Board of Directors

Our shareholders are electing MTSH’s Board of Directors (BOD) during the Annual General Meeting. The main mission of MTSH’s BOD: to safeguard the sustainability of our Company and to develop its assets.

Our BOD has 12 members and has set up three committees. Last year our BOD met 10 times. The attendance of each Director is disclosed below:

Name

Role

Type

% of meeting attendance

U Win Aung

Chairman

Non-Executive

100%

U Theim Wai

Vice Chairman

Non-Executive

80%

U Khin Maung Aye

Vice Chairman

Non-Executive

90%

Prof. Dr. Aung Tun Thet

Director

Independent

70%

U Thein Han

Director

Non-Executive

100%

U Tun Lwin

Director

Non-Executive

100%

U Tin Htut Oo

Director

Independent

100%

U Nyi Khin (member until the 29th September 2018)

Director

Non-Executive

90%

U Tin Maung Hlaing

Director

Non-Executive

100%

U Nyan Thit Hlaing

Director

Non-Executive

100%

U Aung Nyunt

Director

Independent

100%

U Myint Zaw (member since the 29th September 2018)

Director

Executive

-

U Aung Soe Tha

Managing Director

Executive

80%

U Win Aung  -  Non-Executive Chairman

Present Directorships in listed Companies -
Date of appointment  -  8.7.2013
Last re-elected  -  24.10.2016
Interest in the Company
- Directly: 256,340
- Indirectly: 2,029,046

U Win Aung is the Chairman of the Myanmar Thilawa SEZ Holdings Public Co., Ltd. He is one of the initiators and the lead negotiator between Japan and Myanmar Government leaders as well as founder Chairman for Myanmar private sector’s involvement in the implementation of the Thilawa SEZ jointly with the Japanese investors, to create investment opportunities for Myanmar Citizens.

U Win Aung founded and continues as the Chairman of the Dagon Group of Companies since its establishment in 1990. Since 1993, Dagon Group of Companies has successfully implemented property development projects. Dagon Group of Companies engages in wide range of business in general trading, residential and commercial development such as shopping malls, hotel development, integrated agricultural development, value added food industry, logistics and distribution, automobile distribution, petroleum distribution, and in other business sectors.

He is the Chairman of Myanmar Agro Exchange Public Limited which specializes in agri value chain & infrastructure development such as Danyingon vegetables, fruits and flower wholesale market. He is also founder and Chairman of Golden Land East Asia Development Limited (GLAD), which is one of the founding public companies of MTSH. He is a board secretary representing Yangon Regional Government at Yangon Metropolitan Development Public Co., Ltd a joint venture company between Yangon Regional Government and Myanma Construction and Development Public Co., Ltd which aims to develop & upgrade greater Yangon City & Yangon Region.

U Theim Wai @ Mr. Serge Pun  -  Non-Executive Vice Chairman

Present Directorships in listed Companies
- First Myanmar Investment Co., Ltd.
- Myanmar Thilawa SEZ Holdings Public Limited
- Yoma Strategic Holdings Ltd. (Singapore)
- Memories Group Limited (Singapore)

Date of appointment  -  8.7.2013
Last re-elected  -  9.9.2017
Interest in the Company
- Indirectly: 643,503

U Theim Wai @ Mr. Serge Pun is the Vice Chairman of the Board of Directors and one of the Principal Shareholders of the Company. He is also the Chairman of Serge Pun and Associates (SPA), First Myanmar Investment Company Limited (FMI), Yoma Strategic Holdings (YSH) and Memories Group Limited (Memories).

SPA’s flagship FMI, one of the first public companies in Myanmar, was established in 1992. In 2006, Mr. Pun led YSH to a successful listing on the mainboard of the Singapore Stock Exchange (SGX). FMI became the first company to be listed on the new Yangon Stock Exchange on March 2016. On January 2018, the Memories Group, the Group’s tourism business successfully gained a listing on the SGX Catalist Board.

Mr. Pun is currently a member of the World Economic Forum ASEAN Regional Group, ASEAN Business Council, Asia Business Council and a standing member of the Chinese People’s Political Consultative Conference of Dalian. Additionally, he served as an Honorary Business Representative of the International Enterprise Singapore for Myanmar from 2004 till 2006.

