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，且 表 明 不 會 就 本 公 告 全 部 或 任 何 部 分 內 容 所 導 致 或 因 倚 賴 該 等 內 容 而 產 生 的 任 何 損 失 承 擔 任 何 責 任。 香港寬頻有限公司 （於開曼群島註冊成立的有限公司） HKBN Ltd. （股份代號：1310） 股 東 周 年 大 會 通 告 茲 通 告 香 港 寬 頻 有 限 公 司（「本 公 司」）謹 訂 於2024年12月12日（星 期 四）下 午 二 時 三 十 分 假 座 香 港 九 龍 觀 塘 海 濱 道77號 海 濱 匯 一 座19樓Treeland舉 行 股 東 周 年 大 會 （「股 東 周 年 大 會」），以 討 論 下 列 事 項： 普 通 決 議 案 作 為 普 通 事 項： (b) 授 權 董 事 會（「董 事 會」）釐 定 董 事 酬 金。 4 續 聘 畢 馬 威 會 計 師 事 務 所 為 本 公 司 獨 立 核 數 ...

此 乃 要 件 請 即 處 理 及 (2)發 行 及 購 回 股 份 的 一 般 授 權 股 東 周 年 大 會 通 告 閣 下 對 本 通 函 任 何 方 面 或 應 採 取 之 行 動 如 有 任 何 疑 問，應 諮 詢 閣 下 之 股 票 經 紀、其 他 持 牌 證 券 商、銀 行 經 理、律 師、專 業 會 計 師 或 其 他 專 業 顧 問。 閣 下 如 已 將 名 下 全 部 的 香 港 寬 頻 有 限 公 司 股 份 售 出 或 轉 讓，應 立 即 將 本 通 函 連 同 隨 附 之 代 表 委 任 表 格 送 交 予 買 主 或 承 讓 人 或 經 手 出 售 或 轉 讓 之 銀 行、股 票 經 紀 或 其 他 代 理 商，以 便 轉 交 買 主 或 承 讓 人。 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 通 函 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 通 函 全部或任何部分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。 HKB ...

Financial Performance - Revenue for the fiscal year 2024 reached HKD 10.7 billion[4] - Revenue for the fiscal year 2024 was HK$10.65 billion, a decrease from HK$11.69 billion in 2023[64] - Enterprise solutions revenue remained stable at HK$4.83 billion in 2024 compared to HK$4.83 billion in 2023[64] - Residential solutions revenue slightly decreased to HK$2.34 billion in 2024 from HK$2.39 billion in 2023[64] - Mobile and other products revenue dropped significantly to HK$1.63 billion in 2024 from HK$2.54 billion in 2023[64] - Net profit for 2024 was HK$10.28 million, a significant improvement from a loss of HK$1.27 billion in 2023[64] - Adjusted EBITDA increased to HK$2.36 billion in 2024 from HK$2.29 billion in 2023[64] - Adjusted free cash flow decreased to HK$620.15 million in 2024 from HK$763.25 million in 2023[64] - Net profit for the year increased significantly from a loss of 1,267,408 in 2023 to a profit of 10,277 in 2024, representing a change of over 100%[66] - Goodwill impairment decreased by 100% from 1,200,000 in 2023 to 0 in 2024[66] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased slightly from 2,289,914 in 2023 to 2,364,759 in 2024[66] - Adjusted free cash flow decreased from 763,249 in 2023 to 620,145 in 2024[66] - Residential ARPU (Average Revenue Per User) increased by 2% from $179 in 2023 to $182 in 2024[68] - Total revenue for the fiscal year 2024 decreased by 9% to 10.651 billion[71] - Enterprise solutions revenue decreased slightly by 1% to 6.675 billion, with enterprise service revenue (excluding international telecom services) growing by 1%[71] - Residential solutions revenue decreased by 2% to 2.344 billion, with a strategic focus on direct subscriptions and reducing resale business[73] - The company achieved a profit of 10 million yuan in FY2024, reversing a loss of 1.267 billion yuan in FY2023[74] - EBITDA increased by 3% year-on-year to 2.365 billion yuan, driven by operational improvements and reduced operating expenses[74] - Adjusted free cash flow decreased by 19% year-on-year to 620 million yuan, mainly due to increased net interest paid and reduced operating cash inflows[75] - Cash and cash equivalents totaled 1.217 billion yuan as of August 31, 2024, with total debt at 11.528 billion yuan, resulting in a net debt level of 10.311 billion yuan[79] - The company's net debt to EBITDA ratio was 4.9x as of August 31, 2024, compared to 5.1x in the previous year[80] - The company proposes a final dividend of 16.5 cents per share for the fiscal year ending August 31, 2024, compared to 20 cents per share in the previous year[98] - The company's distributable reserves as of August 31, 2024, amounted to 4,802,950,000 HKD, down from 4,870,698,000 HKD in 2023[101] - The company will pay 27,608,165 HKD to the holders of the seller loan notes based on the final dividend of 16.5 cents per share[99] ESG and Sustainability - Electricity consumption decreased by 14% compared to the fiscal year 2022[5] - Scope 1 and Scope 2 emissions were reduced by 19.24% compared to the fiscal year 2022[6] - The company successfully reduced electricity consumption by 14% in FY2024 compared to FY2022, aligning with ESG goals[43] - The proportion of women in technical roles reached 25.7%, close to the target of 27% by FY2025[43] - The average failure rate in phishing assessments was 1.49% in FY2024, below the target of 2%[43] - Residential network service downtime decreased by 11.3% in FY2024 compared to FY2022, nearing the 14% reduction target[45] - The company launched Aegis Intelligence, an upgraded network monitoring platform to enhance cybersecurity and governance[43] - 70% of general service contracts were processed electronically in FY2024, improving customer experience[43] - The company distributed ESG questionnaires to selected SME suppliers in FY2024 to assess their ESG performance[45] - The company's climate action targets were approved by the Science Based Targets initiative (SBTi)[43] - The overall care score in the employee care survey reached 66% satisfaction in FY2024, approaching the 70% target[43] - The company aims to increase female representation on the board to over 50% in the coming years[45] - The company