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The reason firm, the temperate will,

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"Yes, yes, but we shall like it also to-morrow, hi, hi, hi!"The experience of Hobbes differs both in origin and application from either of these. With him, sensible impressions are not a court of appeal against traditional judgments, nor yet are they the ultimate elements into which all ideas may be analysed; they are the channels through which pulsating movements are conveyed into the mind; and these movements, again, represent the action of mechanical forces or the will of a paramount authority. And he holds this doctrine, partly as a logical consequence of his materialism, partly as a safeguard against the theological pretensions which, in his opinion, are a constant threat to social order. The authority of the political sovereign is menaced on the one hand by Papal infallibility, and on the other by rebellious subjects putting forward a claim to supernatural inspiration. To the Pope, Hobbes says: You are violating the law of Nature by professing to derive from God what is really given only by the consent of men, and can only be given by them to their temporal head,the right to impose a particular religion. To the Puritan, he says: Your inward illumination is a superstitious dream, and you have no right to use it as a pretext for breaking the kings peace. Religion has really nothing to do with the supernatural; it is only a particular way of inculcating obedience to the natural conditions of social union.Returning to our more immediate subject, we must observe that the Pythagoreans did not maintain, in anticipation of modern quantitative science, that all things are determined by number, but that all things are numbers, or are made out of numbers, two propositions not easily distinguished by unpractised thinkers. Numbers, in a word, were to them precisely what water had been to Thales, what air was to Anaximenes, the absolute principle of existence; only with them the idea of a limit, the leading inspiration of Greek thought, had reached a higher degree of abstraction. Number was, as it were, the exterior limit of the finite, and the interior limit of the infinite. Add to this that mathematical studies, cultivated in Egypt and Phoenicia for their practical utility alone, were being pursued in Hellas with ever-increasing ardour for the sake of their own delightfulness, for the intellectual discipline that they supplieda discipline even12 more valuable then than now, and for the insight which they bestowed, or were believed to bestow, into the secret constitution of Nature; and that the more complicated arithmetical operations were habitually conducted with the aid of geometrical diagrams, thus suggesting the possibility of applying a similar treatment to every order of relations. Consider the lively emotions excited among an intelligent people at a time when multiplication and division, squaring and cubing, the rule of three, the construction and equivalence of figures, with all their manifold applications to industry, commerce, fine art, and tactics, were just as strange and wonderful as electrical phenomena are to us; consider also the magical influence still commonly attributed to particular numbers, and the intense eagerness to obtain exact numerical statements, even when they are of no practical value, exhibited by all who are thrown back on primitive ways of living, as, for example, in Alpine travelling, or on board an Atlantic steamer, and we shall cease to wonder that a mere form of thought, a lifeless abstraction, should once have been regarded as the solution of every problem, the cause of all existence; or that these speculations were more than once revived in after ages, and perished only with Greek philosophy itself.
ONE:

Guiding our corporate vision for success

HKBN is steered by a Board of Directors that intermingles a range of expert abilities for visionary thinking. Our board consists of eight Directors, comprising two Executive Directors, three Non-executive Directors and three Independent Non-executive Directors.

Bradley Jay HORWITZ
Bradley Jay HORWITZ
Chairman and Independent Non-executive Director

Bradley Jay HORWITZ was appointed as the Chairman and an Independent Non-executive Director of the Company on 6 February 2015. In 2005, Mr. Horwitz founded Trilogy International Partners and has served as president and chief executive officer since it was established.

Bradley Jay HORWITZ was appointed as the Chairman and an Independent Non-executive Director of the Company on 6 February 2015. In 2005, Mr. Horwitz founded Trilogy International Partners and has served as President and Chief Executive Officer since it was established. Trilogy International Partners was established to acquire wireless international assets in Haiti and Bolivia and to develop additional international wireless assets, primarily in South America and the Caribbean. Prior to establishing Trilogy International Partners, Mr. Horwitz served as President of Western Wireless International, having founded the company in 1995 while also serving as an Executive Vice President of Western Wireless Corporation. Previously, he was a founder and Chief Operating Officer of SmarTone Mobile Communications Limited. Mr. Horwitz graduated from San Diego State University, U.S. with a Bachelor of Science Degree in 1978.

