Mr. Patrick Yau, Director and Chief Financial Officer of YCY, is another founder of the company.
Mr. Yau, has over 20 years of experience in Retail Marketing and Management, and is the in-charge of the Administration, Financial and Accounts and Marketing Division of YCY.
Mr. Yau was the General Manager of the Marketing Development Division in Chung Yuen Electrical Co. Ltd., overseeing the Merchandising Department, AV Wholesale Department, Electrical Wholesale Department, Retail Operation Department and Corporate Purchase Services Department.
Mr. Yau successfully:
- Developed the outlets of Chung Yuen from 2 to 9 and pushed up the annual sales turnover from HK$42 million (1995) to HK$380 million (2001).
- Developed the own brand – Kaneda for OEM of Rice cooker, Water heater, Tower Fan and Range Hoods.
- Obtained the exclusive rights in the product launch of Fujitsu plasma PDS-4229S, Samsung plasma SPM-42P2HS, Sharp DVDDV-600, etc. in the market in 2000.
- Created the market of Plasma products and the after-sales-service. As a result of this, Chung Yuen Electrical Co. Ltd. gained a 31.9% market share (as per the GfK market research report 2001) in the Plasma retailing market.
Organized a Shopping Day for HSBC credit card holders in Harbour City Bazaar and earned a HK$18 million sales turnover in 6 days.
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