Appointment of Cyberport Directors
27 - 05 - 2005

The Hong Kong Cyberport Management Company Limited (HKCMCL) today (May 27) announced the re-appointment of six incumbent non-government directors and appointment of three new directors to its Board of Directors.

The nine non-official directors were appointed for a two-year term starting from June 5, 2005. There are also two government officials on the Board, namely the Permanent Secretary for Commerce, Industry and Technology (Communications and Technology), Mr Francis Ho, and the Permanent Secretary for Financial Services and the Treasury (Treasury), Mr Alan Lai, who are acting for and on behalf of the Financial Secretary Incorporated (FSI) and the Hong Kong Cyberport Development Holdings Limited, shareholders of HKCMCL.

On behalf of the HKCMCL, Mr Francis Ho welcomed the new directors and thanked the re-appointed and outgoing directors for their valuable contributions to the Company.

"With the appointment of non-government directors since June 2003, the Board of Directors has been providing independent and expert advice to the HKCMCL on its business and corporate development."

"The new Board comprises a good mix of expertise from the business community and the IT industry. I am confident that with the vision, leadership and enthusiasm of the directors, HKCMCL will continue to work towards the attainment of Cyberport's mission of creating a strategic cluster of quality IT and related companies as well as a critical mass of professionals in Hong Kong," he said.

Mr Ho also expressed gratitude to the four outgoing directors, Professor Chin Tai-hong, Roland, Mr Lawrence Fung Siu-por, Professor Lee Chack-fan, and Mr David Lee Tsung-hei, for their valuable contributions to the Board in the past two years.

The Board will elect its Chairman for the new term at the meeting on June 10, 2005.

The full membership of the Board is as follows:

Re-appointed directors:

Mr John E Strickland (incumbent Chairman)

Miss Florence Chan Yuen-fan, Partner, Ernst & Young;

Mr Paul Chow Man-yiu, Chief Executive, Hong Kong Exchanges and Clearing Limited;

Mr Herbert Hui Ho-ming, Deputy & Vice Chairman, Ocean Grand Holdings Limited;

Mr Daniel SC Lai, Head of Information Technology, MTR Corporation Limited; and

Mr Samuel Tsien, President & CEO, Bank of America (Asia) Ltd.

New directors:

Mr Anthony Au Wai-hung, Director, Futuresuccess Consultants Limited;

Mr Nicholas Brooke, Chairman, Professional Property Services Ltd; and

Mr Jonathan Choi Koon-shum, President, Sun Wah Group and Chairman, Sun Wah Hi-tech Group

Official directors:

Mr Francis Ho, Permanent Secretary for Commerce, Industry and Technology (Communications and Technology); and

Mr Alan Lai, Permanent Secretary for Financial Services and the Treasury (Treasury)

The Board of HKCMCL is responsible for directing the company according to prudent commercial principles within the overall objectives and guidelines set by the Government for Cyberport.

HKCMCL is one of the three private and wholly-owned companies set up by the Government, under the FSI, to oversee the development of the Cyberport. It is responsible for the development, operation and management of the Cyberport project, which comprises around 100,000 square metres of intelligent Grade A office space, a 27,000-square metre shopping arcade and a five-star hotel. These facilities were completed in June 2004.

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