The Government announced today that, with the Chief Executive’s approval, it has appointed Sunny Chai as Chairman of the Board of Directors of the San Tin Technopole Company (STTC).

Mr Chai will serve as Chairman for a three-year term starting from July 1. The San Tin Technopole Company will be established before then as a non-statutory, limited company wholly owned by the Financial Secretary Incorporated. It will press ahead with developing 210 hectares of land for innovation and technology within the technopole.

Mr Chai has been serving as Chairman of the Board at Hong Kong Science & Technology Parks Corporation (HKSTPC) since 2018. He will become the STTC’s first Chairman upon the expiry of his chairmanship at HKSTPC on June 30.

Secretary for Innovation, Technology & Industry Prof Sun Dong said Mr Chai is a seasoned industrialist with rich experience in public service.

“Under his sterling leadership, the HKSTPC has conducted planning studies for approximately 20 hectares of land within the San Tin Technopole.

“I am confident that under Dr Chai's leadership, the San Tin Technopole will become a stronghold for the future development of emerging technology industries in Hong Kong and an important base for developing new quality productive forces.”

In terms of corporate structure, the STTC Board, appointed by the Government, will comprise a chairperson, official directors, and non-official directors that come from diverse backgrounds and sectors.

The Government will participate directly in the STTC’s major decisions through the official directors, who will include the Permanent Secretary for Innovation, Technology & Industry, the Permanent Secretary for Financial Services & the Treasury (Treasury), and the Commissioner for Innovation & Technology.

The Innovation, Technology & Industry Bureau said it is striving to complete other preparatory tasks within the current year, with a view to enabling the STTC to start operating fully as soon as possible.