【WeLab Bank extends its deepest condolences to those affected by the fire】WeLab Bank is deeply saddened by the fire in Tai Po and expresses its deepest condolences to those injured and affected families. We sincerely appreciate the efforts of frontline rescuers and stand with the community. In order to support those affected customers, we will provide additional service support and assistance: (1) Provide affected customers with a 6-month repayment grace period (including both principal and interest), while waiving related late charges and handling fees.(2) Any enquiries from those affected customers will be dealt with priority, and appropriate assistance will be provided. (3) Customer service dedicated hotline: (852) 3898 6988. WeLab Bank reminds customers to stay vigilant against fraud during this period. If in doubt, please contact us immediately at (852) 3898 6988.
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Corporate Governance


Board of Directors

Non-executive directors:

Prof. CHAN Ka Keung Ceajer (Chairman)

Mr. LOONG Pui Chi Simon

Mr. LEUNG Chun Man Ernest


Executive director:

Mr. LEE Ka Tat


Independent non-executive directors:

Mr. Donald Jeffrey ROBERTS

Ms. CHANG Suk Ling Irene

Mr. LEE Kam Wing Bruno


Board Committees

The four specialized committees under the Board of Directors (the “Board”) of Welab Bank Limited (“WeLab Bank”), namely Audit Committee, Risk Committee, Nomination Committee and Remuneration Committee, are all chaired by an independent non-executive director and comprised of a majority of independent non-executive directors.


Audit Committee


The Audit Committee assists the Board in ensuring the adequacy of the internal control systems and reinforcing the work of internal audit function and external auditors and in fulfilling its duties through a review and supervision of WeLab Bank’s financial reporting. The Audit Committee oversees the establishment of WeLab Bank’s accounting policies and procedures, approves the internal and external audit plans periodically, reviews reports and recommendations provided by the internal and external audit function, and reports significant findings, if any to the Board in relation to any deficiencies in WeLab Bank’s internal control system.


Chairman: Mr. Donald Jeffrey ROBERTS*


Members: Ms. CHANG Suk Ling Irene*

Mr. LEUNG Chun Man Ernest


Risk Committee


The Risk Committee ensures an appropriate risk management framework, overseeing and monitoring the various risks affecting WeLab Bank including technology risk. The Risk Committee reviews and supports the implementation of the risk management strategies, risk appetites and key risk policies based on the guidelines and directives of the Hong Kong Monetary Authority. The Risk Committee interacts regularly with and oversees the Chief Risk Officer and also receives regular risk reports from the Chief Risk Officer and the risk management function of WeLab Bank.


Chairman: Ms. CHANG Suk Ling Irene*


Members: Mr. Donald Jeffrey ROBERTS*

Mr. LEE Kam Wing Bruno*

Prof. CHAN Ka Keung Ceajer

Mr. LEUNG Chun Man Ernest


Nomination Committee


The Nomination Committee leads the process for appointments to the Board and for identifying and nominating for the approval of the Board, candidates for appointment to the Board. The Nomination Committee is also responsible for identifying individuals suitably qualified to become members of senior management and selecting, or making recommendations to the Board on the selection of, individuals nominated for senior management positions (based on the role and its responsibilities and the knowledge, experience and competence which the role requires).


Chairman: Mr. LEE Kam Wing Bruno*


Members: Ms. CHANG Suk Ling Irene*

Mr. Donald Jeffrey ROBERTS*

Prof. CHAN Ka Keung Ceajer

Mr. LOONG Pui Chi Simon


Remuneration Committee


The Remuneration Committee formulates remuneration policy and remuneration proposals of all staff, in particular, Directors, Chief Executive, Alternative Chief Executives and senior management of WeLab Bank and overseeing its implementation. The Remuneration Committee in determining the remuneration proposals shall ensure consistency with WeLab Bank’s culture, long-term business and risk appetite, performance and control environment and relevant legal requirements and rules and guidance published by regulatory authorities.


Chairman: Mr. LEE Kam Wing Bruno*


Members: Ms. CHANG Suk Ling Irene*

Mr. Donald Jeffrey ROBERTS*

Mr. LEUNG Chun Man Ernest


*Independent non-executive director