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Investor Presentaiton

Frequently Asked Questions The Central Authorities have taken action twice proactively in a year. Firstly, there was the National Security Law and the establishment of the Office for Safeguarding National Security of the Central People's Government in the HKSAR, and now the Central Authorities have substantially changed the electoral system of the HKSAR. Is it a departure from the principles and policies of "One Country, Two Systems", "Hong Kong people administering Hong Kong" and a high degree of autonomy? Absolutely not. These two major initiatives of the Central Authorities aim to put "One Country, Two Systems" back on the right track, and ensure the resolute and firm implementation of the principles of "One Country, Two Systems", "Hong Kong people administering Hong Kong" and a high degree of autonomy in Hong Kong. The two decisions of the NPC have filled the long-standing gaping hole of national security in Hong Kong and plugged the loopholes in the existing electoral system. They safeguard national sovereignty, security and development interests, and provide a solid foundation for Hong Kong's prosperity and stability. For many years, a small number of extremists in Hong Kong have taken advantage of inadequate national education and a weak sense of national identification among members of the public in the HKSAR. They spread anti-China sentiments and set "One Country" against "Two Systems". With the support of external elements, they have gone further in recent years and blatantly advocated "Hong Kong Independence", "self-determination" and "mutual destruction", and incited violence and seize power through election. All these actions have seriously endangered national security and undermined HKSAR's governance. If the institution and system in relation to the implementation of Basic Law are not improved with determination in good time, "One Country, Two Systems," "Hong Kong people administering Hong Kong", and the high degree of autonomy will be at risk. In October 2019, the fourth plenary session of the 19th Central Committee of the Communist Party of China adopted the decision on "upholding the principle of 'One Country, Two Systems', maintaining lasting prosperity and stability of Hong Kong and Macao, and promoting the peaceful reunification of China" as one of the notable institutional strengths of the State and governance systems of our Country. This clearly illustrates the Central Authorities' unwavering determination in upholding the "One Country, Two Systems" principle. 27
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