ASTRI Annual Report 2024

Executive Summary

10 Key Achievements

The Hong Kong Applied Science and Technology Research Institute (ASTRI) had a highly productive year 2024/25, marked by groundbreaking technological advancements, strengthened industry collaborations, and notable contributions to Hong Kong’s smart city development. Below are the key highlights of ASTRI’s achievements:

Significant Project Growth

The number of new projects initiated increased by 23% year-on-year, extending the reach and impact of innovation and technology to a broader community.

Enhanced Commercialisation

Industry and commercialisation income grew by 13% and 5% year-on-year, respectively, underscoring robust market demand and affirming the readiness of ASTRI’s technologies and solutions.

Integration into Public Services

ASTRI deepened partnerships with government departments and public organisations, applying technologies across diverse areas such as utilities, smart mobility, construction safety, and healthcare. These initiatives improved operational efficiency and enhanced the user experience in public services.

Recognition for Innovation

ASTRI secured 27 US patents in 2024, ranking 42^nd amongst the National Academy of Inventors’ “Top 60 non-profit institutions and government agencies granted US utility patents” — the only Hong Kong R&D institute featured on this prestigious list.

Ecosystem Development

The establishment of our fourth technology alliance, the ConTech & PropTech Alliance (CPTA) in July 2024, strengthened cross-sector collaboration and accelerated technology commercialisation through enhanced stakeholder engagement.

Mainland Expansion

ASTRI’s office at the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone was officially opened in October 2024, marking ASTRI’s further expansion into the Greater Bay Area. In addition, the Technology Transfer and Commercialisation centres in Suzhou and Beijing have strengthened industry collaboration between Hong Kong and Chinese Mainland, facilitating the transformation of laboratory innovations into market-ready solutions.

Global Recognition

ASTRI received 52 local and international awards, affirming our research excellence and practical solutions that address real-world challenges across diverse industries. Our technologies, developed in collaboration with our partners, achieved commendable results in several prestigious competitions.

International Partnerships

ASTRI has signed Memoranda of Understanding (MoUs) with government bodies, public organisations, and private enterprises across Hong Kong, Chinese Mainland, France, Malaysia, Korea, and Spain. These partnerships have enabled the gradual realisation of collaborative projects, demonstrating ASTRI's capability to bring homegrown technologies to the global stage.

Talent Development

In addition to collaborating with The Hong Kong University of Science and Technology and The University of Hong Kong, ASTRI has partnered with City University of Hong Kong and The Hong Kong Polytechnic University to further expand the ASTRI Work-Study Programme (PhD). This initiative empowers full-time staff to stay at the forefront of technological advancements and apply cutting-edge theories in practice.

ESG Commitment

ASTRI has strengthened its commitment to sustainability, social responsibility, and corporate governance through the launch of various ESG initiatives, focusing on energy efficiency, employee wellbeing, and corporate best practices. In addition to these internal efforts, ASTRI has advanced research projects that harness innovation to tackle global challenges, delivering sustainable solutions that benefit society as a whole.

A Year At A Glance

April 2024

ASTRI is at the forefront of the Business of Innovation and Technology Week, a flagship event hosted by the Innovation, Technology and Industry Bureau of the HKSAR Government. ASTRI’s involvement was marked by its prominent presence at both the Digital Economy Summit (DES) and the InnoEX. At InnoEX, ASTRI was showcasing a range of attention-grabbing innovative technologies that promise to translate the smart city vision into reality. Professor Sun Dong (left, front row), Secretary of Innovation, Technology and Industry of the HKSAR Government and Ir Tony Wong (left, back row), Commissioner for Digital Policy of the HKSAR Government showed their support at our booth.

April 2024

ASTRI celebrated the first anniversary of the Smart Mobility Technology (C-V2X) Alliance (SMTA) and unveiled Hong Kong’s first in-depth study on the development of connected and autonomous vehicles.

April 2024

ASTRI signed a Memorandum of Understanding with the Immigration Department of the HKSAR Government to promote the utilisation of innovative technologies aimed at providing top quality and efficient public services. Picture shows Mr Benson Kwok, Director of Immigration of the HKSAR Government delivering a speech at the ceremony.