William YEUNG
Chu Kwong YEUNG (William YEUNG)
Executive Director

Chu Kwong YEUNG is the Executive Vice-chairman of the Group and an Executive Director of the company. Mr. Yeung joined the Group in October 2005 as Chief Operating Officer and became Executive Vice-chairman in September 2018.

Chu Kwong YEUNG is the Executive Vice-chairman of the Group and an Executive Director of the company. Mr. Yeung joined the Group in October 2005 as Chief Operating Officer, responsible for overseeing customer engagement, relationship management and network development. In November 2008, he was appointed as Chief Executive Officer and became Executive Vice-chairman in September 2018. Prior to joining the Group, Mr. Yeung was Director of Customers Division at SmarTone Mobile Communications Limited, and served as a police inspector with the Hong Kong Police Force. Mr. Yeung holds a Bachelor of Arts Degree from Hong Kong Baptist University, a Master of Business Administration Degree from the University of Strathclyde, U.K., and a Master of Science Degree in Electronic Commerce and Internet Computing from The University of Hong Kong. Mr. Yeung was recognised as Champion of Human Resources by The Hong Kong HRM Awards 2010. Mr. Yeung is one of our proud Co-Owners.

Ni Quiaque LAI (NiQ LAI)
Ni Quiaque LAI (NiQ LAI)
Executive Director

Ni Quiaque LAI (NiQ LAI) is the Chief Executive Officer of the Group, and an Executive Director of the company. Mr. Lai joined the Group in May 2004. He has rich experience in the telecommunications, research and finance industries, and is passionate about developing HKBN Talents because he believes if you get the people right, the company will do great. Prior to joining the Group, Mr. Lai was an analyst and the Director and Head of Asia Telecom Research for Credit Suisse, where he was involved in numerous global fund raising initiatives for Asian telecom carriers.

Ni Quiaque LAI (NiQ LAI) is the Chief Executive Officer of the Group, and an Executive Director of the company. Mr. Lai joined the Group in May 2004. He has rich experience in the telecommunications, research and finance industries, and is passionate about developing HKBN Talents because he believes if you get the people right, the company will do great. Prior to joining the Group, Mr. Lai was an analyst and the Director and Head of Asia Telecom Research for Credit Suisse, where he was involved in numerous global fund raising initiatives for Asian telecom carriers. Mr. Lai holds a Bachelor of Commerce Degree from the University of Western Australia, and an Executive Master of Business Administration Degree from Kellogg-HKUST, Hong Kong. He is a Fellow member of the Hong Kong Institute of Certified Public Accountants (HKICPA) and CPA Australia. In March 2016, he was recognised as Best CFO by FinanceAsia Survey of Asia's Best Companies 2016 (Hong Kong). Mr. Lai is one of our proud Co-Owners.

Deborah Keiko ORIDA
Deborah Keiko ORIDA
Non-executive Director

Deborah Keiko ORIDA was appointed as a Non-executive Director and a member of the Nomination Committee of the Company on 20 November 2015. Ms. Orida is the Senior Managing Director & Global Head of Active Equities at Canada Pension Plan Investment Board (“CPPIB”), a substantial shareholder (as defined in Part XV of the Securities and Futures Ordinance) of the Company.

Deborah Keiko ORIDA was appointed as a Non-executive Director and a member of the Nomination Committee of the Company on 20 November 2015. Ms. Orida is the Senior Managing Director & Global Head of Active Equities at Canada Pension Plan Investment Board (“CPPIB”), a substantial shareholder (as defined in Part XV of the Securities and Futures Ordinance) of the Company. Ms. Orida joined CPPIB in 2009 in Toronto and has held senior leadership roles, including Managing Director, Head of Relationship Investments International, covering Europe and Asia, and was most recently Managing Director and Head of Private Equity Asia. Ms. Orida is responsible for leading Active Fundamental Equities, Relationship Investments, Thematic Investing, Fundamental Equities Asia and Sustainable Investing. Prior to joining CPPIB, Ms. Orida was an investment banker at Goldman Sachs & Co. in New York and Toronto where she advised management teams and boards on mergers and acquisitions and financing transactions. Prior to Goldman Sachs & Co., Ms. Orida was a securities lawyer at Blake, Cassels & Graydon in Toronto. Ms. Orida previously served on the Board of Directors of Nord Anglia Education and the Board of Directors of the Investment Committee of the Bridgepoint Health Foundation and was the Chair of the Board of Directors of Vitalhub Corp., a mobile healthcare startup company. Ms. Orida holds a Master of Business Administration from The Wharton School and a Bachelor of Laws and a Bachelor of Arts from Queen’s University, Canada.

