HONG KONG SAR – Media OutReach – 6 September 2022 – Henderson Sunlight Asset Management Limited (the “Manager“) announces the final results of Sunlight REIT for the year ended 30 June 2022 (the “Year“).
Despite global inflationary pressures and a fierce fifth wave of COVID-19 infections, Sunlight REIT’s net property income (“NPI“) for the Year still registered a mild improvement of 0.4% from the preceding year to HK$641.9 million. Annual distributable income dropped a slight 1.7% to HK$431.1 million, reflecting a moderate increase in interest expenses during the Year.
The Board has resolved to declare a final distribution of HK 12.8 cents per unit. Together with an interim distribution of HK 12.2 cents per unit, the total distribution per unit for the Year would amount to HK 25.0 cents. The implied payout ratio is 97.4%, compared with 97.5% for FY2020/21. Based on the closing price of HK$3.65 on the last trading day of the Year, the distribution yield was 6.8%.
At 30 June 2022, the value of Sunlight REIT’s property portfolio was appraised by the principal valuer Note at HK$18,095.2 million, representing a decrease of 1.3% from a year ago. As a result, its net asset value was down marginally by 0.5% to HK$14,051.4 million, or HK$8.36 per unit.
Operating Highlights
The overall portfolio of Sunlight REIT recorded an average occupancy rate of 94.7% at 30 June 2022 (30 June 2021: 93.7%), with the office and retail portfolios registering occupancy rates of 94.8% (30 June 2021: 92.4%) and 94.5% (30 June 2021: 96.5%) respectively. In light of the uncertain global business environment, however, average rental reversion for the Year was negative at 5.2%, while average passing rents of the office and retail portfolios were HK$35.1 per sq. ft. and HK$67.6 per sq. ft. at 30 June 2022, down 4.4% and 4.0% respectively from a year ago.
In respect of the performance of major properties, Dah Sing Financial Centre maintained a relatively stable occupancy rate of 91.4% at 30 June 2022 while its NPI registered a year-on-year improvement of 4.6% to HK$178.4 million. For the retail portfolio, Sheung Shui Centre Shopping Arcade reported a lower occupancy rate of 92.9% and a mild 2.1% decline in NPI to HK$139.5 million. Gratifyingly, NPI of the Metro City Phase I Property was up 1.7% to HK$135.4 million for the Year, despite a drop in its occupancy rate to 94.6%.
The Manager has continued to actively pursue the sustainability agenda of Sunlight REIT. In particular, substantial inroad has been made into green building certification, as nearly 80% of the properties under management have been given recognition by BEAM Society Limited at 30 June 2022. Meanwhile, a total of HK$1,300 million in sustainability-linked loans were concluded during the Year, increasing such proportion to over 60% of Sunlight REIT’s total borrowings.
Mr. Au Siu Kee, Alexander, Chairman of the Manager said,” Considering the onslaught of multiple shocks both at home and abroad throughout the Year, the performance of Sunlight REIT should be deemed solid. Against a fast-evolving external environment, we will keep increasing the capability of Sunlight REIT to stand strong in the face of adversities. With great stamina and teamwork, we will strive to craft a brighter future.”
Note : CBRE Limited
Remarks: Attached financial highlights of FY2021/22 final results of Sunlight REIT.
Financial Highlights of FY2021/22 Final Results:
(in HK$’ million, unless otherwise specified)
2022
2021
Change (%)
For the year ended 30 June:
Revenue
802.9
799.3
0.5
Net property income
641.9
639.7
0.4
Profit/(loss) after taxation Note
102.9
(233.7)
N/A
Annual distributable income
431.1
438.3
(1.7)
Distribution per unit (HK cents)
25.0
25.6
(2.3)
Payout ratio (%)
97.4
97.5
N/A
At 30 June:
Portfolio valuation
18,095.2
18,341.7
(1.3)
Net asset value
14,051.4
14,124.3
(0.5)
Net asset value per unit (HK$)
8.36
8.45
(1.1)
Gearing ratio (%)
23.3
23.0
N/A
Note: Included a fair value loss of investment properties of HK$263.9 million (versus a fair value loss of HK$605.2 million for the year ended 30 June 2021).
Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.
Hashtag: #SunlightREIT
The issuer is solely responsible for the content of this announcement.
About Sunlight REIT
Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission, and constituted by the amended and restated trust deed dated 10 May 2021 (the “Trust Deed“). It offers investors the opportunity to invest in a diversified portfolio of 11 office and five retail properties in Hong Kong with a total gross rentable area of over 1.2 million sq. ft.. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.
About the Manager
The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.
SINGAPORE – Media OutReach – 6 September 2022 – Bybit, one of the world’s fastest-growing crypto exchanges, will list DLC, the utility token of Diamond Launch, on Bybit Launchpad 2.0.
Diamond Launch is an initial digital asset offering (IDO) protocol and a multi-chain IDO distribution platform. To provide a secure environment for all investors who access the Diamond Launch ecosystem, Diamond Launch has implemented a strict Know Your Customer (KYC) process to prevent dangerous and deceptive actors from accessing the platform. Moreover, Diamond Launch offers an inclusive and low barrier to entry to incentivise and reward all token holders. In this way, users can easily access the platform and join token pre-sales.
Bybit will host the initial exchange offering for DLC on the Bybit Launchpad 2.0, a freshly revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for Sept. 15.
DLC joins a list of web3 initiatives debuting on Bybit’s intuitive platform for promising crypto projects. Bybit Launchpad 2.0 gives users early access to some of the most sought-after tokens in the space. Bybit users can commit BIT to subscribe to token allocations, or participate in Launchpad 2.0’s new lottery model where users stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens. Users can also buy the best performing tokens from previous listings via the Launchpad.
Diamond Launch offers flexible sales types and whitelisting conditions for BNB Smart Chain , Polygon, and OKX. Diamond Launch has its own community, which includes Twitter, Telegram, Medium, and other platforms. Hashtag: #Bybit
About Bybit
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
DUBAI, UNITED ARAB EMIRATES – Media OutReach – 6 September 2022 – Bybit, one of the world’s fastest growing cryptocurrency exchanges, has entered partnership with SignalPlus, a leading enterprise technology company offering options trading for digital and crypto assets, to provide a next level trading experience for Bybit users.
As the first of its kind between a cryptocurrency exchange with SignalPlus, this partnership entails the development of a customized options-centric dashboard platform built for professional options traders seeking to access global liquidity and optimize their trades, and an AI-powered options trading robot that can fully automate market making and risk hedging by SignalPlus. Tailor-made for Bybit users, these features aim to enable traders in maximizing their capital efficiency with their unified margin accounts.
Bybit remains the only exchange to offer USDC options trading and settlement, which allows users to trade crypto options conveniently using USDC, without the need to buy or own the underlying crypto asset. Furthermore, Bybit has recently expanded its range of crypto options to include Ether (ETH) and Solana (SOL) contracts. This partnership will elevate trading on Bybit to the next level, and position both market leaders at the forefront of the industry.
Adding Advanced Trading Features to World Class Liquidity and Reliability
Bybit has proven itself to be the most reliable, stable, and usable cryptocurrency exchange, offering the best liquidity whether in a bull or bear market. Unique among major exchanges, Bybit has experienced a 99.99% up rate throughout with no overload nor downtime.
Liquidity is arguably the be-all and end-all attribute for asset exchanges. Coupled with SignalPlus’ institutional-grade and integrated options platform solutions, Bybit’s significant market depth and best-in-class liquidity can help ensure traders the best quote and best execution even during extreme volatility, allowing them to go further in trades and enjoy maximum profitability.