June 2024

ASTRI further expanded its “Summer Internship Programme” and “FinTech Future Leader Academy”. With a record of 3,000+ applications, 110 students from renowned universities in Hong Kong and abroad have been selected for an eight-week innovation and technology experience.

June 2024

For eight consecutive years, ASTRI has participated in Mobile World Congress Shanghai and presented a range of advanced technologies in 5G and beyond, as well as award-winning smart mobility solutions to industry leaders and stakeholders.

July 2024

ASTRI set up the ConTech & PropTech Alliance (CPTA) in July 2024 to facilitate a profound and positive transformation in the real estate and construction industries, accomplished by incorporating cutting-edge technology, fostering innovation and collaboration among government, industry, academia and research institutions, with a view to propelling sustainable and efficient practices. Picture shows Ir Prof Sunny Lee, Board Chairman of ASTRI, speaking at the launch ceremony.

August 2024

ASTRI and Citybus Limited signed a key Memorandum of Understanding (MoU) to collaborate on research and development projects related to autonomous driving and Cellular Vehicle-to-Everything (C-V2X) technology, aiming at establishing a cost-effective and world-leading smart mobility solution, further enhancing Hong Kong’s long-established and well-regarded public transportation system.

October 2024

ASTRI relocated its operations in Shenzhen to the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone. This move aims to enhance collaborative innovation among industry, academia, and research institutes in the region. Mr Zeng Jian-peng, then Director-General of the Hetao Development Authority in Shenzhen (fourth from left) and Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government (fourth from right) were among the officiating guests of the opening ceremony.

October 2024

ASTRI showcased smart mobility technologies, including cutting-edge Cellular Vehicle-to-Everything (C-V2X) technologies aimed at enhancing autonomous driving safety, at the 44^th HKTDC Hong Kong Electronics Fair.

October 2024

ASTRI showcased a range of its pioneering technologies at InnoCarnival, organised by the Innovation and Technology Commission of the HKSAR Government, enhancing public awareness on innovation and technology.

November 2024

ASTRI signed a Memorandum of Understanding (MoU) with the Federation of Malaysian Manufacturers (FMM) to support the digital transformation of Malaysia’s diversified industries. The MoU aims to leverage ASTRI’s homegrown smart manufacturing technologies to help modernise FMM members’ operations.

December 2024

ASTRI presented its pioneering low-altitude economy technologies at the GBA (Shenzhen) iForum cum Dinner 2025, hosted by the Federation of Hong Kong Industries (FHKI) and co-organised by ASTRI. The Hon John Lee, Chief Executive of the Hong Kong Special Administrative Region, and Mr Meng Fanli, Deputy Secretary of the Communist Party of China (CPC) Guangdong Provincial Committee and the Secretary of the CPC Shenzhen Municipal Committee, accompanied by Ir Prof Sunny Lee, Board Chairman of ASTRI and Board Members, to explore our advancements in drone technology, communications positioning modules, silicon carbide (SiC) power modules, next-generation 5G antennas for drone detection and tracking.

February 2025

ASTRI organised Tech Applied Summit, Hong Kong’s first premier innovation and technology event in 2025. With the theme “Leading Tech Forward”, the summit has brought together over 40 global leaders from government, industry, academia, research, and investment sectors. More than 1,500 attendees, including technologists, startups, business leaders, and innovation and technology enthusiasts, were engaging in discussions on cutting-edge topics such as generative AI, the low-altitude economy, and smart cities. (From left to right) Officiating guests were Mr Ivan Lee, Commissioner for Innovation and Technology, HKSAR Government; Ir Prof Sunny Lee, Board Chairman of ASTRI; Prof Sun Dong, Secretary for Innovation, Technology and Industry, HKSAR Government and Mr Ye Shuiqiu, Deputy Director-General of the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the HKSAR.

Awards
and Accolades

Throughout the year, ASTRI received numerous prestigious honours and awards, showcasing our R&D capabilities and innovations, which are widely recognised by industry at home and abroad.

ASTRI won 23 accolades at the 49^th International Exhibition of Inventions Geneva, including one “Gold Medal with Congratulations of Jury”, six Gold Medals, along with ten Silver Medals and six Bronze Medals.

The “Smart Entity Extraction Platform for Automated Form and Document Processing” has bought ASTRI the “Excellence Award – Tech Company of the Year (Large Corporate) – Innovative Technology Application” at the 2024 BUSINESS GOVirtual Tech Awards.

