I am pleased to say that we now have Xing Wei LLC set up and operating in Abu Dhabi, UAE. Opening this new Xingwei business in Abu Dhabi, UAE will help us get closer to our customers in the Middle East and Africa region and is another positive stepping stone for us to continue our efforts and develop Xingwei globally." Nestled at the crossroads of major shipping routes, Abu Dhabi is a major logistics hub and conduit for global trade. In the Logistics Performance Index 2021 report released by the World Bank, Abu Dhabi has been named the best logistics hub in Asia. Abu Dhabi is an ideal location for large logistics companies, with 20 of the world's top 25 logistics companies having operations in Abu Dhabi. Abu Dhabi has 200 sea routes, connecting with 600 ports in 123 countries, and ocean-going vessels sail daily to every major port of call around the world. We sincerely hope that Xingwei Abu Dhabi Company can take advantage of the regional geographical advantages to better provide customers with one-stop professional consulting services. Finally, I would like to thank the entire AL Hail Marine Service team and BOTH, whether in Abu Dhabi, UAE or Singapore, for their important role in helping us establish and launch this joint venture. We are delighted to have such an outstanding business consulting partner supporting us in the UAE.
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