Financial Performance - Revenue from continuing operations increased by 13% year-on-year to HKD 923 million for the period ending December 31, 2020[7]. - EBITDA rose by 17% year-on-year to HKD 662 million for the same period[6]. - Basic profit attributable to shareholders increased by 16% year-on-year to HKD 389 million[6]. - Operating profit for the period was HKD 470 million, compared to HKD 401 million in the same period last year[5]. - Total revenue for the first half of the fiscal year was HKD 923 million, up from HKD 819 million in the previous year[6]. - The group's revenue from continuing operations increased by 13% year-on-year to HKD 923 million, driven by the expansion of hyperscale and cloud customers in the data center business[15]. - Operating profit from continuing operations rose by 17% year-on-year to HKD 470 million, with EBITDA increasing by 17% to HKD 662 million, resulting in an EBITDA margin improvement from 69% to 72%[15]. - Profit before tax was HKD 459,396,000, compared to HKD 380,560,000 in the prior period, reflecting a growth of 20.7%[46]. - Profit attributable to shareholders from continuing operations was HKD 388,661,000, up from HKD 320,812,000, marking a 21.1% increase[46]. - Basic earnings per share from continuing operations was HKD 0.0959, compared to HKD 0.0793 for the same period last year, an increase of 21.0%[46]. - Total comprehensive income for the period was HKD 388,631,000, slightly down from HKD 409,173,000 in 2019[49]. Data Center Business - The data center business experienced strong growth driven by increased demand for network connectivity and cloud services during the COVID-19 pandemic[8]. - MEGA-i data center has become a major hub for network connectivity in Asia, with significant demand from digital industry companies[8]. - The company has established strong relationships with leading cloud service providers, anticipating further growth as cloud applications develop[8]. - The company is focused on high-quality data center services for enterprise and cloud customers, expecting continued demand post-pandemic[8]. - The total floor area of the group's data centers will increase by 100% from 1.4 million square feet to 2.8 million square feet following the completion of new projects in Tsuen Wan and Tseung Kwan O[10][12]. - The group's total power capacity will increase by 200% from approximately 70 MW to over 200 MW, addressing the growing demand for power capacity from customers[10][12]. - The MEGA-i data center's power capacity has been increased by 40% following optimization works, enhancing the group's network connectivity business growth potential[12]. - The group is actively expanding its floor space and power capacity to meet the increasing demand for data center services driven by digitalization and the rollout of 5G applications[10][12]. Financial Position - The group held cash of HKD 303 million as of December 31, 2020, with long-term bank loans amounting to HKD 7.184 billion, resulting in net bank loans of approximately HKD 6.881 billion, a 27% increase from HKD 5.414 billion on June 30, 2020[17]. - The debt ratio as of December 31, 2020, was 254%; excluding the HKD 3.3 billion long-term unsecured shareholder loan from Sun Hung Kai Properties, the ratio would be 171%[17]. - The company's total equity as of December 31, 2020, was HKD 4,029,484, down from HKD 4,325,223 as of June 30, 2020, indicating a decrease of about 6.8%[51]. - The company’s retained earnings increased by HKD 1,225,715 during the period, contributing to the overall equity position[51]. - The company reported a net cash outflow from investing activities of HKD 1,255,295, which is a significant increase from HKD 878,854 in the previous year, indicating a rise of approximately 43%[54]. - The company reported a profit of HKD 388,661 for the six months ended December 31, 2020, compared to HKD 409,738 for the same period in 2019, reflecting a decrease of about 5.1%[51]. - The non-current assets, including property, machinery, and equipment, increased to HKD 15,330,871 from HKD 14,422,719, marking an increase of approximately 6.3%[50]. - The company’s total liabilities decreased to HKD 10,804,430 from HKD 9,401,288, indicating a rise of approximately 14.9%[50]. Employee and Management Compensation - The group employed 387 full-time employees as of December 31, 2020, emphasizing employee health and safety measures in response to the COVID-19 pandemic[18]. - The company incurred total employee compensation of 103,570,000 HKD, an increase from 89,644,000 HKD in 