Group 1 - The Hang Seng High Dividend Yield Index (HSSCHKY) has shown a strong increase of 1.54% as of June 3, 2025, with notable gains in stocks such as China CITIC Bank (00998) up 4.88%, Swire Properties (01972) up 3.94%, and Agricultural Bank of China (01288) up 3.41% [2] - The Bosera Hang Seng High Dividend ETF (513690) has risen by 0.72%, with a latest price of 0.99 yuan and a trading volume of 61.74 million yuan [2] - The Bosera Hang Seng High Dividend ETF has a recent scale of 4.005 billion yuan and has seen a net financing amount of 1.201 million yuan in the previous trading day [3] Group 2 - The Bosera Hang Seng High Dividend ETF has achieved a net value increase of 32.41% over the past two years, ranking 120 out of 2187 in the index stock fund category [4] - The ETF has a maximum monthly return of 24.18% since inception, with an average monthly return of 4.99% [4] - The ETF's management fee is 0.50% and the custody fee is 0.10%, with a tracking error of 0.055% over the past six months [4] Group 3 - As of June 2, 2025, the top ten weighted stocks in the Hang Seng High Dividend Yield Index account for 28.55% of the index, including Yanzhou Coal Mining Company (01171) and Cheung Kong Infrastructure Holdings (00008) [5][7] - The weight of the top stock, Yanzhou Coal Mining Company, is 4.39%, while the second, Cheung Kong Infrastructure Holdings, has a weight of 2.66% [7]

智通财经APP获悉，5月30日，香港《稳定币条例》作为全球首个针对法币稳定币的专项立法正式落 地，有效填补了法币稳定币监管空白，加快推动稳定币合规化发展。 此前，香港立法会已经在5月21日正式通过该条例草案，用以在香港设立"法币稳定币"发行人的发牌制 度。今年年底前，合规的香港稳定币有望正式落地。香港金管局已公开首批稳定币发行人沙盒名单，包 括圆币创新科技等。 众安在线(06060)：众安在线持股43.43%的众安银行是中国香港首家为稳定币发行方提供储备银行服务 的数字银行；持股8.7%的圆币创新科技是中国香港金管局首批沙盒参与者之一。国金证券指出，众安 银行虚拟资产业务布局深入，有望受益；瑞银指出，市场预期众安将从以下两方面受益：圆币创新科技 估值上升潜力、可观的净利息差。 连连数字（02598）：连连数字通过多层全资子公司间接持有连连国际（LianLian Pay Global Limited） 100%股权。连连国际与圆币科技合作稳定币在跨境支付的场景应用项目。此外连连数字子公司DFX Labs早前已取得香港VATP牌照，正式进军Crypro领域。 电讯盈科（00008）：2024年7月，渣打银行、An ...

截至2025年5月27日收盘，盐 田 港(000088)报收于4.7元，上涨0.21%，换手率0.66%，成交量20.78万 手，成交额9736.7万元。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 当日关注点 交易信息汇总: 主力资金净流出1527.06万元，而散户资金净流入1148.06万元。 公司公告汇总: 盐田港2024年度分红派息方案为每10股派发现金红利1.30元，股权登记日为2025年 6月4日，除权除息日为2025年6月5日。 交易信息汇总 5月27日，盐田港的资金流向显示，主力资金净流出1527.06万元；游资资金净流入379.0万元；散户资金 净流入1148.06万元。 公司公告汇总 深圳市盐田港股份有限公司发布了2024年度分红派息实施公告。根据公告，公司2024年度利润分配方案 为：以现有总股本5,199,483,346股为基数，向全体股东每10股派发现金红利1.30元（含税），分配金额 总计675,932,834.98元。此外，公司将按2024年度公司净利润的10%提取法定盈余公积金113,387,69 ...

电讯盈科(00008.HK)公告，为就IT企业方案业务（ITS业务）与联想集团(00992.HK)（合作伙伴）建立 战略合作伙伴关系，卖方PCCW Solutions Holdings Limited（公司全资附属公司）与合作伙伴于2022年6 月14日订立买卖协议，据此，卖方同意出售，而合作伙伴同意购买出售股份（分别相当于PCCW Lenovo Technology Solutions的80%及电讯盈科网络服务的20%直接权益），代价为6.136亿美元，其中 5.136亿美元将以现金结算，以及1亿美元将透过由合作伙伴向集团发行代价股份支付。 于完成后，公司将（透过卖方）间接持有电讯盈科网络服务的80%权益，而电讯盈科网络服务将仍为直 接持有电讯盈科企业方案的100%权益及PCCW Lenovo TechnologySolutions的20%权益的股东；及合作 伙伴将直接持有PCCW Lenovo TechnologySolutions的80%权益及电讯盈科网络服务的20%权益。 建立战略合作伙伴关系延续公司释放股东价值的策略。具体而言，预计本交易将透过以下方式令公司获 益：(1) 利用集团与合作伙伴的综合优 ...

