Reasons for and benefits of entering into the Internet Data Centre Transactions. The Group operates carrier-class Internet data centres and provides the equipment and facilities leasing services in Hong Kong, Macau, mainland China and overseas. Data centre business represents a strategic focus in the Group’s future business development. It is considered that the Internet Data Centre Transactions are consistent with the commercial objectives of the Group and fall within the core business of the Group. The Directors consider that the entering into of the Internet Data Centre Transactions would further strengthen the Group’s position as a provider of the information technology services in Hong Kong and mainland China. The Directors (including the independent non-executive Directors) consider that the Internet Data Centre Transactions are entered into in the ordinary and usual course of business of the Group, on normal commercial terms after arm’s length negotiations, which is fair and reasonable and in the interests of the Company and its shareholders as a whole.