Zubin Jamshed IRANI
Zubin Jamshed IRANI
Non-executive Director

Zubin Jamshed IRANI was appointed as a Non-executive Director, a member of the Audit Committee and a member of Remuneration Committee of the Company on 30 April 2019. Mr. Irani is a Partner with TPG Capital and leads the Asia Operations Group. He brings over 20 years' experience in building strong teams, driving performance and managing change within businesses.

Zubin Jamshed IRANI was appointed as a Non-executive Director, a member of the Audit Committee and a member of Remuneration Committee of the Company on 30 April 2019. Mr. Irani is a Partner with TPG Capital and leads the Asia Operations Group. He brings over 20 years' experience in building strong teams, driving performance and managing change within businesses. At TPG Capital, Mr. Irani has worked in the consumer, healthcare, financial services, telecom and technology sectors. Prior to TPG Capital, Mr. Irani was with United Technologies Corporation ("UTC") where he led the business in India which included Carrier Air-conditioning and Refrigeration, Otis Elevators and UTC Fire & Security. Mr. Irani started his career at McKinsey & Company and worked in the Cleveland, Detroit, Copenhagen and Mumbai offices, serving several multi-national clients with a focus on automotive, industrial and post merger management. Mr. Irani holds a Masters in Materials Science and Engineering from Massachusetts Institute of Technology, U.S. and a Bachelor of Technology in Materials Engineering from Indian Institute of Technology Kanpur, India.

Teck Chien KONG
Teck Chien KONG
Non-executive Director

Teck Chien KONG was appointed as a Non-executive Director and a member of the Nomination Committee of the Company on 30 April 2019. Mr. Kong is a Partner at MBK Partners and is based in Hong Kong. With extensive investment experiences in both the telecommunication and media industries, he has led MBK Partners’ investments in WTT Holding Corp, China Network Systems Co., Ltd. and Gala TV Corp.

Teck Chien KONG was appointed as a Non-executive Director and a member of the Nomination Committee of the Company on 30 April 2019. Mr. Kong is a Partner at MBK Partners and is based in Hong Kong. With extensive investment experiences in both the telecommunication and media industries, he has led MBK Partners’ investments in WTT Holding Corp, China Network Systems Co., Ltd. and Gala TV Corp. Prior to MBK Partners, Mr. Kong spent five years at Carlyle Asia Partners, where he was Vice President and co-head of the Singapore office, and three years in the investment banking division at Salomon Smith Barney in New York and Hong Kong. Mr. Kong currently serves on the Board of Directors of Apex International Corporation, Teamsport Topco Limited and Siyanli Co. Ltd., and has experience serving on Board of Directors of Beijing Bowei Airport Support Limited, China Network Systems Co., Ltd., Gala TV Corp., GSE Investment Corporation, Luye Pharma Group Ltd and WTT HK Limited. Mr. Kong holds a Bachelor of Business Administration from the University of Michigan Business School, U.S., and has completed an executive management programme at Harvard Business School, U.S..

Stanley CHOW
Stanley CHOW
Independent Non-executive Director

Stanley CHOW was appointed as an Independent Non-executive Director of the Company on 6 February 2015. Mr. Chow has over 21 years of experience as a corporate lawyer in Hong Kong and Canada, including more than 18 years of expertise in dealing with the Stock Exchange's Listing Rules during his time in private practice and as a senior manager at the Stock Exchange's Listing Division.

