Police seized HK$5 million in electronics and timber goods after intercepting a smuggling operation at Sham Wat in northwest Lantau on Friday evening.
Police and customs officers spotted a speedboat with a man behaving suspiciously at the remote village, Apple Daily reports.
A van arrived at the dock and four men alighted and started transferring goods to the boat. Police moved in but the suspects escaped in the speedboat, leaving behind 18 boxes of material.
The boxes were found to contain approximately 2,110 mobile phones, 120 tablet PCs, 250 cameras and about 150 kg of timber material, believed to be rosewood.
The case has been forwarded to the Customs and Excise Department for further investigation.