About Us LiberResearch is an independent research arm of the Kingsway Financial Services Group Ltd. LiberResearch is committed to producing high quality and in-depth independent equity research for our clients. Our primary focus is on medium to small capitalization companies and sectorial studies in the Greater China markets. The team produces various economic, sectorial, company research reports. We also produce high quality focused short synopsis on companies & topics which are of interest to investors. Stephen Leung Stephen Leung is the Head of Research of Kingsway Financial Services. He has over 16 years of equity research experience. Prior to joining Kingsway, he has worked at Daiwa Institute of Research, CLSA, KE Absolute, Apex Capital and HSBC covering the telecoms industry for over 10 years as well as other sectors, such as technology, utilities, industrials and infrastructure. Stephen graduated form York University in Toronto, Canada with an honours degree in Economics and Business. Email : stephen.leung@kingswaygroup.com Phone : +(852) 2283-7306 Gordon Wong Gordon Wong is an Associate Director of Kingsway Financial Services. He has 20 years of working experience in the financial services sector, of which 14 years were specialized in equity and investment research in HK. Prior to joining Kingsway, he was Research Manager at South China Research Ltd. He has also served Dao Heng Securities, TOM.COM and Kim Eng Securities (HK) Ltd. Gordon graduated from University of Stirling, Scotland, UK with an Master of Science in Investment Analysis; CFA Charterholder. Email : gordon.wong@kingswaygroup.com Phone : +(852) 2283-7307 Eva Chun Eva Chun is an Associate Director of Kingsway Financial Services. She has over 10 years working experience in equity research in HK. Prior to joining Kingsway, she has worked at Shenyin Wanguo Securities, SinoPac Securities (Asia) and Piper Jaffray Asia Securities. Major sectors covered included food and beverage, retail, consumer, industrial, textile, white goods, cement, power, etc. Eva graduated from the University of New South Wales, Austrialia with a Bachelor of Economics, major in Economics and Finance. Email : eva.chun@kingswaygroup.com Phone : +(852) 2283-7321 Paul Wu Paul is a Research Associate of Kingsway Financial Services. He graduated from Simon Fraser University, in Burnaby, Canada with a Bachelor of Arts degree in Economics. Prior to joining Kingsway, he has worked in Bloomberg L.P. (HK). Email : paul.wu@kingswaygroup.com Phone : +(852) 2283-7609 Jim Fong Jim Fong is a Research Associate of Kingsway Financial Services. He has around 3 years of working experience in the financial sector. Prior to joining Kingsway, he has worked at Touche Tohmatsu as Senior Auditor. Jim graduated from the University of Hong Kong with a Bachelor degree in Economics and Finance. Email : jim.fong@kingswaygroup.com Phone : +(852) 2283-7336 Jonathan Chan Jonathan Chan is a Research Associate of Kingsway Financial Services. He has over 3 years of working experience. He had worked for KPMG and The University of Hong Kong. Prior to joining Kingsway, he has worked at KPMG as Audit Accountant. Jonathan graduated from the University of Hong Kong with a MPhil in Electrical and Electronic Engineering and a BEng in Computer Engineering. Email : jonathan.chan@kingswaygroup.com Phone : +(852) 2283-7618