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Cyberport appoints Mr Nicholas Yang as Chief Executive Officer
6 October, 2003

Hong Kong Cyberport Management Company Ltd. (HKCMCL) announced today the appointment of Mr Nicholas Yang as Chief Executive Officer of the Company.

Mr Yang joined HKCMCL on 2 October and takes over from Mrs Betty Fung, Cyberport Coordinator, as the executive head of the company. Mrs Fung, a career civil servant on secondment to the company since October 2002, will return to a position in the HKSAR Government shortly.

"Cyberport is Hong Kong's IT flagship under the Digital 21 Strategy. I am honored to take up the challenge to build Cyberport as an international IT Centre and to develop Hong Kong as the leading digital city in Asia" said Mr Yang.

Born in Taiwan in 1955, Mr Yang was educated in the USA. After receiving his BSc degree in Electrical Engineering & Applied Mathematics from California Institute of Technology, he obtained an MSc in Electrical Engineering and an MBA from Stanford University in California.
Mr Yang has lived and worked in Hong Kong for the past 20 years. Before joining HKCMCL, Mr Yang was Executive Director of Shell Electric Manufacturing (Holdings) Ltd from 1983 to 1999, Vice President of JDS Uniphase Corporation from 1999 to 2002 and a Senior Consultant with Warburg Pincus Asia LLC since 2002. He has extensive experience in strategic planning, sales and marketing and general management in the electronic and telecommunications industries, which is most relevant to the management of Cyberport.

Mr John E Strickland, Chairman of HKCMCL, warmly welcomed Mr Yang to the Company.
"We are very pleased to have Mr Yang join the Company. I am confident that given his background and extensive experience in the technology and business fields, he will ensure that Cyberport attains its mission. The Board of Directors looks forward to working with Mr Yang" Mr Strickland said.

HKCMCL is wholly owned by the HKSAR Government. It is responsible for the development, operation and management of the Cyberport project, which comprises 100,000 sq m of grade A office space, a 27,000 sq m retail and entertainment complex and a 173-room five-star hotel. These are being developed in phases and are scheduled for completion by end 2004.