Vincent Medical Passed 100% of Subsidies under the ESS to its Employees in Hong Kong

29th September 2020

Vincent Medical Holdings Limited (“Vincent Medical” or together with its subsidiaries, the “Group”, stock code: 1612), a global respiratory medical device supplier, announced today that it has passed on all wages subsidies received under the first and second tranche of the Hong Kong SAR Government’s Employment Support Scheme to its employees in Hong Kong.

Embracing the wage subsidy scheme announced by the Hong Kong SAR Government, the Group passed on all related funds received under the ESS to its employees in Hong Kong in June 2020 and September 2020 respectively, without reducing their current salaries paid by the Group. The Group will continue to meet the all the relevant requirements as stipulated by the ESS.

Mr. Vincent Choi, Chairman of Vincent Medical, said, “The pandemic of Covid-19 has been an unsettling and difficult time for many people in Hong Kong. The move to pass on the subsidy will help protect the financial security of our people and their family and to help ease their burden.”

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