2019, indicating an increase of about 15%[68]. - The total remuneration for key management personnel was HKD 8,004,000 for the period, down 13.1% from HKD 9,208,000 in 2019[104]. - Mr. Fung received HKD 52,500 as remuneration for serving as Vice Chairman and a member of the Board's remuneration and corporate governance committees for the fiscal year ending June 30, 2020[21]. - Mr. Tong, the CEO, received approximately HKD 9,245,000 in total compensation, including HKD 52,500 as director's fee for the fiscal year ending June 30, 2020[22]. - Mr. Chen, as the Executive Director and COO, receives an annual director's fee of HKD 45,000 and a fixed cash remuneration of HKD 2,770,000[25]. - Ms. Liu, as the Executive Director and Business Director, receives an annual director's fee of HKD 45,000 and a fixed cash remuneration of HKD 2,660,000[26]. Corporate Governance and Compliance - The interim results for the six months ending December 31, 2020, were unaudited but reviewed by Deloitte, confirming compliance with Hong Kong accounting standards[126]. - The audit committee consists of four members, including three independent non-executive directors, ensuring adherence to corporate governance codes[127]. - The company confirmed full compliance with the corporate governance code during the six-month period, except for the absence of the chairman at the annual general meeting[129]. - No arrangements were made for directors to benefit from the subscription of shares or bonds during the six-month period ending December 31, 2020[122]. Acquisitions and Disposals - The company completed the acquisition of Branhall Investments Limited for a total consideration of HKD 2,242,534,000, primarily engaged in property investment[89]. - The company also acquired STT Limited for HKD 65,000,000, with non-current assets including property, plant, and equipment valued at HKD 64,691[93]. - The company sold Riderstrack Development Limited for HKD 1,053,568,000, with the main asset being investment properties located in Hong Kong[96]. - The sale of Multi-well Investments Limited generated HKD 754,451,000, also involving investment properties[96]. - The total net assets of the sold subsidiaries amounted to HKD 1,808,019,000, with a loss on sale of HKD 1,100,000[101]. Market and Business Development - The group is actively pursuing new business development and market expansion strategies in response to changing customer and market conditions[16]. - The company has not disclosed any new product developments or market expansion strategies in the current report[46]. - There were no significant mergers or acquisitions reported during the period[46].

Financial Performance - The group's revenue from continuing operations increased by 10% year-on-year to HKD 1,713,844,000, driven by growth from existing customers and new contracts in the core data center business[12]. - EBITDA from continuing operations rose by 18% year-on-year to HKD 1,186,000,000[12]. - The basic profit attributable to shareholders increased by 6% year-on-year to HKD 694,323,000[12]. - The company reported a gross profit of HKD 532,131,000 for the period, with a gross margin improvement compared to previous periods[7]. - The operating profit for the period was HKD 461,794,000, reflecting an increase from HKD 401,007,000 in the prior period[7]. - The pre-tax profit was HKD 446,135,000, up from HKD 380,560,000 in the previous period[7]. - The company’s total equity increased to HKD 4,325,223,000, compared to HKD 4,191,145,000 in the previous year[8]. - The company reported a profit from discontinued operations of HKD 88,926,000, down from HKD 237,152,000, representing a decline of approximately 62.5%[161]. - The company's profit for the year ended June 30, 2020, was HKD 783,249,000, a decrease of 9.5% compared to HKD 865,194,000 in 2019[168]. Assets and Liabilities - Total assets reached HKD 15,181,752,000, with total liabilities of HKD 10,856,529,000 as of June 30, 2020[8]. - The company’s cash flow from operating activities showed a positive trend, supporting ongoing investments in technology and market expansion[7]. - Cash holdings as of June 30, 2020, were HKD 402 million, while long-term bank loans amounted to HKD 5.816 billion, resulting in net bank loans increasing by 26% year-on-year[26]. - As of June 30, 2020, the group's debt ratio was 202%, which would be 126% if excluding the HKD 3.3 billion long-term unsecured shareholder loan from Sun Hung Kai Properties[27]. - The company’s total liabilities decreased to HKD 9,401,288,000 in 2020 from HKD 