maintained an AAA rating in the MSCI ESG Ratings since December 2022, placing it among the top 14% of global telecommunications companies[47] - The company achieved a AA+ rating in the Hang Seng Sustainability Index, reinforcing its position as a leader in ESG in Hong Kong[47] - The company successfully reduced electricity consumption by 14% in FY2024 compared to FY2022, meeting its ambitious target[53] - The company's ESG governance is integrated across all levels, including the Board of Directors, ESG Committee, and ESG Working Group[52] - The company's ESG strategy is executed by business departments, which coordinate and review progress across various ESG areas[54] - The company engages with stakeholders through multiple channels, including customer satisfaction surveys, investor meetings, and community projects[56] - The company's ESG reporting adheres to the ESG Reporting Guide of the Listing Rules, SASB Telecommunications Standards, and TCFD recommendations[50] - The company aligns its work with the United Nations' 2030 Sustainable Development Goals (SDGs) to contribute to long-term prosperity for people and the planet[50] - The company's Board of Directors oversees and is responsible for the ESG strategy, development, and performance[55] - The company's ESG Committee provides recommendations on ESG-related frameworks and business models, and oversees communication and disclosure matters[52] - The company's recent science-based carbon reduction targets have been approved by SBTi[58] - The board's gender diversity has improved, with female representation exceeding 50% at the time of the report[58] - The company has completed its first physical and transitional climate scenario analysis, identifying climate-related risks and opportunities[59] - The company achieved a 14% reduction in electricity usage in FY2024 compared to FY2022, aligning with senior management's ESG-related compensation goals[195] Network and Service Expansion - The company's network coverage reached 2.6 million households and 200 commercial buildings, including 100% Grade A and Grade B properties[4] - The company launched Hong Kong's first 25Gbps broadband service, enhancing its ICT solutions for enterprise customers[2] - The company launched 10Gbps to 25Gbps services in its high-margin FTNS business, offering speed and latency guarantees to meet regulatory requirements and enhance customer acquisition and retention[11] - The company introduced a diversified IT services portfolio, including hybrid and multi-cloud solutions, and the HKBNCare+ IT-as-a-Service plan for enterprise customers[11] - In the residential market, the company focused on increasing Average Revenue Per Household (ARPH) by offering OTT video content, home insurance, and healthcare services[11] - The company expanded its competitive edge by providing data card services to 7.5 million citizens in Hong Kong, avoiding direct competition with traditional mobile operators[11] - Introduced the latest 25G PON technology, bringing Hong Kong into a new era of high-speed connectivity[32] - Transformed the internal network operations center into a Network Operations Center as a Service provider, benefiting Hong Kong's digital community and enterprises[32] - Successfully led the transformation from a broadband service provider to a popular quadruple-play service provider in Hong Kong[35] - Managed 25% of the company's Hong Kong residential business revenue as the "District CEO" for the Kowloon East region[35] - Launched Hong Kong's first 25Gbps fiber broadband service, offering speeds 25 to 250 times faster than current standards, enabling seamless experiences for Wi-Fi 8, 8K video, AI, AR, and VR applications[163] - Introduced Aegis Intelligence, an upgrade to the AegisInsight network performance monitoring platform, integrating generative AI for real-time network diagnostics and proactive management, serving over 1,000 companies and institutions[164] - Launched Multi-Cloud Connect, Hong Kong's first comprehensive cloud delivery service, providing high-speed, secure, and visible connections to major public clouds, addressing operational complexity and cost efficiency for 98% of enterprises adopting multi-cloud strategies[165] - Became Hong Kong's first certified Alibaba Cloud Landing Zone partner, offering tailored cloud solutions for efficient cloud navigation, security compliance, and cost control[166] - SHOP-IN-A-BOX solution introduced, providing retailers with a one-stop IT solution for simplified network connectivity, enhanced security, and improved operational efficiency through IoT and advanced applications[168] - OFFICE-IN-A-BOX solution enhances hybrid work efficiency with advanced communication and productivity tools, focusing on meeting room and digital communication equipment, secure data storage, physical security, and network security[169] - HKBNCare+ sold nearly 40,000 tokens in FY2024, equivalent to approximately 40,000 hours of IT services, supporting SMEs with comprehensive IT services[170] - Hong Kong Broadband Network became the first in Asia to achieve all seven professional certifications under Fortinet's Engage program, enhancing digital transformation support