The Development Bureau today announced that the Government, following approval by the Chief Executive, has appointed Jeffrey Lam to be Chairperson of the Board of Directors at the Hung Shui Kiu Industry Park Company.

The Government also appointed five official and five non-official members of the board.

The appointees will serve a three-year term starting from June 1.

The five official directors are the Secretary for Development, the Secretary for Financial Services & the Treasury, the Secretary for Commerce & Economic Development, the Secretary for Innovation, Technology & Industry, and the Secretary for Transport & Logistics.

The five non-official directors are Wingco Lo, Sunny Tan, Wai Chi-sing, Albert Wong and Kenneth Wong.

Secretary for Development Bernadette Linn remarked that Mr Lam is a veteran industrialist with extensive experience in public service and administrative management, and brings an extensive network in the industrial and commercial sectors.

“He will certainly be able to effectively lead the company in attracting high-value-added manufacturers to establish a foothold in Hung Shui Kiu, and bringing in technology, employment opportunities and economic output.”

Ms Linn highlighted that the non-official directors named have backgrounds and experience in new industries, innovation and technology, engineering and finance, and can help the company to draw on expertise from outside the Government. She added that the Government will participate directly in major decision-making by the company through the official directors.

“I firmly believe that, with Mr Lam’s leadership as well as the advice and insights of the other directors, the Hung Shui Kiu Industry Park Company will be able to formulate a forward-looking development positioning and strategy, whilst better integrating market forces with the adoption of public-private partnerships, so as to lay a solid foundation for the long-term development of the industry park.”

The Development Bureau will seek the Legislative Council's approval to inject $10 billion in equity into the company, and will also complete recruitment for a Chief Executive Officer as soon as possible, such that the company can start operating mid-year.