Good evening, and welcome to the HKT 2026 interim results webcast. Presenting today is Ms. Susanna Hui, Group Managing Director, and Mr. Patrick Poon, Chief Financial Officer. We will start with the presentation, followed by Q&A. With that, let me turn it to Susanna. Thank you, Michael. Good evening. Thank you for attending the briefing for our HKT interim results for 2026. Let's start with a little bit of the macro environment in Hong Kong. Obviously, we see that the macro is improving a bit with the GDP growth being quite firm in the first quarter at around 5.9%, and for the second quarter forecast to be around 3%- 4%. Full-year forecast by government is around 2.5%- 3.5%. The overall, I think the sentiment has improved. In terms of the visitors to Hong Kong, the momentum is very positive. Arrivals has increased by 13% year-on-year in the first half, and this has contributed to our inbound roaming revenue, as you can see later on. We also obviously see that the capital market activity is vibrant with a lot of IPOs in Hong Kong, and this, in fact, marking the strongest first half in five years. That also means that the finance sector, including all the banks and insurance and other finance companies, would be more willing to invest and upgrade their infrastructure, their system, and so on. Last but not least, the government policy is very supportive of not just finance but also technology. Continue to push into AI, digital infrastructure, and innovation. At the same time, obviously, there are still external risks, with the tension in the Middle East area continuing. Interest rate in the U.S. is still higher for longer. There is this domestic change in terms of a spending pattern which affects the local retail business, especially the SMEs. Against this backdrop, we are very pleased to report that HKT has demonstrated financial resilience in the first half. For the H1, we have delivered 8% growth in terms of top line, which is contributed by 8% growth in terms of the enterprise business, 3% growth in the broadband business, and 5% growth in our Mobile Services revenue. Overall, EBITDA and AFF grow by 3% accordingly. As a result, I am very pleased to share that the board has approved an interim distribution of HKD 0.348 per share, which is a 3% increase as compared to the interim dividend of 2025. I would very much like to use this opportunity to, of course, share with you this very important message about HKT under this AI era. What is our position, what is our strategic imperative? I'm sure that you all agree with me, HKT owns the unparalleled network, obviously, the multi-distribution channels, and a very trusted customer relationship. We do think that we are right now sitting at the right spot in the right industry in capturing growth on the AI boom. I'll be sharing more in terms of the following slides. Under this AI era, our strategic imperative is to basically build a central position within the AI ecosystem, harnessing on our existing assets and capabilities to provide additional levers of growth, but with caution to avoid the CapEx capital intensity like other AI companies globally in the value chain. You can see here in this slide, what we are trying to convey here is that we will be monetizing via the three roles, namely the infrastructure provider, the AI aggregator, the AI enabler. Key, of course, is based on the network infrastructure, which we have already invested in the past many years, the full territory-wide 100G coverage across Hong Kong. Obviously, recently, we have also upgraded to provide up to 100G capacity in the data center clusters, CBD area, industrial areas across the region. This future-proof fiber network stands to benefit from the surging capacity requirements arising from this AI data center booms that we see here in Hong Kong and in the region. From hyperscalers to AI labs, from DC operators to landlords. As an aggregator, what we are trying to do is to leverage on our trusted relationship with our consumer and enterprise customers. We are positioning ourselves as Hong Kong's number one AI operator, delivering unified solution of seamless, intuitive, and secure AI experience to both consumer and enterprise. Indeed, to this end, we launched the HKT. AI platform yesterday which provides a one-stop access to a broad suite of prominent AI models and agents, and a collection of curated AI tools to SMEs that will help them for the AI adoption and drive efficiency. Finally, the upper layer is our AI enabler, which obviously fall under the enterprise business as well. By way of utilizing and leveraging our own internal AI deployments, which we have obviously been sharing with you in terms of the OpEx savings and so on in different areas such as contact centers, operation centers, cybersecurity, and different areas, we are able to leverage on this experience to scale up customized AI power solutions for the corporate customers. Let me go on to elaborate more on each of the areas. First and foremost is the super cycle of the AI data centers that is very evident in China, in Hong Kong, in Southeast Asia and in the U.S. This AI boom in Hong Kong is spurring demand for fixed fiber and the DC interconnect. The AI boom in the region also increased demand for subsea cable, which is required