capabilities[171] - AegisConnect AI, launched in November 2023, leverages Palo Alto Networks' Cortex XDR technology to provide advanced network protection and threat response[172] - RUCKUS AI Wi-Fi managed service reduces problem resolution time by up to 70% and IT staff handling time by 60%, offering enhanced network performance and seamless user experience[174] - The exclusive four-in-one medical service plan, in partnership with Bowtie, offers unlimited video consultations, home delivery of medicines, annual health check-ups, flu vaccinations, and bi-annual dental services for HK$99 per month[175] - Strategic partnership with AXA Hong Kong and Macau provides combined home broadband and home insurance services, offering a one-stop solution for home protection[176] - Priority Plus home Wi-Fi solution, in collaboration with TP-Link, integrates 2000M fiber broadband with advanced network management, starting at HK$248 per month[177] - N mobile, launched in December 2023, offers flexible data plans and innovative "pay-after-use" roaming data services to meet evolving consumer needs[178] - N mobile offers comprehensive mobile communication services for both local and overseas needs, providing a one-price solution with various partner benefits[179] - Hong Kong Broadband pioneered the first 100Mbps service in Hong Kong and launched the world's first 1Gbps residential broadband service in 2005, revolutionizing internet speed standards[181] - Hong Kong Broadband will launch Hong Kong's first 25Gbps broadband service in 2024, with full coverage expected by 2025, marking a significant leap in internet speed[182] - The 25Gbps service will enable ultra-smooth 8K video streaming, instant large file downloads, and zero-latency online gaming, transforming home entertainment and smart home operations[183] - For businesses, the 25Gbps service will redefine operations across industries, enabling real-time collaboration, AI, machine learning, and big data analytics to drive innovation and expansion[184] - Hong Kong Broadband's "Infinite One" strategy integrates fiber broadband, home phone, mobile, and OTT services, serving nearly 1 million residential customers, or one-third of Hong Kong households[186] - The company has partnered with AXA to offer home insurance as part of its service bundle, simplifying the moving process and providing additional home security[186] - Hong Kong Broadband introduced a comprehensive healthcare service plan, including unlimited video consultations, drug delivery, dental care, and vaccinations, starting at $99 per month[187] - The healthcare plan, developed in collaboration with Bowtie, redefines affordable and comprehensive health coverage, setting a new standard in the market[188] - N mobile offers customizable 5G and 4G plans tailored for travelers, providing competitive pricing and user rewards, revolutionizing the mobile communication landscape[189] - Priority Plus home Wi-Fi solution integrates TP-Link's Aginet network management platform with 2000M fiber broadband, ensuring seamless connectivity and advanced remote monitoring[190] Leadership and Organizational Changes - Samuel Hui led the launch of Hong Kong Broadband's mobile services in 2016, marking the company's first major expansion beyond broadband[28] - Hong Kong Broadband's mobile services became the fastest-growing mobile operator in Hong Kong, achieving over 2% penetration in the competitive postpaid mobile market within two years[28] - Samuel Hui was appointed as Digital Transformation President in 2020, leading the company's group-wide digital transformation strategy[28] - In 2021, Samuel Hui integrated Jardine One Solutions (JOS) into Hong Kong Broadband, combining strengths to offer comprehensive ICT solutions to enterprise customers[28] - By 2023, Samuel Hui was promoted to Strategy President - Enterprise Solutions, driving the productization and commercialization of Hong Kong Broadband's technical capabilities[28] - In 2024, Samuel Hui was appointed as Operations President, leading the ICT Beyond Strategy for Hong Kong Broadband's enterprise solutions[29] - Gabriel Leung, with over 30 years of experience in ICT, led Hewlett Packard Enterprise (HPE) Hong Kong and Macau to achieve significant revenue growth and won the HPE Asia Pacific Region of the Year Award in 2022[30] - Gabriel Leung successfully transformed Hong Kong Telecommunications International Holdings Limited from a telecom business to an innovative ICT services provider, achieving double-digit growth in 2016[31] - During his tenure at EMC Corporation from 1999 to 2015, Gabriel Leung contributed to a tenfold increase in company revenue[31] - Appointed as the Group President and COO in 2024, focusing on enhancing customer and shareholder experiences through innovation[38] - Previously served as Global Senior Vice President at EMC Corporation and Dell, leading strategic expansion in Greater China[38] Employee and Compensation Initiatives - Female representation in technical roles increased to 5.7%[5] - The company trained approximately 10,000 employees through free cybersecurity phishing email drills[6] - The proportion of women in technical roles reached 25.7%, close to