6,139,625,000 in 2019, an increase of 53.7%[164]. Dividends - Proposed final dividend of HKD 0.175 per share for the year ended June 30, 2020, subject to approval at the annual general meeting[13]. - The company declared a final dividend of HKD 668,013,000 for the year, compared to HKD 610,866,000 in 2019, indicating an increase of 9.2%[166]. Data Center Operations - Data center operations demonstrated strong resilience, with increased demand for network connectivity driven by the shift to virtual communication during the COVID-19 pandemic[13]. - MEGA-i data center ranked first in Hong Kong for network connectivity, with over 14,000 fiber optic interconnections facilitating seamless data communication[13]. - Cloud service applications have started to take off in Hong Kong, with increasing demand for data center space and cloud services due to rising data storage needs[14]. - Two new data center projects, TWTL 428 and TKOTL 131, expected to double total floor area to approximately 2.8 million square feet, enhancing market leadership[16]. - TKOTL 131 project will support at least 120 MW of ultra-high IT load capacity, tripling the total IT load capacity across all data centers[16]. Executive Compensation - The chairman, Mr. Guo, received a director's fee of HKD 60,000 for the fiscal year ending June 30, 2020, with annual reviews based on contributions and performance[29]. - The vice chairman, Mr. Feng, received a director's fee of HKD 52,500 for the fiscal year ending June 30, 2020, with similar annual reviews based on contributions and performance[31]. - The company reported a total compensation of approximately HKD 9,245,000 for the CEO, including a director's fee of HKD 52,500 for the fiscal year ending June 30, 2020[32]. - The company emphasizes the importance of market compensation levels and individual contributions in determining executive remuneration[32][35]. Corporate Governance - The group has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations[120]. - The board of directors is responsible for evaluating the group's performance and prospects in a balanced and clear manner, ensuring accurate financial reporting[132]. - The company has established appropriate operational, planning, and financial monitoring systems under the CEO's leadership[127]. - The independent non-executive directors have reviewed the continuing connected transactions and confirmed they were conducted on normal commercial terms and in the overall interest of shareholders[110]. Risk Management - The company has established a risk management policy to effectively identify, assess, mitigate, report, and monitor key business risks across all business units[141]. - The impact of COVID-19 on construction project timelines is a significant risk, potentially disrupting local supply chains[142]. - Cybersecurity threats are a major concern, with potential impacts on network performance and service delivery commitments[142]. - The audit committee and management have reviewed the effectiveness of the risk management and internal control systems for the fiscal year ending June 30, 2020, finding them adequate and effective[144]. Shareholder Communication - The company is committed to maintaining high levels of transparency and effective communication with shareholders[146]. - The company ensures compliance with securities regulations regarding the disclosure of inside information, maintaining confidentiality until public disclosure is feasible[145]. - The company has committed to enhancing communication with investors and potential investors, regularly meeting analysts and participating in investor meetings[149]. Stock Options and Shares - The company granted 12,950,000 stock options under the 2012 plan on June 17, 2020[78]. - The total number of stock options available for exercise at the end of the fiscal year was 28,030,000[79]. - The company has a maximum limit of 10% of its issued shares that can be granted under the 2012 stock option plan, which equates to 224,592,953 shares, representing approximately 9.64% of the issued share capital[81]. Financial Reporting Standards - The company adopted HKFRS 16 "Leases" for the first time, replacing HKAS 17 "Leases" and related interpretations[176]. - The application of HKFRS 16 did not have a significant impact on the consolidated financial statements for the year ended June 30, 2020[182]. - The group recognizes revenue upon the transfer of control of goods or services to customers, with specific performance obligations determining the timing of revenue recognition[193].

