In 2023, we are in the post-COVID era, but the war between Russia and Ukraine, which has been ongoing since February 2022, has not yet ceased. Additionally, the Israel-Palestine conflict, the strong earthquakes in Turkey and Morocco, and various international economic sanctions have all contributed to a global economic downturn. Factors such as the slower-than-expected economic recovery in China have resulted in a negative impact on the global economy that, compared to 2022, has not reversed. Consequently, the challenges faced by our operations remain unchanged. However, we continue to adhere to our founding principles—'Persistence,' 'Integrity,' and 'Ethics'—and work together with unwavering spirit to face global changes and challenges, laying the foundation for future progress.

In the new year, we will further integrate corporate social responsibility into our daily operations, strengthen relevant indicators of corporate governance, and strive to build an effective corporate governance structure to protect shareholder rights, strengthen the effectiveness of board supervision, respect the rights and interests of stakeholders, and regard improving company information transparency as the highest principle. At the same time, we will strengthen the connection between sustainable performance and operational management, and promote sustainable development through integration with our profession to let this persistence become the driving force for innovation.

In terms of environmental sustainability, RichWave regards environmental protection as our responsibility and continues to emphasize the R&D of energy-saving, high-efficiency products, and consider it one of the Company's key R&D projects. In this regard, we are collaborating with suppliers to develop a green supply chain, ensuring that the supply chain meets goals such as improving energy efficiency, reducing carbon emissions, and manufacturing low-pollution products. Compared to the previous year, our efforts have paid dividends. Due to the crucial impact of "climate risk measurement" on the sustainable operation of modern businesses. To address the important topic of corporate sustainability, RichWave plans to implement the Task Force on Climate- related Financial Disclosures (TCFD) in 2024. By focusing on 4 core elements—governance, strategy, risk management, and setting metrics and targets—we aim to effectively manage climate change risks and opportunities, providing reliable basic financial metrics and information to investors, customers, and other stakeholders.

As far as a friendly workplace is concerned, RichWave has always perceived our employees as our partners, thus we have strived to provide them with a LOHAS, healthy, positive, and open work environment in a bid to inspire their creativities and proactive attitude. This is complemented by a comprehensive training mechanism and remuneration/welfare system to offer our employees a progressive career development platform and opportunities, thereby advancing the company's overall technological innovation and development, as well as attaining a win-win situation for the company and the employees.

Looking to the future, the mobile and wireless communications industry will continue to thrive. RichWave will not only continue to refine and improve its Wi-Fi 6E products but will also invest in research and development to advance Wi-Fi 7 products. We will continue to consolidate company resources, working together with customers, suppliers, and employees, focusing on our core business and adhering to the principles of green operations. We are committed to enhancing corporate governance, caring for the vulnerable, fulfilling corporate social responsibilities, and achieving a vision of sustainable, mutually beneficial development.