Remarkable political and business leaders celebrate the Group's 55th anniversary "2022 Chun Wo Student Innovation Awards" winners unveiled, nurturing the next-gen engineering talents HONG KONG SAR - Media OutReach Newswire - 6 December 2023 - Asia Allied Infrastructure Holdings Limited ("AAI" or "the Group", stock code: 00711) and its core member Chun Wo Development Holdings Limited ("Chun Wo") hosted a 55th Anniversary Celebration Cocktail at The St. Regis Hong Kong on 29 November 2023, to commemorate their remarkable achievements over the years. The grand celebration was graced by leaders from the industry and the business community in Mainland China, Hong Kong, and Macau, over 600 guests witnessed this historic moment. The Group embraces innovation to cultivate talents for the future of the engineering industry and continues to organize the Chun Wo Innovation Student Awards. The ceremony was officiated by Ir Lam Sai-hung, GBS, JP, Secretary for Transport and Logistics. Heads of government departments, officials, and members of legislative council, joined the top management of the Group, including Mr. Dominic Pang, Chairman of AAI, and Ir Dr. Derrick Pang, JP, CEO of AAI, to commemorate the milestone with a great group toast. Ir Lam Sai-hung, GBS, JP, Secretary for Transport and Logistics, HKSAR Government, said, "Asia Allied Infrastructure has always been dedicated to supporting social welfare. In this 55th anniversary celebration, apart from commemorating the company's milestone, the 'Chun Wo Innovation Students Award' serves as the highlight of the event. The theme of this year is 'Engineers for a Sustainable Tomorrow,' encouraging students to engage in creative construction for a better future and to address current societal issues. This aligns with our bureau's direction towards sustainable development in the maritime, land, and air sectors. Currently, out of the 10 newly registered vehicles, 6 to 7 are electric cars. Our goal is to cease registering fuel-propelled private cars in 2035 or earlier. We are also researching sustainable aviation fuels and collaborating with the Civil Aviation Department to develop Hong Kong as a green maritime center. In the maritime sector, we will explore the use of liquefied natural gas, among other options. Asia Allied Infrastructure takes the concept of 'taking from society and giving back to society' to a higher level, aiming to contribute to society and work together towards a better and sustainable future." Mr. Dominic Pang, said, "We are delighted as the Group enters its 55th anniversary, making a significant milestone in our development. It enables us to continue creating value for our country, community and company while upholding our core principles. We are grateful to the HKSAR Government for maintaining a favorable business environment and actively promoting major infrastructure projects. Additionally, the thriving development of the Greater Bay Area will bring us unlimited opportunities for business growth. On this anniversary celebration, I would like to express my gratitude to the continuous encouragement, support and trust of the prominent members of the community, business partners, shareholders and all the friends present here. Also, I appreciate our dedicated staff for their steadfast commitment in striving for excellence. We very much look forward to sharing our journey towards a brighter future." Ir Dr. Derrick Pang, JP, said, "On the Group's 55th anniversary, we are honored to have collaborated hand in hand with the HKSAR Government and our partners throughout the years, participating in numerous large-scale infrastructure projects in Hong Kong and witnessing its transformation from an industrial city in the 1970s to the thriving international metropolis it is today. Looking ahead, the Group will embrace innovation and accelerate digital transformation, while attracting and nurturing engineering talent is an indispensable part of it. Chun Wo Student Innovation Award inspires young people to innovate, cultivating the next generation of engineering talents and driving digitalization through smart technology for the industry. We are delighted to witness the groundbreaking solutions that have emerged from the competition, not only bringing new business opportunities and enhancing the Group's competitiveness but also injecting new impetus and creativity into the entire engineering industry. We...