Sphere No.45 (Sep 2018)

SPHERE #45 2018 20 THE LONG RIVER FLOWS ON >> Something happened this year for the first time in the 68-year history of the CK Group: a Chairman stepped down. r Li Ka-shing, founder of Cheung Kong Plastics in 1950, the source of the Cheung Kong – Cantonese for Yangtze – ‘river’ that has flowed into the lives of millions of staff and customers around the globe, retired. However, something else happened for the first time: a new Chairman stepped up. Mr Victor Li has been steeped in the Group since his beginning. Apart from a few years receiving a top-notch education in the US, he has grown up hearing about, then working in, the CK Group. He has had unparalleled access to the ultimate mentor and has been the right hand of Mr Li senior for decades. As he steps up, he is not alone, but leads a Board of extraordinary executives. The CK Group continues to benefit from one of the deepest, world-class executive talent pools ever assembled, which will ensure the continuity of the Group. The new Chairman takes up his role with deep respect for the past. “On behalf of the Board, I would like to extend our sincere gratitude to Mr Li for his invaluable contributions at practically no cost to the Group, and deep appreciation that Mr Li has agreed to stay on as Senior Advisor to continue to contribute to the Group.” M THE PASSING OF THE TORCH 1 Chairman, meet the Chairman! The flame continues to shine brightly as Mr Li passes the torch to his son, Victor Li. 2 - 5 At the 2018 Annual General Meeting (AGM), Mr Li is overwhelmed with joy at the outburst of exuberant appreciation from the assembled shareholders after he thanks them for their stalwart support. 7 1 2