to connect the regional data centers. Our extensive network infrastructure across Hong Kong that connects to Chinese Mainland, as well as overseas through our submarine cable network, which is under our PCCW Global, is obviously well-equipped to support the expected exponential capacity increase. Furthermore, we are in active discussions with data center operators and hyperscalers, whether it's China and from other countries, to identify priority routes to expedite the deployment of hollow core fibre, which is a new technology, in order to unleash the exascale AI power that is required for distributed AI training and inference workloads between data center clusters in Hong Kong, in GBA area, and indeed across oceans. This is particularly important for areas which require ultra-high speed, ultra-low latency, industry like high frequency stock trading and so on. Let me share with you our three-year plan. We are currently building the 3.2Tbps AI data center interconnect superhighway. Phase 1 will be to connect the key data center clusters in the loop in the northern part of Hong Kong to the data center clusters in the south, in Tseung Kwan O area, which should be completed by the end of 2026 this year. Phase 2 is to extend this to the east and west of Hong Kong from Fo Tan to Kwai Chung data center clusters by 2027, with the final Phase extended to the super-computing center in Sandy Ridge cluster in 2028. This is an overlay, which will be riding on our existing infrastructure of the 100G and 800G network. The incremental CapEx of this particular layer will be pre-funded by the anchor customers. In fact, we have already secured more than HKD 100 million contract value with a lot of active pipelines in discussion. Moving on to the consumer side, we just launched the HKT. AI yesterday. This is a consumer and prosumer-facing portal providing a single unified subscription access to multiple prominent third-party AI models in the market through an existing secure HKT account, rather than users juggling multiple AI subscriptions and payment methods. This will help users better manage the cost with one single trusted HKT payment relationship. Just as important, it would also avoid sharing sensitive personal data to multiple third parties. We would also provide single storage for all the outcomes and information and history derived from the different AI apps stored in one single place for easy retrieval and future reference. You would ask, how is it different from OpenRouter, from other apps that provide different models? I think the key is the trust that we have and the payment gateway that we have already built with our customers, also in terms of the bundling capability. For instance, we can bundle this compelling AI package with our core plan. Obviously our HKT. AI also has a lot more localized element, which will be useful for the consumer side in terms of for parents' education, for history, for many other lifestyle uses. Not only will customer loyalty and stickiness be stronger, but also driving ARPU uplift and thereby providing our next growth lever, increasing the customer lifetime value. It is not just selling tokens. Within the HKT. AI, we are also targeting the underserved SME segment with curated toolkits to assist them with different aspects of the business process. The idea is to have accounting agent, HR agent, and a marketing agent, and so on. Initially, we are providing marketing agent, customer support, and cybersecurity. More and more features will be added, and customized tools under different verticals will also be added in the next phase. The aim is to provide the SMEs with the resources to access the full AI technology stack with reasonable cost. Central to our AI adoption is the omni-channel human-in-the-loop support, which includes training, maintenance, and even on-site initial installation, and of course, 7x24 human hotline support. Instead of selling just connectivity, we are now selling intelligence. We are now selling solutions. We are not selling tokens. We are selling outcome. Lastly, the enabler role. Over the past few years, we have been sharing with you that we have actively deployed AI internally across areas such as customer support, network intelligence, and cybersecurity, and so on. These have yielded significant process and cost efficiency, which have been reflected in the OpEx savings. Now is the time to monetize this and contribute to the AI revenue. We are using this real-life deployment experience to develop customized solutions with multimodal capabilities to support enterprise in terms of the AI transformation. It is not an easy task at all because we do go through all the system upgrade, all the data lake restructuring, and so on, and all the streamlining of business process, which are required before you can even talk about AI deployment. We are right now developing a lot of tailored solutions to various industry use case and business priorities. The key differentiator, again, is not just to give you an AI model. We are providing field support. We are providing specific area of deployment, change management, and even integration management. As such, we are confident that this will add to the growth of our enterprise business going forward, and HKT can therefore capture