Good morning, everyone. My name is Jasmine, I'm from Mobile, a bike sharing company. I'm glad to see all of you here, and I am thrilled to have the opportunity to deliver a presentation about our company's furture plan.

Can everyone see tht PPT? Great. Our furture plan has two main points, on the one hand, I think we should reduce the cost of buying raw materials because labor charges become more and more expensive. May I draw your attention to the marketing cost analysis, please? From the conduct research, compared with producting by ourself, it would be cheaper to buy semi-finished product from India. On the other hand , I think we should expand into the overseas market.  Let's pay attention to the fact that Europeans are more likely to do exercise.  And please not ignore the fact that they have good basic installation to ride on a bicycle. We have already been successful in the Chinese market, why not expand Eurepean market, we can transfer our success to European market.  that's all,  thank you.