公告

公告

 

Declaration in relation to Rooms 701 to 703 and 705 to 713, 7 / F, Tower 15W, Hong Kong Science Park Phase iii, Pak Shek Kok, New Territories, Hong Kong (the "Premises")

The Hong Kong Science and Technology Parks Corporation (HKSTPC), as the owner of the premises, makes the following declaration:

(1) According to the cooperation between Science park Corporation and Bioall Biotechnology Co., LTD. (formerly known as China Stem Cell Clinical Application Center Co., LTD,"Biobio") dated 24 July 2015 (the "Lease"),The premises have been leased by The Science Park Corporation to Bioao Biotechnology for a period of six years,Expires on June 30, 2021 (the "Maturity Date"),It states that Bio Biotechnology does not have the right to renew,At the expiry of the tenancy agreement, the company shall be obliged to surrender to the Technology Park Corporation the possession of the premises in the case of vacancy in accordance with the relevant provisions of the tenancy Agreement。

(2) Without prejudice to the case brought by SCIENTtech On 20 November 2020 against Biotech in the High Court for the recovery of the possession of the premises (based on the fact that the lease had been forfeited by SCIEnttech for unpaid rent and other expenses) (Case No. 1961, 2020,This is the fourth time similar legal proceedings have been initiated during the tenancy term.),The lease expires on June 30, 2021 in any case。Since October 2020, Science Park has repeatedly made it clear to BBIO that it will not renew or enter into a new lease with the other party, and that BBIO is responsible to return the ownership of the vacant premises to SCIENCE Park upon expiration of the lease in accordance with the relevant terms of the lease。

(3) However, the Science Park Corporation notes with regret that Baao Biotechnology simply failed to return the premises on the due date and continued to remain at the premises in breach of the lease for various reasons。

(4) After the expiration date,The grace period has been granted to Bioao out of good faith, respect and discretion,Allow Biobio to continue to use the premises for a specific reason (to arrange for the removal of its required property from the premises),Biobio shall be solely responsible for such property at all times,Although It is bioao's responsibility to make the ownership arrangements for the vacant premises to be returned to the Science park Corporation before the expiry date,HKSTP was informed that the property included human samples and stem cells kept in the premises in frozen form。In fact, Since the expiration date (including the date of this announcement), BBIO has been allowed to enter the premises for that limited and specific reason。

(5) Nevertheless, STPP emphasizes that it has never entered into any legally binding and enforceable agreement with Bioao regarding any new lease of the premises and categorically denies any suggestion or rumour to the contrary。As of the date of this announcement, science Park Corporation still has the legal right to recover the possession of the premises in the case of vacancy from Bioao Biotechnology。

(6) If any third party retains or retains any property on the Premises, he shall seek independent legal advice to protect his interests。HKSTP shall not and shall not under any circumstances be liable for any loss and damage arising out of any action lawfully carried out by HKSTP, including but not limited to legal action to recover possession of the vacant premises。

(7) Nothing contained in this statement or its contents (or any other part thereof) shall be deemed or construed as a waiver of any rights of SCIENCE Park Corporation in relation to BIOtech or any third party。

(8) Science Park Corporation will retain all rights and interests in relation to Bioao Biotechnology and related premises, as well as any third parties, where necessary。

(9) No action taken by a third party shall in any way prejudice or adversely affect the rights and interests of the HKSTP corporation in respect of the Premises。

 

September 29, 2021

Hong Kong Science and Technology Parks Corporation

 

The Chinese version is for reference only. The English version shall prevail。)

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