companies, namely Meten Education and Zhangmen Education, in Nasdaq and New York Stock Exchange respectively. Currently, Ricky runs his own investment company for investment mainly in US technology companies and commodities stocks. Ricky is also independent director of two HK Listed Companies.

Skills:Financial management, US and China IPOs, SPAC, US stock privatization, 13 year audit experience

Goal:Lead a growing company to achieve financial excellence and enhance shareholders' longterm value.

Membership:Member of Hong Kong Institute of Certified Public Accountants Shanghai Stock Exchange Board Secretary Certificate

Certification:Hong Kong University of Science and Technology Bachelor’s degree in accounting Ricky has extensive experience in the capital markets and is one of the few in the market who is familiar with both China A Share and US/HK IPOs.

Honor:See above

Director 1/2022 - current
Ruixi Enterprise Ltd, , Hong Kong
Due to macro-economic factors, many Chinese startups have performed poorly, and the chance of a successful listing has been significantly reduced. The valuation inversion in the primary and secondary markets is serious, and for most start-up companies, the highest valuation point will be when they go public. On the other hand, technology companies in the A-share and Hong Kong stock markets are seriously undervalued, and the US stock market is booming. The secondary market is a relatively good investment opportunity.
Ricky founded his own investment company and transferred his CFO and capital market experience to the investment direction. The main investment directions are technology, growth companies and energy companies, including Chinese and American technology and Internet application companies and American LNG companies, etc., and have achieved good investment returns.--
Chief Financial Officer 11/2020 - 09/2021
Zhangmen Education, , China
Founded in 2007, Zhangmen Education has become the absolute leader (70% market shares) of China's afterschool online 1-to-1 tutoring business after seven years from establishment, with annual revenue exceeding RMB 5 billion.
Brought in the best professional teams and investment banks for education industry and to kick off the IPO in just 2 weeks after joining Zhangmen. On 21st May 2021, three weeks before the IPO, a meeting of the Chinese government's Commission for Deepening Reform decided to introduce measures to reduce after-school tutoring, including a possible crackdown on education companies' access to the capital market, a policy that makes the listing highly uncertain. Under the strong pressure of the policy, we accelerated the IPO schedule and obtained the support of the existing shareholders, including Warburg Pincus, Softbank, and Genesis Capital. With the fastest execution speed and reasonable pricing, we successfully listed on the New York Stock Exchange on June 8th. The company's shares rose as much as 76% on their first day of trading and closed more than 40% with market cap over USD2.5 billion. Over finance management, review of new business opportunities and potential acquisition targets--
Chief Financial Officer 06/2019 - 07/2020
Meten International Education Group, , China
Founded in 2006, Meten has surpassed EF (English First), Wall Street and other foreign brands to become the No.1 online and offline omni-channel adult English training company in China. The group has 150 offline training centers in over 40 cities in China.
Joined in Meten in August 2019 with full responsibility for financial management and the IPO of Meten by the first quarter of 2020. In 2019, the company experienced adverse effects such as significant decrease in delivery of English course hours, losses arising from acquisition of a youth English training company in 2018, closure of major competitors in the industry, and significant decline in performance and profit. Since January 2020, the new corona virus epidemic occurred in China, and 150 offline training centers were completely shut down for 5 months. After the roadshow in Hong Kong and the United States in February 2020, the U.S. stock market experienced five times circuit breaker, most investors are facing liquidity problems, but also dare not invest in any IPO deals. Finally, with multiple rounds of TTW and roadshows, we finally completed the listing on NASDAQ in the form of SPAC on March 31. The project was funded by Guomao Education Group, a Fortune Global 500 company, and Azimut, Italy's largest independent asset management company. Routine financial duties include the reviewing performance of the offline training center and implementing measures to improve performance and reduce costs. Analyzing the performance efficiency of online marketing, promotional activities, renewal and referral, and the efficiency analysis of teaching staff and marketing staff. Design cost reduction measures and implementation at group level, including office sharing, human resource’s structure, and commission rate restructuring, etc. Design and plan the financial sharing functions including cashier automation, digitalized expenses controls, reduce the number of financial personnel by 30%. Feasibilities studies for M&A of regional brands of adult and youth English online and offline center.--
