With our predecessor founded in 1997, We, Cedar Holdings, rode on the reform and opening-up and now become one of the most promising private enterprises in China. We are also one of the Guangzhou home grown private enterprises that make into the Fortune Global 500. In 2019, Cedar Holdings registered a total revenue of over 268.8 billion RMB, ranking 301st on the list of Fortune Global 500 list. Today, we are actively driving forward our global expansion while focusing on our core businesses in order to become one of the world's leading conglomerates. It is our mission to develop industry to make China great again and create values to give back to society. Through 20 years development, we are right now standing at the peak of our time. Cedar Holdings firmly holds a positive view of China's economy；puts into practice the theory of reshaping industry values and remaining future-oriented; focuses on China's industry transformation and consumption upgrade; presses ahead with supply-side reform; aligns our development with nation's strategies. As an industry-centred conglomerate, our business operations cover sectors including commodities, new chemical materials, cultural tourism and smart city services, owning two A-listed companies- Qixiang Tengda（002408), Sinoer (002485) as well as a majority of stakes in Cedar International Trust and Dalian Financial Asset Exchange.