Tse Chong Hing
Chairman and Managing Director
In office at date of report As reported at 2026-06-26The business, the people and the ownership behind Valuetronics.
Business overview
Valuetronics Holdings provides integrated electronics manufacturing services to original equipment manufacturers. Its services span product design and engineering, new product introduction, printed circuit board assembly and complete product assembly.
Listed security
Board & management
The cited roster lists Chairman and Managing Director, Executive Director and three independent directors; physical page16 separately lists Vice President Operations, Vice President Business Development and Chief Financial Officer. These disclosed roles are preserved; none is relabelled Chief Executive Officer.
Chairman and Managing Director
In office at date of report As reported at 2026-06-26Executive Director
In office at date of report As reported at 2026-06-26Lead Independent Director
In office at date of report As reported at 2026-06-26Independent Director
In office at date of report As reported at 2026-06-26Independent Director
In office at date of report As reported at 2026-06-26Vice President, Operations
Vice President, Business Development
Chief Financial Officer
Roles listed in Annual Report 2026; current appointments are not independently verified.
Holdings
The report’s page 94 list is titled “Twenty Largest Shareholders”; it is not separately described as a depository/registered holder list. The six substantial-shareholder register rows are separately disclosed on page 95. The report’s shareholding snapshot is 17 June 2026; director interests are reported at 1 April 2025 and 31 March 2026.
Shareholding source as at17 June2026: 409,262,027 issued shares excluding treasury; top20 total304,814,198 shares(74.48%).
Top20 heading does not explicitly identify registered or depository holdings; names are displayed as shareholders without inferred registration classification.
Printed percentages for ABN Amro(1.46%) and OCBC Securities(1.24%) differ by0.01 percentage point from independently rounded calculations(1.45%/1.23%). Printed report values retained.
Director direct/deemed holdings have separate opening1 April2025 and closing31 March2026 axes; options and PSP award counts remain distinct.
direct 75,990,411 shares (18.57%); deemed – shares (–%); total 75,990,411 shares (18.57%)
Substantial shareholders as recorded in the register; as at 17 June 2026 As reported at 2026-06-17direct 32,000,361 shares (7.82%); deemed – shares (–%); total 32,000,361 shares (7.82%)
Substantial shareholders as recorded in the register; as at 17 June 2026 As reported at 2026-06-17direct – shares (–%); deemed 29,314,900 shares (7.16%); total 29,314,900 shares (7.16%)
Substantial shareholders as recorded in the register; as at 17 June 2026 As reported at 2026-06-17direct – shares (–%); deemed 29,314,900 shares (7.16%); total 29,314,900 shares (7.16%)
Substantial shareholders as recorded in the register; as at 17 June 2026 As reported at 2026-06-17direct – shares (–%); deemed 29,314,900 shares (7.16%); total 29,314,900 shares (7.16%)
Substantial shareholders as recorded in the register; as at 17 June 2026 As reported at 2026-06-17direct – shares (–%); deemed 29,314,900 shares (7.16%); total 29,314,900 shares (7.16%)
Substantial shareholders as recorded in the register; as at 17 June 2026 As reported at 2026-06-1775,990,411 shares; 18.57% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-1733,205,967 shares; 8.11% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-1732,000,361 shares; 7.82% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-1729,355,000 shares; 7.17% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-1725,120,275 shares; 6.14% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-1720,325,861 shares; 4.97% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-1718,472,557 shares; 4.51% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-1717,368,288 shares; 4.24% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-178,751,551 shares; 2.14% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-176,300,000 shares; 1.54% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-175,952,810 shares; 1.46% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-175,123,421 shares; 1.25% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-175,054,280 shares; 1.24% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-174,312,610 shares; 1.05% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-173,906,005 shares; 0.95% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-172,968,300 shares; 0.73% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-172,800,000 shares; 0.68% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-172,782,691 shares; 0.68% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-172,780,310 shares; 0.68% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-172,243,500 shares; 0.55% of issued shares
Twenty largest shareholders; as at 17 June 2026 As reported at 2026-06-17In name of Directors: 1 April 2025 75,990,411; 31 March 2026 75,990,411; deemed interest: – at both dates
Ordinary shares of HK$0.10 each; columns are 1 April 2025 and 31 March 2026In name of Directors: 1 April 2025 32,000,361; 31 March 2026 32,000,361; deemed interest: – at both dates
Ordinary shares of HK$0.10 each; columns are 1 April 2025 and 31 March 2026In name of Directors: 1 April 2025 –; 31 March 2026 –; deemed interest: – at both dates
Ordinary shares of HK$0.10 each; columns are 1 April 2025 and 31 March 2026In name of Directors: 1 April 2025 –; 31 March 2026 –; deemed interest: – at both dates
Ordinary shares of HK$0.10 each; columns are 1 April 2025 and 31 March 2026In name of Directors: 1 April 2025 –; 31 March 2026 144,300; deemed interest: – at both dates
