The Hong Kong Jockey Club (“Club”) announced today (22 June) that Mr Philip Chen, GBS JP had been elected by the Board of Stewards (“Board”) as the new Chairman of the Club. Mr Michael T H Lee, JP was elected as the new Deputy Chairman.

Mr Chen succeeds Dr Anthony Chow, who retired on the same date having reached the age of 70. Dr Chow served more than 18 years as a Steward of the Club, almost two of them as Chairman.  In appreciation of his outstanding service and contribution, the Board has invited Dr Chow to become an Honorary Steward.

Mr Chen has been a Club Member since 1987 and a Voting Member since 2003. He is currently a Non-Executive Director of Hang Lung Properties. Mr Lee has been a Club Member since 1989 and a Voting Member since 2001. He is currently Director of Oxer Holdings Ltd.

Speaking about the chairmanship, Mr Chen paid tribute to his predecessors. “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.”

Looking to the future, Mr Chen said: “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.”  

The Hong Kong Jockey Club
Founded in 1884, The Hong Kong Jockey Club is a world-class racing club that acts continuously for the betterment of our society. The Club has a unique integrated business model, comprising racing and racecourse entertainment, a membership club, responsible sports wagering and lottery, and charities and community contribution. Through this model, the Club generates economic and social value for the community and supports the Government in combatting illegal gambling. In 2018/19, the Club made a record return to the Government of HK$23.3 billion in duty and profits tax and contributed HK$1.3 billion to the Lotteries Fund. Approved charity and community donations were HK$4.3 billion. The Club is Hong Kong’s largest single taxpayer and one of the city’s major employers. Its Charities Trust is also one of the world’s top ten charity donors. The Club is always “riding high together for a better future” with the people of Hong Kong.

Attachments
1: Biography of Mr Philip Chen
2: Biography of Mr Michael Lee