Following active discussions with the Environment and Ecology Bureau, Hong Kong Science and Technology Parks Corporation (HKSTP) issues the following statement in relation to its lease with Secure Information Disposable Services Limited (SSID).
After further reviewing the situation along with a comprehensive assessment, HKSTP will offer a maximum of 6 months’ grace period to SSID, ending 30 June 2023. This grace period is on top of its current year-long extension ending 31 December 2022.
HKSTP reiterated that a three-year lease was signed with SSID in 2018, with a term effective from 1 January 2019 to 30 December 2021. Apart from providing SSID with an existing factory to operate its business, HKSTP also offered them rental relief exceeding HKD one (1) million during the pandemic. In mid-2020, HKSTP took the initiative to approach SSID to remind them that their three-year lease will expire at the end of 2021. In 2021, knowing that they had been unable to find a suitable site to relocate its operations, HKSTP agreed at SSID’s request to extend their lease for another one year to the end of 2022 to give them more time to look for a new location.
This final offer of a 6 months’ grace period aims to strike a balance among various factors including the long-term development plan of the InnoPark and the interests of all stakeholders in the I&T ecosystem. HKSTP will continue to liaise with SSID in its transition.