“Considered as the standard bearer for crypto options, SignalPlus will be an excellent tool for our users to elevate their trading experience,” said Ben Zhou, co-founder and CEO of Bybit. “We look forward to bringing our products and services to the next level with this partnership with SignalPlus, and our users benefiting from its functionalities.”
“We are very glad to be Bybit’s official partner in crypto options, an area we expect to see exponential usage growth and adoption over the next few years. Bybit is an absolute first-class exchange with an incredible tech infrastructure, which is the perfect companion to leverage SignalPlus’ proprietary tech offerings. Together, we aspire to be the leading platform to serve the industry’s crypto options needs, and we couldn’t be more excited about our immediate journey ahead,” said Chris Yu, co-founder and CEO of SignalPlus.
Hashtag: #Bybit
About Bybit
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
Formed in 2021, SignalPlus is a technology company looking to develop an open, accessible technology platform to democratize and empower proficient crypto options trading for users of all levels. Founded by an exceptionally seasoned team of traders, technologists, builders, and repeat entrepreneurs, the Team’s vision is to create an enterprise software solution that would translate our domain expertise into practical, programmatic software services that can be easily leveraged by the crypto industry to accelerate its options markets development in a professional manner.
The ceremony of 4 dialysis machines protect Covid-19 were handed over by Australian Deputy Ambassador Dan Heldon.
A LAK 1 billion or USD 65,000 donation of four dialysis machines from the Australian Government will provide life-saving medical support to 4,500 people living with kidney disease or diabetes each year.
SHENZHEN, CHINA – Media OutReach – 6 September 2022 – The increasingly important role that smart devices play in our lives is placing more and more demands on their ability to deliver consistently smooth and reliable experiences. But even in 2022, more than a decade since smartphones became a common part of our everyday existence, performance optimization is still one of the biggest challenges facing the industry.
Dynamic Computing Engine
Despite exponential increases to the amount of RAM and ROM on smartphones over the past ten years, slow app opening and switching speeds, phone overheating, and high-power consumption are still regular concerns for users. This leads to the question, if today’s smartphone hardware is so powerful, why do we still experience such fundamental issues in user experience?
Powerful hardware only works if used right
Fierce competition in the smartphone industry over the past decade has led to many manufacturers fighting in a race to deliver the most powerful device in terms of raw hardware performance. This has caused many industry analysts and everyday users alike to wonder if smartphone hardware has now become more powerful than it needs to be. A better way of looking at the issue though is whether this power is being put to the right use or not.
When it comes to using powerful hardware in the most effective way, there are two mistakes which are commonly made. The first is to allocate too many computing resources to a process that doesn’t need them, ultimately leading to unnecessary power consumption. For example, two smartphones equipped with the same chipset can have vastly different levels of power consumption, and this is partly a result of the way resource are allocated and scheduled.
The second type of misuse occurs during memory scheduling conflicts. These are what cause the phone to lag or freeze, for example when switching from one application to another, as system resources originally committed to the first app take time to become available for use by the second.
To solve these problems and ensure that the hardware on its latest smart devices is put to the best use, OPPO has developed a system level computing hub — the Dynamic Computing Engine — that can be found in the latest version of its mobile operating system, ColorOS 13.
The Dynamic Computing Engine: OPPO’s system level computing hub for ColorOS
ColorOS’s Dynamic Computing Engine uses a Computing Power Model to schedule hardware resources effectively and accurately. By optimizing through four computing technologies (Parallel Computing, High-Performance Computing, Device-Cloud Collaborative Computing, and Intelligent Computing), the Dynamic Computing Engine helps deliver an all-round smoother and more stable user experience over the long-term on OPPO devices.
The Dynamic Computing Engine is an evolving technology platform that combines hardware and software to deliver maximum performance and efficiency. For the platforms’ first edition on ColorOS 13, the Computing Power Model and the Parallel Computing Engine have been implemented to help solve performance issues related to inefficient resource allocation and memory scheduling conflicts.