U Khin Maung Aye  -  Non-Executive Vice Chairman

Present Directorships in listed Companies -
Date of appointment  -  8.7.2013
Last re-elected  -  9.9.2017
Interest in the Company
- Indirectly: 1,860,000

U Khin Maung Aye is a Vice Chairman of the Board of Directors of the Company. He is the Chairman of New City Development, which is one of the Principal Shareholders of our Company. New City Development is a public company that is engaged in town planning and infrastructure development, with the objective of improving the living standards of rural areas in Myanmar and relieving the population pressure in the big cities in Myanmar.

U Khin Maung Aye established Kaytumadi Co., Ltd in 1991 and is also the Founder and Chairman of the Kaung Myanmar Aung Group. He is also the Chairman of the KMA Shipping Co.,Ltd Citizen Business Insurance Public Limited, Myanmar Microfinance Bank Limited and Golden Myanmar Airlines Public Company Limited (all of which are associated with the Kaung Myanmar Aung Group). He is also the Chairman of Co-Operative Bank Limited and the Chairman of the Central Cooperative Society (CCS).

U Khin Maung Aye was elected as Chairman of the Myanmar Banks Association at its 15th Annual General Meeting that took place on 4 December 2015. He is the Chairman of Myanmar Investors Development Association (MIDA), which was established in 2014, the main objective of which is Bridging Myanmar to the world.

He is a member of the Private Sector Development Committee formed by the President of the Republic of the Union of Myanmar on 24 October 2016 by Notification No. 79/2016 of President’s Office.

He is also a member of Farmer’s Rights Protection and Promotion of Framer’s Interests Steering Committee.

In additional to his expansive entrepreneurial duties, he is a well- known philanthropist. He accomplishes the humanitarian work with a unique passion and innovation.

U Khin Maung Aye graduated with a Bachelor of Science (Maths) Q2 degree from the University of Yangon in 1985.

Dr. Aung Tun Thet - Independent Director

Present Directorships in listed Companies
- First Myanmar Investment Co.,Ltd.
Date of appointment  -  1.11.2014
Last re-elected  -  9.9.2017
Interest in the Company  -  None

Prof. Dr. Aung Tun Thet is an Independent Director of the Company. He serves as member of the Peace Commission, governing Board Member of UNESCO-Mahatma Gandhi Institute of Education for Peace and Sustainable Development, Honorary Professor at the University of British Columbia, in Vancouver, Canada, Chairman of the UN Global Compact Myanmar Network, Advisor to the Union of Myanmar Federation of Commerce and Industries, Visiting professor at Yangon University and Yangon University of Economics and National Contact Point for the Organization for Economic Co-operation and Development (OECD) Responsible Business Conduct, Chief Coordinator of Union Enterprise of Humanitarian Assistant, Resettlement and Development in Rakhine (UEHRD), Member of Myanmar Investment Commission.

Prof. Dr. Aung Tun Thet holds a Bachelor of Commerce from Yangon University, a Post-Graduate Diploma in Management Studies from the University of Brighton, M.Sc. in Operations Research from the University of Warwick and a Ph.D. in Management Sciences from the University of Manchester and a Post-doctoral Research Fellow from University of Marburg. He was awarded an Honorary Doctorate D.Litt. Degree by the Yangon University of Economics in 2015.

U Thein Han  -  Non-Executive Director

Present Directorships in listed Companies -
Date of appointment  -  8.7.2013
Last re-elected  -  24.10.2016
Interest in the Company
- Indirectly: 1,797,000

U Thein Han is the member of the Board of the Company. He served as the Managing Director in our Company and also as the Chairman of Myanmar Japan Thilawa Development Limited (MJTD) from 2013 to 2017.

He is Chairman of Myanmar Edible Oil Industrial Public Corporation Limited (MEICO), which is one of the Principal Shareholders of our Company. MEICO is an Industrial Public Company engaged in manufacturing, importing and in local distribution of various kinds of edible oil and oil related products.

