Welcome to Haitong’s Expert Conference Call. Before we commence, please note that any information or opinions of our guest Expert shared in this Call are that of the Expert’s.  They do not represent Haitong’s viewpoint or perspective, or that of the organization to which the Expert belongs.  Furthermore, the contents of this Call do not constitute any solicitation or recommendation of any investment or purchase of investment.  Consent of the Expert is required if you wish to divulge or forward to a third party any part of the contents of this Call.  Haitong is not liable for any damage, cost or claim arisen as a result of any usage, disclosure, reliance or possession on any part of the contents of this Call.