VIANET GROUP PLC (VNET) — Full Year Results

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04312-1b89-78d0-a767-410c440e81f5 Created: 2026-08-27T11:54:55.538Z Duration: 1776.605 Channels: 1 00:00:01.520 -- 00:00:03.439 Good morning, ladies and gentlemen, and welcome to 00:00:03.439 -- 00:00:05.759 the VIANET GROUP PLC Full Year Results Investor 00:00:05.759 -- 00:00:06.560 Presentation. 00:00:06.879 -- 00:00:08.720 Questions are encouraged. They can be submitted at 00:00:08.720 -- 00:00:09.920 any time via the Q and A tab 00:00:09.920 -- 00:00:11.679 that's just situated on the right hand corner 00:00:11.679 -- 00:00:13.519 of your screen. Please just simply type in 00:00:13.519 -- 00:00:14.880 your questions and press send. 00:00:15.474 -- 00:00:16.835 The company may not be in a position 00:00:16.835 -- 00:00:18.355 to answer every question it receives during the 00:00:18.355 -- 00:00:20.355 meeting itself. However, the company can review all 00:00:20.355 -- 00:00:22.595 questions submitted today and will publish those responses 00:00:22.595 -- 00:00:24.035 where it's appropriate to do so on the 00:00:24.035 -- 00:00:25.634 Investor Meet company platform. 00:00:25.794 -- 00:00:27.710 Before we begin, we would just like submit 00:00:27.710 -- 00:00:29.150 the following poll. If you could give that 00:00:29.150 -- 00:00:31.070 your kind attention, I'm sure the company would 00:00:31.070 -- 00:00:32.750 be most grateful. And I would now like 00:00:32.750 -- 00:00:34.190 to hand you over to the executive management 00:00:34.190 -- 00:00:37.150 team from VIANET GROUP PLC. James, good morning, 00:00:37.150 -- 00:00:37.629 sir. 00:00:38.030 -- 00:00:40.270 Yes. Good morning, everyone, and thanks for joining 00:00:40.270 -- 00:00:40.430 us. 00:00:41.165 -- 00:00:43.324 I will kick straight into the re...