Commercial Radio Hong Kong (CRHK, , aka Hong Kong Commercial Broadcasting Company Limited is one of the two commercial radio broadcasting companies in Hong Kong along with Metro Radio Hong Kong. CRHK provides a line-up of entertainment, including informative, educational, artistical and cultural programmes; CRHK also provides updates on current affairs as well as news and weather reports. The station hosts the 903 Top 20, a record chart based on airtime. History CRHK was founded by George Ho Ho-Chi on 26 August 1959, when he inherited HK$50,000 from his father Sir Robert Ho Tung. The 10-year franchise of Radio Rediffusion ended its radio operation in 1959. CRHK joined Radio Rediffusion and Radio Television Hong Kong to make what was called the "Three kingdoms of local radio stations". It was one of the most flourishing times in Hong Kong radio broadcasting history, since more competition yielded better productions. However, Radio Rediffusion closed down at the end of September 1973. At the very beginning, Commercial Radio was situated in Lai Chi Kok, near what is today's Mei Foo Sun Chuen. It only obtained the present site at 3, Broadcast Drive in Kowloon Tong on 25 July 1966, nine years after it had started broadcasting in Hong Kong. While the new five-floor building was under refurbishment, the station was temporarily housed in Yau Yat Chuen, until the brand new complex came into use on 26 August 1971. Although CRHK has its own news broadcasts nowadays and provides the latest news on major events around the world, the news division of CRHK was only formed in 1974. At first, news broadcasts were provided by the Information Services Department of the Hong Kong government and later from RTHK. The establishment of its own news division marked a new era in the company's history, since it finally became an independent organisation. G.J. Ho, son of George Ho, is now the chairman of CRHK. The licence of CRHK was renewed on 22 July 2003 and will last for another 12 years until 26 August 2016. The statutory body Hong Kong Broadcasting Authority continue to regulate Hong Kong broadcasters. Channels Currently CRHK broadcasts through two Cantonese Channels on the FM band and an English one on the AM band. All of the channels are 24-hour broadcast and each of them has its distinct programme formats and audience. FM 88.1 CR1 FM 88.1 () has the widest audience base