the target of 27% by FY2025[43] - The overall care score in the employee care survey reached 66% satisfaction in FY2024, approaching the 70% target[43] - 58.4% of managerial-level or above employees participated in the revised Co-Ownership Plan IV (CO4) by August 31, 2024, with incentives tied to company performance[196] - The company emphasizes fair and competitive compensation, including performance bonuses, retirement plans, and health benefits, aligned with market standards[197] - Initiatives to enhance employee well-being and work-life balance include mental health support and fostering a joyful workplace culture, with progress tracked against FY2025 goals[198] - The company celebrated its office relocation to Kwun Tong with a partnership with WEDO Global, supporting social enterprises and recognizing long-serving employees[200] Shareholder and Investment Information - Canada Pension Plan Investment Board holds 182,405,000 shares, representing approximately 13.91% of the company's total issued share capital[111] - GIC Private Limited holds 91,913,760 shares, representing approximately 7.01% of the company's total issued share capital[111] - TPG GP A, LLC holds 144,966,345 shares, representing approximately 11.05% of the company's total issued share capital[111] - Michael ByungJu KIM and Bryan Byungsuk MIN each hold 144,966,345 shares, representing approximately 11.05% of the company's total issued share capital[111] - GIC Private Limited holds 91,913,760 shares, representing approximately 7.0% of the company's total issued shares[112] - TPG Group entities hold 144,966,345 directly issued shares and 83,661,106 related shares (due to convertible instruments)[112] - Michael ByungJu KIM and Bryan Byungsuk MIN each hold 144,966,345 directly issued shares and 83,661,106 related shares through Twin Holding Ltd[113] - As of August 31, 2024, the company has issued a total of 5,251,862 reward shares under the Co-Investment Plan II, representing 0.40% of the weighted average number of issued shares[127] - 414,804 shares remain available for future grants under Co-Investment Plan II, representing approximately 0.03% of total issued shares as of August 31, 2024[122] - The company allocated 5,666,666 shares (0.43% of total issued shares) to the trustee of Co-Investment Plan II at the time of listing[122] - Co-Investment Plan II has a matching ratio of 7:3 (7 shares purchased for 3 restricted share units granted)[123] - No restricted share units were granted, canceled, vested, or lapsed during the year ending August 31, 2024 under Co-Investment Plan II[127] - Co-Investment Plan III Plus expired in October 2023 without any restricted share units being granted, forfeited, or vested[128] - The purpose of Co-Investment Plan III Plus included supporting charitable projects in Hong Kong and aligning with the company's mission of "Building a Better Home"[129] - The maximum number of shares available for issuance under the Co-ownership Plan III Plus is 44,367,647 shares, representing 3.0% of the issued shares at the time of approval[134] - No restricted share units have been granted under the Co-ownership Plan III Plus since its inception, and as of the report date, 0% of the issued shares are available for issuance under this plan[134] - The Co-ownership Plan III Plus expired in October 2023, and no restricted share units were granted, forfeited, vested, or lapsed due to the company's cumulative adjusted distributable cash per share falling below the minimum level of HKD 2.53 for the 2019-2021 fiscal years[139] - The revised and restated Co-ownership Plan IV allows for a maximum of 36,973,039 shares, representing approximately 2.50% of the issued shares on a fully

提名委員會職權範圍 定義 「董事會」指本公司的董事會； 「本公司」指香港寬頻有限公司； HKBN Ltd. 「公司秘書」指本公司的公司秘書； 香 港 寬 頻 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （「本公司」） 「董事」指董事會的成員； 「本集團」指本公司及其附屬公司； 「上市規則」指聯交所證券上市規則（ 經不時修訂 ）； 「提名委員會」指按董事會決議根據本職權範圍書設立的提名委員會； 「股東」指本公司不時的股東；及 「聯交所」指香港聯合交易所有限公司。 組建 2. 提名委員會於2015年2月6日由董事會決議設立。 成員 – 1 – 1. 在本職權範圍書（「職權範圍書」）內： 「章程」指本公司章程（ 經不時修訂 ）； 3. 提名委員會的成員應由董事會從董事中委任，成員不少於三名，其中大多數 應為獨立非執行董事。會議的法定人數為兩名成員，其中至少一名應為獨立 非執行董事。 4. 提名委員會的主席應由董事會委任，並應為獨立非執行董事或董事會主席。 5. 提名委員會成員之組成如有任何偏離者，本公司應於年報和中期報告中予以 說明原因。 6. 提名委員會的組成應遵守上市規則的規定。 會議 股東周年大會 1 ...

EF001 免責聲明 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 香港寬頻有限公司 | | 股份代號 | 01310 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2024年8月31日止年度全年業績公告 | | 公告日期 | 2024年10月31日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年8月31日 | | 宣派股息的報告期末 | 2024年8月31日 | | 宣派股息 | 每 股 0.165 HKD | | 股東批准日期 | 2024年12月12日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.165 HKD | | 匯率 | 1 HKD : 1 H ...

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，且 表 明 不 會 就 本 公 告 全 部 或 任 何 部 分 內 容 所 導 致 或 因 依 賴 該 等 內 容 而 產 生 的 任 何 損 失 承 擔 任 何 責 任。 HKBN Ltd. 香港寬頻有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1310） 截 至2024年8月31日 止 年 度 力 創 佳 績！ 在 充 滿 挑 戰 的 時 期，香 港 寬 頻 仍 堅 定 不 移，力 創 佳 績。 全 年 業 績 公 告 （除 另 有 說 明 外，本 公 告 所 載 全 部 財 務 數 字 均 以 港 元 列 示。） 香 港 寬 頻 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）欣 然 公 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至2024年8月31日 止 年 度（「2024財 年」）的 綜 合 業 績。 公 告 摘 要 – 1 – • 不 計 手 機 銷 售 ...