the AI boom economics. Now, with the AI imperative set, we can now go back to our key business lines for the first half one by one. First is on the Mobile business. Our services revenue growth continue to be robust at around 5% in the first six months, driven by the net addition of our subscribers of 44,000 in the first six months to a total postpaid subscriber base of 3.5 million. Our premium brand, 1O1O, together with csl, also grew by 2% for the period and reflecting an all-time low churn rate of 0.6% despite the competition in place in the Hong Kong market. Roaming revenue sustained its growth with a 8% expansion, driven by the impressive growth of inbound roaming of 28%, as I said just now, contributed by the increase in terms of visitors in Hong Kong, and a 11% growth in outbound consuming roaming made possible by our continuous drive in terms of roamer penetration on our base, which increased from 69% - 73% as at June end. This is again made possible by our Golden Roaming service, which cover 10 popular travel destination, providing priority access to golden spectrum of our 13 roaming partners. During the period, we have added two additional destination, which is Indonesia and Vietnam. Meanwhile, uptake of our 5G postpaid plans continued, with penetration increasing to over 62%, and our 5G subscribers growing by 16% year-on-year to 2.2 million. AI use, we have seen, has driven data usage. Our newly launched HKT.AI service is expected to drive up further. In terms of the mobile network, we are focusing on deploying AI tools, agentic AI, to help us do the network optimization, facilitate troubleshooting for better customer experience, which is especially important in terms of the mega events with crowded audience. We have also been enhancing coverage and capacity, particularly in the key strategic locations with heavy user traffic along the MTR network, important rural locations, and so on. Next is our broadband business. Demand remained robust, driven by increasing capacity requirement, high quality, stable broadband required from gamers, from traders, night traders, AI-powered workloads, et cetera. Therefore, we are pleased to report accelerating uptake of our 2500M service, which increased by 68% to 129,000, representing almost a 12% penetration of our fiber subscribers. We are expecting that this penetration will continue to increase, which is important because it drives an ARPU uplift of an average of HKD 70 per user. Now, as a testament to our leading fiber network, we are pleased to share that we were once again recognized by Ookla as the most consistent fixed network in Hong Kong, as well as the best and fastest network, not just in Hong Kong, but also in East Asia. For our Now TV, obviously, the highlight is the exclusive World Cup rights. Our live sports strategy delivered very strongly, and we see the World Cup driving robust customer take-up, achieving very successful sales conversion, particularly in the consumer market. We saw that in terms of the World Cup passes, averaging around HKD 800- HKD 900 per pass, actually registered an 18% increase in terms of the passes sold as compared to the last round of World Cup in 2022. This further cements Now TV's position as a home of sports. Especially pleased is that we have now renewed our broadcasting right for English Premier League, including the FA Cup, through to the 2030 and 2031 season. An interesting fact to share is that 20% of our World Cup pass buyers and viewers, they are new to HKT. They are new HKT customers. This is a very encouraging fact because it provides opportunities for further cross-selling, further upselling of our other sports passes, be it EPL, be it football, be it Formula 1, be it tennis, all these packages, and also obviously including other HKT lines of service. Beyond live sports, Now TV's broad entertainment offering also reinforces our position as home for entertainment. 2,800 films across genres and languages, premium drama series, and one-stop access to leading global streaming services to further deepen engagement and convenience. This strong content portfolio drove 3% expansion in the Now TV customer base, particularly through OTT growth and rising multi-device viewing. Again, we see that maintaining the engagement with our customer is very important to us. So we, obviously, whether it's in terms of the AI model, whether it's in terms of all the different content providers, we will position ourselves as the aggregator. So much for the consumer side. On the enterprise side, despite the cautious spending environment of the overall business world, we did maintain a positive multi-year trend with 8% revenue growth and HKD 2.2 billion in new project wins in the first half. This is driven by expanding demand across both public and private sectors, rising AI-led requirements for full-stack digital infrastructure, and a market backdrop that remains obviously mixed but broadly supportive in selected verticals, such as banking and insurance, utility providers, healthcare. This coming slide show the initial AI project wins which we have, including contact center solution, which we have deployed internally for ourselves, and then we on sold to an insurance company and to other banks, providing agent assist, AI case summary, and