Stanley CHOW was appointed as an Independent Non-executive Director of the Company on 6 February 2015. Mr. Chow has over 21 years of experience as a corporate lawyer in Hong Kong and Canada, including more than 18 years of expertise in dealing with the Stock Exchange's Listing Rules during his time in private practice and as a senior manager at the Stock Exchange's Listing Division. Mr. Chow was a partner in the Hong Kong office of Latham & Watkins, an international law firm, from March 2009 to February 2014. Prior to joining Latham & Watkins, Mr. Chow practised law with Allen & Overy, from November 1996 to January 2009 where he was a partner in its Hong Kong office for over 8 years. As a corporate lawyer in Hong Kong, Mr. Chow has advised on a broad range of corporate finance and mergers and acquisitions transactions. Prior to his time in private practice, he was a senior manager in the Stock Exchange's Listing Division from May 1995 to October 1996 and also practised law with Canadian law firms in Hong Kong and Canada. Mr. Chow is a member of The Law Society of Hong Kong's Company Law Committee and was admitted as a solicitor in Hong Kong in 1995 and in England and Wales in 1994. He was also admitted as a barrister and solicitor in British Columbia, Canada in 1994 and in Ontario, Canada in 1991. Mr. Chow graduated from Queen's University, Canada with a Bachelor of Commerce (Honours) Degree and holds a Juris Doctor from the University of Toronto, Canada.

Quinn Yee Kwan LAW
Quinn Yee Kwan LAW, SBS, JP
Independent Non-executive Director

Quinn Yee Kwan LAW, SBS, JP, was appointed as an Independent Non-executive Director of the Company on 6 February 2015. Mr. Law currently serves as the Deputy Chairman of Professional Conduct Committee of the Hong Kong Institute of Certified Public Accountants, and is an advisor of the Hong Kong Business Accountants Association.

Quinn Yee Kwan LAW, SBS, JP, was appointed as an Independent Non-executive Director of the Company on 6 February 2015. Mr. Law currently serves as the Deputy Chairman of Professional Conduct Committee of the Hong Kong Institute of Certified Public Accountants, and is an advisor of the Hong Kong Business Accountants Association which he was previously the Director and the Vice President of such Association. Mr. Law is currently an Independent Nonexecutive Director of Bank of Tianjin Co., Ltd. (stock code:1578) and ENN Energy Holdings Limited (stock code: 2688), both of which are listed on the Main Board of the Stock Exchange. From 1 August 2012 to 31 July 2018, Mr. Law was a council member cum Audit Committee Chairman at the Hong Kong University of Science and Technology. From 1 March 2008 to 28 February 2013, Mr. Law was the Deputy Chairman and the Managing Director of the Urban Renewal Authority, a statutory organisation in Hong Kong. Mr. Law is a Fellow of the Hong Kong Institute of Certified Public Accountants and is also a Fellow of the Association of Chartered Certified Accountants. He was admitted as an Associate of the Institute of Chartered Secretaries and Administrators on 11 November 1980. In view of Mr. Law’s experience in reviewing or analysing audited financial statements of private and public companies, the Directors believe that Mr. Law has the appropriate accounting or related financial management expertise for the purposes of Rule 3.10 of the Listing Rules.