Financial Performance - Total revenue for the six months ended February 29, 2024, was HKD 5,809,091, a decrease of 13% compared to HKD 6,707,216 for the same period in 2023[14]. - Adjusted net profit for the period was HKD 85,508, down 16% from HKD 102,208 in the prior year[14]. - The company reported a 93% decline in profit for the period, amounting to HKD 1,534 compared to HKD 23,238 in the previous year[14]. - The adjusted free cash flow decreased by 66% to HKD 124,248 from HKD 367,648 year-on-year[14]. - Total revenue for the six months ended February 29, 2024, decreased by 13% to HKD 5.809 billion compared to the same period last year[17]. - The company reported a total comprehensive income of HKD 6,379 for the period, down from HKD 22,148 in the previous year[97]. - The company reported a net cash outflow from investing activities of HKD 190,184 for the six months ended February 29, 2024, compared to HKD 286,988 for the same period in 2023, indicating a reduction in investment spending[102]. - The company’s retained earnings as of February 29, 2024, were reported at HKD (197,822), reflecting a significant decrease from HKD 96,428 as of August 31, 2023[101]. - The company reported a loss of HKD 1,290,646 for the six months ended August 31, 2023, indicating a challenging financial environment[100]. Revenue Breakdown - The enterprise solutions segment generated revenue of HKD 2,310,418, down 2% from HKD 2,348,457 year-on-year[14]. - The residential solutions segment reported revenue of HKD 1,181,509, a slight decrease of 1% from HKD 1,196,941 in the previous year[14]. - Mobile and other products revenue fell significantly by 36% to HKD 1,365,472 from HKD 2,122,087[14]. - Revenue from residential solutions was HKD 1,181,509, down 1.3% from HKD 1,196,941 in the previous year[114]. - Revenue from enterprise solutions was HKD 2,310,418, a decrease of 1.6% compared to HKD 2,348,457 in 2023[114]. - Revenue from mobile and other products dropped significantly to HKD 1,365,472, down 35.6% from HKD 2,122,087[114]. Cost and Expenses - Operating costs decreased by 18% to HKD 3.772 billion, primarily due to a reduction in inventory costs[18]. - Financing costs increased by 24% to HKD 401 million, mainly due to rising interbank rates[20]. - Financing costs increased to HKD 400,712, up 23.5% from HKD 324,445 in the previous year[121]. - Talent costs amounted to HKD 704,670,000, down from HKD 759,156,000, indicating a decrease of approximately 7.2%[125]. - Advertising and marketing expenses increased to HKD 34,985,000 from HKD 32,864,000, reflecting a rise of about 6.4%[124]. Strategic Initiatives - The company launched innovative solutions such as OFFICE-IN-A-BOX and SHOP-IN-A-BOX to enhance market penetration in the enterprise sector[10]. - A strategic alliance with Nokia aims to introduce the first 25Gbps fiber network in Hong Kong, expected to enhance market share and revenue in the next 12 to 18 months[12]. - The company aims to expand its market position by enhancing partnerships and targeting public institutions and large enterprises[17]. - The company continues to advocate for digital transformation, offering solutions like OFFICE-IN-A-BOX to enhance operational efficiency for businesses[35]. - The company launched the OFFICE-IN-A-BOX platform to promote hybrid work models, integrating communication, collaboration, and cybersecurity technologies with cloud productivity tools[36]. Employee and Workforce - The number of permanent full-time employees decreased by 14% to 4,159[15]. - The company has 4,159 full-time employees as of February 29, 2024, a decrease from 4,428 employees on August 31, 2023[27]. - The total remuneration for key management personnel for the six months ended February 29, 2024, was HKD 35,120,000, compared to HKD 21,792,000 for the same period in 2023, indicating an increase of approximately 60.8%[172]. - The company emphasized a healthy work-life balance by providing attractive benefits and flexible working arrangements[67]. Customer Experience and Satisfaction - The average revenue per household (ARPH) continues to improve due to the unlimited service strategy and the introduction of a new mobile service brand, N mobile[11]. - The average revenue per user (ARPU) for residential services increased by 1% to HKD 181[15]. - Customer satisfaction score for new broadband customers was 4.7 out of 6, while installation/repair service scored 5.74 out of 6[84]. - Customer satisfaction for residential solutions averaged 5.82 out of 6 across various service channels[84]. - The average response rate for customer service hotline during the reporting period was 92%[84]. Debt and Liquidity - As of February 29, 2024, the total cash and cash equivalents amounted to HKD 804 million, down from HKD 1,017 million on August 31, 2023[22]. - Total debt as of February 29, 2024, was HKD 11,461 million, a slight decrease from HKD 11,589 million on August 31, 2023[22]. - The debt-to-equity ratio increased to 4.1 times as of February 29, 2024, compared to 3.8 times on August 31, 2023[22]. - The average financing cost rose to 6.5% as of February 29, 2024, up from 5.3% on August 31, 2023[22]. - The group reported current liabilities exceeding current assets by approximately HKD 273 million as of February 29, 2024[106]. Environmental and Social Responsibility - The company aims to assist 62 small and medium-sized enterprise suppliers in improving their environmental, social, and governance performance based on the results of its first ESG assessment conducted in January 2024[92]. - The company is committed to reducing its environmental impact by implementing energy audits in offices and data centers to improve energy efficiency[85]. - The company collected over 1,600 items through its Free2Share program, promoting the reuse of second-hand goods within the community[85]. - The company organized two interactive sessions to enhance youth awareness of online safety, focusing on social media knowledge and risks associated with deepfake technology[87]. Shareholder and Corporate Governance - The company appointed three accomplished women as independent non-executive directors to enhance board diversity[75]. - The company has issued a total of 1,311,599,356 ordinary shares as of February 29, 2024, unchanged from the previous year[150]. - The company declared an interim dividend of HKD 0.15 per ordinary share for the six months ended February 29, 2024, totaling HKD 196,740,000, a decrease from HKD 262,320,000 for the same period in 2023[151]. - The company has complied with all covenants related to bank loans as of February 29, 2024, and August 31, 2023[147].