He is the Founder of Golden Horse Company Limited established in 1990 which is engaged in the business of manufacturing, export, import and in local distribution of various kinds of edible oil and oil-related products and also export sesame seeds and sesame oil to Japan market. He served as a member of the Board of Director of Shwe Taung Cement Company Limited (Apache Brand Cement) from 2010 to 2017. Currently, he is serving as one of the Directors of Future Energy Company Limited (Hydropower), both of which are part of the Shwe Taung Group in Myanmar.

He is also a Director of Myanmar National Telecom Holdings Public Limited (MNTH) which is one of the Principle Shareholders of the 4th mobile telecommunication operator in Myanmar with the brand name MYTEL. U Thein Han is a patron of the Myanmar Edible Oil Dealers’ Association (MEODA) and also serves as Vice President of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). U Thein Han graduated with a Bachelor of Science Degree, majoring in Chemistry, B.Sc (Chem) from Rangoon Arts and Science University (RASU) in 1972.

U Tun Lwin  -  Executive Director

Present Directorships in listed Companies
- Myanmar Citizens Bank Ltd
Date of appointment  -  8.7.2013
Last re-elected  -  29.9.2018
Interest in the Company 
- Directly: 523,850
- Indirectly: 1,971,010

U Tun Lwin is a Director of the Company. He has been the Chairman of MAGDPL since 2012, which is one of the biggest shareholders of our Company. MAGDPL is a public company, and is currently developing container and general cargo handling International Terminal at plot number 29 of the Thilawa Port Area, among other business operations. He is the director of MAPCO. And, he is also the director of Myanmar Citizens Bank Limited. He is serving as the vice-chairman of National Resources Development Company Limited too.

He is presently the Managing Director of Shwe Me Group of Companies. Shwe Me Group of Companies has been listed as 3rd to 23rd highest taxpayer in the country for the Income Tax and Commercial Tax Categories from Financial year 2010-2011 to 2016-2017. And, on 2014, it has been awarded the prestigious “President’s Excellence Award for Tax and Revenue Duty”. He is the Chairman of SCG - Shwe Me Logistics (Myanmar) Co., Ltd.

He is currently serving as the Chairman of Myanmar Pulses, Beans and Sesame Seeds Merchants Association, the Central Executive Committee Member of UMFCCI and the Treasurer of Myanmar-Japan Association. The companies he is associating are currently exporting agricultural products, importing construction materials and general cargo, providing logistics services, developing terminal at Thilawa port area, growing teak plantations and involving in other business sectors too. He attended the Audit Committee Master Programme in April 2018 jointly sponsored by International Finance Corporation and Myanmar Institute of Directors.

U Tin Htut Oo  -  Independent Director

Present Directorships in listed Companies  - 
Date of appointment  -  1.11.2014
Last re-elected  -  9.9.2017
Interest in the Company  -  None

U Tin Htut Oo is an Independent Director of the Company. He was appointed in November 2014.

Currently he is the Chairman of Agriculture Group of Yoma Strategic Holdings Ltd., a public listed Myanmar Company in Singapore and CEO of Agribusiness and Rural Development Consultants (ARDC) in Myanmar. He is Chairing the Board of the Center for Economic and Social Development (CESD) and also an Advisor to Union of Myanmar Chamber of Commerce and Industry (UMFCCI) and Myanmar Rice Federation. He holds a Bachelor of Agriculture degree (B. Ag) from the Institute of Agriculture, University of Mandalay (1971) Myanmar and M.Sc (Agricultural Economics) from Ohio State University (1985) USA. He was a Visiting Research Fellow at the Institute of Developing Economics, Tokyo, Japan in 1994-1995.

From 2001 to 2009, he was the Director-General of the Department of Agricultural Planning, Ministry of Agriculture and Irrigation and before that held various posts in the same Ministry since 1974. He retired from the Civil Service in 2009.U Tin Htut Oo served as the Chairman of the National Economic and Social Advisory Council (NESAC), and Economic Advisor to the President, the Republic of the Union of Myanmar (2012-2016).

In his capacity with the UN and international organizations, he served as Senior Advisor to the Executive Secretary, UNESCAP from 2009-2011. U Tin Htut Oo has been awarded 5th Dioscoro L. Umali Achievement Award in Agricultural Development in 2015 which recognizes exemplary individuals who have advanced agricultural development in Southeast Asia.