With our “Smart Entity Extraction Platform for Automated Form and Document Processing”, ASTRI won the “Banking Tech of the Year” at the Asia FinTech Awards 2024.

Our “Coaxial Confocal 3D Sensing for 3D Semiconductor Wafer Inspection” won the “Category Award – Equipment and Machinery Design” at the Hong Kong Awards for Industries.

ASTRI achieved impressive results at the 2024 CAHK STAR Awards, where it was honoured with the “Silver Award – Best AI Application”, “Silver Award – Best 5G Application”, “Silver Award – Best Green ICT” and “Bronze Award – Best Cloud Solution”.

ASTRI was awarded Bronze Award in “Smart Transport” and “Smart Living Award/Smart Healthcare”, and Certificate of Merit in “Smart Living Award/Smart Healthcare” and “FinTech Award Emerging Solutions: Virtual Assets, Payment, Blockchain and AI applications” respectively at the 2024 Hong Kong ICT Awards.

ASTRI secured four accolades at the 4^th Asia Exhibition of Innovations & Inventions Hong Kong, including three Gold and one Bronze medals.

ASTRI’s Federation Learning technology was awarded the “Bronze Award – Innovation Organisations – Large” at the HKMA Global Innovation Award.

By establishing a fair and positive working environment, ASTRI enables our talent to fully unlock their potential and strive for excellence.

JobMarket Employer of Choice Award

This award affirms ASTRI’s achievements in pursuing HR excellence and cultivating collaborative development as a caring employer.

Good Employer Charter 2024

ASTRI has been accredited as the signatories of the “Good Employer Charter” by Labour Department of the HKSAR Government, demonstrating our commitment to be an employee-oriented employer and adopting the good human resource management practices over the years.

ESG Pledge

Since 2023, ASTRI has been accredited under the “ESG Pledge Scheme”, demonstrating our commitment to implementing and promoting sustainable development.

Happy Organisation

ASTRI has been honoured with the “Happy Organisation” citation for 2024, recognising ASTRI’s effort in cultivating a joyful working culture and promoting a pleasant work environment.

HR Distinction Awards 2024

ASTRI has been awarded two bronze medals for “Excellence in Gen Z Attraction Strategy” and “Excellence in Internal Communication Strategy”, in recognition of ASTRI’s effort to develop a comprehensive talent pipeline and provide effective communication avenues to connect employees.

LinkedIn Talent Awards 2023-2024 — Hong Kong

ASTRI was awarded the “Gold Award – Best Talent Acquisition Team” (Public Sector), recognising its excellence in talent acquisition.

Jobsdb by SEEK – The Hong Kong HR Awards

ASTRI has been awarded the “HR Management Award” and “Experiential Hiring Experience Award”. These accolades emphasise ASTRI’s HR teams’ dedication to providing an exceptional hiring experience and commitment to excellence in implementing innovative HR recruitment and management practices.

overview

The Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region (HKSAR) in 2000. Our vision is to enhance Hong Kong’s competitiveness through applied research. Over the years, ASTRI has nurtured a pool of research and innovation and technology (I&T) talents, generating I&T benefits for the community. We have earned numerous international accolades for our pioneering innovations as well as exemplary contributions to both business and society.

ASTRI’s core R&D competence is grouped under five Technology Divisions: Advanced Electronic Components and Systems; Artificial Intelligence and Trust Technologies; Communications Technologies; IoT Sensing and AI Technologies; and Intelligent Perception and Control Technologies. These are applied across six core areas, which are Smart City, Financial Technologies, New Industrialisation and Intelligent Manufacturing, Digital Health, Application-Specific Integrated Circuits and Metaverse.