Financial Performance - Revenue decreased by 13% to HKD 5.809 billion, primarily due to weaker-than-expected sales performance in mobile and other products. However, core business segments, including fixed-line telecommunications services, technology solutions, and consulting services, showed stable growth of 1% year-on-year [4]. - EBITDA decreased by 4% to HKD 1.151 billion, mainly attributed to soft sales performance in mobile and other products, although operational improvements helped mitigate some of the decline in operating expenses [4]. - Net profit for the six-month period fell by 93% to HKD 2 million, a significant improvement compared to a net loss of HKD 1.267 billion in the previous fiscal year, primarily due to ongoing efforts to enhance core business performance and operational efficiency [4]. - Adjusted free cash flow decreased by 66% to HKD 124 million, impacted by the current high-interest environment, leading to a 51% increase in net interest payments during the review period [4]. - Total revenue for the six months ended February 29, 2024, was 5,809,091 thousand, a decrease of 13% compared to 6,707,216 thousand in the same period of 2023 [9]. - Adjusted net profit for the same period was 85,508 thousand, down 16% from 102,208 thousand in 2023 [9]. - The company reported a significant decline in mobile and other products revenue, which fell by 36% to 1,365,472 thousand from 2,122,087 thousand [9]. - The adjusted free cash flow decreased by 66% to 124,248 thousand compared to 367,648 thousand in the previous year [9]. - Profit attributable to equity shareholders decreased by 93% to HKD 2 million [16]. - Total comprehensive income for the six months ended February 29, 2024, was 6,379 thousand, a decrease of 71.2% from 22,148 thousand in the same period in 2023 [35]. Dividends and Shareholder Returns - The board proposed an interim dividend of HKD 0.15 per share, down from HKD 0.20 per share in the previous year [4]. - The interim dividend for the first half of 2024 is set at HKD 0.15 per share, down from HKD 0.20 per share in February 2023 [26]. - The total proposed interim dividend amount for 2024 is 196,740 thousand, down from 262,320 thousand for the previous period [69]. - The approved and paid final dividend per ordinary share for the previous fiscal year was 20 cents, consistent with the previous period [70]. - The total amount for the approved final dividend for the previous fiscal year remains at 262,320 thousand [70]. Operational Developments - The company continues to transform its enterprise solutions business into an ICT industry leader, successfully attracting new customers in the public sector and large enterprises to increase market penetration [6]. - New innovative solutions such as Easy IT and AegisConnect have been well received by enterprise customers, enhancing the company's market position in the SME sector [6]. - The company launched a new travel lifestyle communication service brand, N mobile, complementing existing virtual mobile network operator services, providing comprehensive local and roaming communication options [7]. - A strategic alliance with Nokia has been established to pre-sell Hong Kong's first 25Gbps fiber network, expected to enhance market share and revenue from high-margin core services over the next 12 to 18 months [8]. - The company launched new IT solutions like OFFICE-IN-A-BOX and SHOP-IN-A-BOX to address specific industry challenges [14]. Cost Management and Efficiency - The company remains committed to prudent resource management and allocation to maximize growth returns while improving operational and capital expenditure efficiency [8]. - Network costs and sales costs decreased by 18% to HKD 3.772 billion, primarily due to lower inventory costs [15]. - Operating expenses decreased by 7% to HKD 1.628 billion, attributed to cost simplification and reduced depreciation [15]. - Financing costs increased by 24% to HKD 401 million, mainly due to rising bank loan interest rates [15]. - Capital expenditures decreased by 33% to (204,240) thousand from (304,234) thousand year-over-year [9]. Employee and Workforce Changes - The company experienced a 14% reduction in total full-time employees, decreasing from 4,428 to 4,159 [10]. - The group had 4,159 permanent full-time employees as of February 29, 2024, a decrease from 4,428 employees on August 31, 2023 [24]. Financial Position and Debt Management - As of February 29, 2024, the total cash and cash equivalents amounted to HKD 804 million, down from HKD 1,017 million on August 31, 2023 [18]. - Total debt as of February 29, 2024, was HKD 11,461 million, a decrease from HKD 11,589 million on August 31, 2023, resulting in a net debt level of HKD 10,657 million [18]. - The debt-to-equity ratio as of February 29, 2024, was 4.1 times, compared to 3.8 times on August 31, 2023 [18]. - The average cost of financing increased to 6.5% as of February 29, 2024, from 5.3% on August 31, 2023 [18]. - The company is considering refinancing options to improve its capital structure amid economic uncertainty [17]. Market and Revenue Insights - Enterprise solutions revenue declined by 4% to HKD 3.262 billion, while enterprise service revenue (excluding international telecom services) grew by 3% [13]. - Residential solutions revenue slightly decreased by 1% to HKD 1.182 billion, with a focus on enhancing partnerships to improve service offerings [14]. - Average revenue per user (ARPU) for residential services increased by 1% to HKD 181 [15]. - The group's revenue from telecommunications services for the six months ended February 29, 2024, was HKD 2,902,869, a decrease of 4.1% compared to HKD 3,027,861 for the same period in 2023 [47]. - Revenue from product sales for the same period was HKD 2,317,164, down 26.7% from HKD 3,161,818 in 2023 [47]. - The contribution of a single customer accounted for 22.5% of the total revenue for the group during the six months ended February 29, 2024 [49]. Compliance and Governance - The audit committee has reviewed the unaudited interim results for the first half of 2024, ensuring compliance with accounting principles and internal controls [29]. - The company has adhered to all corporate governance codes as per the Hong Kong Stock Exchange regulations during the first half of 2024 [30]. - No significant events occurred after the reporting period [30]. - The interim report for the first half of 2024 will be published on the Hong Kong Stock Exchange and the company's website [30].

