Since the listing in November 2007, we have established a corporate governance structure in accordance with the regulatory requirements. Our Board of Directors and the Board’s committees have been operating smoothly. A clear segregation of duties was established between the Chairman of the Board and CEO, while independent non-executive directors accounting for one third of the Board members. We have strengthened the internal control with a focus on financial supervision and risk management and have been able to optimize internal management tasks through the implementation of the above measures.