The Computing Power Model: striking a balance between high performance and low power consumption
Existing strategies for scheduling computing resources have often lacked a deep understanding of chip microarchitecture, so they fail to achieve the best balance in energy efficiency.
To solve these problems, the ColorOS’s engineers underwent a three-year process to find the best method of allocating computing power that could achieve the optimal balance between high performance and low power consumption. Following analysis and simulation of millions of such scenarios data, the team ultimately developed a Computing Power Model capable of accurately scheduling CPU, GPU, and DDR computing resources at the instruction level.
Dynamic Computing Engine -Computing Power Model
With the support of the Computing Power Model, whenever the phone needs to render a game environment or open a camera application, the CPU only needs to perform the role of an “assistant”, rather than dedicating the focus of its resources to this one task. This can avoid excessive resource requests and the need to repeatedly test resource allocation efficiency, reducing power consumption and extending battery life in the process.
A look at data from the OPPO Find X5 Pro shows just how much the Computing Power Model can improve power efficiency. According to data from OPPO Lab, once upgraded to ColorOS 13, a Find X5 Pro can be used to communicate via WhatsApp for 19 hours, play PUBG for 9 hours, view YouTube videos for 22 hours, or take WhatsApp video calls for 8 hours. While these are unlikely scenarios for the everyday person, simulations also show that the average battery life of the Find X5 Pro can reach 34 hours during typically use.
Parallel Computing: ensuring a smooth experience under heavy loads and multitasking
Just as instruction level resource scheduling strikes a balance between performance and power consumption, parallel computing is a valuable tool in solving memory allocation conflicts.
Android uses a serial memory allocation system that works on a first come, first served basis. However, given the complexity of real-life smartphone applications, this serial nature has significant drawbacks. For example, when the user suddenly needs to perform another high priority task, they may find that the phone’s memory is occupied by other processes and cannot be released in time. This resulting lag or freezing of the app is an all too familiar experience for most smartphone users, and one which might cause some to wonder why such a well-known problem has not yet been solved. One of the primary reasons is that these memory locks are caused by a phenomenon in the computer architecture called “lock contention”. In fact, research undertaken on ColorOS has shown that “lock contention” is responsible for as many as 30% of the lag or freezing issues encountered when using a smartphone.
To get around this, ColorOS adopts an advanced microkernel design that executes key operations such as memory allocation and memory reclaim in parallel so that high priority tasks do not have to wait in line to have access to these resources. By splitting the locked memory into smaller blocks, CPU threads have to wait less time for the current thread to finish working on that specific block of memory, resulting in less lag or pause time. This improvement is critical to the smooth experience that ColorOS users will enjoy during multitasking, enabling them to open multiple apps at the same time and switch between them smoothly.
A smoother experience in ColorOS 13
Thanks to the foundations provided by the Dynamic Computing Engine, ColorOS 13 delivers a whole variety of smoother and smarter experiences.
When it comes to productivity, ColorOS 13 features an upgraded Multi-Screen Connect that now supports seamless connection between smartphones and OPPO Pad Air, and between smartphones and PCs. With the OPPO Share function, the upgraded Multi-Screen Connect also makes file transfer between devices faster and more convenient, providing support for transfer between OPPO smartphones and OPPO tablets, or OPPO smartphones to PC, without using any mobile data. Most major file types are supported, meaning you can seamlessly and quickly transfer documents and switch between smartphone, PC, or OPPO tablet depending on which device works best for any given task.
In terms of interactive experience, ColorOS’s Quantum Animation Engine improves the realism of animated effects by adding extra details and an advanced physical motion model that makes interactions in ColorOS closely reflect the laws of physics. Following in-depth research and analysis of user feedback, the ColorOS team has optimized 61 motion effects and introduced Behavioral Prediction into Quantum Animation Engine. Behavioral Prediction can recognize and predict a user’s intended input when two touchscreen gestures are made one after the other. For example, when an app is opened and the user suddenly decides to open the second page to the right of the home screen, usually the user have to slide up from the bottom of the display and wait for the home screen to appear before swiping onto the second page. But if user swipe right after sliding up, ColorOS 13 will know the ultimate goal is to get to the second page and will take user directly there. This prevents conflict between the two operations and provides users with smoother, more intuitive interaction.