Core Viewpoint - The Hang Seng High Dividend Yield Index (HSSCHKY) has shown positive performance, with significant increases in constituent stocks, indicating a potential recovery in the Hong Kong real estate market and overall economic stability [2]. Group 1: Market Performance - As of April 25, 2025, the HSSCHKY index rose by 0.85%, with notable increases in stocks such as China Resources Land (4.64%) and China Overseas Development (3.76%) [2]. - The Bosera Hang Seng High Dividend ETF (513690) increased by 1.20%, with a latest price of 0.93 yuan and a trading volume of 16.6197 million yuan [2]. - Over the past year, the Bosera Hang Seng High Dividend ETF has seen an average daily trading volume of 78.9566 million yuan [2]. Group 2: Economic Measures - A recent State Council meeting focused on stabilizing employment and the economy, emphasizing the need to maintain a stable stock market and promote healthy development in the real estate sector [2]. - Despite a slight decline in new home sales and falling second-hand home prices, historical trends suggest that the real estate sector often rebounds before the fundamentals stabilize, supported by strong expectations for new policies [2]. Group 3: ETF Performance Metrics - The Bosera Hang Seng High Dividend ETF has a current size of 3.731 billion yuan, with net inflows remaining balanced recently [3]. - The ETF's net value increased by 22.27% over the past year, with a maximum monthly return of 24.18% since inception [3]. - The ETF's Sharpe ratio for the past year is 1.48, indicating a favorable risk-adjusted return [3]. Group 4: Index Composition - As of April 24, 2025, the top ten weighted stocks in the HSSCHKY index account for 28.32% of the index, with Yanzhou Coal Mining (4.39%) and Hang Lung Properties (3.38%) being the most significant [4][6].

Subscriber Growth - Viu's subscriber base grew by 17% to 15.5 million, with strong growth in Indonesia, Malaysia, and Thailand[4]. - Viu's subscription user base grew by 17% to 15.5 million, with subscription revenue increasing by 15%[25]. - ViuTV's registered user base grew by 6% year-on-year to over 3.2 million, indicating strong engagement among younger audiences[29]. Revenue and Financial Performance - Revenue increased by 3% to HKD 37.557 billion, while EBITDA reached HKD 12.849 billion[5]. - Total revenue for the year ended December 31, 2024, increased to HKD 37,557 million, up from HKD 36,347 million in 2023, representing a growth of 3.3%[63]. - Total revenue (excluding mobile communications product sales) increased by 2% to HKD 32.031 billion, with overall revenue rising by 1% to HKD 34.753 billion[21]. - The revenue from the media business reached HKD 3,515 million in 2024, up from HKD 3,404 million in 2023, marking a growth of about 3.3%[80]. - The external revenue from Hong Kong increased to HKD 29,145 million in 2024, compared to HKD 28,477 million in 2023, reflecting a growth of about 2.3%[83]. EBITDA and Profitability - EBITDA for Hong Kong Telecommunications was HKD 13.743 billion in 2024, reflecting a 3% growth from the previous year[14]. - The EBITDA for the group in 2024 was HKD 12,849 million, slightly up from HKD 12,831 million in 2023, indicating a stable performance[82]. - The overall EBITDA margin for Hong Kong Telecommunications was 40% in 2024, up from 39% in 2023[16]. - Operating profit for the year was HKD 5.388 billion, an 8% increase compared to the previous year[14]. Loss and Net Income - The company reported a significant reduction in loss attributable to equity holders to HKD 300 million for the year[4]. - The net profit for the year decreased to HKD 1,941 million, down from HKD 2,090 million in 2023, reflecting a decline of 7.1%[63]. - The basic and diluted loss per share for the year was HKD 3.88, compared to HKD 6.10 in 2023[63]. - The loss attributable to equity holders of the company narrowed significantly to HKD 300 million, compared to HKD 471 million in the