VISION AND MISSION

OUR CORE VALUES

BUSINESS SCOPE

Board of Directors

Board Chairman
1 Ir Prof Sunny Lee

Official Members
2 Mr Eddie Mak
3 Mr Ivan Lee

Chairman of Functional Committees
4 Prof Chan Chun-kwong
5 Mr Peter Ng
6 Mr Dennis Ho

Members (listed in alphabetical order in surname)
7 Prof Christopher Chao	14 Mr Theodore Ma
8 Mr Stephen Chau	15 Dr Alfred Ng
9 Prof Cheng Shuk-han	16 Mr Jack Ng
10 Mr Jason Chiu	17 Ir Dr Samson Tai
11 Dr Felix Chow	18 Mr Anthony Tong
12 Mr William Ho	19 Prof Martin Wong
13 Ir Arthur Lee	20 Mr Wilfred Wong

ASTRI is governed by a Board of Directors comprising representatives from the industry, commercial and professional sectors, the academia and the HKSAR Government. Directors are appointed by the Government and have collective responsibility for overseeing ASTRI’s operation and strategic directions. Three Functional Committees were formed to assist the Board in managing ASTRI:

The Finance and Administration Committee is tasked with overseeing all aspects of ASTRI’s finance and administration;

The Technology Committee is responsible for guiding research initiatives at ASTRI; and

The Audit Committee ensures both internal and external audit processes are executed properly.

ASTRI is mandated to prepare and submit detailed annual plans, quarterly and yearly operational reports, and annual audited accounts pertaining to its operation and projects. These documents require approval from both the Board of Directors and the Innovation and Technology Commission of the HKSAR Government. During the 2024/25 fiscal year, the Board convened a total of six meetings, with an average attendance rate of 81.6%.
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CHAIRMAN’s MESSAGE

The year 2025 marks a significant milestone for ASTRI as we celebrate 25 years of driving innovation and technology excellence. Over the past quarter-century, the Innovation and Technology (I&T) sector has evolved from an emerging field into a cornerstone of economic growth and societal advancement. Today, I&T leads the way in addressing critical global challenges, including climate change, societal progress, sustainable development and economic growth.

Since its establishment in 2000, ASTRI has played an instrumental role in positioning Hong Kong as a leading I&T hub in the region. Aligned with the strategic priorities of the Central Government and the HKSAR Government, we have leveraged policy support and industry partnerships to advance our mission. More than merely a research institute, ASTRI serves as a super-connector and value-adder for innovation and technology. It plays a key role in “bringing in” and “go global” by attracting I&T talent and investment, while promoting homegrown technologies to the international market. This transforms R&D outcomes into real-world application, delivering tangible economic and societal value.

Ir Prof Sunny Lee
BBS, JP

Board Chairman

Delivering Measurable Impact

ASTRI’s achievements in 2024/25 reflect the strength of our strategic execution. New project initiations grew by 23%, significantly expanding our innovation footprint across industries. Robust growth in industry engagement and commercialisation revenues further underscores the strong demand for our solutions in the market. These metrics highlight our ability to translate research excellence into impactful, market-ready technologies that drive economic value.

Through close collaboration with government departments and public organisations, we have delivered transformative solutions across sectors such as smart mobility, transportation, FinTech, construction, healthcare and more.

Global Recognition and Strategic Expansion

ASTRI’s innovation leadership continues to earn global recognition. In 2024, we were ranked 42^nd globally in intellectual property filings among non-profit R&D institutions by the National Academy of Inventors (NAI) in the US. We remain the only Hong Kong-based entity within this prestigious category. Our achievements also include receiving 52 local and international awards, further affirming the quality and impact of our research.

Strategic expansion has been key to our sustained growth. This year, we launched our fourth technology alliance, focusing on construction and property technology, which has fostered cross-sector collaboration and accelerated commercialisation pathways. The establishment of our Beijing Centre for Technology Transfer and Commercialisation has further strengthened innovation exchange between Beijing and Hong Kong, enabling laboratory breakthroughs to be transformed into market-ready solutions.

Our strategic partnerships spanning Hong Kong, Chinese Mainland, and international markets such as Korea, Malaysia, France and Spain, ASTRI continues to bring homegrown technologies to the global stage, demonstrating our capacity to deliver impactful innovation on an international scale.

Contributing to 15^th Five-Year Plan

Aligned with the 14^th Five-Year Plan and positioned to play a crucial role in the forthcoming 15^th Five-Year Plan, ASTRI is deeply committed to advancing national priorities that will shape China’s innovation-driven future. Central among these is the development of New Quality Productive Forces – emphasising breakthrough innovations, strategic emerging industries, and advanced technology integration to drive high-quality economic development.

