On November 20, 2012, yuan junwei, vice President of the group, led the reception of our long-term partners in Japan, toyo and sanhing meibis co., LTD., and held discussions on the procurement plan for 2013, the trademark registration, and the development of the oil and gas recovery system of the new tanker in particular. At the beginning of the meeting, President yuan expressed his sincere thanks to fuyong and sanxing for their visit to the joint venture. After that, after the repeated communication between the two sides, the meeting confirmed the purchase volume of furen high-tech co., ltd. and furen seiko in 2013. At the same time, fuyong also agreed to the TMC trademark registration issues raised by vice President yuan. Both parties make it clear that in order to protect the legality of TMC's domestic trademark in China, furen seiko will register the trademark of relevant tanker parts. Most importantly, the meeting discussed in detail key issues related to the oil and gas recovery system, such as oil guns and pumps, which were raised in previous communication activities. After hearing from fuyong fang about their current rationale for the product, the two sides agreed to hold a detailed technical seminar in December and initially set a development plan for next year. This negotiation demonstrated the sincerity of the three parties' friendly cooperation and reached satisfactory results. I hope that in the future cooperation, we can continue to trust each other and work together to achieve greater success.