knowledge bots. We have also another example of multimodal AI solution to analyze the video contacts for compliance purposes. Not to mention the very important critical AI security operation centers that we provide for banking and the finance sector. Last but not least, the government demand is emerging as another AI growth lever, with early wins secured across multiple pilot use case, including tender evaluation, data handling, and so on. We admit that individual use case, in terms of the contract size, is not huge yet. We do expect to see government AI adoption move from pilot use case to broader deployment. They have a government AI efficiency committee formed to drive this. We do see that this will create a very clear runway for further demand, which will help contribute to our AI revenue going forward. Beyond government wins, we are also seeing renewed momentum in the financial sector, where customers are accelerating infrastructure upgrades and workplace transformation to improve productivity. Without mentioning names, that slide, the total four contracts from the finance sector total about HKD 150 million contract value, it's quite significant. Into the new verticals, we are also extending our capabilities using our infrastructure and our technology strengths to deliver digital transformation. You see that it is another large public hospital 5G project which we have started, also quite substantial in terms of contract amount. There is another 5G advanced network infrastructure for a CBD commercial deployment in Central. Another big network for a Hong Kong power utility company, which obviously have been benefiting from the AI data center build. A network supporting digital transformation for a very sizable retail network in Hong Kong. Again, all of these are sizable contracts. Meanwhile, in terms of our China business, we have seen China revenue maintaining a top-line growth of 6%. This is basically two way. One is on our continuous efforts in supporting the expansion of the Hong Kong enterprises and MNCs going into GBA and broader Chinese Mainland market, such as a global chemical company going into China, requiring all the different connectivity and so on, as well as Chinese Mainland companies coming into Hong Kong. You can see JD.com coming into Hong Kong, entering the retail scene, providing a lot of areas in terms of connectivity service to us. At the same time, we also see Macau a big growth area with all the big names trying to build integrated resorts, scaling their non-gaming entertainment, and MICE investments, therefore creating multi-years of recurring demand in digital and smart value, venue infrastructure, cybersecurity, physical surveillance, and guest experience kind of projects. Our international business. PCCW Global has been benefiting from Chinese AI-driven data center expansion into the Southeast Asia, which creates a new growth tailwind for the sub-sea cable business. We saw revenue derived from such AI companies, especially from the Chinese, increase by more than 50% for the first half. We will continue to invest in these submarine cables in a very prudent and measured ways to capitalize on the growth, but with confirmed demand from our customers. Next slide is our loyalty platform, The Club. We continue to increase our members to around 4 million, this is now converted into a data-rich, AI-powered marketing engine. It is not just for e-commerce. It is our loyalty platform using a lot of social listening and persona intelligence for concise audience segmentation, for faster content ideation and higher effectiveness, enabling us to move from broad-based campaigns to targeted insight-led activation. Our omni-channel capability with personalized and video-centric customer journeys are very relevant to improve conversion. This capability we are now offering to our 2,000+ merchant community on this platform through our recently launched AI CMO service. Again, this is a new source of revenue. Over to our Tap & Go service, revitalizing the service by providing the first to market with a pay safe Single Use Card, specifically designed for agentic e-commerce and AI payments. These cards will have a number of unique features, including single-use expiry, customizable spending limit, short validity period in order to protect our users from online shopping scams, minimize the chance of stolen card details, and to protect from losses arising from agentic rogue. You know that agentic go rogue all the time nowadays. That again, hopefully, will be another source of AI revenue. In terms of our telehealth service, we are also continuing to expand our offering portfolio. We have recently introduced a DrGo One Wellness subscription service to turn the pay by use into recurring subscription revenue. We have also added a new feature, DrGo Travel Pass, which offers the convenience of accessing video doctor consultation while you are abroad, including when you are in a GBA area or when you are overseas. Popular Hong Kong destination, not global yet, but in the popular Hong Kong travel destination with medication delivery to your hotel doors, with complimentary worldwide insurance coverage, as well as 7/24 emergency support. We see early positive signs on this. Last but not least, a slide on ESG. Our