By concentrating our applied research on artificial intelligence, advanced communications, integrated circuits, intelligent manufacturing, and health technologies, we accelerate the transformation of scientific discoveries into productive applications, reducing time from laboratory to market and enhancing China’s technological self-reliance in strategic sectors.

Investing in Talent and Sustainability

Our commitment to nurturing the next generation of I&T talent remains unwavering. Through expanded collaborations with leading universities under our Work-Study Programme, we empower our staff to remain at the cutting edge of technological advancement while applying academic theories in practice.

In addition, ASTRI’s comprehensive ESG initiatives reflect our dedication to sustainability and responsible growth. By enhancing energy efficiency, promoting employee wellbeing, and upholding corporate governance excellence, we continue to position ourselves as a forward-thinking and socially responsible institution.

Embracing Transformation

Looking ahead, the proposed merger with Nano and Advanced Materials Institute (NAMI), announced by the HKSAR Government in November 2024, marks a transformative chapter for ASTRI. This integration will create synergies that enhance our research capabilities, expand our technology portfolio, and strengthen our position as the region’s premier applied research institution.

Together, we will be better equipped to capture emerging opportunities in the Greater Bay Area and beyond, accelerating innovation cycles and delivering greater value to our stakeholders.

Vision for the Future

ASTRI’s achievements are a testament to the dedication of our talented team, the steadfast support of the HKSAR Government, and the trust of our industry partners. As we embark on the next phase of our journey, we remain committed to leveraging technology as a catalyst for inclusivity, better living, and sustainable development.

Building upon the solid foundation of the past 25 years, ASTRI is ready to play an even more pivotal role in shaping Hong Kong’s innovation-driven future, contributing to Hong Kong and our country’s development in New Quality Productive Forces.

CEO’s Report

It is a privilege to assume leadership at ASTRI during this remarkable 25^th anniversary year. In the past 25 years, ASTRI has built a distinguished legacy of innovation and technological achievement that has strengthened Hong Kong’s position as a leading innovation and technology hub. Our ability to adapt and evolve in response to emerging challenges has been a hallmark of our success. I am excited to work with our talented team to forge new partnerships, drive technological breakthroughs, and deliver practical solutions that address challenges facing our city, nation, and global community.

Ir Dr Ted Suen
MH

Chief Executive Officer

Driving Innovation for a Smarter Hong Kong

ASTRI is dedicated to strengthening Hong Kong’s competitiveness through cutting-edge technology, ensuring that our research and development efforts deliver tangible benefits to industries, enhance operational efficiency, and contribute meaningfully to society at large. Backed by a robust technical foundation, our research teams excel at integrating diverse technologies with agility, crafting innovative solutions to tackle complex challenges.

Building on our expertise, ASTRI is committed to aligning with the “AI+” strategies outlined by both the national government and the HKSAR Government. Centred on artificial intelligence and bolstered by emerging technologies such as IoT, application-specific integrated circuits, robotics and more, we aim to drive digital transformation for diverse industries and sectors and accelerate Hong Kong’s evolution into a global hub for innovation and technology.

Driving IP Commercialisation

ASTRI’s achievements in 2024/25 reflect our unwavering commitment to transforming research excellence into tangible societal and economic value. Through strategic collaborations with leading universities and research institutes, we have bridged the gap between laboratory innovation and commercial application.

Leveraging our robust technology ecosystems and industry networks, we have delivered practical solutions across diverse sectors, including public transport, public services, banking, and medical diagnostics. These efforts underscore ASTRI’s ability to align innovation and technology with realworld needs, driving economic growth and improving quality of life.

Super-Connector for Innovation and Technology

ASTRI continues to reinforce Hong Kong’s role as a global innovation nexus through a dual strategy of attracting and exporting technological expertise. We bring international innovations into Hong Kong to enhance local capabilities and maintain our city’s competitive edge in emerging technologies. At the same time, we facilitate the global expansion of world-class solutions developed in Hong Kong and Chinese Mainland, showcasing their impact across industries.

Our growing presence in the Greater Bay Area and strengthened partnerships with Chinese Mainland universities, research institutes, and technology enterprises exemplify our commitment to crossborder collaboration. This strategic approach ensures that Hong Kong remains a vital conduit for innovation across the region and beyond.

