He also stated, market(s) for Sai Kung Peninsula was founded before the signing of the Convention for the Extension of Hong Kong Territory in 1898, which ceded many places along with the whole Peninsula to the Hong Kong colony as the New Territories and New Kowloon. In the early 1900s, the Sai Kung market had expanded into 50 shops, plus 4 boat building sheds. At the same time, a smaller market of 18 shops was existed in Hang Hau. (Hang Hau became part of the built-up area of Tseung Kwan O New Town, and not part of Sai Kung Town)