Company Transformation and Services - HKBN Ltd. has transformed from a telecommunications company to an ICT leader, providing essential services across various aspects of modern life[7]. - The company launched Hong Kong's first large-scale 100Mbps internet service in 2004 and became the first city globally to offer 1000Mbps fiber broadband in 2005[8]. - HKBN serves approximately 1 million residential customers and over 100,000 enterprise clients, enhancing their living and operational experiences[20]. - HKBN's services include high-speed fiber broadband, mobile communication services, and various ICT solutions tailored for both residential and enterprise customers[29]. - The company aims to transform from a broadband service provider to a comprehensive ICT service provider, enhancing its market presence[53]. Strategic Focus and Market Expansion - The company aims to maintain competitiveness by continuously enhancing its ICT solutions, including 5G, cloud computing, and AI technologies[8]. - HKBN's strategic focus includes expanding its market presence in Hong Kong, Macau, and mainland China[20]. - Market expansion plans include entering two new regions, aiming for a 25% increase in market share within the next 18 months[46]. - The company is considering strategic acquisitions to bolster its technology capabilities, with a budget of $300 million allocated for potential deals[47]. Financial Performance - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[46]. - User data showed a total of 5 million active subscribers, an increase of 10% compared to the previous quarter[47]. - The company provided guidance for the next quarter, expecting revenue to reach between $1.25 billion and $1.3 billion, indicating a growth rate of 10-15%[49]. - The company reported a net profit margin of 18%, up from 15% in the previous year, reflecting improved operational efficiency[46]. - The company reported a significant increase in revenue, with a year-over-year growth of 15% in Q4 2023[52]. Investments and R&D - The company is investing $200 million in technology research and development to enhance service offerings and improve customer experience[49]. - The company is investing $20 million in R&D for new technologies aimed at enhancing user experience[52]. Sustainability and ESG Initiatives - The company achieved an AAA rating from MSCI for its ESG performance and was upgraded to AA+ by the Hang Seng Sustainable Development Index, ranking in the top 10% among over 500 companies in Hong Kong[36]. - The board of directors emphasized the importance of sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025[49]. - The company aims to reduce electricity consumption by 14% in FY2024 compared to FY2022, linking executive compensation to this ESG target[59]. - The company supports the United Nations' 2030 Sustainable Development Goals, integrating these goals into its operations[65]. Management and Leadership - Elinor Shiu has been appointed as the CEO of Hong Kong Broadband, leading the residential market strategy, which contributes 25% to the group's revenue[53]. - Kenneth She has joined as the Business Transformation President, focusing on creating synergies between residential and enterprise business segments[54]. - The management team emphasizes the importance of digital transformation and a multi-channel customer experience strategy[53]. Customer Engagement and Satisfaction - The company emphasizes a mission-driven approach, focusing on delivering customer satisfaction and improving overall business performance[22]. - A new marketing strategy was introduced, focusing on digital channels, expected to increase customer engagement by 30%[51]. - The overall satisfaction score in the talent care survey reached 69%, an increase of 4% from FY2022[60]. Product Launches and Innovations - The launch of Aegis Connect includes AI diagnostics and DDoS protection, enhancing network health awareness for businesses[34]. - The company introduced the world's first residential "fiber broadband dual guarantee" service, covering speeds from 100M to 2000M, with a refund guarantee[35]. - The company launched its first ESG-related solution for corporate clients in the year[60]. - The company launched the Smart Connect: Energy Monitoring ESG solution, enabling businesses to track electricity usage and make informed decisions for cost reduction and sustainability[103]. Employee and Talent Development - The company has a strong focus on talent development and has appointed Catherine Cheng as the Chief Talent Officer to drive HR strategies[54]. - The company plans to increase the proportion of women in technical positions to 27% or above, up from the previous target of 18%[60]. - The company is actively reviewing and comparing its compensation packages to enhance competitiveness in attracting talent[73]. Legal and Compliance - The company has a robust legal and compliance framework, with Sophia Yap leading the legal department and overseeing risk management[54]. - The company has complied with all relevant laws and regulations affecting its operations, including the Telecommunications Ordinance and the Competition Ordinance[106][110]. Shareholder and Financial Governance - The proposed final dividend for the year ending August 31, 2023, is HKD 0.20 per share, consistent with the previous year[113]. - The company aims to distribute dividends of at least 75% of adjusted free cash flow[113]. - The company has not made any charitable donations during the year ending August 31, 2023, consistent with 2022[115].