Ordinary shares of HK$0.10 each; columns are 1 April 2025 and 31 March 2026Options granted in FY2026: –; aggregate granted since commencement: 3,225,000; exercised: (3,225,000); outstanding at year end: –
ESOS 2007 aggregate options to end of FY2026; outstanding at 31 March 2026 As reported at 2026-03-31Options granted in FY2026: –; aggregate granted since commencement: 2,800,000; exercised: (2,800,000); outstanding at year end: –
ESOS 2007 aggregate options to end of FY2026; outstanding at 31 March 2026 As reported at 2026-03-31Options granted in FY2026: –; aggregate granted since commencement: –; exercised: –; outstanding at year end: –
ESOS 2007 aggregate options to end of FY2026; outstanding at 31 March 2026 As reported at 2026-03-31Options granted in FY2026: –; aggregate granted since commencement: –; exercised: –; outstanding at year end: –
ESOS 2007 aggregate options to end of FY2026; outstanding at 31 March 2026 As reported at 2026-03-31Options granted in FY2026: –; aggregate granted since commencement: –; exercised: –; outstanding at year end: –
ESOS 2007 aggregate options to end of FY2026; outstanding at 31 March 2026 As reported at 2026-03-31Aggregate awards granted since commencement of PSP 2008 to end of financial year: 3,225,000
PSP 2008 cumulative awards to end of FY2026; source separately states no current awards outstanding As reported at 2026-03-31Aggregate awards granted since commencement of PSP 2008 to end of financial year: 2,800,000
PSP 2008 cumulative awards to end of FY2026; source separately states no current awards outstanding As reported at 2026-03-31Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Group structure
Note 15 lists 11 subsidiaries with country, principal activity, incorporation/establishment date and 2026/2025 Group effective interests. Note 16 separately identifies one associate, Trio AI Limited. No joint venture schedule was identified in the audited notes inspected. Honor Tone Electronics (Hui Yang) Enterprises Limited is reported as deregistered on 15 October 2025; the source table prints FY2026 and FY2025 effective equity interests of 100%; its FY2026 paid-up capital is a dash and FY2025 capital is HK$5,500,000.
| Company | Market | Ownership interest |
|---|---|---|
| Value Creation Enterprises LimitedDirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | British Virgin Islands; Investment holding; FY2026 100%; FY2025 100% | |
| Maxhall Ltd.Indirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | British Virgin Islands; Investment holding; FY2026 100%; FY2025 100% | |
| Mighty Resources Inc.Indirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | British Virgin Islands; Investment holding; FY2026 100%; FY2025 100% | |
| Honor Tone LimitedIndirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | Hong Kong; Electronics manufacturing; FY2026 100%; FY2025 100% | |
| Value Chain LimitedIndirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | Hong Kong; Investment holding; FY2026 100%; FY2025 100% | |
| Honor Tone Electronics (Hui Yang) Enterprises LimitedIndirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | PRC; Electronics manufacturing; FY2026 100%; FY2025 100% | |
| Huizhou Daya Bay Honor Tone Industrial Ltd.Indirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | PRC; Property holding and electronics manufacturing; FY2026 100%; FY2025 100% | |
| Valuetronics Asia LimitedIndirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | Hong Kong; Trading and provision of business services; FY2026 100%; FY2025 100% | |
| Value Match Company LimitedIndirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | Hong Kong; Investment holding; FY2026 100%; FY2025 100% | |
| Valuetronics Vietnam Company LimitedIndirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | Vietnam; Electronics manufacturing; FY2026 100%; FY2025 100% | |
| Computing Assets LimitedIndirectly held; Group effective equity interest FY2026 and FY2025PDF p. 70 | Hong Kong; Provision of business services; FY2026 100%; FY2025 100% | |
| Trio AI LimitedGroup effective equity interest; FY2026 and FY2025PDF p. 71 | Hong Kong; Provision of business services; FY2026 26.60%; FY2025 55% | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
| Item | Value | Period / scope | Source |
|---|---|---|---|
| MR HUANG JIAN YUAN | Vice President, Operations | PDF p. 16 | |
| MR LOIC MESTON | Vice President, Business Development | PDF p. 16 | |
| MR JOSEPH LUI KA HO | Chief Financial Officer | PDF p. 16 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Related parties, people & properties
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Tse Chong Hing | 1,150 | Interested person transactions FY2026 (excluding transactions < S$100,000) | PDF p. 39 |
| – Concord Building Co., Ltd (note (a) & (b)) | 1,150 HK$'000 | Group, 2026 | PDF p. 82 |
| – Trio AI since it became an associate | 5,144 HK$'000 | Group, 2026 | PDF p. 82 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Tse Chong Hing | 1,828,000 S$ | FY2026; Salary 35%, Bonus 65%, Fee 0%, Benefits 0% | PDF p. 30 |
| Chow Kok Kit | 1,347,000 S$ | FY2026; Salary 38%, Bonus 62%, Fee 0%, Benefits 0% | PDF p. 30 |
| Wilson Liu | 95,000 S$ | FY2026; Fee 100% | PDF p. 30 |
| Stephen Ho | 80,000 S$ | FY2026; Fee 100% | PDF p. 30 |
| Sandy Liu | 80,500 S$ | FY2026; Fee 100% | PDF p. 30 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 31 SUBSEQUENT EVENT | Since Trio AI failed to pay the rent pursuant to the terms, an event of default has occurred on 1 June 2026. | Group | PDF p. 82 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| BUSINESS OUTLOOK | Barring unforeseen circumstances, the Group expects to remain profitable in FY2027. | Chairman's Statement | PDF p. 5 |
| OUTLOOK | Looking ahead, the Group expects the operating environment to remain fluid and uncertain. | Operations Review | PDF p. 11 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Corporate information