Another feature in ColorOS 13 that minimizes power consumption through close integration of hardware and software is LTPO 2.0 technology. LTPO 2.0 can reduce the refresh rate of the Always-On Display to only 1Hz, leading to a reduction in power consumption of up to 30% in certain applications. This creates more possibilities for users to personalize their Always-On Display without having to worry about how it will impact the battery life of the phone. The Always-On Display in ColorOS 13 provides options to monitor daily smartphone usage with Insight Always-On Display or create a digital Bitmoji avatar that syncs up with their real self. The Smart Always-On Display can even be used to control Spotify music play or receive information on food delivery orders from apps such as Swiggy and Zomato without unlocking the screen.
In terms of privacy and security, ColorOS 13’s Auto Pixelate can automatically blur profile pictures and usernames in chat screenshots using a device-side algorithm, allowing users to conveniently share screenshots of their conversations without worrying about their privacy. ColorOS 13 also includes an updated Private Safe feature that employs industry-standard AES file encryption to store files in a local private directory for enhanced security and privacy.
OPPO ColorOS 13 – Auto Pixelate
OPPO will continue to evolve the Dynamic Computing Engine in future iterations of ColorOS to provide even more powerful support for other features and content. This includes the addition of the High-Performance Computing, Device-Cloud Collaborative Computing, and Intelligent Computing engines that will take the smooth and intelligent user experience of ColorOS to the next level.
Hashtag: #OPPO
About OPPO
OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.
About ColorOS
ColorOS is a highly customized, efficient, intelligent, and richly designed Android-based mobile OS from OPPO. With over 500 million global monthly active users, ColorOS supports 67 languages, including English, Hindi, Thai, and Indonesian.
GENEVA, SWITZERLAND – Media OutReach – 6 September 2022 –The closed beta test version of TRON GameFi WIN NFT HERO went online at the beginning of May this year, and has successfully completed two rounds of closed beta test as of now, and will enter a new phase soon. According to the official news of Binance, WIN NFT HERO will launch the mystery box sale on the Binance NFT marketplace from 0:00 on September 5th to 12:00 on September 8th UTC time. The mystery box is limited to 10,000 with the unit price of 10 BUSD/each.
Binance introduces a new way for users to fairly participate in the latest drops and exclusive releases on Binance NFT. By utilizing this new subscription mechanism, Binance will ensure a fair and equal way for BNB holders or NFT holders to commit tokens towards a Binance NFT sale. There is a subscription cap for each user, and the final NFT allocation will be distributed in a fair and square manner.
How to Participate
1. Log in to your Binance account and go to the Binance NFT homepage. Click on the NFT sale banner you wish to participate in.
2. You will be redirected to the subscription page, where you can see a description of the project, the total NFT issued, the Participation Ticket price, the ticket purchase limit per user, and the subscription countdown.
Attention
1. All Binance users who have completed the Identity Verification can participate in the Binance NFT primary sale to purchase NFTs. However, to be qualified to subscribe for Participation Tickets in the next phase, you need to meet the prerequisite determined by each sale.
2. The preparation phase of WIN NFT HERO Mystery Box sale is from 0:00 on September 5 to 2:00 UTC on September 7. If you top up your wallet balance to meet the minimum daily average BNB holdings after the Preparation Phase begins, you may not be eligible to participate in the Subscription Mechanism sale.
WIN NFT HERO is a “GameFi+NFT” strategic game, built on the TRON public chain, which makes all kinds of heroes, equipment and other NFT assets in the game belong to individual players. Our goal is to connect players from all over the world through WIN NFT HERO, to create a world of economic prosperity through blockchain, and to provide players with a new experience and entertainment beyond the real world value.
