1H16 results first take - record margins boosts profits Lifting PT to HK$6.5: Feedback from investor meetings – some stabilization and return to growth 1H16 results beat by 5% Analyst briefing takeaway FX losses and higher tax rate drag down the profits One of your core holdings in the China auto space Further rental enhancement expected New PT of HK$11.2-Stable growth for core rental fleet 2Q16 overall a strong quarter: Broadband, EBITDA and earnings growth the bright spots; mobile growth slowdown, though 自有品牌业务录得增长，渠道建设加快