Following the disposal of the IT consulting business and the gaming and entertainment business in Macau, the Group’s main focus will be in environmental protection related businesses. In view of the PRC government’s strong support for industries related to environmental protection and the stable growth of the PRC’s domestic consumption, the Group is optimistic on the long-term prospect of the paper manufacturing and the biodegradable materials manufacturing businesses. In the future, the Directors will continue to optimize the Group’s resources in order to capture more business oppor tunities by focusing on cost control, sales network expansion, production capacity enhancement and product diversification to maximize shareholders’ return. At the same time, the Directors have been actively in search of attractive investments in environmental protection businesses in the PRC and globally with a view to generating positive cash flow and earnings for the Group in the long term.