UG Healthcare Corporation Limited 优格医疗集团 (“UG Healthcare” or the “Company” and together with its subsidiaries, the “Group”) is an own brand manufacturer that markets and sells proprietary UNIGLOVES® branded products through its own established global downstream distribution network.
The Group owns and operates an extensive downstream network of distribution companies with a local presence in Europe, the United Kingdom, the USA, China, Africa, and South America, where it markets and sells its proprietary UNIGLOVES® brand of disposable examination gloves. The Group also distributes ancillary products including reusable gloves, surgical, vinyl, and cleanroom disposable / single-use gloves, and non-glove products such as face masks and medical disposables.
These downstream distribution companies are supported and complemented by the Group’s own upstream manufacturing division, manufacturing natural latex and nitrile disposable examination gloves under its UNIGLOVES® brand and thirdparty labels in its manufacturing facilities located in Seremban, Negeri Sembilan, Malaysia. The Group’s upstream manufacturing is certified by the British Standards Institution (“BSI”) for ISO 9001:2015, ISO 13485:2016, and EN ISO 13485:2016 for the scope of manufacture and supply of natural latex and nitrile latex examination gloves.
The Group’s UNIGLOVES® brand of disposable examination gloves offer an extensive product range that includes both specialised products, with a variety of coatings, scents, colours, thickness, antimicrobial properties, and eco-friendly materials for more specialised users, as well as generic products. The Group has also expanded its product range to reusable gloves for users in the heavy industries. These disposable and reusable hand protection products are used across a diverse range of industries requiring safety and cross-infection protection and hygiene standards, whilst catering to different applications and preferences of users, keeping them safe. The Group’s proprietary brand of products conform to various international standards and requirements.
UG Healthcare is listed on the Singapore Exchange Securities Trading Limited on 8 December 2014 under stock code 8K7.
Our Business Strategy
The Group’s strategy has always been to cultivate demand for our proprietary UNIGLOVES® range of disposable examination gloves through our downstream distribution companies. These strategically established distribution companies in both developed and developing countries have our local sales and marketing teams and distribution infrastructures (including local warehouses and logistics) as well as our direct customer base. The market demand for our UNIGLOVES® range of products, in turn, drives the production volume in our upstream manufacturing facilities in Malaysia. This approach allows the Group to manage the value chain seamlessly and efficiently, and build the OBM foundation.
The Group will continue to drive marketing campaigns to further entrench our market presence for our proprietary UNIGLOVES® branded products through our downstream distribution network. These campaigns focus on driving the marketing and sales of our established distribution companies in our key markets of Europe, the United Kingdom, the USA, China, Africa, and South America, and will be supported by these distribution companies which operate their own warehousing and logistics infrastructure.
We believe that our entrenched distribution infrastructure and network in both the developed and developing markets through hub and spoke strategy, will continue to drive growth for the Group as we broaden our product portfolio.
The Board of Directors and the management team are committed to conduct our business activities in an economically, socially and environmentally responsible manner governed by high standards of internal controls and risk management practices to promote greater transparency and safeguard the interests of our stakeholders.
Mr. Yip Wah Pung is the Non-Executive Chairman and Independent Director of the Company, Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees. He was appointed to the Board on 20 November 2014 and was last re-elected on 24 October 2019.
Mr. Yip has over 40 years of experience in the audit and tax industry. He started his career as a tax examiner at the Income Tax Department of Malaysia in February 1977, where he worked for 12 years. From February 1989 to August 1989, he joined W.M Lam & Co, an audit firm, as a senior associate. Subsequently, he joined K.W. Chong & Co as an audit manager from September 1989 to November 1994 before he started his own audit firm, W.P. Yip & Co in 1994, where he is currently a partner. The audit firm is principally engaged in the provision of tax and audit services.
Mr. Yip graduated from Tunku Abdul Rahman College with a diploma in Commerce in June 1977. He has been a member of (i) the Malaysian Institute of Accountants since 1980, (ii) the Association of Chartered Certified Accountants since 1980, (iii) the Malaysian Institute of Chartered Secretaries and Administrators since 1980, and (iv) the Chartered Tax Institute of Malaysia since 1995.
Mr. Lee Keck Keong is the Executive Director and Chief Executive Officer of the Company. He is a member of the Nominating Committee. He was appointed to the Board on 20 November 2014 and was last re-elected on 24 October 2019.
Mr. Lee has been instrumental in successfully leading the Group to become an established player in the gloves manufacturing industry. He also serves as a director to the boards of the Company’s subsidiaries and associated companies.