previous year[43]. Dividends - The final dividend declared is HKD 0.2848 per share, totaling an annual dividend of HKD 0.3825 per share[4]. - Proposed final dividend per share is HKD 0.4588, bringing the total annual dividend to HKD 0.7880[22]. - The company proposed a final dividend of HKD 0.2848 per share for the year ending December 31, 2024, consistent with the previous year[55]. Advertising Revenue - Viu's advertising revenue grew by 17% due to the introduction of an AVOD model for connected TV users[7]. - Viu's advertising revenue increased by 17% year-on-year, driven by sponsorships and the introduction of an AVOD model[26]. Operating Costs - Total operating costs increased by 6% year-on-year, amounting to HKD 19.127 billion in 2024[14]. - Operating costs rose by 3% to HKD 5.581 billion, primarily due to increased promotional expenses for OTT services[35]. Customer and Service Growth - Mobile communication service revenue grew by 5% to HKD 11.484 billion in 2024, driven by increased roaming contributions and a growing postpaid customer base[17]. - Roaming revenue increased by 37% year-on-year, reaching 98% of pre-pandemic levels in 2024[17]. - The number of 5G customers reached 1.747 million by the end of 2024, marking a 25% year-on-year growth[17]. - Local data service revenue rose by 6% to HKD 13.552 billion, while local telecom service revenue increased by 3% to HKD 17.350 billion[18]. Capital Expenditure and Debt - Capital expenditure for the year ending December 31, 2024, was HKD 2.341 billion, slightly up from HKD 2.324 billion in 2023, with approximately 95% attributed to Hong Kong Telecommunications[47]. - The group maintained a debt-to-asset ratio of 53% as of December 31, 2024, down from 55% in the previous year[45]. - As of December 31, 2024, the total debt of the group was HKD 52.393 billion, compared to HKD 52.329 billion on December 31, 2023[45]. Employee and Organizational Changes - The group employed over 14,600 staff globally as of December 31, 2024, a decrease from 15,000 employees in 2023[54]. Risk Management - The group has established risk management measures to manage market risks associated with foreign currency and interest rates, with most financing denominated in foreign currencies[49]. - The group has no assets pledged as collateral for bank loans as of December 31, 2024[51].

User Growth and Engagement - Viu achieved a milestone of 11.7 million paid users as of June 30, 2024, with over 110 new titles added during the period, driving subscriber growth[14] - ViuTV's digital membership increased by 6% to 3.2 million, driven by engaging content and unique productions[16] - Viu's paid user base reached 11.7 million, adding over 110 new titles[50] - Viu's paid user base reached 11.7 million, an 11% year-on-year increase, with significant growth in Indonesia, Thailand, and the Middle East[61] Financial Performance - For the six months ending June 30, 2024, the company reported a revenue growth of 5% and EBITDA growth of 1% due to increased contributions from its media business and cost efficiencies[19] - Revenue increased by 5% to HKD 17.698 billion[50] - Total revenue for the six months ended June 30, 2024, was HKD 17,698 million, an increase of 5.0% compared to HKD 16,850 million in 2023[110] - The media business generated external revenue of HKD 1,325 million for the six months ended June 30, 2024, up from HKD 1,146 million in the prior year, marking a growth of around 15.7%[110] - The net profit for the six months ended June 30, 2024, decreased to HKD 351 million, down 31.4% from HKD 512 million in 2023[89] Revenue Breakdown - Hong Kong telecommunications revenue (excluding mobile product sales) rose by 3% to HKD 15.683 billion[50] - OTT business revenue increased by 12% to HKD 1.089 billion[50] - Free TV and related business revenue rose by 23% to HKD 480 million[50] - Mobile communication service revenue grew by 5% to HKD 3,990 million, driven by increased roaming