Financial Performance - For the period from July 1, 2019, to December 31, 2019, the revenue from continuing operations was HKD 818,620,000, an increase from HKD 728,611,000 in the same period of 2018, representing a growth of 12.3%[5] - The EBITDA for the data center business reached HKD 566,456,000, up from HKD 464,380,000 in the same period of 2018, indicating a growth of 22.0%[5] - The profit attributable to shareholders for the period was HKD 409,738,000, compared to HKD 411,487,000 in the same period of 2018, showing a slight decrease of 0.4%[5] - The company reported a pre-tax profit of HKD 380,560,000, which is a 5.4% increase from HKD 361,152,000 in the same period of 2018[5] - The basic profit attributable to shareholders, excluding fair value gains from investment properties, was HKD 335,486,000, compared to HKD 321,487,000 in the same period of 2018, reflecting a growth of 4.3%[5] - Revenue for the period rose by 12% to HKD 818.6 million, primarily driven by growth in the data center business from new customer contracts and existing customer revenue growth[7] - The operating profit for the period was HKD 401 million, an increase compared to the same period last fiscal year[7] - The total comprehensive income for the period was HKD 409,173,000, compared to HKD 411,018,000 in the previous year[48] - The company reported a profit of HKD 409,738,000 for the six months ended December 31, 2019, compared to HKD 411,487,000 for the same period in 2018, showing a slight decrease of 0.4%[52] Operational Developments - The flagship data center MEGA Plus in Tseung Kwan O continues to attract new customers, indicating strong demand in the market[6] - The company has made progress in the development projects in Tseung Kwan O and Tsuen Wan, which are expected to meet future customer demand growth[6] - The company is focused on expanding its advanced data center facilities to meet the growing future demands of customers[6] - The acquisition of the MEGA Two data center facility was completed in November 2019, enhancing infrastructure and service quality[9] - The group is developing a new land project (TKOTL 131) adjacent to MEGA Plus, which will provide approximately 1.2 million square feet of floor area[9] - The group is also expanding its data center capacity in Tsuen Wan with the TWTL 428 project, adding approximately 200,000 square feet of floor area[9] - The optimization project for the MEGA-i facility will increase power capacity by up to 40% and is expected to be completed by the end of the year[9] - The group anticipates continued demand for data center services despite macroeconomic uncertainties, positioning itself to seize market opportunities[10] - The company continues to focus on expanding its data center and IT service offerings, which are key growth areas for future revenue generation[82] Financial Position and Debt - The group’s net debt increased to HKD 91.287 billion, with a debt ratio of 220% as of December 31, 2019[8] - The group reported a net bank loan of approximately HKD 53.402 billion as of December 31, 2019, an increase of 25% from HKD 42.849 billion on June 30, 2019[17] - The group's debt ratio was 220% as of December 31, 2019, which would be 136% if excluding a long-term unsecured shareholder loan of HKD 33 billion from Sun Hung Kai Properties[17] - The company has secured a HKD 30 billion five-year revolving loan from banks to refinance short-term bank loans and fund several data center projects[17] - The company drew down unsecured bank loans totaling HKD 1,070,000,000 during the period, compared to HKD 582,750,000 in the previous year, reflecting an increase of 83.6%[104] - The total value of unsecured bank loans on the balance sheet reached HKD 5,828,731,000 as of December 31, 2019, compared to HKD 4,752,701,000 as of June 30, 2019, marking a rise of 22.6%[105] Cash Flow and Liquidity - Net cash generated from operating activities for the six months ended December 31, 2019, was HKD 650,282,000, an increase from HKD 389,340,000 in the same period of 2018[55] - Net cash used in investing activities for the same period was HKD (878,854,000), compared to HKD (368,936,000) in the prior year[55] - Net cash generated from financing activities was HKD 249,268,000, a significant improvement from HKD (54,084,000) in the previous year[55] - The net increase in cash and cash equivalents was HKD 20,696,000, compared to a decrease of HKD (33,680,000) in the same period last year[55] - The group reported a current liability exceeding current assets by HKD 2,547,440,000 as of December 31, 2019, prompting a review of liquidity sources[56] - The financial report indicates a focus on maintaining