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"We'll sit in the hall," said Lawrence. "We'll take it for granted that the owner is a hospitable man, and permit ourselves the luxury of tobacco."48So far we have followed the evolution of Platos philosophy as it may have been effected under the impulse of purely theoretical motives. We have now to consider what form was imposed on it by the more imperious exigencies of practical experience. Here, again, we find Plato taking up and continuing the work of Socrates, but on a vastly greater scale. There was, indeed, a kind of pre-established harmony between the expression of thought on the one hand and the increasing need for its application to life on the other. For the spread of public corruption had gone on pari passu with the development of philosophy. The teaching of Socrates was addressed to individuals, and dealt chiefly with private morality. On other points he was content to accept the law of the land and the established political constitution as sufficiently safe guides. He was not accustomed to see them defied or perverted into instruments of selfish aggrandisement; nor, apparently, had the possibility of such a contingency occurred to him. Still less did he imagine that all social institutions then existing were radically wrong. Hence the personal virtues held a more important place in his system than the social virtues. His attacks were directed230 against slothfulness and self-indulgence, against the ignorant temerity which hurried some young men into politics before their education was finished, and the timidity or fastidiousness which prevented others from discharging the highest duties of citizenship. Nor, in accepting the popular religion of his time, had he any suspicion that its sanctions might be invoked on behalf of successful violence and fraud. We have already shown how differently Plato felt towards his age, and how much deeper as well as more shameless was the demoralisation with which he set himself to contend. It must also be remembered how judicial proceedings had come to overshadow every other public interest; and how the highest culture of the time had, at least in his eyes, become identified with the systematic perversion of truth and right. These considerations will explain why Greek philosophy, while moving on a higher plane, passed through the same orbit which had been previously described by Greek poetry. Precisely as the lessons of moderation in Homer had been followed by the lessons of justice in Aeschylus, precisely as the religion which was a selfish traffic between gods and men, and had little to tell of a life beyond the grave, was replaced by the nobler faith in a divine guardianship of morality and a retributive judgment after deathso also did the Socratic ethics and the Socratic theology lead to a system which made justice the essence of morality and religion its everlasting consecration.So far we have spoken as if Plato regarded the various false polities existing around him as so many fixed and disconnected types. This, however, was not the case. The present state of things was bad enough, but it threatened to become worse wherever worse was possible. The constitutions exhibiting a mixture of good and evil contained within themselves the seeds of a further corruption, and tended to pass into the form standing next in order on the downward slope. Spartan timocracy must in time become an oligarchy, to oligarchy would succeed democracy, and this would end in tyranny, beyond which no further fall was possible.125 The degraded condition of Syracuse seemed likely to be the last outcome of Hellenic civilisation. We know not how far the gloomy forebodings of Plato may have been justified by his197 own experience, but he sketched with prophetic insight the future fortunes of the Roman Republic. Every phase of the progressive degeneration is exemplified in its later history, and the order of their succession is most faithfully preserved. Even his portraits of individual timocrats, oligarchs, demagogues, and despots are reproduced to the life in the pages of Plutarch, of Cicero, and of Tacitus.Aristotle next takes the Idea of Substance and subjects it to a fresh analysis.243 Of all things none seem to possess so evident an existence as the bodies about usplants and animals, the four elements, and the stars. But each of these344 has already been shown to consist of Form and Matter. A statue, for instance, is a lump of bronze shaped into the figure of a man. Of these two constituents, Matter seems at first sight to possess the greater reality. The same line of thought which led Aristotle to place substance before the other categories now threatens to drive him back into materialism. This he dreaded, not on sentimental or religious grounds, but because he conceived it to be the negation of knowledge. He first shows that Matter cannot be the real substance to which individuals owe their determinate existence, since it is merely the unknown residuum left behind when every predicate, common to them with others, has been stripped off. Substance, then, must be either Form alone or Form combined with Matter. Form, in its completest sense, is equivalent to the essential definition of a thingthe collection of attributes together constituting its essence or conception. To know the definition is to know the thing defined. The way to define is to begin with the most general notion, and proceed by adding one specific difference after another, until we reach the most particular and concrete expression. The union of this last with a certain portion of Matter gives us the individual Socrates or Callias. There are no real entities (as the Platonists pretend) corresponding to the successive stages of generalisation, biped, animal, and so forth, any more than there are self-existing quantities, qualities, and relations. Thus the problem has been driven into narrower and narrower limits, until at last we are left with the infim? species and the individuals contained under them. It remains to discover in what relation these stand to one another. The answer is unsatisfactory. We are told that there is no definition of individuals, and also that the definition is identical with the individual.244 Such, indeed, is the conclusion necessarily resulting from Aristotles repeated declarations that all knowledge is of345 definitions, that all knowledge is of something really existing, and that nothing really exists but individual things. Nevertheless, against these we have to set equally strong declarations to the effect that knowledge is of something general, not of the perishing individuals which may pass out of existence at any moment. The truth is, that we are here, as Zeller has shown,245 in presence of an insoluble contradiction, and we must try to explain, not how Aristotle reconciled it with itself, for that was impossible, but how he reconciled himself to it.Balmayne sat there without a word. He had no feeling, no sense of shame.
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