revenue and a net increase in postpaid customers[55] - The external revenue from Hong Kong Telecommunications segment was HKD 16,000 million for the six months ended June 30, 2024, compared to HKD 15,335 million in the same period of 2023, reflecting an increase of approximately 4.3%[110] Cost and Expenses - The cost of sales for the same period rose to HKD 8,939 million, reflecting a 7.8% increase from HKD 8,292 million in 2023[89] - The group's operating costs rose by 5% to HKD 30.87 billion, primarily due to increased promotional costs for OTT services aimed at boosting market penetration and paid subscriptions[70] - The total sales cost, excluding the cost of goods sold, rose slightly from HKD 5,739 million in 2023 to HKD 5,776 million in 2024, an increase of 0.6%[113] EBITDA and Profitability - EBITDA increased by 1% to HKD 5.672 billion[50] - EBITDA for the six months ended June 30, 2024, rose by 3% to HKD 6.168 billion, with an EBITDA margin stable at 37%[58] - The EBITDA for Hong Kong Telecom was HKD 6,009 million, with an EBITDA margin of 37%[54] - The company experienced a 10% increase in operating profit, amounting to HKD 1,824 million[51] Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.0977 per ordinary share for the six months ending June 30, 2024, reflecting a cautious dividend policy aimed at strengthening financial stability[19] - The interim dividend declared for the six months ended June 30, 2024, is HKD 0.0977 per share, unchanged from the previous year[87] Debt and Financing - The total debt as of June 30, 2024, was HKD 563.84 billion, up from HKD 523.29 billion as of December 31, 2023, with a debt-to-asset ratio of 59%[79] - Interest income for the six months ended June 30, 2024, was HKD 68 million, while financing costs rose by 21% to HKD 13.90 billion, leading to a net financing cost increase of 24% to HKD 13.22 billion[73] - The financing costs increased to HKD 1,390 million for the six months ended June 30, 2024, from HKD 1,153 million in the same period of 2023, representing an increase of approximately 20.6%[111] Operational Strategy and Future Outlook - The company is focused on prudent expansion in the video streaming and local television sectors, leveraging the robust foundation of Hong Kong Telecom to drive profit growth[13] - The company plans to continue leveraging its integrated fiber and mobile networks to provide innovative service solutions amid a challenging business environment[54] - The company plans to continue investing in enhancing digital capabilities and expanding the 5G network, considering current market conditions[81] Management and Governance - 唐永博 appointed as Vice Chairman of PCCW in August 2023, bringing extensive telecommunications management experience[29] - Meng Shusen serves as a non-executive director and is currently the Chairman and CEO of China Unicom International, with a strong background in international business[31] - Wei Zhe has over 20 years of experience in investment and operations management, previously serving as CEO of Alibaba Group during its IPO in 2007[32] Share Incentive Plans - The company plans to continue its share incentive program to align the interests of participants with those of shareholders[177] - The share incentive plan includes vesting periods ranging from 1 to 4 years, promoting long-term commitment from participants[177] - The total number of shares awarded under the 2020 plan is 6,141,746 shares, with 3,895,874 shares that have vested[178]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1 PCCW Limited （於香港註冊成立的有限公司 ) （股份代號：0008 ) 截至 2024 年 6 月 30 日止六個月的 中期業績公告 電訊盈科有限公司（「電訊盈科」或「本公司」）董事（「董事」）謹此宣佈本公司及其附屬公司 （統稱「本集團」）截至 2024 年 6 月 30 日止六個月的未經審核綜合業績。本簡明綜合中期財務資料 雖未經審核，惟已經本公司的審核委員會審閲，並按照香港會計師公會頒佈的《香港審閲委聘準則》 2410 由實體獨立核數師執行中期財務資料審閲工作的準則由本公司的獨立核數師羅兵咸永道會計師 事務所審閲。 • Viu 的付費用戶達 1,170 萬名，並增添超過 110 部新作品 • ViuTV 的數碼會員數目達 320 萬名，並管理 65 位藝人 • 收益增加百分之五至港幣176.98億元 • 香港電訊收益（未計流動通訊產品銷售）增加百分之三至港幣156.83億元 • OTT ...