liquidity and exploring additional financing options due to the current asset-liability situation[56] Corporate Governance and Management - The company has established a strong leadership team with extensive experience in various sectors, including real estate and technology[24][25][26] - The company emphasizes performance-based remuneration for its directors, which is reviewed annually[22] - The board reviews the annual salary and discretionary bonuses based on the company's operational performance and the directors' contributions[25][26] - The audit committee consists of four members, including three independent non-executive directors, ensuring adherence to corporate governance standards[147] - The company confirmed full compliance with the corporate governance code during the six-month period, with only one absence at the annual general meeting[149] Shareholder Information - The total number of shares held by directors and senior management as of December 31, 2019, included significant holdings such as 13,272,658 shares by Guo Jihong, representing 0.57% of the issued shares[133] - Guo Binglian held 524,543,429 shares in Sun Hung Kai Properties, accounting for 18.10% of the issued shares as of December 31, 2019[135] - Guo Jihong's total shareholding in Sun Hung Kai Properties was 651,408,101 shares, representing 22.48% of the issued shares[135] - The company reported that Guo Binglian and Guo Jihong are beneficiaries of certain discretionary trusts, impacting their reported shareholdings[136] Acquisitions and Investments - The company completed the acquisition of Branhall Investments for a total consideration of HKD 2,242,534,000 on November 6, 2019, which primarily engages in property investment[111] - The acquisition resulted in the recognition of non-current assets valued at HKD 2,251,900,000 and current assets of HKD 50,519,000, with total liabilities of HKD 45,152,000[112] - The cash consideration paid for the acquisition was HKD 2,215,390,000, with additional direct costs of HKD 1,900,000 capitalized into property, plant, and equipment[113] - The company completed the acquisition of STT Limited for a total consideration of HKD 65,000,000, with the main asset being a leasehold land in Hong Kong[115] - The company sold its subsidiary Riderstrack Development Limited for a total consideration of HKD 1,053,568,000, with the main asset being investment properties in Hong Kong[118] Regulatory Compliance - The company's financial review was conducted by Deloitte, confirming compliance with Hong Kong Accounting Standards[45] - The interim results for the six months ended December 31, 2019, were unaudited but reviewed by Deloitte, confirming compliance with Hong Kong accounting standards[146]

Financial Performance - The company's profit attributable to shareholders for the fiscal year ending June 30, 2019, was HKD 865.2 million, an increase of 11%[20] - The underlying profit, excluding other income, rose by 10% to HKD 670.2 million, an increase of HKD 58.7 million[20] - EBITDA increased by 20% year-on-year to HKD 1.0564 billion[20] - Total revenue for the fiscal year was HKD 1.6251 billion, compared to HKD 1.3648 billion in 2018[17] - The operating profit for the fiscal year was HKD 434.5 million, compared to HKD 394.7 million in 2018[12] - The company reported a pre-tax profit of HKD 521.9 million for the fiscal year[14] - The group reported a revenue increase to HKD 8.052 billion, driven by a 19% growth in data center business revenue, primarily from new customer contracts and existing customer revenue growth[21] - EBITDA increased by HKD 1.794 billion, with data center EBITDA rising 22% to HKD 10.070 billion[21] - The company reported a total sales contract value of approximately HKD 145.2 million for ultra-low voltage and ICT systems in the fiscal year[28] - The company reported a profit of HKD 865,194,000 for the year, which is an increase from HKD 776,373,000 in the previous year, marking a growth of about 11.4%[160] Assets and Liabilities - The total assets as of June 30, 2019, were HKD 13.6365 billion, up from HKD 7.0939 billion in 2018[17] - The total liabilities increased to HKD 9.4454 billion from HKD 3.1662 billion in 2018[17] - The company’s total assets as of June 30, 2019, amounted to HKD 10,330,770,000, an increase from HKD 6,147,634,000 in 2018, representing a growth of approximately 68%[159] - The total liabilities were reported at HKD 6,139,625,000, compared to HKD 2,219,899,000 in 2018, reflecting a significant rise of approximately 176%[159] Cash Flow and Financing - The group has cash holdings of approximately HKD 467.8 million and total bank loans of HKD 4.7527 billion, resulting in a