Developing the Talent Ecosystem

Excellence in innovation is built on a foundation of exceptional talent. ASTRI remains deeply committed to attracting, developing, and retaining world-class professionals to sustain our competitive advantage.

Evidence of our success can be seen in the overwhelming response to our 2024 summer internship programme, which attracted nearly 3,000 applications from top global universities for just 110 intakes. This robust talent pipeline ensures that ASTRI remains a premier destination for emerging I&T talent and a leader in shaping the future of innovation.

Lasting Impacts

Building on these foundational priorities, ASTRI will continue strengthening its role as a catalyst for innovation and collaboration. The establishment of four major technology alliances in recent years exemplifies our ability to drive collective impact through strategic partnerships. By fostering closer collaboration among government, industry, academia, research and investment, we aim to accelerate the development of transformative technologies and maximise their global impact.

Our research on applied technologies will play a vital role in further enhancing Hong Kong’s global competitiveness while improving the quality of life for its citizens. Our vision extends beyond technology for its own sake. We are committed to delivering solutions that address pressing societal challenges, promote sustainability, and secure prosperity for future generations.

Build Smarter Future

As technological advancements continue to accelerate, ASTRI remains committed in its mission of enhancing Hong Kong’s competitiveness through applied research. With abundant opportunities in Chinese Mainland and international markets, we are well-positioned to expand our technological achievements and deliver even greater value to our stakeholders.

We will embark on a new chapter after merging with NAMI in the coming year. I am deeply grateful for the continued support of the HKSAR Government, ASTRI’s Board of Directors, and our industry partners. Together, we will push the boundaries of innovation and ensure that ASTRI continues to play a pivotal role in shaping a brighter, more sustainable future for Hong Kong and beyond.

Management Team

From left:

Mr James Fan, Dr Alan Cheung, Dr Daniel Shi, Dr Ying Huang, Ir Chris Chong, Ir Dr Ted Suen, Dr Cheng Jung Tsai, Ms Cammy Yung, Ms Jennifer Wang, Mr Kenny Chan, Ms Iris Chan, Mr Michael Poon

ASTRI is headed by Chief Executive Officer who is responsible for the institute’s overall management. He is assisted by the Chief Technology Officer, Chief Operating Offer and Chief Financial Officer as well as other senior executives, for overseeing research and development, business development, technology transfer, marketing and corporate communications, human resources, finance and administration.

Chief Executive Officer

Ir Dr Ted Suen*

Chief Technology Officer

Dr Ying Huang

Chief Operating Officer

Ir Chris Chong

Chief Financial Officer

Ms Cammy Yung

Technology Division Heads

Dr Daniel Shi	Vice President, Advanced Electronic Components and Systems
Dr Cheng Jung Tsai	Chief Director, IoT Sensing and AI Technologies
Dr Alan Cheung	Chief Director, Artificial Intelligence and Trust Technologies
Mr Kenny Chan	Chief Director, Intelligent Perception and Control Technologies
Mr James Fan	Acting Head, Communications Technologies

Senior Executives

Mr Michael Poon	Senior Director, Internal Audit
Ms Jennifer Wang	Chief Legal Counsel
Ms Iris Chan	Senior Director, Human Resources

* Assumed duties on 2 July 2025

SMART CITY

ASTRI’s cutting-edge research and state-of-the-art technologies are driving the implementation of Hong Kong’s Smart City Blueprint 2.0 — a Government-led initiative positioning the city as a global leader in smart city innovation. Through significant advancements in Smart Connectivity, Smart Mobility, and Smart Living, ASTRI is playing a pivotal role in realising the vision of this pioneering blueprint.

FINANCIAL TECHNOLOGIES

ASTRI stands at the forefront of this financial transformation, harnessing its expertise in AI, blockchain, cybersecurity, and data analytics to drive innovation and reinforce Hong Kong’s position as a leading international financial hub.

NEW INDUSTRIALISATION AND
INTELLIGENT MANUFACTURING

New industrialisation was a key initiative outlined in 2024 Policy Address, reflecting the HKSAR Government’s commitment to driving advanced manufacturing through technology. ASTRI is at the forefront of developing and deploying cutting-edge technologies to help Hong Kong transform into a regional centre for intelligent manufacturing and industrial innovation.