Investment Rating - The report does not explicitly mention an investment rating for the company [1][2][3] Core Viewpoints - The company, PCCW, has experienced significant market value erosion since the dot-com bubble burst, with its market cap dropping from a peak of HKD 580 billion to around HKD 30 billion [2] - PCCW's revenue growth has been stagnant, with a 10-year CAGR of only 1% from 2014 to 2023 [6] - The company has undergone significant business restructuring, focusing primarily on telecom and media, with telecom contributing 94% of revenue in 2023 [11] - PCCW's core telecom business, Hong Kong Telecom, is heavily reliant on fixed-line services, which are in a mature-to-decline phase, while mobile services are still in the early stages of 5G adoption [16][25][28] - The company has a strong dividend history, paying out HKD 27 billion in dividends over the past 5 years, representing 65% of its free cash flow [37][38] Business Overview - PCCW was founded in 1993 and became a major player in Hong Kong's telecom market after acquiring Hong Kong Telecom in 2000 for USD 35.9 billion [2] - The company's major shareholders include Li Ka-shing's son, Richard Li, who holds 24.92%, and China Unicom, which holds 18.41% [3][5] - PCCW's business segments have been streamlined, with telecom and media now accounting for 94% and 9% of revenue, respectively [11] - The company has divested several non-core assets, including Now TV and its property business, to focus on its core telecom operations [11] Financial Performance - PCCW's revenue in 2023 was HKD 36.3 billion, with Hong Kong Telecom contributing HKD 34.3 billion [15] - The company's EBITDA improved to HKD 12.8 billion in 2023, with an EBITDA margin of 35.3%, the highest in 5 years [33] - Capital expenditures have decreased significantly, from HKD 5 billion in 2019 to HKD 2.3 billion in 2023, contributing to improved free cash flow [34][36] - Free cash flow increased from HKD 6.1 billion in 2019 to HKD 11 billion in 2023 [36] Industry Analysis - Hong Kong's telecom market is highly competitive, with 28 licensed fixed-line operators and 4 major mobile operators [22][25] - Fixed-line penetration in Hong Kong remains high at 66.8%, compared to 13% in mainland China and 29% in the US [20] - The mobile market is saturated, with a penetration rate of 282%, and 5G adoption is still in its early stages, with 68.2% of mobile users on 5G as of March 2023 [26][28] - Hong Kong Telecom's mobile business is heavily reliant on hardware sales, with 26% of its mobile revenue coming from device sales in 2023 [30] Dividend and Shareholder Returns - PCCW has a strong track record of paying dividends, with HKD 27 billion paid out over the past 5 years [37] - The company's dividend payout ratio is 65% of its free cash flow, indicating a strong commitment to returning capital to shareholders [37] - For long-term investors, dividends have been a significant source of returns, with an annualized return of 15.75% from 2014 to 2023, assuming reinvestment of dividends [38]

Viu Platform Performance - Viu's monthly active users reached 62.4 million by the end of 2023[4] - Viu's subscription revenue grew by 32% and total revenue increased by 27% in 2023[6] - Viu's monthly active users reached 62.4 million, with overall revenue increasing by 27% year-over-year, driven by a 32% rise in subscription revenue and a 15% increase in advertising revenue[9] - Viu's paid subscription revenue grew by 32%, with 1.34 million paying subscribers, a 10% increase, and monthly active users (MAU) reached 6.24 million[20] - Viu's advertising revenue increased by 15% YoY, with monthly active users reaching 62.4 million as of December 31, 2023[113] - Viu's OTT business EBITDA surged by 233% to HKD 592 million, with margin increasing from 9% to 24%[113] - Viu's paying subscriber base grew by 10% to 13.4 million, with subscription revenue increasing by 32% year-on-year[112] 5G and Broadband Network Expansion - The company's 5G customer penetration rate in the postpaid customer base expanded to 41%[6] - The company's 10G broadband network now covers 2.4 million households, with a significant increase in 2500M service adoption[6] - The 5G customer base reached nearly 1.4 million by the end of 2023, accounting for 41% of postpaid customers and over half of csl and 1O1O customers[13] - The company's 2500M broadband service saw a significant increase in user numbers, with service plan fees rising by HKD 98, and the company is prepared to offer up to 10G high-speed services to 2.4 million households[13] - Hong Kong Telecom's 5G customer base grew to 1.4 million, a 32% increase, and FTTH (Fiber-to-the-Home) customers reached 1.01 million, a 4% increase[21] - Mobile communication service revenue grew by 5% to HKD 8.348 billion, driven by roaming recovery and strong 5G adoption, with 5G penetration reaching 41% of postpaid customers by the end of 2023[107] Revenue and Financial Performance - The company's revenue in mainland China grew significantly by 32%[6] - The company's outbound roaming revenue in the second half of 2023 recovered to 95% of pre-pandemic levels[6] - The company's OTT business EBITDA grew more than twofold[6] - The company's roaming revenue surged by 176% in 2023, with roaming user numbers nearly doubling, and December's roaming revenue exceeding pre-pandemic levels[12] - Hong Kong