Huang Minli
Wong Man Li, is the founder, chairman, chief executive officer, and executive director of Man Wah Holdings Limited. As of August 23, 2017, he ranked 883rd on Forbes’ Real-Time Billionaires List with a net worth of US$2.6 billion.[1] Wong and Ouyang Yanhua co-founded Man Wah Sofa (the predecessor of Man Wah Holdings) in 1992.[2]
Biography
- Born in 1965 in Nan'an, Fujian Province[3][4][5];
- Graduated from Guoguang High School in Nan'an, Fujian in 1979;
- In 1980, at the age of 15, moved alone to Hong Kong, starting as a factory worker with a daily wage under US$4;
- Between 1980–1992, worked his way up to become manager of electronics and textile factories;
- In 1992, during China's economic reform, began his entrepreneurial career;
- Sold an apartment for US$120,000, which was used to invest in a home furnishing factory in Shenzhen Special Economic Zone. The factory recorded US$3 million in sales in its first year[3][4][6];
- With just 3 employees, Man Wah was listed in Singapore by 2005, raising over HK$200 million for its Huizhou Dayawan industrial park construction;
- In 2009, Man Wah was delisted in Singapore, and re-listed in Hong Kong in 2010.[3][4]
Public Roles
- Vice President, International Furniture & Decoration (Hong Kong) Association since February 21, 2005;
- Committee Member, Hong Kong Young Industrialists Council, November 2008;
- Vice President, 5th Guangdong Huizhou Overseas Liaison Association, November 2008;
- Member, 10th Committee of the Chinese People's Political Consultative Conference (CPPCC), Huizhou, January 2009;
- Member and Director, Sha Tin Community Foundation, January 2011;
- Chairman, Build Hong Kong Charitable Foundation;
- President, Hong Kong General Chamber of Commerce and Industry.
Investment in LeEco
On November 16, 2016, LeEco Auto confirmed a US$600 million investment round, with US$300 million paid in advance. Sources revealed the funds included personal investments from Wong Man Li and other CKGSB classmates of Jia Yueting. Wong later clarified it was a personal investment and had no relation to Man Wah Holdings, although he remained optimistic about Jia's future.[6][4][7]
Honors
- 2006: Outstanding Contribution Award by Singapore Prime Minister Lee Hsien Loong;
- December 2007: Named one of Hong Kong’s Ten Outstanding Young Industrialists;
- January 2011: Elected Fellow of the Asian Knowledge Management Institute and received honorary PhD in Management from Lincoln University;
- January 2014: Featured on the cover of Forbes Asia[8][9];
- 2015: Awarded the Bronze Bauhinia Star in Hong Kong.
Political Views
Wong Man Li is affiliated with the pro-Beijing camp in Hong Kong.
He believes Hong Kong’s political disputes have negatively affected governance and business confidence. According to Wong, democracy involves the majority's interests and collaborative dialogue, not coercion. He supports the Basic Law and opposes "civil nomination" or the "Occupy Central" movement, citing concerns it would hinder political progress.
Response to Muddy Waters Short Attack
On June 7, 2017, Carson Block of Muddy Waters announced a short position against Man Wah Holdings. Wong refuted the claims, stating the company had no fake accounts and had never feared such accusations. He asserted the Macau operations were legally declared and tax-compliant. Wong filed a complaint with the Hong Kong Securities and Futures Commission and reserved the right for legal action if false allegations continued.
References
- ↑ https://zh.wikipedia.org/wiki/%E9%BB%83%E6%95%8F%E5%88%A9#cite_ref-Wong_Man_Li_1-0
- ↑ https://zh.wikipedia.org/wiki/%E9%BB%83%E6%95%8F%E5%88%A9#cite_ref-The_World's_Billionaires_2-0
- ↑ 3.0 3.1 3.2 https://zh.wikipedia.org/wiki/%E9%BB%83%E6%95%8F%E5%88%A9#cite_ref-%E4%BD%8E%E8%B0%83%E3%80%81%E7%A5%9E%E7%A7%98......%E6%B3%89%E5%B7%9E%E8%B5%B0%E5%87%BA%E5%8E%BB%E7%9A%84%E4%B8%96%E7%95%8C%E6%B2%99%E5%8F%91%E5%A4%A7%E4%BA%A8%E9%BB%84%E6%95%8F%E5%88%A9_3-0
- ↑ 4.0 4.1 4.2 4.3 https://zh.wikipedia.org/wiki/%E9%BB%83%E6%95%8F%E5%88%A9#cite_ref-%E8%B4%BE%E8%B7%83%E4%BA%AD%E2%80%9C%E5%A5%BD%E5%90%8C%E5%AD%A6%E2%80%9D%E7%AA%81%E7%94%9F%E9%80%80%E6%84%8F%EF%BC%8C%E6%95%8F%E5%8D%8E%E6%8A%95%E8%B5%84%E5%85%AC%E5%91%8A%E6%97%A0%E6%84%8F%E6%8A%95%E4%B9%90%E8%A7%86_4-0
- ↑ https://zh.wikipedia.org/wiki/%E9%BB%83%E6%95%8F%E5%88%A9#cite_ref-%E8%B4%BE%E8%B7%83%E4%BA%AD%E2%80%9C%E5%A5%BD%E5%90%8C%E5%AD%A6%E2%80%9D%E5%8F%98%E8%84%B8%EF%BC%9A%E6%95%8F%E5%8D%8E%E6%8E%A7%E8%82%A1%E6%97%A0%E6%84%8F%E6%8A%95%E4%B9%90%E8%A7%86_%E5%AE%9E%E6%8E%A7%E4%BA%BA%E4%B8%AA%E4%BA%BA%E6%8A%95%E8%B5%84_5-0
- ↑ 6.0 6.1 https://zh.wikipedia.org/wiki/%E9%BB%83%E6%95%8F%E5%88%A9#cite_ref-%E7%BB%99%E8%B4%BE%E8%B7%83%E4%BA%AD6%E4%BA%BF%E2%80%9C%E6%95%91%E5%91%BD%E9%92%B1%E2%80%9D%E9%95%BF%E6%B1%9F%E5%95%86%E5%AD%A6%E9%99%A2%E5%90%8C%E5%AD%A6%E6%98%AF%E4%BD%95%E6%96%B9%E7%A5%9E%E5%9C%A3_7-0
- ↑ https://zh.wikipedia.org/wiki/%E9%BB%83%E6%95%8F%E5%88%A9#cite_ref-%E6%95%8F%E5%8D%8E%E6%8E%A7%E8%82%A1%E9%BB%84%E6%95%8F%E5%88%A9%EF%BC%9A%E5%92%8C%E8%B4%BE%E8%B7%83%E4%BA%AD%E8%81%8A%E7%9A%84%E9%83%BD%E6%98%AF%E9%A3%8E%E8%8A%B1%E9%9B%AA%E6%9C%88_8-0
- ↑ https://zh.wikipedia.org/wiki/%E9%BB%83%E6%95%8F%E5%88%A9#cite_ref-%E6%B2%99%E5%8F%91%E5%A4%A7%E4%BA%A8%E9%BB%84%E6%95%8F%E5%88%A9:%E2%80%9C%E5%9D%90%E2%80%9D%E5%87%BA%E6%9D%A5%E7%9A%84%E8%B4%A2%E5%AF%8C_9-0
- ↑ https://zh.wikipedia.org/wiki/%E9%BB%83%E6%95%8F%E5%88%A9#cite_ref-Hong_Kong_Billionaire_Wong_Man_Li_Shakes_Up_U.S._Furniture_Market,_Widens_Aim_At_China's_10-0