U Tin Maung Hlaing  -  Non-Executive Director

Present Directorships in listed Companies  -
Date of appointment  -  2.8.2013
Last re-elected  -  9.9.2017
Interest in the Company 
- Indirectly: 1,948,640

U Tin Maung Hlaing is a Director of the Company. He is Executive Director of MAPCO, which is one of the founding shareholders of our Company. MAPCO is a Public Company formed to mobilize public savings and to foster broader investment in agriculture and agro-based industries of Myanmar. He served as an Executive Director in the Myanmar Automobile Development Public Company Limited that manufactures and distributes of motor vehicles. He has also been working as a Managing Director in Evergreen Autos Co., Ltd since the founding of the company. He is also involved with Myanmar National Telecom Holdings Public Ltd., a company that focuses on development of telecommunication sectors in Myanmar. U Tin Maung Hlaing is also actively involved in Myanmar Japan Association as Central Executive Committee member. He graduated with a Bachelor of Science in Physics from the Yangon University in 1988. He fluent in the Japanese language. He attended the Audit Committee Master Programme in April 2018 jointly sponsored by International Finance Corporation and Myanmar Institute of Directors.

U Nyan Thit Hlaing  -  Independent Director

Present Directorships in listed Companies -
Date of appointment  -  2.8.2013
Last re-elected  -  29.9.2018
Interest in the Company
- Indirectly: 1,684,110

Dr. Nyan Thit Hlaing is a Director of MTSH & MJTD and the Project Director for Thilawa Property Development Limited (TPD) for the development of the Residential and Commercial Component of the Zone A Project. He is currently Managing Director of the National Development Company Group Limited (NDCGL), which is one of the Principal Shareholders of our Company. NDCG is a Public Company engaged primarily in the business of construction, trading and general services. He is a Director of Proven Technology Industrial Co., Ltd. and the Managing Director of Zodiac E Corridor Company Limited. He is also a Director of Small & Medium Industrial Development Bank (SMIDB) which is established to provide financial assistance to small and medium industries (SMI) in the country. He is joint secretary of Myanmar Construction Entrepreneur Association and the treasurer of the Peti Foundation. Dr. Nyan Thit Hlaing graduated with a Bachelor of Medicine from the University of Medicine (1) Yangon in 1995.

U Aung Nyunt  -  Independent Director

Present Directorships in listed Companies -
Date of appointment  -  23.10.2016
Last re-elected  -  9.9.2017
Interest in the Company  -  None

U Aung Nyunt is an Independent Director of the Company. He was appointed in October 2016. From 1966 to 2007, nearly (41) years of services at Myanmar Timber Enterprise - Finance/Account  Department, Planning Department and retired as a General Manager (Planning). As an attached duty in 1991, he served as a Director (Finance) for two years at National Industrial Holding Company Limited (NIHL) (Public Company). In 1995 to 1996, he was a part time Director of Myanmar Forest Products Joint Venture Company Limited (Forest J.V), Myanmar Korea Timber International Company Ltd (MKTI), Myanmar Seal Company Limited (M.S.L) and International Business Centre (I.B.C) Co Ltd.  Starting from 2008 to 2013, he was an Independent Auditor for the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Myanmar Engineering Society (MES), NGO-Japan Seeds Asia Project, Trustee Board of Pyi Shwe San Taw Pagoda and International Business Centre Company Limited (I.B.C) under the name of Aung Nyunt and Associates (Auditors). During his service at the Ministry, he has joined and attended various Financial Management Seminars in 9 different countries. He attended the Audit Committee Master Programme in April 2018 jointly sponsored by International Finance Corporation and Myanmar Institute of Directors. He was born in 1944 and studied at Myoma National High School. He graduated with B.Com (Accounting) in 1964 and Registered Accountant (Full-fledge) (now CPA) in 1965 respectively.