Telecom's total revenue reached HKD 31.37 billion, a 3% increase, with EBITDA of HKD 13.4 billion, also a 3% increase[21] - Total revenue increased by 1% to HKD 36.347 billion, with Hong Kong Telecom's revenue rising by 1% to HKD 34.330 billion and OTT business revenue growing by 22% to HKD 2.452 billion[97] - EBITDA increased by 4% to HKD 12.831 billion, with Hong Kong Telecom's EBITDA rising by 3% to HKD 13.400 billion and OTT business EBITDA surging by 233% to HKD 592 million[97] - The company's overall revenue for 2023 was HKD 36.347 billion, with EBITDA of HKD 12.831 billion[19] - The company's loss from continuing operations attributable to equity holders improved to HKD 471 million[97] - The final dividend per ordinary share is HKD 28.48 cents, bringing the full-year dividend to HKD 38.25 cents per ordinary share[97] - The board declared a final dividend of HKD 28.48 cents per share, bringing the full-year dividend to HKD 38.25 cents per share[100] - Adjusted funds flow for 2023 rose by 3% to HKD 5.798 billion, with a full-year distribution of HKD 0.7649 per stapled unit[110] Media and Entertainment Business - The company's MakeALive online and live events expanded to five Asian markets[6] - The company's ViuTV maintained advertising revenue despite a weakening TV advertising market[6] - The company's Viu platform serves 16 markets across Asia, the Middle East, and South Africa[4] - ViuTV's online platform registered members grew by 9% to over 3 million, supported by popular shows like "Legal and Love" and "Office Romance"[10] - The company's MakeALive service expanded to five Asian markets, showcasing its capability to host online and ticketed live events for its artists and other performers[11] - The company's media business saw OTT revenue of HKD 2.452 billion, a 22% increase, and free TV and related business revenue of HKD 952 million, a 5% increase[20] - Free TV and related business revenue increased by 5% to HKD 952 million, with EBITDA nearly doubling to HKD 190 million[99] - ViuTV achieved stable ratings and attracted sponsors from various industries with its diverse entertainment programs[99] - The company expanded into new entertainment formats such as movies, stage plays, and overseas events, contributing to stable growth in event and artist management businesses[99] - Free TV and related business revenue grew by 5% to HKD 952 million, with EBITDA increasing by 96% to HKD 190 million[114] - ViuTV's digital platform registered members grew by 9% YoY to over 3 million[115] - ViuTV's EBITDA for the year ended December 31, 2023, increased by 96% to HKD 190 million, with margin rising from 11% to 20%[116] Corporate Governance and Leadership - Mr. Tse, aged 86, serves as a non-executive director of PCCW and has extensive experience in the insurance industry across Asia and globally[27] - Mr. Tang, aged 49, was appointed as a non-executive director and vice chairman of PCCW in August 2023, and also holds senior positions in China United Network Communications Group[27] - Ms. Meng, aged 51, was appointed as a non-executive director of PCCW in December 2021 and serves as the chairman and president of China Unicom International[28] - Ms. Wang, aged 53, was appointed as a non-executive director of PCCW in December 2021 and serves as the general manager of the finance department at China United Network Communications Group[28] - Mr. Wei, aged 53, has been a non-executive director of PCCW since May 2012 and has over 20 years of experience in investment and operational management in China[28] - Vision Deal HK Acquisition Corp. is led by Mr. Wei as Executive Director and Chairman, who also chairs the Nomination Committee[30] - Mr. Wei serves as a Non-Executive Director for Polestar Automotive Holding UK PLC and JNBY Co., Ltd[30] - Mr. Wei was recognized as one of "China's Best CEOs" by FinanceAsia magazine in 2010[30] - Mr. Wei holds a degree in International Business Management from Shanghai International Studies University[30] - Mr. Wei has extensive experience in the banking sector, including roles at HSBC and PricewaterhouseCoopers[30] - Mr. Wei has served as an Independent Non-Executive Director for multiple companies, including 500.com Limited and BlueCity Holdings Limited[30] - Mr. Wei was appointed as an Independent Non-Executive Director for China Chain Store & Franchise Association[30] - Mr. Wei has held positions in various international banking roles, including in Saudi Arabia and the United States[30] - Mr. Wei has been involved in the establishment of the Zhi Li Education Fund in Hong Kong[31] - Mr. Wei has a background in corporate finance and investment banking, with experience at PricewaterhouseCoopers and HSBC[30] Risk Management and Compliance - The company's risk management and internal control systems, including ESG risks, are reviewed at least annually by the audit committee[67] - The company has established a robust risk management culture, ensuring operational units identify and manage risks with corresponding controls[68] - The company promotes a strong compliance and risk management culture across the organization, adhering to ethical standards through comprehensive policies and processes[69] - The company has established a comprehensive anti-bribery and corruption policy and procedure manual, ensuring integrity and reducing corruption risks[70] - The company maintains