We are grateful that history has endowed Xiachao with opportunities.In order to meet customers and consumers's request and make good service for customers, today ,we developed our technology to first-class level of the world in the home integration, network appliances, digital and large-scale integrated circuits and new materials. Xiachao has long attached significance to innovation in satisfying the demands of worldwide consumers and realizing win-win performance between Xiachao and clients Looking back, we have strived forward, overcoming countless difficulties. We are faster than most of our competitors, and we are closing the gap between world-class corporations and us. We will carry on and further expand our successful attributes - dedication to work, honesty, teamwork, innovative corporate spirit, focus on market and customer orientation, employee respect, responsibility to shareholders and public. Moving forward, to achieve our goals, we need to focus on reform and innovation, and maintain employee motivation and organization′s vitality. The experiences of numerous successful domestic and international corporations have proved that only those corporations, that continue to reform and incessantly surpass themselves and their past performances, can last. We are fully aware that we only reform and innovation will enable us to maintain corporate vitality, create more opportunities for future development, and help us overcome potential crisis. Taking the initiative to identify our own weakness is a sign of courage and self confidence. This will help us make constant progress, and take on risks and responsibility. The steadfast implementation of reform and innovation are the only ways to improve our competitiveness and surpass our competitors. We firmly believe that history is written by those who have fully utilized their opportunities of the times and who incessantly carried out reform and innovation. Let us pass on the drive of reform and innovation to each and every employee, use our blood, youth and sweat to build up our business, and to achieve our goal--the creation of a world-class corporation with international competitiveness. This is the duty and mission conferred on us by history.