approach to ESG starts with people. It is about using tech responsibly to create measurable impact for people, business, communities. From AI-enabled education via our AI Academy, our workforce reskilling, to efforts to digital fraud prevention, alongside our disciplined environmental stewardship through energy efficiency, waste diversion, EV initiatives, and sustainable financing. We also participated in a lot of community programs, including Strive and Rise Programme for the local youth, supporting regional talent exchange through scholarship to students from Kazakhstan, in support of the Belt and Road Initiative to study in Hong Kong. These collective efforts have been recognized with an A rating in the MSCI ESG ratings and a top-ranked result in the GSMA Intelligence Green Network Index. On that note on ESG, I will pass the floor to Patrick, our CFO, to share with you the financials. Thank you, Susanna. Let me first recap our key financial notes for the first six months 2026. Our AFF continued to deliver solid growth of 3% year-on-year to $338 million. Total revenue grew 8% to almost HKD 2.4 billion, service revenue report a 3% growth to HKD 2.16 billion. The service revenue growth was driven by the robust demand for our local data services in the enterprise segment, as well as the continued growth in Mobile Service revenue from 5G customer base expansion, also sustained roaming growth. Our EBITDA for the period was up by 3% to HKD 844 million, and service EBITDA margin was kept steady at 39%. Our NPAT grew by 4% to HKD 276 million. Now, let's go into the segment details. TSS segment first. From the chart on the right-hand side, you can see our local TSS revenue grew by 3% year-on-year, underpinned by the continued growth in local data and broadband revenues. Local data revenue achieved a robust 8% growth year-on-year, attributable to the continued strong demand for our end-to-end connectivity solutions powered by 5G AI technologies, IoT cloud, cybersecurity, and data analytics, et cetera, across both public and private enterprises. Coupled with a 6% year-on-year growth in our China business. Our broadband service revenue registered another year of 3% growth, driven by the increasing demand for our high-speed, ultra-low latency, reliable fiber services. Our 2,500M service customer base grew 68% year-on-year, bolstered by the prevailing use of digital entertainment, hybrid work, smart home applications, and smart devices with AI power services. Escalating bandwidth requirement on our secure and reliable network infrastructure for these evolving digital activities. As a result, total local data service deliver a solid 6% growth. Pay TV services grew 1%, with Now OTT customers growing by 18% year-on-year, benefiting from the exclusive broadcast right of the FIFA World Cup 2026™. Our local TSS revenue expanded by 3%. Our international business revenue grew steadily by 2% year-on-year, driven by the increased global data and wholesale voice revenue, and also the growing demand for our cloud connectivity, that is the Console Connect services. Overall, total TSS revenue increased by 3% to HKD 1.66 billion. TSS EBITDA grew 2% to HKD 578 million, fueled by further operating efficiency improvement, leading to a stable EBITDA margin at 35%. Now, let's turn to our Mobile business. Mobile Service revenue rose by another 5% year-on-year to HKD 563 million, underpinned by an 8% increase in total roaming revenue, contributed by an 11% growth in consumer outbound roaming and a surge in inbound roaming driven by increased visitor arrivals to Hong Kong. Secondly, further expansion of our postpaid customer base to 3.52 million, with a net gain of 44,000 year-on-year. Of which 5G customer base grew 16% year-on-year, reaching to 2.2 million, now representing more than 62% of our total postpaid customer base. Also growing demand for mobile solutions for enterprise customers deploying 5G and IoT technologies. Mobile Services EBITDA grew 5% year-on-year to HKD 324 million, with a stable 58% service EBITDA margin. Product sales grew by 83% to HKD 238 million, steered by higher demand of latest flagship handset model, also further support by The Club's digital ecosystem capability, which provide customers with a convenient digital shopping experience. Including handsets sales, total mobile EBITDA grew 5% year-on-year to HKD 325 million. Let's have a closer look at our operating efficiency, the OpEx. We attained an overall 4% OpEx savings for the first half, down from HKD 246 million- HKD 238 million, with OpEx to revenue ratio improving to below 10%, of 9.9%. AI initiative continued to generate remarkable productivity and efficiency while delivering cost saving through the reshaping of our business workflows, in particular, the frontline sales and customer service functions, as well as the network management. The group kept on enhancing operating efficiency via the ongoing efforts in streamlining business process, workforce optimization, and IT platform modernization. Apart from OpEx, we also keep on exercising cautious control over CapEx. Our total CapEx for the first six months was lower to HKD 134 million, representing a 3% year-on-year saving. The CapEx to revenue ratio further improved from 6.2%- 5.6%. Mobile CapEx registered