Time races forward, and we have journeyed together once again. Over the past year, the market conditions have been complex and volatile, with challenges emerging at every turn. Whether it was the dynamic changes in consumer demand or the intensifying tirelessly – you are the key force that enables us to weather the storms. New World will industry competition, these constant changes continuously tested our adaptability and business acumen, requiring careful consideration with every step forward. Amid the turbulence, we have consistently upheld the tenacious spirit of perseverance exemplified by the Lion Rock, standing united to navigate the storms and sail forward. In June 2025, New World successfully completed a refinancing of HK$88.2 billion. As we navigate this period, we extend our heartfelt gratitude to our partner banks for their tremendous support and profound trust. We also extend our sincerest appreciation to every colleague who has worked hold this gratitude close to its heart.