Model 1 Company Limited ("the company") and Dragon Rainbow Limited ("KMB subsidiary"), a subsidiary of Kowloon Motor Bus (1933) Co., Ltd., have reached an amicable settlement (case number: HCIP 29/2020), the company is now making a public statement to the KMB company and its business partners.
   
The company introduced a 1:76 bus model based on an active bus in October 2019, and the KMB subsidiary is the registered design owner of the bus and toy models. In April 2020, the KMB subsidiary sued the company for alleged infringement. The company immediately removed related products from the shelves after learning. Afterwards, the two sides negotiated and reached a friendly reconciliation.
　
Since its establishment in 2010, the company has been working hard to serve a large number of model toy car fans in Hong Kong. With Network Shuttle Diecast Model as a small business, it provides high-quality bus model toys. Over the years, the company has always respected the intellectual property rights of various bus companies.
　
The company promises that there will be no infringements in the future, and hereby appeals to the industry to self-discipline and strengthen the awareness and respect of intellectual property rights. I hope that the bus model industry can learn from this and make efforts to jointly create a mutually respectful business environment.
　
Finally, the company takes this opportunity to thank KMB for serving the general public of Hong Kong for more than 80 years, and also express its gratitude to the model bus fans and business partners who have supported the company over the years.
　
Model 1 Company Limited
August 10, 2020