(June 27, 2022, Hong Kong) The development of innovation and technology is an important cornerstone of Hong Kong's future development and a key factor in establishing a new growth point for Hong Kong's economy. The development of innovation and technology in Hong Kong has been recognized and supported by the country. The "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan" issued in 2019 emphasized that Hong Kong should develop innovation and technology undertakings and cultivate emerging industries. In March 2021, the "14th Five-Year Plan" issued by China's Government clearly supports Hong Kong in building an international innovation and technology center. In September 2021, the "Comprehensive Deepening of the Reform and Opening-up Plan for Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone" proposed to develop Guangdong-Hong Kong-Macao cooperation. A new type of research and development institution, an innovative technology cooperation management system, and promoting the connection of innovation chains between Hong Kong, Macau and the mainland.”

Committee Member of Election Committee of Hong Kong Special Administrative Region, Realord Group (1196.HK), and the Sincere Company (0244.HK) chairman Dr. Bryan Lin said that promoting the construction of the Guangdong-Hong Kong-Macao Greater Bay Area is a strategy which is personally planned, deployed and promoted by General Secretary Xi Jinping Under the guidance of the innovation-driven development strategy, the capital, technology, talents, information and other key elements in the Guangdong-Hong Kong-Macao Greater Bay Area have accelerated the circulation, and a number of major technological innovation projects have been emerging, and technological innovation capabilities have been continuously improved.