U Aung Soe Tha  -  Executive Managing Director

Present Directorships in listed Companies  -
Date of appointment  -  8.7.2013
Last re-elected  -  24.10.2016
Interest in the Company
- Indirectly: 1,829,000

U Aung Soe Tha is one of the member of the Board of Directors and Managing Director of the Company. He also serves as Chairman of the Board of Directors of Myanmar Japan Thilawa Development Limited (MJTD). He is one of the Board of Director of MTI Corporation, which is one of the Principal Shareholders of MTSH. MTI Corporation is a Public Company established to invest and to become a leading player in the info-communications and telecommunications and telecommunications-related fields in Myanmar. He also performs as a Board of Director of Myanmar Information Technology Pte Ltd. since 2002. U Aung Soe Tha is the Chairman of Myanmar ComBiz Group, which is engaged in the business of Construction, Real Estates & Property Development and Export, Import and Distribution of Agriculture Products, FMCG Products, Electronic Products, Petroleum Products, Constructions Materials, and various commodities, and the services in the information communications and technology sector.

He was conferred the ASEAN Business Outstanding Entrepreneur Award in 2011. He entered his steps to business life with his own company, “Myanmar ComBiz Group” in 2005, and became to get the Runner-Up of ASEAN Business Award 2016 CLMV SME Excellence Awards: Employment Category in 2016 by creating the better environment and opportunities for employees. As reflecting the best effort, Myanmar ComBiz Trading Co., Ltd. was proudly achieved Most Promising ASEAN Enterprise Award in ASEAN Business Awards 2017.

Being Young and Active Entrepreneur, he is serving many areas of  associations with all of his professionalism. He is a Joint Treasurer of the UMFCCI, Vice President of the Myanmar Computer Industries Association. He has achieved Bachelor of Economic from Yangon Institute of Economic in 2005. He has joined in Doctorate program of Organizational Development in Assumption University after graduating Master of Business Administration from Yangon Institute of Economic in 2009.

U Myint Zaw - Executive Director

Present Directorships in listed Companies  -
Date of appointment  -  29.9.2018
Last re-elected  -  -
Interest in the Company
- Directly: 11,210

U Myint Zaw is the Sales and Marketing Director of the Myanmar Thilawa SEZ Holdings Public Ltd (MTSH) and also Admin and HR Officer & General Manager of Myanmar Japan Thilawa Development Limited (MJTD). He joined the company since founded in 2013. Mr. Myint Zaw has over 20 years of experience in the sales and marketing & trading of commodity like agriculture products and palm oil, manufacturing of automotive spare parts, hospitality and services, construction and property development industry.  He is an trading and investment veteran with background in the development of rental factory, condominium project, hotel and auto parts manufacturing. Myint Zaw’s primary responsibility at the moment is the new business development and sales and marketing at MTSH. He is also responsible to set up the new standard operation procedure (SOP), new company rules and procurement policy together with Admin and HR department matter and general affairs at MJTD. He is the coordinator between Japanese and Myanmar Officers, Shareholders, Directors and also between MJTD and TSMC ( Thilawa SEZ Management Committee). Myint Zaw qualifies with a Bachelor of Science (Chemistry) degree from Yangon University, Master of Business Administration (MBA) from University of Thai Chamber of Commerce and Diploma of Business Law (DBL) from Yangon University.

Our shareholders are electing MTSH’s Board of Directors (BOD) during the Annual General Meeting. The main mission of MTSH’s BOD: to safeguard the sustainability of our Company and to develop its assets.

Our BOD has 12 members and has set up three committees. Last year our BOD met 10 times. The attendance of each Director is disclosed below:

Name

Role

Type

% of meeting attendance

U Win Aung

Chairman

Non-Executive

100%

U Theim Wai

Vice Chairman

Non-Executive

80%

U Khin Maung Aye

Vice Chairman

Non-Executive

90%

Prof. Dr. Aung Tun Thet

Director

Independent

70%

U Thein Han

Director

Non-Executive

100%

U Tun Lwin

Director

Non-Executive

100%

U Tin Htut Oo

Director

Independent

100%

U Nyi Khin (member until the 29th September 2018)

Director

Non-Executive

90%

U Tin Maung Hlaing

Director

Non-Executive

100%

U Nyan Thit Hlaing

Director

Non-Executive

100%

U Aung Nyunt

Director

Independent

100%

U Myint Zaw (member since the 29th September 2018)

Director

Executive

-

U Aung Soe Tha

Managing Director

Executive

80%