Our Company is committed to achieving high standards of corporate governance with a view to safeguarding the interests of our Shareholders. To accomplish this, our Company intends to comply with the corporate governance requirements under the Corporate Governance Code after the [REDACTED] save for the matter disclosed below. Pursuant to code provision C.2.1 of the Corporate Governance Code, companies listed on  the Hong Kong Stock Exchange are expected to comply with, but may choose to deviate from the requirement that the roles of chairman and chief executive should be separate and should not be performed by the same individual. We do not have separate chairwoman of our Board and CEO, and Ms. Li currently performs these two roles. Our Board believes that, in view of her experience, personal profile and roles in our Company as mentioned above, Ms. Li is the Director best suited to identify strategic opportunities and focus of our Board due to her extensive understanding of our business as our CEO. Our Board also believes that vesting the roles of both chairwoman of our Board and CEO in the same person has the benefit of (i) ensuring consistent leadership within our Group, (ii) enabling more effective and efficient overall strategic planning and execution of strategic initiatives of our Board, and (iii) facilitating the flow of information between the management and our Board. Our Board considers that the balance of power and authority for the present arrangement will not be impaired and this structure will enable our Company to make and implement decisions promptly and effectively. Our Board will continue to review and consider splitting the roles of chairwoman of our Board and CEO at a time when it is appropriate by taking into account the circumstances of our Group as a whole.