XN000022-1990-02-15 — Page 8

THURSDAY, FEBRUARY 15, 1990

STATUTORY CORPORATION TO MANAGE AND CONTROL

PROPOSED TECHNOLOGY CENTRE

THE

EXECUTIVE COUNCIL HAS APPROVED THE SETTING UP OF A STATUTORY CORPORATION TO MANAGE AND CONTROL THE PROPOSED TECHNOLOGY CENTRE.

IT HAS ALSO AGREED TO GRANT A SITE AT THE JUNCTION OF TAT CHER AVENUE AND FA PO STREET IN YAU YAT TSUEN, MEASURING ABOUT 5,600 SQUARE METRES, TO THE CORPORATION FOR THE CONSTRUCTION OF THE CENTRE.

ANNOUNCING THIS TODAY (THURSDAY), THE PRINCIPAL ASSISTANT SECRETARY FOR TRADE AND INDUSTRY, MRS CLARIE LO, SAID THE PURPOSE OF SETTING UP THE TECHNOLOGY CENTRE WAS TO PROVIDE SUITABLE ACCOMMODATIONS FOR INDUSTRIALISTS IN THE RESEARCH ON AND PRODUCTION OF HIGH-TECH PRODUCTS.

INDUSTRIALISTS

"THE CENTRE WILL ALSO PROVIDE

WITH HIGH STANDARD PROFESSIONAL SERVICES THROUGH THE PROPOSED DESIGN AND DEVELOPMENT CENTRE AND THE TECHNOLOGY TRANSFER FACILITIES," SHE SAID.

MRS LO SAID THE CORPORATION, TO BE KNOWN AS **THE HONG KONG INDUSTRIAL TECHNOLOGY CENTRE CORPORATION", WOULD HAVE A BOARD CONSISTING OF A CHAIRMAN AND MEMBERS TO BE APPOINTED BY THE GOVERNOR.

WITH

"THE BOARD SHALL BE THE GOVERNING BODY OF THE CORPORATION AUTHORITY, SUBJECT TO ANY DIRECTIONS THE GOVERNOR MAY GIVE AS WHEN NECESSARY.

"THERE WILL ALSO BE A CHIEF EXECUTIVE RESPONSIBLE TO THE BOARD FOR MANAGING THE CENTRE, SHE SAID.

MRS LO SAID SITE FORMATION WORKS FOR THE TECHNOLOGY CENTRE WOULD START AS SOON AS POSSIBLE PENDING THE ACTUAL GRANTING OF THE SITE.

[ 'IT IS ENVISAGED THAT THE COMPLETED BY 1993," SHE SAID.

TECHNOLOGY CENTRE SHOULD BE

HOWEVER, MRS LO ADDED, DUE TO THE EXISTING DEMAND FOR THE DESIGN AND DEVELOPMENT CENTRE AND THE TECHNOLOGY TRANSFER FACILITIES, THE GOVERNMENT INTENDED TO SET UP THESE FACILITIES TEMPORARILY IN THE PREMISES OF THE HONG KONG PRODUCTIVITY COUNCIL'S NEW BUILDING AT YAU YAT TSUEN WHICH WOULD BE COMPLETED AT THE END OF THIS YEAR.

SHE SAID THE GOVERNMENT ALSO INTENDED TO SET UP A LIMITED COMPANY AS SOON AS POSSIBLE TO MANAGE THESE FACILITIES AND TO PERFORM THE NECESSARY FUNCTIONS AND ACTIVITIES IN ORDER TO ACHIEVE THE GOAL OF HAVING THE TECHNOLOGY CENTRE OPERATIONAL IN 1993.

"THE FIRST TASK OF THE COMPANY WILL BE ΤΟ OVERSEE THE RECRUITMENT OF THE TECHNOLOGY CENTRE'S CHIEF EXECUTIVE AND THEREAFTER TO ADVISE ON OTHER ASPECTS OF PLANNING PENDING THE ESTABLISHMENT OF THE STATUTORY CORPORATION," MRS LO SAID.

/SHE ADDED