RICHWELL MACHINERY JV

In September 2008, the Government of the HKSAR and the Shenzhen Municipal People's Government jointly announced the implementation of a new Boundary Control Point (BCP) at Liantang/Heung Yuen Wai in the north-eastern New Territories to serve the cross-boundary goods vehicles and passengers travelling between Hong Kong (HK) and Shenzhen (SZ) East. The new BCP will connect with the Shenzhen Eastern Corridor and provide an efficient access across the border to the eastern part of Guangdong, including Shantou, Shanwei, Chaozhou, etc. and the adjacent provinces such as Fujian and Jiangxi... reduce travelling time between HK and SZ East, facilitating future development in these areas and extending the economic hinterland of HK and SZ;... redistribute cross-boundary traffic in New Territories East and alleviate the frequent congestion at Man Kam To BCP, resulting in enhancement of the overall operational efficiency, handling capacity and quality of service for BCPs in New Territories East;..