a 2% saving to HKD 45 million, reflecting the efficiency gain from capacity upgrade and network maintenance. TSS CapEx was lower by 3% to HKD 81 million, with investments largely to support the growing demand for our integrated fixed mobile solutions for enterprise customer as well as AI-related network infrastructure. To capture the AI-driven future demand, of course, we will plan to make further investment in fiber and subsea cable capacity. To echo what Susanna has mentioned, such investment will be pre-funded and supported by anchor customers and won't bring any burden to the group CapEx in future. The next is AFF. AFF EBITDA and CapEx line had been covered just now. CAC and license fee increased by HKD 15 million- HKD 103 million, mainly due to more CAC to support our growing base of mobile, broadband, and pay TV customers. Payment for right of use asset being the rental payments which were reduced by HKD 14 million- HKD 77 million and almost fully offset the increase in the CAC. Operating AFF before tax finance cost grew by 5% year-on-year to HKD 494 million. Benefiting from the downward trend of market interest rate, mainly the HIBOR, payment for finance cost decreased by 2% to HKD 96 million. Tax payment increased to HKD 57 million, which include a payment defer from last year and to the first half this year. Together with the decrease in the working capital requirement driven by the collection of project payment upon completion, the overall AFF for the first six months 2026 grew by 3% year-on-year to $338 million, translating into an interim distribution of HKD 0.348 per SSU. For the P&L, the income statement here, we have covered from revenue to EBITDA lines. Depreciation and amortization increased to HKD 382 million, of which depreciation decreased, reflecting our continued effort in managing down CapEx in recent years. Amortization increase attributable to higher fulfillment costs incurred for enterprise project and AI investments. As explained, our P&L finance cost decreased by 13% to HKD 98 million, driven by lower market interest rate. Income tax expense was stable at HKD 53 million, with effective tax rate steady at around 15%. Profit for the period increased by 4% to HKD 306 million. The NPAT attributable to SSU holders grew by 4% to HKD 276 million after sharing the profits to the non-controlling interests. Turning to our gearing position. Including the receipt of HKD 209 million from the selling of additional interest in our passive network business for debt repayment, pro forma gross debt at end June 2026 was HKD 5.97 billion as compared to HKD 5.74 billion at the end of last year. Pro forma net debt at the end of June was HKD 5.55 billion as compared to HKD 5.43 billion at the end of last year. Corresponding gross debt and net debt to EBITDA ratio was 3.22x and 3.0x respectively. As of today, we have around HKD 2.9 billion total liquidity, including undrawn banking facilities of around HKD 2.45 billion and HKD 414 million cash on hand. We continue to carrying an investment-grade rating at BBB or Baa2. We had repaid the HKD 750 million bond in July, being refinanced by a 10-year, $650 million bond issued in June. There is no imminent need of refinancing this year. Our latest proportion of fixed to floating rate, that is approximately 50/50, after the repayment of the HKD 750 million bond. Our balance fixed and floating rate makes to minimize the adverse impact from interest rate fluctuation. Our effective interest rate dropped to 3.75%, and the average debt maturity is now approximately 3.4 years. This ends my presentation. Thank you. Thanks, Patrick. Let us open up to questions. The first question is, what impact do you expect that AI-related initiatives will have on HKT's financials? Thank you for your question. I am sure that some of you might have concern on the cost that is related to our AI-related initiatives. I can tell you very firmly that basically, in terms of the, just now we talk about the infrastructure, the fiber, and even the subsea cable and so on. It is basically mostly pre-funded by our customers. These are not network-wide upgrade. It is specific for specific use, required by specific customers who are willing to pay a deposit and upfront payment. That would not provide a lot of pressure on our CapEx. That is number one. Number two is that you have already seen one of the impact is that we have been able to reduce the OpEx. Overall, I think a fuller benefit will be able to be achieved in the coming years. There is still a lot of potential. The reason is that all the while, we talk about deployment of AI, indeed, it is not a easy exercise. Especially for a company with a lot of history, with a big customer base, with a numerous number of systems, and numerous business lines. We have recently just completed what we call internally the slaying of the dragon. It is the dragon system switch off, which is a mainframe system. You can understand that in parallel run, we have been incurring costs for the legacy system, as well as investing in the new system. Such has been reflected in the, Patrick said, in the increased amortization, because we have already started the new system production. Now, there will be increased costs. That offset part of the OpEx savings that we have