ASIA SATELLI stages lower-than-expected business; usage

rate of Satellite NO.2 expected to drop to 60%

Asia Satellite Telecommunications Holdings (1135) management revealed to the securities circle that the satellite leasing business was not as optimistic as what was forecast in the first quarter and many clients delayed the signing of leasing agreements. The usage rate of the Satellite NO.2 is expected to decline from 67% to 60%.

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