Chief Financial Officer 11/2014 - 06/2019
Mingling Smart Energy, , China
In 2014, the chairman of Mingyang invited me to join Mingyang as CFO, responsible for overall financial management, investor relations and the investment department of Mingyang. Responsible for the overall financial management of the group, including two sectors, namely wind turbine manufacturing and wind farm investment.
Prepare monthly business plan and budget management. Plan and implement various financial initiatives, including cost and expenses reduction, asset, and capital optimization plans. Lead the merger and acquisition of an upstream frequency conversion and main control enterprise (RMB1.2 billion valuation) in 2015, which increased the company's gross profit margin by 20% in 2016. Lead the investment feasibility analysis of overseas wind farm and complete the withdrawal of the joint venture company with Reliance Group of India, so that Mingyang can freely sell wind turbines in India. Complete the privatization of Mingyang from the New York Stock Exchange of the United States. We started planning in July 2015, officially announced intention for privatization in November, and the deal was completed within 8 months in June 2016. Successfully raised the investment of RMB700 million from reputable private equity funds and obtained a 5-year privatization loan of RMB700 million from China Construction Bank for privatization purpose. After the privatization, successfully raised another round private equity financing of RMB700 million to support the capital needs of the company's development before the A-share listing. Completed the listing process of Mingyang in A-share market. The stock reform (for A-Share listing purpose) was completed in March 2017, followed by the inspection and acceptance of Guangdong Securities Regulatory Bureau. The draft prospectus was submitted in February 2018. We provided prompt and effective feedback on multiple rounds of China Securities Regulatory Commission comments, including a number of business and accounting related questions. In November 2018, together with the Chairman of the board, I participated in the hearing of the CSRC committee and successfully obtained the approval for IPO. After lPO, completed the one-to-one roadshow of over 100 domestic and international mutual funds, hedge funds, private equity investors and brokerage analysts. The market capitalization increased from RMB6.7 billion at IPO to RMB35 billion.--
Senior audit manager 10/1999 - 8/2012
KPMG, , Hong Kong
Over 13 years of financial experience. Joined KPMG Hong Kong in 1999 and transferred to KPMG Guangzhou from 2006 to 2013. I have extensive experience in IPO audits, mergers and acquisitions and share issuance in the Hong Kong, United States and A-Share China.
Lead audit teams in auditing the statements prepared by different types of enterprises in accordance with US GAAP, IFRS, Hong Kong Financial Reporting Standards or China Accounting Standards. During this period, I successfully completed several sizable deals with domestic clients in acquisition, financing, restructuring and IPOs in the United States, Hong Kong, and Shanghai. My key clients included: China Southern Airlines: Served in China Southern Airlines audit team for 13 consecutive years and was promoted to senior engagement manager step by step due to excellent work. During this period, I was responsible for the quarterly and annual financial and Sarbanes Oxley internal control audit for its dual listing on the NYSE and the Hong Kong Stock Exchange. Completed China Southern Airlines’s further listing on Shanghai Stock Exchange A shares. Assisted China Southern Airlines in completing major mergers and acquisitions such as Xinjiang Airlines and China Northern Airlines. Peak Sporting Goods: As the senior engagement manager, successfully assisted Peak Sporting Goods to get listed on the Hong Kong Main Board in 2009. During IPO process, market sentiment and appetite were significantly impacted by the financial crisis in 2008 and Peak was not able to proceed with IPO even under low single digit PE multiple valuation. In 2009, Peak was successfully listed in Hong Kong main board with more than double valuation that Peak's net profit doubled because of strong domestic demand in 2009. Mingyang Smart Energy: As the senior engagement manager, assisted Mingyang (established in 2006) to successfully go public in New York Stock Exchange in October 2010, with IPO proceeds of USD 350 million, which was the largest Chinese company IPO in that year with a market valuation of over RMB 10 billion. With the IPO proceed, Mingyang became China’s Top 3 wind turbine manufacturer in the following year. During the IPO process, I was also responsible for preparation of three-year financial forecasts, which served as the key basis for valuation, and prepared the road show documents and simulated questions and answers for the Chairman of Mingyang.--

Hong Kong University of Science and Technology 09/1996 - 07/1999
, , Hong Kong
Degree: Bachelor's Degree
Major:Accounting
Hong Kong University of Science and Technology is the top business school in Hong Kong and Asia.

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