For immediate release, 14th March, 2022, Hong Kong

Obituary - Dr. CHIANG Chen

Dr. Chiang Chen

It is with great sorrow and sadness that Chen Hsong Holdings Ltd. (HKEX: 00057) announces the passing away of beloved founder and Honourable Chairman Dr. CHIANG Chen, recipient of the Grand Bauhinia Medal of Hong Kong, on 13th March, 2022 in the company of family members, aged 100.

Dr. Chiang was born in Heze, Shandong Province, China to a poor family. Though losing both parents early, Dr. Chiang proved to be an industrious worker and a keen learner, resulting in his life-long relationship with industrial machinery and related technologies.

Dr. Chiang founded his "Chen Hsong Machinery Shop," predecessor of the Chen Hsong Group, in 1958 and later, in 1966, developed the first 10oz in-line plastic injection moulding machine in Hong Kong - a remarkable achievement for the industry at the time, which also earned him the fame of "King of Plastic Injection Moulding Machines."

The Chen Hsong Group developed rapidly under Dr. Chiang's leadership and was listed in the Hong Kong Stock Exchange in 1991 as one of the leading manufacturers of plastic injection moulding machines worldwide.

In addition to being a leading industrialist in Hong Kong, Dr. Chiang's heart has always been with his real home - mainland China. He was among the first group of industrialists to invest into mainland China, establishing a joint-venture factory for plastic injection moulding machines in Shunde, Guangdong Province, all the way back in 1986 when the "Opening Up" first gained steam. His confidence and insistence in contributing back to his homeland was unheard of in Chinese industrial circles at the time.

Due to humble beginnings, Dr. Chiang firmly adheres to his motto of "enriching the livelihood of people by industry, strengthening the country through a prosperous society." In 1990, he donated his entire shareholding in the Chen Hsong Group to the Chiang Chen Industrial Charity Foundation (CCICF) - a charity fund with the charter of promoting technical education and training for Chinese industrial talents and industry leaders, as well as to support the development of China's industrial base.

Throughout more than 30 years of its existence, the CCICF regularly held technical training seminars, sponsored scholarships and donated to technical research projects, without stop and always with a low profile. To date, a total exceeding HK$400 million has been given and the CCICF is now one of the largest charity organizations based in Hong Kong dedicated to the education and development of Chinese industrial manufacturing talents.

The CCICF boasts cooperation with numerous world-renowned institutions include Beijing University, Qinghua University, Fudan University, Shanghai Jiaotong University, Zhejiang University, Harbin Institute of Technology, Huazhong University of Science and Technology, Tianjin University, Xi'an Jiaotong University, Beijing University of Aeronautics and Astronautics, South China University of Technology, Northwestern Polytechnical University, Dalian University of Technology, University of Science and Technology of China, University of Shandong, University of California, Berkeley (USA), George Washington University (USA), Massachusetts Institute of Technology (USA), Stanford University (USA) and Columbia University (USA). More than 60,000 technical and management personnel benefited from CCICF's programmes.

Even though manufacturing technology remains Dr. Chiang's life-long love, his love also for society and its people led him to generously give back, and his philanthropic activities were duly recognized by many, including being award the Grand Bauhinia Medal of Hong Kong, an OBE from the Queen of England, and honourable doctorship from the University of Hong Kong, Chinese University of Hong Kong, Hong Kong Polytechnic University and Open University of Hong Kong (now the Hong Kong Metropolitan University).

The passing away of Dr. Chiang has struck a heavy blow upon all our hearts, and he will forever be remembered by family, friends and society as Hong Kong's trail-blazing philanthropic industrialist as well as a true master in industrial machinery.

His spirit and inspirations will be with us all.

The Chen Hsong Group

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Chen Hsong Holdings Limited published this content on 14 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2022 14:13:04 UTC.