strict confidentiality and efficient handling of insider information, ensuring proper approval before disclosure[70] - The company has a three-line defense model for risk management, with clear responsibilities for risk identification, oversight, and independent assurance[74] - The company’s risk management framework includes regular reviews by the Risk Management, Monitoring, and Compliance Committee, reporting significant risks to the Board[75] - The Group Internal Audit Department adopts a risk-based audit approach, covering major risks across operations and reporting findings to senior management and the Audit Committee[76] - The company ensures asset protection and compliance with accounting standards through established policies and controls[72] - The company’s risk management process combines top-down and bottom-up approaches for comprehensive risk identification and mitigation[74] - The Group Risk Management and Compliance Department oversees the enterprise risk management framework and regularly reports to the Audit Committee[75] - The company’s internal audit function is independent of management, reporting directly to the Board and the Audit Committee[76] - The company’s senior management, with the assistance of risk management committees, designs and monitors the enterprise risk management and internal control systems[76] - The company has adopted the principles of ISO 31000:2018 for managing business and operational risks, integrating risk management into daily operations[78] - The company conducts annual certifications to ensure the effectiveness of its enterprise risk management and internal control systems[78] - In 2023, the company increased training sessions and risk workshops, unified risk reporting terminology, and enhanced communication with authorized directors regarding risk management[82] - The company's internal audit function focuses on IT security, data privacy, third-party management, and regulatory compliance[82] - The company's risk management framework is considered adequate and effective, with sufficient resources and staff qualifications[83] - External auditors also assess the adequacy and effectiveness of the company's risk management and internal controls as part of their statutory audit[83] - The company continuously improves its risk management capabilities, particularly in managing environmental, social, and governance (ESG) risks[84] - The company maintains a risk register to track and monitor risk mitigation actions across operational units[81] - The company's risk management process includes risk identification, analysis, evaluation, and the implementation of mitigation plans[80] - The company's risk management and compliance department regularly reports to the audit committee and other subcommittees on risk assessment progress[77] - The company has implemented measures to combat cyber threats, including subscribing to attack surface management and continuous automated red teaming solutions, as well as bounty hunting platforms for in-depth threat assessments[85] - The company ensures strict compliance with data privacy laws and IT security policies, conducting continuous reviews of endpoint security and network protection to maintain high information security standards[85] - The company is adopting an enhanced technology evaluation framework for AI to address potential vulnerabilities and ensure effective governance and supervision in meeting regulatory requirements and managing technology risks[86] - The company has launched various business projects to achieve sustainable growth and create long-term value for stakeholders, with ongoing risk management support to ensure timely and high-quality project delivery[86] - The company has established training, performance management, and recognition programs to retain and develop talent, supported by the implementation of a human resources system and succession planning to mitigate the impact of key personnel loss[87] - The company has adopted business continuity management policies and corporate incident response plans to ensure prompt handling of major incidents and maintain normal business operations[87] - The company leverages its strengths, such as product functionality, coverage, timely product launches, and market experience, to maintain competitiveness in a market increasingly driven by innovations like generative AI[89] - The company is expanding its diversified business portfolio into industries like fintech and health tech, while monitoring political and macroeconomic changes to mitigate potential financial and strategic risks[89] - The company is exploring strategic business opportunities through internal growth and potential mergers or strategic investments in the telecom and technology markets[89] Sustainability and Corporate Social Responsibility - The company has integrated environmental elements into sustainable business operations, including electric vehicle charging solutions through a joint venture with CLP Holdings[132] - The company has installed solar panel systems on four machine buildings and plans to install more to promote renewable energy[133] - The company has adopted paperless systems and sustainable materials in its operations, including PEFC-certified paper and eco-friendly materials in employee canteens[134] - The company has signed sustainability-linked loans totaling over