The Hong Kong Jockey Club (HKJC) has named Philip Chen as the new Chairman of the Club after being elected by the firm’s Board of Stewards.
Chen will take over from Dr Anthony Chow, who has stepped down from the HKJC after 18 years as a Steward, two of which were as Chairman.
Chen has been a member of the HKJC since 1987 and been a voting member since 2003. He is currently a Non-Executive Director of Hang Lung Properties.
In addition to Chen’s appointment, the board confirmed that Michael T H Lee was elected as the new Deputy Chairman. Lee has been a Club Member since 1989, a voting member since 2001, and currently serves as Director of Oxer Holdings Ltd.
Speaking about the chairmanship, Chen said: “It is an immense honour and privilege for me to take up this new role. Our past Chairmen, Stewards, Voting Members and Management have built a strong foundation for the Club over the decades. In particular, I would like to thank my predecessor, Dr Anthony Chow, who has contributed so much to the Club and to the community it serves.”
“The Club has a well-established and highly effective integrated business model, which has enabled us to achieve world-class racing, provide substantial tax and charity support, and deepen our engagement with the community.
“Certainly in these challenging times the Club will do everything it can to support the betterment of our society, which is, and always will be, our purpose.”