Establishment of San Tin Technopole Company Limited and appointment of Board of Directors announced
The Government announced today (June 25) the establishment of the San Tin Technopole Company Limited (STTCL) to press ahead with the development of the 210-hectare innovation and technology (I&T) land in the San Tin Technopole. At the same time, with the approval of the Chief Executive, following the earlier appointment of Dr Sunny Chai Ngai-chiu as the Chairman of the Board of Directors (BoD) of the STTCL, the Government also announced today the appointment of six non-official directors for a three-year term with effect from July 1, 2026.
The Secretary for Innovation, Technology and Industry, Professor Sun Dong, said that the new I&T land around San Tin and the Hong Kong Park in the Loop will together form a crucial node for the integrated development of upstream, midstream and downstream industries, offering full-chain support to I&T industries by providing space for research and development, prototyping, test and pilot production, and manufacturing, as well as office space. Under the National 15th Five-Year Plan for Hong Kong to develop as an international I&T centre and Hong Kong's new industrial layout of a South-North dual engine (finance-I&T) in the future, the San Tin Technopole, as an indispensable key part of Hong Kong's I&T development, 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.
Professor Sun continued, "Dr Chai is a seasoned industrialist with rich experience in public service. The other appointed non-official directors possess extensive experience and professional knowledge in various fields, which will guide the STTCL to fulfil its public mission effectively and propel the I&T development in Hong Kong. The Government will participate directly in the major decisions of the STTCL through the official directors to ensure the development and operation of the San Tin Technopole completely align with the principles of the country and the Hong Kong Special Administrative Region. I am confident that, with Dr Chai's leadership as well as the advice and insights of the other directors, the San Tin Technopole will become the core of the I&T development clusters and create synergy with Shenzhen with a view to fostering new industrialisation and an industry pattern of I&T, thereby enhancing Hong Kong's status in technological innovation around the globe."
With the approval of the Financial Secretary, the Innovation, Technology and Industry Bureau (ITIB) has completed the relevant company registration procedures for the official establishment of the STTCL wholly owned by the Financial Secretary Incorporated. In terms of industry development, the San Tin Technopole can provide land of larger scale to support the development of strategic I&T industries such as life and health technology, AI and robotics, microelectronics and smart devices, new materials, new energy, and green technology, as set out in the Hong Kong I&T Development Blueprint. It will also focus on the building of Hong Kong's I&T industrial system with advanced manufacturing as its core. The STTCL will develop the relevant I&T land in phases under different models according to the Conceptual Outline of the Development Plan for the I&T Industry in the San Tin Technopole. The Hong Kong Science and Technology Parks Corporation will continue to work closely with the Government and co-ordinate with the STTCL to proceed with the overall development of the San Tin Technopole and expand the I&T ecosystem, with a view to further reinforcing the city's role as a bridge between the Chinese Mainland and the world by leveraging Hong Kong's international strengths.
The ITIB is pursuing a series of preparatory tasks targeted to be completed within this year. They include the open recruitment of the Chief Executive Officer and other key personnel, land grant, and seeking the Legislative Council's approval for the funding application for a capital injection of $10 billion to the STTCL as announced in the 2026-27 Budget, with a view to enabling the STTCL to commence operation as soon as possible.
The membership of the BoD of the STTCL, with effect from July 1, 2026, is as follows:
Chairman
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Dr Sunny Chai Ngai-chiu
Official Directors
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Permanent Secretary for Innovation, Technology and Industry (or representative)
Permanent Secretary for Financial Services and the Treasury (Treasury) (or representative)
Commissioner for Innovation and Technology (or representative)
Non-official Directors
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Ms Cordelia Chung
Dr Fang Zhou
Mr Julian Lee Pui-hang
Professor Ling Kar-kan
Professor Stephanie Ma Kwai-yee
Mr Andrew Yao Cho-fai
Source: AI-found images