USD 3.9 billion with financial institutions as of December 31, 2023[134] - The company has received multiple awards for its sustainability efforts, including being ranked in the top 67% of global telecommunications peers by MSCI ESG Ratings[135] - The company was awarded the "Best ESG Report Award - Mid Cap" and "ESG Best Performance Award - Mid Cap" at the BDO ESG Awards[136] - The company has established a comprehensive employee performance evaluation system and reward program to foster a performance-based culture[137] - The company has launched a membership rewards program called The Club, which helps attract customers and provides opportunities for personalized services[138] - The company received over 80 customer service awards in 2023 and over 22,000 customer praises[139] - The company maintains partnerships with over 5,000 global suppliers and has implemented responsible procurement practices[140] - The company has obtained ISO 9001:2015 certification for its quality management system since 2018[141] - The company provided over HKD 17 million in donations and materials to support the Hong Kong community[142] - The company has implemented a "Volunteer Recognition Program" to provide volunteer leave for employees participating in community services[143] - The company adheres to multiple laws and regulations, including the Telecommunications Ordinance and the Personal Data (Privacy) Ordinance[144] Shareholder and Dividend Information - The final dividend per ordinary share is HKD 28.48 cents, bringing the full-year dividend to HKD 38.25 cents per ordinary share[97] - The board declared a final dividend of HKD 28.48 cents per share, bringing the full-year dividend to HKD 38.25 cents per share[100] - Proposed final dividend of HKD 28.48 cents per ordinary share for the year ended December 31, 2023, subject to approval at the Annual General Meeting on May 30, 2024[127] - Interim dividend of HKD 9.77 cents per ordinary share paid in September 2023 for the six months ended June 30, 2023[127] - The company paid an interim dividend of HKD 9.77 cents per ordinary share in September 2023, totaling approximately HKD 756 million[151] - The board proposed a final dividend of HKD 28.48 cents per ordinary share for the year ended December 31, 2023, subject to shareholder approval[151] Legal and Regulatory Compliance - The company's compliance with the Competition Ordinance could result in a maximum fine of 10% of annual turnover in Hong Kong for up to three years for serious anti-competitive behavior[148] - Violations of the Telecommunications Ordinance could result in a maximum fine of HKD 1 million or a higher amount as determined by the court[145] - Violations of the Broadcasting Ordinance could result in a maximum fine of HKD 1 million, with the possibility of license revocation in severe cases[146] - Violations of the Trade Descriptions Ordinance could result in a maximum fine of HKD 500,000 and imprisonment for up to five years[147] - The company has appointed a Group Data Protection Officer to oversee all activities related to data privacy compliance[149] - The company will publish a separate 2023 Environmental, Social, and Governance report in accordance with the ESG Reporting Guide[150] Share and Option Plans - The total number of shares that can be issued under the 2014 Share Option Scheme is 728,229,465, representing approximately 9.41% of the issued shares as of the annual report date[175] - The company's 2014 share option plan has not granted any options since its adoption until December 31, 2023, with the number of authorized options remaining at 728,229,465 as of both January 1, 2023, and December 31, 2023[177] - The total number of shares available for issuance under the PCCW Subscription Plan is 71,254,636, representing approximately 0.92% of the issued shares as of the annual report date[179] - The PCCW Share Award Plans have been extended for 10 years, effective from November 15, 2022, and will expire on November 14, 2032[182] - Total unvested shares as of December 31, 2023, amounted to 6,391,875[184] - Total shares granted during the year were 4,554,458[184] - Total shares forfeited or lapsed during the year were 854,626[184] - Total shares vested during the year were 4,769,362[184] - The highest number of shares granted to a single individual (Xu Hanqing) was 1,123,822 on August 4, 2023[184] - The total number of shares granted to the top five highest-paid individuals was 442,326[184] - The total number of shares granted to service providers was 1,162,304[184] - The total number of shares granted to other recipients was 531,004[184] - The fair value of shares granted on August 4, 2023, was HKD 3.92 per share[184] - The fair value of shares granted on May 30, 2023, was HKD 4.02 per share[184] - Total unvested share awards as of December 31, 2023, amounted to 2,137,481 units[185] - Total share awards granted during the year were 1,473,141 units[185] - Total share awards forfeited or lapsed during the year were 349,055 units[185] - Total share awards vested during the year were 1,488,259 units[185] - The fair value of share awards granted in 2023 ranged from HKD 9.05 to HKD 10.18 per unit[185] - The highest number of share awards granted to a single participant in 2023 was 262,563 units[185] - The total number of share awards granted to service providers in 2023 was 224,336 units[185