Press Release

Octopus Holdings Limited (OHL) Appoints New Non-Executive Chairman Jeny Yeung to Assume Office on 1 January 2023

(Hong Kong – 28 September 2022) Octopus Holdings Limited (OHL) is pleased to announce the appointment of Ms Jeny Yeung as the Group's new Non-executive Chairman effective 1 January 2023, to succeed Mr David Eldon who has been in office since 1 January 2016, and will retire after seven years of service on 31 December 2022.

The Board of Directors of OHL welcomes Ms Yeung as the new Chairman and gives thanks to the retiring Chairman, Mr David Eldon, for his forward-looking leadership and contribution to the company. The Board of Directors expresses their gratitude to Mr Eldon for, in particular, stewarding digital transformation, fast-tracking online and mobile strategies, as well as spearheading product diversification with the aim of deepening market penetration and establishing a robust track for the future.

"I am delighted to welcome Ms Yeung, whose expertise and vigour will drive the development of the Octopus Group into its next chapter. The role of Chairman is pivotal in charting the way for the Group in an increasingly complex operating environment. I am confident that the Group will continue to progress and thrive under Ms Yeung's leadership," said Mr Eldon.

Commenting on her appointment, Ms Yeung said, “I feel very privileged to take on this role at a time when digital transformation is bringing major shifts to the payments industry, while Octopus services are becoming more integrated into customers’ everyday lives. I am excited to be working closely with the Group's senior management and my fellow colleagues of the Board, to steer our home-grown brand to scale new heights in meeting customers' diverse payment needs, and fulfilling Octopus' mission in making people's lives easier."

Ms Yeung is Hong Kong Transport Services Director of MTR Corporation, and has overall responsibility for the Corporation’s railway transport operations and its commercial businesses in Hong Kong, including the metro network, the Airport Express and the High Speed Rail. She is currently the Chairlady of Ngong Ping 360 Limited, and has been a Non-Executive Director of Octopus Holdings Limited, Octopus Cards Limited and Octopus Cards Client Funds Limited since 1 March 2021.

 

Ms Jeny Yeung

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