debt-to-equity ratio of 103%[21] - The company held cash of approximately HKD 467.8 million as of June 30, 2019, with net loans totaling approximately HKD 4.2849 billion, an increase of 182% year-on-year[29] - The company’s borrowings increased to HKD 2,180,153,000 from HKD 1,983,333,000, reflecting a rise of approximately 10%[159] - Financing activities generated a net cash inflow of HKD 5,375,235,000, compared to HKD 412,683,000 in the previous year, indicating a substantial increase in financing[162] Dividends - The board proposed a final dividend of HKD 0.165 per share, up from HKD 0.151 per share in the previous fiscal year[21] - The company reported a final dividend of HKD 0.165 per share for the year ending June 30, 2019, an increase from HKD 0.151 per share in 2018, totaling HKD 0.165 for the full year[57] - The company's dividend policy aims to provide stable dividend distributions, contingent on financial performance, capital needs, future investment plans, cash flow, and overall business and economic conditions[57] Operational Expansion - The company operates over 280,000 square feet of data center space and has 11 operational data centers[9] - The group is expanding its data center capacity with new land acquisitions (TWTL 428 and TKOTL 131) to meet rising customer demand for high-quality facilities[23] - MEGA-i expansion is progressing well, aimed at providing more data center facilities and power supply to meet increasing customer demand[22] - The company is constructing two new data centers that will add a total of 1.4 million square feet of floor area to its portfolio[27] - The company is expanding its MEGA-i facility to provide more rack space and increase power supply to meet rising demand from new and existing customers[27] Governance and Leadership - The company emphasizes its commitment to environmental, social, and governance practices in line with Hong Kong Stock Exchange regulations[23] - The company has established a service contract with the Executive Director since March 1, 2003, which continues to be effective, reflecting long-term commitment[39] - The company emphasizes performance-based remuneration, with bonuses determined by operational performance and individual contributions[38] - The company has established committees for audit, remuneration, and nomination, enhancing its corporate governance structure[50][51] - The board consists of 14 members, including the chairman, three executive directors, five non-executive directors, and five independent non-executive directors[111] Risk Management - The company has implemented a risk management policy to effectively identify, assess, mitigate, report, and monitor key business risks across all business units[134] - Major risks identified include cybersecurity threats, project progress in data center services, competitive pressures, and talent retention challenges[135] - The audit committee and management reviewed the effectiveness of the risk management and internal control systems for the fiscal year ending June 30, 2019, and found them to be effective and sufficient[137] Compliance and Regulations - The company faced various legal compliance requirements, including the Employment Ordinance and the Personal Data (Privacy) Ordinance, emphasizing the importance of regulatory adherence[59] - The company has implemented specific resources for internal controls and approval processes to ensure compliance with applicable laws and regulations[59] - The company has adopted revised and restated articles of association to align with relevant regulations and reflect changes from transferring its listing from the Growth Enterprise Market to the Main Board[144] Accounting and Financial Reporting - The company has adopted new accounting standards, including HKFRS 15, which did not have a significant impact on the financial performance for the year[169] - The company recognizes revenue upon the transfer of control of goods or services to customers, in accordance with HKFRS 15[193] - Revenue is confirmed over time based on the output method, measuring the value of goods or services transferred relative to the total promised[194] - The company recognizes short-term employee benefits as expenses when the employee provides the service[200]