Mr. Lee graduated from the University of Surrey in 1977 with a degree in chemical engineering. Upon graduation, he started his career as a chemical engineer in a state-owned company. Thereafter, he entered into various business ventures in diverse industries, including mining, saw milling, property development and timber development.
Mr. Lee Jun Yih is the Executive Director and Finance Director of the Company. He was appointed to the Board on 10 November 2014 and was last re-elected on 30 October 2020.
Mr. Lee is primarily responsible for oversight and management of the Group’s business and corporate development and works together with the Chief Executive Officer to formulate the overall business and corporate policies and strategies for the Group. He is also responsible for the oversight and control of the Group’s overall accounting and finance function, including monitoring and coordinating the Group’s financial accounts, consolidation and financial reporting.
Mr. Lee joined the Group in July 2011 and currently serves as a director to the boards of the Company’s subsidiaries and associated companies.
Mr. Lee graduated from Pembroke College, University of Cambridge with a Bachelor of Arts (Law) in June 2004. He began his career as a solicitor with Freshfields Bruckhaus Deringer, an international law firm, in its Hong Kong, London and Beijing offices in 2005 before joining JP Morgan, London, and UBS AG, Hong Kong as an analyst in the Investment Banking Division in August 2007 and April 2008, respectively. Thereafter, he joined AEGON Asset Management as an associate in January 2010.
He was admitted as a Solicitor of the High Court of the Hong Kong Special Administrative Region in September 2007.
Mr. Lee Jun Linn is the Executive Director and Chief Operating Officer of the Company. He was appointed to the Board on 20 November 2014 and was last re-elected on 29 October 2021.
He is responsible for directing and management of the Group’s sales, marketing and distribution platforms, and focuses on formulating the Group’s marketing strategies and broadening its distribution network.
Started his career with the Group as an Assistant General Manager of Unigloves Shanghai in April 2008, Mr. Lee rose through ranks to become General Manager of Unigloves Shanghai in 2012. He was also appointed as a director of Unigloves Shanghai in July 2011 and a director of Unigloves (UK) Limited in April 2015.
Mr. Lee graduated from University College London with a Bachelor of Science (Economics) degree in August 2006 and subsequently obtained a Master of Science (International Management (China)) degree from the School of Oriental & African Studies in London in December 2007.
Mr. Wong See Keong is the Executive Director of the Company. He was appointed to the Board on 20 November 2014 and was last reelected on 29 October 2021.
He is responsible for oversight and management of the Group’s manufacturing, operations and administrative departments.
Mr. Wong has been with the Group for more than 30 years and played a crucial role in its expansion of manufacturing capacity and development of new products over the years. He started his career with the Group in November 1988 as a technologist and rose through ranks to become the Manufacturing Manager in July 1994 and General Manager of Operations in September 2007.
Mr. Wong graduated from Universiti Pertanian Malaysia with a Bachelor of Science (Chemistry and Education) in August 1986.
Mr. Ng Lip Chi, Lawrence is the Independent Director of the Company, Chairman of the Remuneration Committee and member of the Audit and Nominating Committees. He was appointed to the Board on 20 November 2014 and was last re-elected on 30 October 2020.
Mr. Ng is currently an executive director of NLC Advisory Pte. Ltd., a firm that provides corporate advisory services. He has extensive experience in international mergers and acquisitions and corporate finance, having worked in a professional services firm and investment banks, such as Arthur Andersen, Credit Agricole Indosuez Merchant Bank Asia Ltd, and DBS Bank Ltd., as well as in-house corporate finance for an Asian natural resources conglomerate.
Mr. Ng has advised companies on a wide range of transactions including acquisitions, divestitures, joint ventures, spin-offs, buyouts, reverse takeovers and capital raisings. His previous clients included multinational companies, local and overseas listed companies, private enterprises and private equity firms.
Mr. Ng graduated from the National University of Singapore with a Bachelor of Business Administration and is also a Chartered Financial Analyst.
Mr. Ng is currently an independent director of Sanli Environmental Limited listed on the SGX-ST.
Mr. Vincent Leow is the Independent Director of the Company, Chairman of the Nominating Committee and member of the Audit and Remuneration Committees. He was appointed to the Board on 29 February 2020 and was re-elected on 30 October 2020.
Mr. Leow is currently a partner at Allen & Gledhill LLP, where he handles dispute resolution, investigations, and financial regulatory and compliance work.
Mr. Leow graduated from the National University of Singapore with a Bachelor of Laws (Honours) and was admitted to act as an advocate and solicitor of the Singapore Supreme Court. He also obtained a Master of Laws from Harvard Law School.
Mr. Leow is currently a director of Heartware Network, and he sits on the Board of Governors of Hometeam NS.