seen. Going forward, the full benefit will be reflected. Now, some companies talk about exponential growth in terms of token cost, which is running out of control. We have not, because we have tight control on the token cost. Indeed for this, we have built a sort of internal walled garden comprising obviously different AI models. One is for security, and number two is to control the tokens being used, and we do have the benefit of a lot lower costs from the Chinese AI models. In terms of the AI revenue being generated, of course, the corresponding investment, we are not investing into buying land and build data center. There will be no huge CapEx there. We are not investing into buying computing, buying GPUs. There will not be huge CapEx. We are not investing into what we call the mechanical, the electricity, and the cooling, whatever, that is required for the AI data centers. No huge CapEx there. Suffice is to say that, I think we will stand to benefit from the revenues that we have. I have personally, earlier on, shared, which is the three layers. I hope that I can give you a lot of assurance from that point. Thank you. Okay, next question is, could you identify the main sources of revenue growth that you expect to rise from increased AI adoption? Obviously, we have taken great lengths to explain that. Number 1 is the fiber revenue. Just now, as we said, the fixed fiber, in terms of capacity, whether it's custom built or whether it's stock fiber, or whether it's recurring use of the fiber by way of hyperscalers, by way of DC operators and so on, is increasing. Also the AI DC connect is also increasing. We will be able to see significant revenue from that part. There will be another specific growth in terms of subsea capacity, which can be lumpy in the sense that if we have significant new subsea cable in production, we can immediately recognize the IRU revenue on top of the recurring ARR. Now also, I think on the enterprise side, we'll be able to see more growth from the different AI-related revenue, and also all the digital upgrade revenue as well from the enterprise side, whether it's government or whether it's quasi-government or whether it's private. Because at the end of the day, in order for one company to deploy AI, you do need to upgrade your system. That's why it is not just AI transformation. You need to upgrade the AI, the original legacy system, and so on. Indeed, we see a lot of banks are in the process of doing that, and I'm sure that you know as well. I'm sure that some of you from banks will be able to share the pain of migrating to new systems. All of these will be able to benefit from the underlying connectivity and also cabling, and also different revenue on our business side. Consumer side, I have also shared with you just now. It's early days. We have just launched. I can't emphasize more in terms of the importance of keep engagement with your customers, because we are the trusted providers, and I think it is very important for us to be able to aggregate all of these AI services and be the one-stop shop for our consumers. This will be able to drive the ARPU. Going forward, it will not be just price competition. It will be providing the intelligence into consumers' different use in life, and also obviously the SME side as well. I think it's rather interesting and exciting period for us. Early days, the whole team is very much passionate, very excited. We have AI steering committee. We have all the new product committee basically coming out with different ideas and so on in order to capitalize and gain a share in the current AI boom. Next question is, do you expect that you can exceed the 8% growth in Enterprise revenue for the full year in 2026? Full year of 2026, the Enterprise revenue. Okay. For the first half, we have 8%, and I do think that we have a very strong pipeline depending on the completion progress and so on. I think definitely we'll be able to maintain, if not exceed, this 8% for full year. The next question is, could you share some color on the competitive landscape of both the mobile and broadband market right now? It's same old, same old story. Never change, right? In terms of the mobile, we still have so many players, and in terms of broadband, it is also the same number of players. Obviously there is still competition. There is still price competition. It has not worsened. Hopefully, it will not worsen. I think all of us are very rational people. I think all of us are towards providing good services, quality services, helping our customers, whether it's consumer, individuals, or whether it's companies, enterprises, and so on. We do not want to compete just on price. We are adding more value adding onto it. I can't see any consolidation eliminating number of players. I think everybody is acting in a same way, in a rational way. We just keep monetizing, improving ourself, enhancing ourself. There is no deterioration. Hopefully, what I said just now would not trigger any price war. I respect all the players, and they are all very respectable, rational players who are looking at their P&L and responsible to their stakeholders. I do think that it is a good place to be right now. Thank you. That was the final question. Thank you friends who attended this evening. Thank you