Financial Performance - The company reported a revenue increase of 18% to HKD 760.015 million for the six months ending December 31, 2018, compared to HKD 641.365 million in the same period last year[5]. - The operating profit rose by HKD 37.6 million to HKD 394.671 million, with EBITDA increasing by 19% to HKD 488.961 million[6]. - The net profit attributable to shareholders was HKD 411.487 million, reflecting a 5% increase from HKD 392.174 million year-on-year[5]. - The company reported a profit attributable to shareholders of HKD 411.5 million for the first half of 2018, benefiting from the growth in its core data center business[9]. - The company reported a total comprehensive income of HKD 411,018,000 for the period, compared to HKD 391,098,000 in the previous year, an increase of 5.1%[37]. - The net profit for the period was HKD 411,487,000, representing a significant increase compared to the previous year's profit of HKD 392,174,000, which is an increase of approximately 4.9%[41]. - The basic earnings per share increased to 10.17 HK cents, up from 9.70 HK cents, marking a 4.8% growth[35]. - The company achieved a profit before tax of HKD 477,428,000 for the same period, after accounting for unallocated corporate expenses and financial costs[72]. Assets and Liabilities - The company held cash of approximately HKD 432.3 million and long-term bank loans of HKD 2.5687 billion as of December 31, 2018[6]. - Total assets as of December 31, 2018, were HKD 6,834,240,000, compared to HKD 6,308,534,000 as of June 30, 2018, indicating a 8.3% increase[38]. - Current liabilities increased to HKD 1,158,698,000 from HKD 946,299,000, representing a 22.4% rise[38]. - The company’s total liabilities exceeded its current assets by HKD 282,808,000 as of December 31, 2018, indicating a need for careful liquidity management going forward[45]. - The company reported a total of HKD 1,030,548,000 in business and other payables as of December 31, 2018, compared to the previous period[89]. Debt and Financing - The debt-to-equity ratio, calculated based on net loans relative to shareholders' equity, was 57%[6]. - The company has secured a six-year unsecured loan of HKD 3.8 billion from Sun Hung Kai Properties for future investments[10]. - The company raised bank loans totaling HKD 582,750,000 during the period, with total outstanding unsecured bank loans at approximately HKD 2,568,699,000 as of December 31, 2018, up from HKD 1,983,333,000 on June 30, 2018[92]. Business Growth and Investments - The data center business saw significant growth, with EBITDA rising 22% to HKD 465.869 million[6]. - The company successfully acquired a site in Tseung Kwan O for a new data center, expected to double its total floor area to approximately 2.8 million square feet[6]. - The company plans to continue investing in enhancing existing facilities and expanding the high-end data center MEGA-i to meet growing customer demand[6]. - The company is actively investing in existing and new infrastructure to drive long-term business development, with a total data center area expected to reach approximately 2.8 million square feet after the completion of new projects[9]. Governance and Management - The company has a governance committee that includes the vice chairman as a member[13]. - The company has established service contracts for its executives that require annual review and are subject to performance evaluations[16]. - The board of directors comprises four executive directors and ten non-executive directors, ensuring a diverse governance structure[120]. - The company emphasizes the importance of independent oversight in its governance structure[26][27][28][29]. Revenue Recognition and Accounting Standards - The company adopted HKFRS 15, which replaced HKAS 18 and HKAS 11, impacting revenue recognition from contracts with customers[48]. - The application of HKFRS 15 did not have a significant impact on the timing and amount of revenue recognized for the six months ended December 31, 2018[51]. - The group recognizes expected credit losses (ECL) for financial assets, including business receivables and contract assets, under HKFRS 9, with the amount updated at each reporting date to reflect changes in credit risk since initial recognition[60]. Shareholding and Stock Options - The company has a stock option plan that allows for options to be exercised after specific time frames, with a total of 19,420,000 options remaining as of December 31, 2018[112]. - The total number of shares held by major shareholders, including Sunco Resources Limited and HSBC Trustee, exceeds 1.7 billion shares, indicating significant ownership concentration[116]. - The company has not granted any stock options under the 2012 stock option plan during the six months ending December 31, 2018[111]. Employee and Talent Management - The company has hired 262 full-time employees as of December 31, 2018, and continues to focus on talent retention and development[11]. - The company’s management compensation amounted to HKD 5,846,000 during the period, compared to HKD 4,342,000 in the previous year[96].