Revenue Performance - Revenue increased by 1% year-on-year to HKD 11.692 billion, driven by growth in international direct dialing services and a 9% increase in enterprise solutions revenue to HKD 4.825 billion[4] - The company reported total revenue of HKD 11,692,176 thousand for the year ending August 31, 2023, representing a 1% increase from HKD 11,626,164 thousand in the previous year[10] - Total revenue for the year ended August 31, 2023, was HKD 11,692,176, a slight increase from HKD 11,626,164 in 2022, representing a growth of 0.57%[42] - Revenue from fixed telecommunications services was HKD 4,670,790,000, down 0.6% from HKD 4,697,959,000 in the previous year[57] - International telecommunications services revenue increased significantly to HKD 1,117,214,000, up 48.9% from HKD 750,192,000 in 2022[57] - Revenue from technology solutions and consulting services was HKD 1,061,536,000, a slight increase from HKD 1,037,159,000 in 2022[57] - Revenue from product sales was HKD 4,474,348,000, down 6.1% from HKD 4,765,564,000 in the previous year[57] - The residential segment generated revenue of HKD 2,392,820,000, a decrease from HKD 2,433,159,000 in the previous year[57] - The enterprise segment revenue increased to HKD 4,825,008,000, up from HKD 4,427,441,000 in 2022[57] Financial Performance - Adjusted EBITDA decreased by HKD 320 million or 12% to HKD 2.290 billion, primarily due to a 5% increase in network and sales costs to HKD 7.525 billion[4] - The adjusted net profit for the year was HKD 194,634 thousand, a significant decrease of 78% compared to HKD 904,875 thousand in the prior year[10] - The company recorded a loss of HKD 1.267 billion, which included a 194% increase in financing costs (HKD 702 million) and a goodwill impairment of HKD 1.2 billion[4] - The adjusted free cash flow decreased by 33% to HKD 763,249 thousand from HKD 1,133,253 thousand in the previous year[10] - The company reported a significant increase in financing costs to HKD 702,303 from HKD 239,204 in the previous year, indicating a rise of approximately 194%[42] - The company reported a net loss before tax of 1,231,331 thousand HKD in 2023, compared to a profit of 712,216 thousand HKD in 2022[65] - Basic loss per share for 2023 was 1,267,408 thousand HKD, compared to a profit of 553,321 thousand HKD in 2022, indicating a significant downturn[74] Operational Developments - The company aims to transition from traditional telecommunications to becoming a leader in Information and Communications Technology (ICT) by leveraging past investments in fixed-line infrastructure[5] - The introduction of AegisConnect aims to enhance core telecommunications services with AI diagnostics and DDoS protection, targeting mid-sized enterprises[6] - The management team has made significant progress in strengthening operations following the acquisition of Jardine One Solution, which faced integration challenges due to the pandemic[5] - The company continues to strengthen its position as a leading OTT entertainment operator in Hong Kong through partnerships with major content platforms[7] - The company accelerated the transformation of its enterprise business, providing comprehensive digital transformation solutions[15] - New contracts signed during the year generated strong momentum, offsetting revenue declines from previous years[15] Market and Customer Insights - The overall market for broadband services is expected to grow in line with population growth, as penetration rates have reached maturity[5] - The company provides customized services to 1,000 large enterprise clients and productized services to mid-sized and small enterprises, emphasizing its competitive market scale[6] - The company shifted its focus in residential business from customer acquisition through discounts to increasing ARPU through price hikes[15] - The company expects it will take 2 to 3 years for the increased ARPU to fully reflect in its overall contract base[15] - Broadband users decreased by 2% to 117,000, while voice users fell by 6% to 388,000[11] - The number of enterprise customers decreased by 4% to 101,000, while residential broadband users increased by 3% to 920,000[11] - The residential ARPU decreased by 3% to 179 HKD from 184 HKD year-over-year[11] Dividend and Shareholder Information - The adjusted free cash flow is considered a good indicator of cash-generating ability, with a proposed final dividend of HKD 0.20 per share, down 33% from the previous year[4] - The company plans to maintain a consistent dividend policy, ensuring that adjusted free cash flow remains at least 75% of the dividend payout ratio[4] - The company plans to distribute a final dividend of HKD 0.20 per share for the year ended August 31, 2023, consistent with the previous year[32] - The proposed final dividend per ordinary share for the year ended August 31, 2023, is also 20 cents, consistent with the previous year[80] Employee and Corporate Governance - The total number of full-time employees decreased by 9% to 4,428 from 4,864[11] - The group reported a 9% decrease in permanent full-time staff, with 4,428 employees as of August 31, 2023, down from 4,864 in 2022[29] - The company has adopted four restricted share unit plans to attract and retain skilled talent since its listing[30] - The company has complied with all corporate governance codes as per the Hong Kong Stock Exchange regulations[38] - There have been no significant events occurring after the reporting period[40] Financial Position and Debt Management - As of August 31, 2023, the group's cash and cash equivalents totaled HKD 1.017 billion, down from HKD 1.129 billion in 2022, while total debt was HKD 11.589 billion, compared to HKD 11.865 billion in 2022[22] - The net debt level as of August 31, 2023, was HKD 10.572 billion, a decrease from HKD 10.736 billion in 2022, resulting in a debt-to-equity ratio of 3.8 times, up from 2.4 times in 2022[22] - The group's net debt to EBITDA ratio was approximately 5.1 times as of August 31, 2023, compared to 4.6 times in 2022, with an average cost of financing at 5.3%, up from 2.7% in 2022[23] - The group has established interest rate swap arrangements totaling HKD 3.9 billion to mitigate interest rate risks, maintaining the risk at an annual level of 0.399%[24] - The management anticipates that cash inflows from operations, along with the ability to utilize existing bank loans, will be sufficient to meet the obligations as they come due[49]