Under the property development and investment segment, we are progressing diligently with the development of the three pieces of land in Xinmi City, all of which are for industrial use. The first phase development comprising of industrial premises for self-use and investment and development purposes. We are of the view that the property investment and development business helps to diversify the Group’s business in order to magnify the Group’s development potential and shareholders’ return. Currently we have no concrete plan for further development of the land. We will closely monitor the property market in the PRC and determine the appropriate development strategy. We will consider the second phase development after completion or pre-sale of the first phase.