Dr. Chai assumed the position of Chairman of Hong Kong Science and Technology Parks Corporation in July 2018. In the same year, he was awarded the Bronze Bauhinia Star (BBS) by the HKSAR Chief Executive for his outstanding contribution to the promotion of innovation and technology development in Hong Kong, and was conferred a University Fellowship by the Hong Kong Polytechnic University. He received the Young Industrialist Award of Hong Kong in 2004.

Dr. Chai graduated with a Bachelor of Science from Rochester Institute of Technology (USA), and completed an Executive MBA program (EMBA) at the Chinese University of Hong Kong in 2007. In 2010, he was awarded the Doctor of Engineering (EngD) from the City University of Hong Kong.