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Mask pneumonia│CareHK Shangfang withdraws from the funding plan, three companies take over 1.7 million fewer monthly

2020-05-04T20:23:40.131Z


The Commerce and Economic Development Bureau announced on the 24th of last month that all 20 production lines of the local mask production subsidy program have been approved, but the Bureau announced on Monday afternoon that of them, Careai Hong Kong Co., Ltd., which received two production lines, and one production line, were approved. Shangfang Products Co., Ltd. decided to withdraw from the plan, and the Bureau has re-approved the production lines of three other companies, involving 6 million yuan. Hui Ai Hong Kong is led by Lin Jianfeng, a member of the Legislative Council of the Pakatan Harapan. It is one of the early announcements that it will set up its own mask production line in Hong Kong. It is expected to produce 500,000 masks for adults and children in early April. After the adjustment, the total monthly output of the 20 production lines was 1.7 million fewer than before, to 41 million, a decrease of 4%.


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Written by: Ni Qingjiang

2020-05-05 04:11

Date of last update: 2020-05-05 04:11

The Commerce and Economic Development Bureau announced on the 24th of last month that all 20 production lines of the local mask production subsidy program have been approved, but the Bureau announced on Monday afternoon that of them, Careai Hong Kong Co., Ltd., which received two production lines, and one production line, were approved. Shangfang Products Co., Ltd. decided to withdraw from the plan, and the Bureau has re-approved the production lines of three other companies, involving 6 million yuan.

Hui Ai Hong Kong is led by Lin Jianfeng, a member of the Legislative Council of the Pakatan Harapan. It is one of the early announcements that it will set up its own mask production line in Hong Kong. It is expected to produce 500,000 adult and child masks per day in early April.

After the adjustment, the total monthly output of the 20 production lines was 1.7 million fewer than before, to 41 million, a decrease of 4%.

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The Economic and Trade Bureau said that it received Huiai Hong Kong Co., Ltd. and Shangfang Products Co., Ltd. to withdraw from participating in the local mask production subsidy program, emphasizing that the government has not signed a subsidy agreement with the relevant company or issued any subsidy money to it.

Huiai Hong Kong was originally approved to fund two production lines. The expected target dates of the two production lines in its application are April 20. Each production line provides an average of 2 million masks to the government each month, and another one can produce an average of 1 million masks per month for the local market. The maximum funding is 3 million yuan and 2 million yuan respectively.

Shangfang products are the first two production lines to be approved. The company set up a mask factory in Hong Kong in the early years, and later moved to the mainland for production. Since early February, the machine has been readjusted and put into production locally. After being approved by the government, the company will add another production line. It is estimated that from May 5 onwards, an average of 800,000 masks will be supplied to the government every month, with a maximum grant of 2 million yuan.

The relevant funding has been granted to the production lines of the three companies:

(1) SDL Skin (Asia) Limited was approved to fund the second production line. In its application, it is expected that the target date for the production line to begin supplying certified masks to the government (estimated target date) will be April 20, and an average of 1.6 million masks will be supplied to the government each month. The maximum funding available for this production line is 1 million yuan.

(2) Safeguard HK Limited of Hong Kong Care Products Co., Ltd. was approved to fund a production line. The expected target date in its application is April 20, and an average of 500,000 masks are supplied to the government each month. The maximum funding available for this production line is 2 million yuan.

(3) SwissTech Limited was approved to fund a production line. The expected target date in its application is April 21, and an average of 2 million masks will be supplied to the government each month, and another 1 million masks will be produced on average for the local market each month. The maximum funding available for this production line is 3 million yuan.

↓↓ Huiai Hong Kong CareHK mask production plant ↓↓

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1 million fewer monthly supply to the local market

The government expects that after all 20 approved production lines are fully operational, a total of 33.85 million masks will be supplied to the government each month, and the remaining 7.15 million masks will be supplied to the local market.

The Bureau of Economics and Trade announced on April 24 that the 20 production lines approved at that time could provide a total of 34.55 million masks to the government each month, and the remaining 8.15 million masks for the local market. In other words, the government reapproved another After the three production lines, the monthly supply of Hong Kong-made masks for the government and the local market will be 700,000 and 1 million, respectively, a total of 1.7 million.

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Source: hk1

All news articles on 2020-05-04

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