WIN NFT HERO Highlights:
1. To create the GameFi version of “Teamfight Tactics”, bring more fun to players
Unlike previous GameFi projects that emphasize Earn and ignore gameplay, WIN NFT HERO is dedicated to bringing more fun to players. WIN NFT HERO is similar to the popular strategy game Teamfight Tactic in terms of gameplay.The core gameplay is to match the best hero lineup with reasonable tactical strategies based on hero positioning, bonding and equipment settings.
According to the statistics, the monthly active players of Teamfight Tactics have exceeded 30 million, which is a testimony to the popularity of this game mode. As a metaverse GameFi, WIN NFT HERO not only allows players to experience a similar gaming experience as Teamfight Tactics, but also allows players to own in-game assets and Play to Earn.
2. Lower the participation threshold, allowing Web2 players to easily enter Web3
The reason why GameFi can’t make itself known outside of a fixed circle is that Web3 itself has certain technical complexity and cognitive threshold. In order to reduce the learning cost for Web2 players, WIN NFT HERO provides a new game mode, so that Web2 players can easily enter the game through the familiar traditional way. Web2 players only need to rely on their own strategies and operations to earn rewards in WIN NFT HERO’s free ALLSTAR mode and related season events.
Just like the cross-chain concept in the blockchain field, WIN NFT HERO also bridges between Web2 and Web3 players, allowing Web2 players to enter to Web3 at any time and maximize their earnings while enjoying the game. Through these ways, WIN NFT HERO has paved the way for attracting more new players in the future.
3. TRON and Binance combine powerfully, buying NFT mystery boxes is earning
On November 25, 2021, WIN NFT HORSE, the first GameFi launched by TRON Ecology, was launched on Binance IGO. Based on the value depth and liquidity of Binance Ecology, WIN NFT HORSE had achieved a remarkable result of 10,000 NFT mystery boxes sold out in 1 second. In addition, WIN NFT HORSE’s horse NFT not only generated extremely high premiums in the secondary market due to players’ enthusiastic pursuit, but participating in the game also allowed players to gain a lucrative income.
Previously WIN NFT HERO has released an introduction to the economic model, which contains $NFT, $WIN and other in-game specific assets within the game ecosystem to incentivize players’ behaviors in different game scenarios. $NFT and $WIN already have a rich ecosystem with sufficient value to support. After the game is officially launched, it will also greatly empower $NFT and $WIN, the two star tokens of TRON GameFi field.
WIN NFT HERO, as the second GameFi launched by TRON, will also reach a new level of support in terms of ecological resources. Therefore, WIN NFT HERO launching at Binance NFT Marketplace will certainly get more attention, and is expected to once again form the wealth effect of buying is earning.
4. NFT deflation mechanism, providing long-term fundamental value support
In the general game mode, players can improve the quality of game characters or equipment NFTs by upgrading to achieve better results in the game. On this basis, WIN NFT HERO adds a new game mechanism, that is, players can consume low-quality NFTs to obtain higher-quality NFTs.
This persistent deflation mechanism can not only promote the vitality of the entire WIN NFT HERO economic ecology, but also provide long-term basic value support for NFTs.
5. Build TRON Metaverse community and promote the sustainable prosperity of TRON ecology
The goal of WIN NFT HERO is to build an exciting TRON Metaverse community, where people from all walks of life can gather in the metaverse to share experiences and interests, and play games together. Thus,, we can see that WIN NFT HERO will also become the entrance to the TRON Metaverse. While receiving the full support of the TRON ecology, WIN NFT HERO also shoulders the responsibility of continuously injecting value and vitality into the TRON ecology.
In the process of continuous expansion, WIN NFT HERO will also bring more application scenarios for TRON ecological tokens such as $WIN and $NFT, thereby promoting the increase of token value. As an early participant of WIN NFT HERO, you will have the opportunity to get richer returns by holding hero NFTs or in-game token assets for a long time.