DIGITAL HEALTH

The global ageing population, rising healthcare costs, and increasing prevalence of chronic diseases are creating challenges for healthcare systems worldwide. In Hong Kong, these pressures are compounded by demographic shifts and evolving patient expectations. To address these issues and support Hong Kong’s ambition to become a global health innovation hub, ASTRI is advancing digital health technologies centred on non-invasive monitoring, early detection, and AI-driven diagnostics.

APPLICATION-SPECIFIC INTEGRATED CIRCUITS

Integrated circuits are the backbone of advanced technologies, powering the development of electronics, telecommunications and smart city solutions. The Hong Kong Branch of National Engineering Research Centre for Application Specific Integrated Circuit System (CNERC) was set up in 2012 within the infrastructure of ASTRI, spearheading research and development in application-specific integrated circuits (ASICs) to support the national high-tech industrial growth.

METAVERSE

The metaverse, where physical and virtual spaces converge through immersive technologies, is revolutionising how industries collaborate, communicate, and innovate. ASTRI is at the forefront of this transformation, developing cutting-edge solutions in augmented reality, virtual reality, blockchain, artificial intelligence (AI), and spatial computing. These technologies empower businesses to create cost-effective, scalable, and efficient solutions that address the challenges of modern living while unlocking new opportunities.

Connecting The I&T Community

Our network of information and technology (I&T) partners continues to expand, now encompassing government bodies, industry leaders, universities, and research institutes across the region. As an integral part of this vibrant ecosystem, ASTRI remains committed to collaborative innovation that improves lives, guided by our vision of ‘Tech for Everyone’.

Our mission is clear: we drive technology transfer, commercialise research outcomes, and strengthen Hong Kong’s position as a leading global I&T hub by fostering collaboration amongst all stakeholders in the I&T ecosystem.

PROMOTING HONG KONG AS AN INTERNATIONAL I&T HUB

One of ASTRI’s core missions is to promote Hong Kong as an international innovation and technology (I&T) centre, and fostering exchange and collaboration between Hong Kong and overseas partners is key to realising this vision. In 2024/25, we actively participated in major global I&T events, expanded our connections with partners worldwide, and showcased Hong Kong’s I&T excellence, strong talent, and ample development opportunities.

Looking ahead, we will continue to strengthen cooperation with the world and deepen our ties with relevant government departments, industries, academia, and research institutions.

NURTURING I&T TALENTS

ASTRI’s success is built upon the exceptional talent and expertise of our team. Our high-calibre staff possess extensive knowledge and skills across diverse professional disciplines. Recognising the critical importance of nurturing future innovation and technology talent and retaining top-tier researchers in today’s intensely competitive global landscape, we have adopted a comprehensive talent recruitment and development strategy to ensure that ASTRI continues to attract outstanding individuals with innovation and technology potential.

Executive Summary

10 Key Achievements

Significant Project Growth

Enhanced Commercialisation

Integration into Public Services

Recognition for Innovation

Ecosystem Development

Mainland Expansion

Global Recognition

International Partnerships

Talent Development

ESG Commitment

FAST FACT

As of 31 March 2025, ASTRI:

In fiscal year 2024/25, ASTRI:

A Year At A Glance

Awardsand Accolades

Who We Are

VISION AND MISSION

OUR CORE VALUES

BUSINESS SCOPE

Board of Directors

Delivering Measurable Impact

Global Recognition and Strategic Expansion

Contributing to 15th Five-Year Plan

Investing in Talent and Sustainability

Embracing Transformation

Vision for the Future

Driving Innovation for a Smarter Hong Kong

Driving IP Commercialisation

Super-Connector for Innovation and Technology

Developing the Talent Ecosystem

Lasting Impacts

Build Smarter Future

Management Team

From left:

INNOVATION IN ACTION

SMART CITY

FINANCIAL TECHNOLOGIES

NEW INDUSTRIALISATION AND INTELLIGENT MANUFACTURING

DIGITAL HEALTH

APPLICATION-SPECIFIC INTEGRATED CIRCUITS

METAVERSE

HOW WE serve

Connecting The I&T Community

PROMOTING HONG KONG AS AN INTERNATIONAL I&T HUB

NURTURING I&T TALENTS

THE YEAR AHEAD

ESGOVERVIEW