HGC Environmental Electric believes in "survival of the fittest" and is unafraid of China Mobile's acquisition of Hong Kong Broadband. It continues to expand its fiber optic layout in Southeast Asia to seek growth

HGC Global Communications CEO Guo Yongbang stated that after Hong Kong Broadband was acquired by China Mobile, the industry landscape may change, but HGC believes in "survival of the fittest" and will continue to maintain its positioning. HGC's market positioning is different from that of Hong Kong Broadband, primarily serving international corporate clients and expanding its fiber optic layout in Southeast Asia. Guo Yongbang expressed confidence in the Communications Authority's antitrust regulation and stated that HGC is not afraid of price wars in the home broadband market. HGC is investing in fiber optic infrastructure in the Philippines and plans to expand its hubs in Southeast Asia. CFO Jiang Weijie mentioned that the refinancing progress is smooth, and the debt ratio will significantly decrease